Suzlon Suzlon has become India’s largest wind turbine seller once again, with a 20% share of the India market. But Gamesa has emerged as the real star after almost quadrupling its sales last year, to become a very close No.2. Others in the top 5 are also foreign turbine makers such as Enercon and General […]
Buy Suzlon? Suzlon Energy has seen its stock price rise by over 200% from its all times lows, as the Indian stock market has rallied strongly with the appointment of the new government which has a majority in parliament. Suzlon too has seen some operational improvement after reducing debt, through sale of assets such as […]
Suzlon was long regarded as the poster boy of India’s renewable energy industry. The company in its heyday used to be amongst the world’s top 5 wind turbine equipment producers, with billions of dollars in revenue. However expensive acquisitions, poor execution and strong competition from Chinese WTG companies made Suzlon’s life hell over the last […]
Suzlon which is India’s biggest wind company and one of the biggest turbine suppliers in the world has never recovered from the 2008 crisis. The company which used to be the 5th biggest wind turbine supplier with a market capitalization of over $10 billion is now a shadow of its former self. The company has […]
Quick quiz. What is common to Suzlon, Moser Baer, Indo Solar, Websol Energy systems and Orient Green Power? All these stocks had successful runs on the stock market and hyped as the next game changers in wind energy, semi conductors, solar power and hydel/geo thermal power. Valuations were more on growth stories than through an hard nosed DCF spreadsheet. But now, they trade at record lows(like other stocks but what is different is the pressing fundamental concerns in each case). Is this a bubble finally bursting, or are investors panicking?
Top European Wind Companies Vestas,Gamesa and Enercon have gained marketshare in 2010 in the Indian Wind Power Market.Note Indian Wind Energy Companies have been competing with each other as the Indian Wind Power Market starts slowing down.India installed more than 2 GW in Wind Capacity and is the world’s fifth largest market.Suzlon the biggest Indian Wind Turbine Company has seen its marketshare go below 50% for the first time to 41% as aggressive initiatives by foreign wind manufacturers pay off.Note GE,Siemens and others have been setting up blade and turbine factories in India to lower costs and improve their position.Gamesa has been the biggest winner by gaining a 10 percent marketshare taking the No.3 position from the world’s largest wind turbine company Vestas.Enercon maintaines its 2nd position with 500 MW of installations despite severe legal problems between the domestic unit and the German parent.