NASDAQ:RNW ReNew Energy Global (RNW) Stock Price, News & Analysis → Dems have chosen Biden replacement? (From Paradigm Press) (Ad) Free RNW Stock Alerts $6.20 +0.38 (+6.53%) (As of 06/7/2024 08:52 PM ET) Add Compare Share Share Today's Range$5.76▼$6.2250-Day Range$5.32▼$6.4652-Week Range$4.78▼$7.79Volume1.56 million shsAverage Volume826,415 shsMarket Capitalization$2.31 billionP/E Ratio51.67Dividend YieldN/APrice Target$8.55 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesOptions ChainOwnershipSEC FilingsShort InterestTrendsStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesOptions ChainOwnershipSEC FilingsShort InterestTrends Get ReNew Energy Global alerts: Email Address ReNew Energy Global MarketRank™ Stock AnalysisAnalyst RatingBuy3.00 Rating ScoreUpside/Downside37.9% Upside$8.55 Price TargetShort InterestHealthy3.24% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment1.10Based on 14 Articles This WeekInsider TradingN/AProj. Earnings Growth633.33%From $0.03 to $0.22 Per ShareSee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.3.71 out of 5 starsOils/Energy Sector78th out of 227 stocksElectric Services Industry17th out of 41 stocks 3.5 Analyst's Opinion Consensus RatingReNew Energy Global has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 4 buy ratings, no hold ratings, and no sell ratings.Amount of Analyst CoverageReNew Energy Global has only been the subject of 1 research reports in the past 90 days.Read more about ReNew Energy Global's stock forecast and price target. Previous Next 4.0 Short Interest Percentage of Shares Shorted3.24% of the float of ReNew Energy Global has been sold short.Short Interest Ratio / Days to CoverReNew Energy Global has a short interest ratio ("days to cover") of 4.8.Change versus previous monthShort interest in ReNew Energy Global has recently decreased by 10.99%, indicating that investor sentiment is improving significantly. Previous Next 0.0 Dividend Strength Dividend YieldReNew Energy Global does not currently pay a dividend.Dividend GrowthReNew Energy Global does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for RNW. Previous Next 3.9 News and Social Media Coverage News SentimentReNew Energy Global has a news sentiment score of 1.10. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.93 average news sentiment score of Oils/Energy companies.News Coverage This WeekMarketBeat has tracked 14 news articles for ReNew Energy Global this week, compared to 3 articles on an average week.Search Interest4 people have searched for RNW on MarketBeat in the last 30 days. MarketBeat Follows4 people have added ReNew Energy Global to their MarketBeat watchlist in the last 30 days. Previous Next 0.8 Company Ownership Insider Buying vs. Insider SellingIn the past three months, ReNew Energy Global insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 8.65% of the stock of ReNew Energy Global is held by insiders.Percentage Held by Institutions43.56% of the stock of ReNew Energy Global is held by institutions. High institutional ownership can be a signal of strong market trust in this company.Read more about ReNew Energy Global's insider trading history. Previous Next 2.5 Earnings and Valuation Earnings GrowthEarnings for ReNew Energy Global are expected to grow by 633.33% in the coming year, from $0.03 to $0.22 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of ReNew Energy Global is 51.67, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 138.57.Price to Earnings Ratio vs. SectorThe P/E ratio of ReNew Energy Global is 51.67, which means that it is trading at a more expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 13.94.Price to Book Value per Share RatioReNew Energy Global has a P/B Ratio of 1.61. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.Read more about ReNew Energy Global's valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad Smallcaps DailyIt's time to ween off Chinese lithium!As the lithium rush continues, this small-cap NASDAQ-traded company may be one of the brightest and most promising companies to be watching closelyLearn how this American company is leading the lithium-ion revolution About ReNew Energy Global Stock (NASDAQ:RNW)ReNew Energy Global Plc generates power through non-conventional and renewable energy sources in India. The company operates through two segments: Wind Power and Solar Power. It develops, builds, owns, and operates utility scale wind and solar energy, hydro energy, and utility-scale firm power projects, as well as distributed solar energy projects that generate energy for commercial and industrial customers. The company provides engineering, procurement, and construction services; operation and maintenance