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Ambit Report: Buy Suzlon & Satvik, Sell 3 Others Amid Solar Sector Concerns

CNBC Awaaz•26-09-2026, 15:23

•Ambit Capital's "The ride down begins" report gives BUY ratings to Suzlon Energy and Satvik Green Energy.
•Suzlon Energy's share target is ₹59 (from ₹42) and Satvik Green Energy's target is ₹480 (from ₹448).
•Suzlon's BUY recommendation is based on the DCF method, valuing it at 31 times FY2028 estimated EPS.
•Satvik's BUY rating is driven by its 2.4 GW solar cell manufacturing line and delayed ALMM-II timeline.
•The report advises selling Premier Energies and MV Photovoltaic Power, citing concerns over increasing competition and lower margins in the solar sector.

Key Questions Answered

According to Ambit Capital's report, Suzlon Energy's share price is stated at ₹42 with a 12-month target of ₹59, which represents about a 40% higher potential upside calculated using the DCF method.

Ambit Capital maintained a BUY rating for Satvik Green Energy with a price of ₹448 and a target of ₹480, driven significantly by its 2.4 GW solar cell manufacturing line and a solar module supply order worth ₹10.4 billion from SECI.

Ambit Capital issued a SELL rating for Premier Energies with a price of ₹915 and a target of ₹825, and also gave a SELL rating to MV Photovoltaic Power from a price of ₹333 with a target of ₹315.