Morgan Stanley highlighted Suzlon's robust business moat and its position as a key player in India's energy transition. The company's strong order backlog of 5.1 GW, valued at Rs 20,000 crore, is expected to be executed over the next two years. The brokerage projects Suzlon's market share in the wind energy segment to rise to 35-40 per cent by FY27, supported by a significant pipeline of 32 GW of wind energy orders estimated between FY25 and FY30.