Golden Gem - Suzlon

Hello Pirates

Suzlon Energy

Suzlon Energy (BSE: 532667) is a wind power company in India. In terms of market share, the company is the largest wind turbine manufacturer in Asia (and the fifth largest worldwide[2]). In terms of net worth, it is the world's most valuable wind power company[3]. With headquarters in Pune, it has several manufacturing sites in India including Pondicherry, Daman, Bhuj and Gandhidham as well as in mainland China, Germany and Belgium In India, the company has been the market leader for eight years consecutively, installing 53% of the capacity added in 2005.

Suzlon offers customers total wind power solutions including consultancy, manufacturing, operations & maintenance services. Suzlon is a multinational company with offices, R&D and technology centers, manufacturing facilities and service support centers spread across the globe.

With the increasing demand and the advantage of being an end-to-end solution provider in its field of activity, Suzlon plans to increase its presence within India, and around the world. It already has a presence in over 40 locations around the world – including Australia, China, Europe, India, New Zealand, South Korea and the USA.

Suzlon has design and R&D teams and facilities in Germany, India and The Netherlands to retrofit blades for clients. The international sales business of Suzlon is managed out of Aarhus, Denmark, while its global management office is in Amsterdam.

Suzlon Rotor Corporation in 2006 began producing the blades in Pipestone, Minnesota in the United States. Among its clients is Wind Capital Group.^[5]

In the year 2006, Suzlon reached a definitive agreement for acquisition of Belgium firm Hansen Transmissions, specializing in gearboxes for wind turbines, for $565 million. In 2007, the company purchased a controlling stake in Germany's REpower which valued the firm at US$ 1.6 billion.

In June 2007, Suzlon had signed a contract with Edison Mission Energy (EME) of US for delivery of 150 wind turbines of 2.1 MW in 2008 and a similar volume to be delivered in 2009. EME had an option not to purchase the 150 turbines due to be delivered in 2009, which it has chosen to exercise.

One can buy this stock in between 84 - 90 levels & keep a stop loss at 79 on closing basis 95 - 100 - 104 & a close above 105 can make it touch 120 levels & for long term 130 - 145 are the targets & close above 150 will make the stock go zoom.

One can buy this stock at dips & in the next rally this stock, this is a stock which is trading in a tight range for a quite a long time & any brake out can be very bullish for the stock, this is a under performer as of now but soon it would be out performing in the coming months.

Trading in the stock market involves risk, thus trade with appropriate stop loss & book profits at appropriate levels, the above information are my personal views & one can trade in the stock at there own risk,.

We wish All the Pirates, Happy Hunting & All the Best.

Regards

Captain