RNW vs. AY, ENLT, CEPU, NEP, AMPS, ORA, BEPC, CWEN, KGS, and XPRO
Should you be buying ReNew Energy Global stock or one of its competitors? The main competitors of ReNew Energy Global include Atlantica Sustainable Infrastructure (AY), Enlight Renewable Energy (ENLT), Central Puerto (CEPU), NextEra Energy Partners (NEP), Altus Power (AMPS), Ormat Technologies (ORA), Brookfield Renewable (BEPC), Clearway Energy (CWEN), Kodiak Gas Services (KGS), and Expro Group (XPRO). These companies are all part of the "oils/energy" sector.
ReNew Energy Global (NASDAQ:RNW) and Atlantica Sustainable Infrastructure (NASDAQ:AY) are both mid-cap oils/energy companies, but which is the better stock? We will compare the two businesses based on the strength of their analyst recommendations, community ranking, valuation, earnings, dividends, institutional ownership, media sentiment, risk and profitability.
Atlantica Sustainable Infrastructure has higher revenue and earnings than ReNew Energy Global. Atlantica Sustainable Infrastructure is trading at a lower price-to-earnings ratio than ReNew Energy Global, indicating that it is currently the more affordable of the two stocks.
ReNew Energy Global has a beta of 0.91, suggesting that its stock price is 9% less volatile than the S&P 500. Comparatively, Atlantica Sustainable Infrastructure has a beta of 0.94, suggesting that its stock price is 6% less volatile than the S&P 500.
ReNew Energy Global currently has a consensus price target of $8.35, indicating a potential upside of 38.94%. Atlantica Sustainable Infrastructure has a consensus price target of $23.13, indicating a potential upside of 0.76%. Given ReNew Energy Global's stronger consensus rating and higher possible upside, analysts clearly believe ReNew Energy Global is more favorable than Atlantica Sustainable Infrastructure.
In the previous week, Atlantica Sustainable Infrastructure had 3 more articles in the media than ReNew Energy Global. MarketBeat recorded 13 mentions for Atlantica Sustainable Infrastructure and 10 mentions for ReNew Energy Global. Atlantica Sustainable Infrastructure's average media sentiment score of 1.02 beat ReNew Energy Global's score of 1.00 indicating that Atlantica Sustainable Infrastructure is being referred to more favorably in the news media.
43.6% of ReNew Energy Global shares are held by institutional investors. Comparatively, 40.5% of Atlantica Sustainable Infrastructure shares are held by institutional investors. 8.7% of ReNew Energy Global shares are held by insiders. Comparatively, 0.1% of Atlantica Sustainable Infrastructure shares are held by insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a stock is poised for long-term growth.
Atlantica Sustainable Infrastructure has a net margin of 4.43% compared to ReNew Energy Global's net margin of 3.61%. ReNew Energy Global's return on equity of 2.96% beat Atlantica Sustainable Infrastructure's return on equity.
Atlantica Sustainable Infrastructure received 433 more outperform votes than ReNew Energy Global when rated by MarketBeat users. Likewise, 63.68% of users gave Atlantica Sustainable Infrastructure an outperform vote while only 42.42% of users gave ReNew Energy Global an outperform vote.
Summary
Atlantica Sustainable Infrastructure beats ReNew Energy Global on 11 of the 18 factors compared between the two stocks.
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This chart shows the number of new MarketBeat users adding RNW and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
This chart shows the average media sentiment of NASDAQ and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
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