SynopsisSuzlon Energy shares gained on Thursday after the company unveiled its ‘Suzlon 2.0’ strategy, expanding beyond wind energy into solar and battery storage solutions. The company aims to build a 15 GW order book by FY31, quadruple renewable energy sales and strengthen its position as a full-stack renewable energy player.AgenciesSuzlon aims to build a 15 GW order book by FY31, secure about 40% market share in India's wind energy sector.Suzlon Energy shares rose more than 2% on Thursday after the wind energy solutions provider unveiled its long-term growth strategy, branded as ‘Suzlon 2.0’, adding that it is diversifying into solar, battery energy storage systems (BESS) and other businesses.In an exchange filing released on Wednesday, the company said it is evolving from a pure-play wind OEM to a wind-first full-stack renewable energy solutions company. Its ‘Suzlon 2.0’ plan includes a new business architecture comprising wind-first full-stack RE tech solutions, RE DevCo, RE projects, and RE asset management.“Together, these businesses create an integrated platform that enables renewable energy delivery at scale with speed, certainty, and long-term performance while powering reliable, accessible, affordable, and intelligent energy systems,” Suzlon Energy further said, outlining plans to quadruple annual renewable energy sales to 10 GW and expand its renewable energy assets under management (AUM) to 70 GW by FY31.As part of the strategy, Suzlon aims to build a 15 GW order book by FY31, secure about 40% market share in India's wind energy sector and generate 3 GW of export order intake. The company also expects its newly created renewable energy development business, RE DevCo, to contribute around 60% of overall volumes over the next five years.“As the world enters a super-cycle of electrification, Suzlon 2.0 is built to partner with customers and nations to accelerate the energy transition. We deliver energy security through firm, reliable, and affordable wind-first, full stack renewable solutions- from concept to commissioning to lifetime asset management,” said Suzlon Group Vice Chairman Girish Tant.Suzlon CEO Ajay Kapur meanwhile said that RE DevCo, its newly created renewable energy development business, would be the primary growth engine for Suzlon 2.0, helping the company target a 15 GW renewable energy order book and strengthen its leadership in the domestic wind market.Suzlon Energy share priceSuzlon Energy shares jumped more than 2% to trade at Rs 55.75 apiece on Thursday morning. The shares of the company declined more than 3% in one week but gained around 6% in 2026 so far. In the longer term, the stock fell 17% in one year, but rallied 405% in three years and 725% in five years. The company currently has a market capitalisation of more than Rs 75,901 crore.Also read: Dividend alert! Last date to buy RIL, HDFC AMC, other 14 stocks for dividend rewards. Do you own?JM Financial on SuzlonJM Financial said Suzlon is trying to follow the common evolution strategy of industrial OEMs, progressively graduating from an equipment supplier (moderate revenue, high margin) to EPC (high revenue, low margin) to a turnkey solutions provider (very high revenue, medium margin) and finally to a solutions provider (recurring revenue, high margin). “Although we appreciate the move to address upcoming growth challenges, we would revise our estimates once green shoots take root,” it added.The domestic brokerage maintained a ‘Buy’ rating on the shares of Suzlon Energy, with a target price of Rs 65 per share. This implies an upside potential of nearly 20% from the stock’s previous closing price.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)Read More News on(What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price...moreless(You can now subscribe to our ETMarkets WhatsApp channel)Read More News on(What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price...moreless