The share price of India’s leading wind energy company saw major losses this week, falling below the ₹40 level for the first time since May 2024 on Monday. The downtrend continued on Wednesday as Suzlon Energy’s share plunged to ₹39.70. The stock is currently trading for ₹39.92,down by 2.52% from the previous close of ₹40.95. New Leadership Structure Suzlon is under selling pressure following key leadership changes in the company. Last week, the company announced that it is restructuring its leadership framework with the appointment of industry veteran Ajay Kapur as group CEO. JP Chalasani, who previously held the position, is now part of the newly formed group executive council where he will work with the senior leadership. “I am confident that with this new organizational structure and leadership expansion, we are best positioned to leverage the growing renewable energy opportunity in India and overseas,” Chalasani said in a statement following the changes. Suzlon decided to overhaul its leadership as the firm sought to transition from being a wind energy provider to an integrated renewable energy solutions provider. “This new leadership structure provides the focus required to manage our expanding scale while maintaining the strategic agility needed in a rapidly evolving global energy market,” said Suzlon Energy executive vice chairman Girish Tanti. But the domestic brokerage firm JM Financial is not convinced that the overhaul will be significantly favorable to Suzlon Energy. “We believe that bringing in a slew of high-profile CXOs with non-core expertise under a single business (WTG manufacturing) risks setting in unfavourable group dynamics (for instance, Srivastava resigning in December 2025) and unrelated diversification. Critically, such a reshuffle is unlikely to relieve the pain of the widening gap between deliveries and commissioning,” the brokerage said , according to Mint. Buy Rating Despite the sell-off, Motilal Oswal Financial Services retained its “Buy” rating on the stock with a target price of ₹60. Nuvama Institutional Equities and JM Financial also maintained their “Buy” rating on Suzlon.