services; consultancy services; and sells renewable energy certificates. ReNew Energy Global Plc was founded in 2011 and is based in London, the United Kingdom.Read More RNW Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart RNW Stock News HeadlinesJune 9 at 4:30 AM | americanbankingnews.comReNew Energy Global (NASDAQ:RNW) Stock Rating Reaffirmed by Roth MkmJune 8 at 6:34 AM | americanbankingnews.comReNew Energy Global (NASDAQ:RNW) Stock Price Down 4.3%June 6, 2024 | americanbankingnews.comReviewing CLP (OTCMKTS:CLPHY) & ReNew Energy Global (NASDAQ:RNW)June 5, 2024 | businesswire.comReNew Announces Results for the Fourth Quarter and Full Fiscal Year 2024: Reports PAT for FY24 and Provides Long Term OutlookJune 4, 2024 | americanbankingnews.comReNew Energy Global (RNW) Set to Announce Quarterly Earnings on WednesdayMay 28, 2024 | finance.yahoo.comReNew Announces Date and Conference Call Details for Fourth Quarter Earnings (Q4 FY24), Fiscal Year 2024 Results and Long-Term OutlookMay 27, 2024 | finance.yahoo.comIs It Too Late To Consider Buying ReNew Energy Global Plc (NASDAQ:RNW)?May 17, 2024 | msn.comRNW, BNRG, and AGR are among utility moversMay 15, 2024 | businesswire.comReNew and Societe Generale sign MoU for USD 1 Billion to broaden collaboration on energy transition projectsMay 15, 2024 | msn.comRenewable energy exceeds 30% of the global electricity supplyMay 14, 2024 | seekingalpha.comReNew Energy Global: Structural Growth Opportunities Clouded By DebtMay 9, 2024 | finance.yahoo.comReNew Signs 2.2 GW of PPAs Boosting its Clean Energy Portfolio to 15.6 GWMay 9, 2024 | investorplace.comRenewable Energy Risers: 3 Stocks Powering the Global Green ShiftMay 9, 2024 | msn.comRenewable Energy Sources Fulfilled 30% of Global Demand in 2023May 7, 2024 | reuters.comRenewables provided record 30% of global electricity in 2023, Ember saysApril 30, 2024 | finance.yahoo.comIs ReNew Energy Global Plc's (NASDAQ:RNW) 3.0% ROE Worse Than Average?April 18, 2024 | benzinga.comRTX Inks Largest Renewable Electricity Agreement: 'On Path To Achieve 2025 Goal'April 18, 2024 | marketwatch.comRTX Signs Renewable Electricity Deal for 12 Texas FacilitiesApril 18, 2024 | businesswire.comReNew partners with JERA to evaluate Joint Development of Green Ammonia Project in IndiaApril 16, 2024 | msn.comSeven countries now generate 100% of their electricity from renewable energyApril 16, 2024 | msn.comWind projects hit a record in 2023—but more power is needed to reach global renewable energy goalsApril 15, 2024 | forbes.comU.K.’s Renewable Energy Industry Gets A Vote Of Confidence From JapanApril 10, 2024 | businesswire.comReNew Crosses 10 GW of Gross Renewable Energy AssetsApril 4, 2024 | msn.comRenewable Energy Investment Not Enough to Reach Paris Climate TargetMarch 12, 2024 | msn.comHow Will Sarawak Achieve Being Major Renewable Energy Source for SEA?See More Headlines Receive RNW Stock News and Ratings via Email Sign-up to receive the latest news and ratings for ReNew Energy Global and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Last Earnings2/20/2024Today6/09/2024Next Earnings (Estimated)8/16/2024Fiscal Year End3/31/2025Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ SectorOils/Energy Industry Electric services Sub-IndustryN/A Current SymbolNASDAQ:RNW CUSIPN/A CIK1848763 Webwww.rmgacquisition.com Phone124-489-6670FaxN/AEmployees2,481Year FoundedN/APrice Target and Rating Average Stock Price Target$8.55 High Stock Price Target$10.00 Low Stock Price Target$7.00 Potential Upside/Downside+37.9%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage4 Analysts Profitability EPS (Most Recent Fiscal Year)$0.12 Trailing P/E Ratio51.67 Forward P/E Ratio206.67 P/E GrowthN/ANet Income$-58,000,000.00 Net Margins4.17% Pretax Margin8.46% Return on Equity3.36% Return on Assets0.48% Debt Debt-to-Equity Ratio4.65 Current Ratio0.73 Quick Ratio0.84 Sales & Book Value Annual Sales$1.16 billion Price / Sales2.00 Cash Flow$0.70 per share Price / Cash Flow8.86 Book Value$3.86 per share Price / Book1.61Miscellaneous Outstanding Shares373,040,000Free Float340,770,000Market Cap$2.31 billion OptionableOptionable Beta0.92 10 "Recession Proof" Stocks That Will Thrive in Any MarketWhich stocks are likely to thrive in today's challenging market? Click the link below and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.Get This Free Report Key ExecutivesMr. Sumant Sinha (Age 59)Founder, Chairman & CEO Comp: $1.73MMr. Kailash VaswaniChief Financial OfficerNathan JudgeInvestor Relations OfficerMr. Ashish Jain (Age 46)Company Secretary & Compliance Officer Mr. Vikash Jain (Age 46)Group President of Legal & CS Mr. Ajay TripathiChief Human Resources