What is up with Suzlon, the darling penny stock?

Many factors have worked for Suzlon, some of which are.. 1. Debt restructuring: They have repaid more than 80% of their debt, reducing it from ₹11,552 crores in FY19 to ₹1,937 crores in FY23. 2. They recorded a profit for the first time in the current financial year since FY10, driven by the growth of their O&M business in line with market demands of more renewable energy. (Remember there are very less O&M companies who works in wind energy sector) 3. Government policies and the PLI scheme for renewable energy have facilitated their growth. As government wants to achieve their Paris Agreement targets which includes 500GW renewable energy addition before 2030. 4. Renewable Purchase Obligation (RPO) has increased the demand for Renewable Energy Certificates(RECs), which function similarly to Carbon credits. And more demand attracting more companies in this sector which increasing Suzlon's O&M business. 5.India's goal to fulfill 50% of its energy requirements through renewable sources has benefitted Suzlon, alongside other companies like Adani Green. *Note* - When the whole Hindenberg and Adani saga was going on I told on one of the post at this platform that I don't know what will happen with other Adani stocks but Adani green will bounce back from 500 to more than 1000, I was right 😎) 6. Suzlon signed many MoUs in last 6 month and attract investment also. There are some technical factors also which I don't think I should write here.