Suzlon Energy shares have 43% upside

Suzlon Energy held a manufacturing day on December 4 and 5, where the management highlighted that it sees a limited impact on near-term order flows from the slowdown in central renewables, stating that nearly 15 GW of wind orders remain in the bidding or awarding stage. The management added further that the potential cancellation / re-bidding of nearly 40 GW of Power Purchase Agreements, mostly in the solar or solar + storage segment, reflects a growing realism in the market that demand must guide supply addition, and wind being an essential component of the energy mix.