OfficerMs. Vaishali Nigam SinhaCofounder of ReNew & Chairperson of SustainabilityMr. Balram Mehta (Age 54)COO & Group President of ReNew Services Business Mr. Sanjay Varghese (Age 54)President of ReNew Projects Mr. Vikram KapurGroup President of Growth Business (Green Hydrogen, Carbon Credits, Digital) & InternationalMore ExecutivesKey CompetitorsPinnacle West CapitalNYSE:PNWBrookfield Renewable PartnersNYSE:BEPOGE EnergyNYSE:OGEBrookfield RenewableNYSE:BEPCClearway EnergyNYSE:CWENView All CompetitorsInstitutional OwnershipSwedbank ABBought 802,400 shares on 5/21/2024Ownership: 0.215%Tidal Investments LLCBought 2,924 shares on 5/17/2024Ownership: 0.023%Sylebra Capital LLCSold 164,184 shares on 5/16/2024Ownership: 0.656%Advisors Asset Management Inc.Sold 6,377 shares on 5/14/2024Ownership: 0.017%MQS Management LLCBought 28,556 shares on 5/14/2024Ownership: 0.008%View All Institutional Transactions RNW Stock Analysis - Frequently Asked Questions Should I buy or sell ReNew Energy Global stock right now? 4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for ReNew Energy Global in the last year. There are currently 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" RNW shares. View RNW analyst ratings or view top-rated stocks. What is ReNew Energy Global's stock price target for 2024? 4 brokers have issued 12 month target prices for ReNew Energy Global's stock. Their RNW share price targets range from $7.00 to $10.00. On average, they anticipate the company's share price to reach $8.55 in the next twelve months. This suggests a possible upside of 37.9% from the stock's current price. View analysts price targets for RNW or view top-rated stocks among Wall Street analysts. How have RNW shares performed in 2024? ReNew Energy Global's stock was trading at $7.66 at the start of the year. Since then, RNW shares have decreased by 19.1% and is now trading at $6.20. View the best growth stocks for 2024 here. When is ReNew Energy Global's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Friday, August 16th 2024. View our RNW earnings forecast. How were ReNew Energy Global's earnings last quarter? ReNew Energy Global Plc (NASDAQ:RNW) posted its earnings results on Tuesday, February, 20th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.14) by $0.01. The firm earned $232 million during the quarter, compared to analysts' expectations of $195.90 million. ReNew Energy Global had a trailing twelve-month return on equity of 3.36% and a net margin of 4.17%. During the same quarter in the prior year, the company posted ($0.15) earnings per share. What ETFs hold ReNew Energy Global's stock? ETFs with the largest weight of ReNew Energy Global (NASDAQ:RNW) stock in their portfolio include Global X Wind Energy ETF (WNDY), First Trust BICK Index Fund (BICK), Global X Renewable Energy Producers ETF (RNRG), Fidelity Clean Energy ETF (FRNW), SPDR S&P Kensho Clean Power ETF (CNRG), First Trust Global Wind Energy ETF (FAN), First Trust NASDAQ Clean Edge Green Energy Index Fund (QCLN) and USCF Sustainable Commodity Strategy Fund (ZSC). Who are ReNew Energy Global's major shareholders? ReNew Energy Global's stock is owned by many different institutional and retail investors. Top institutional investors include Sylebra Capital LLC (0.66%), Picton Mahoney Asset Management (0.31%), Van ECK Associates Corp (0.27%), Swedbank AB (0.22%), Healthcare of Ontario Pension Plan Trust Fund (0.07%) and Mirae Asset Global Investments Co. Ltd. (0.05%). How do I buy shares of ReNew Energy Global? Shares of RNW stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here. This page (NASDAQ:RNW) was last updated on 6/10/2024 by MarketBeat.com Staff From Our PartnersIt's time to ween off Chinese lithium!As the lithium rush continues, this small-cap NASDAQ-traded company may be one of the brightest and most promi...Smallcaps Daily | SponsoredTop 5 Tech Stocks to Buy for 2024The next evolution of technology is already upending industries worth $7 Trillion… It's already got the world'...Daily Market Alerts | SponsoredTop 5 AI Stocks to Buy for 2024The electric vehicle boom is accelerating – and fast.Market Moving Trends | SponsoredNo Strings Attached: Get 30 Days of Hedgeye’s Top Stock Picks for FreeOptimize your stock investing strategy with Hedgeye's Investing Ideas, where rigorous fundamental stock analys...Hedgeye | SponsoredThe Only Energy Play You Should Be Looking AtOpen AI’s Sam Altman recently helped this company raise $577 million in funding… What’s more is, It has alr...Wealthpin Pro | SponsoredWrite this ticker symbol down…A megatrend now poised to mint a brand-new wave of millionaires right here in America. 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