Suzlon Energy shares hit 5% upper circuit. What analysts say

Renewable energy solution provider Suzlon Energy hit a 5% upper circuit and 52-week high at Rs 23 in Monday’s trade on BSE after the firm announced a significantly large new order acquisition for its 3 MW series of wind turbines from Teq Green Power XI Private Limited, part of O2 Power Private Limited.

“Suzlon will install 64 of its largest wind turbine generators (WTGs) with a Hybrid Lattice Tubular (HLT) tower and a rated capacity of 3.15 MW each for the 201.6 MW wind power project. The project is expected to be commissioned in 2025,” the company said in an exchange filing.