ReNew Energy Global Plc (NASDAQ:RNW - Free Report) - Equities research analysts at Roth Capital dropped their Q2 2025 EPS estimates for ReNew Energy Global in a report issued on Wednesday, April 10th. Roth Capital analyst J. Clare now expects that the company will earn $0.09 per share for the quarter, down from their prior forecast of $0.11. Roth Capital also issued estimates for ReNew Energy Global's FY2026 earnings at $0.20 EPS.
Several other analysts have also issued reports on RNW. Roth Mkm dropped their target price on shares of ReNew Energy Global from $9.00 to $8.00 and set a "buy" rating on the stock in a research report on Thursday. Mizuho lifted their target price on shares of ReNew Energy Global from $8.00 to $10.00 and gave the company a "buy" rating in a research report on Wednesday, January 3rd. Finally, The Goldman Sachs Group lifted their target price on shares of ReNew Energy Global from $7.00 to $8.00 and gave the company a "buy" rating in a research report on Wednesday, December 20th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $8.35.
View Our Latest Stock Report on RNW
ReNew Energy Global Stock Performance
Shares of NASDAQ:RNW traded down $0.24 during midday trading on Friday, reaching $5.61. The company's stock had a trading volume of 1,117,304 shares, compared to its average volume of 589,535. The firm has a market capitalization of $2.09 billion, a PE ratio of 56.20 and a beta of 0.91. The company has a quick ratio of 0.84, a current ratio of 0.85 and a debt-to-equity ratio of 4.57. The stock has a fifty day moving average of $6.26 and a 200 day moving average of $6.33. ReNew Energy Global has a twelve month low of $4.78 and a twelve month high of $7.79.
ReNew Energy Global (NASDAQ:RNW - Get Free Report) last released its quarterly earnings data on Tuesday, February 20th. The company reported ($0.15) earnings per share for the quarter, missing analysts' consensus estimates of ($0.14) by ($0.01). The business had revenue of $232.00 million during the quarter, compared to analyst estimates of $195.90 million. ReNew Energy Global had a return on equity of 2.96% and a net margin of 3.61%. During the same quarter in the previous year, the company earned ($0.15) EPS.
Institutional Investors Weigh In On ReNew Energy Global
A number of institutional investors have recently made changes to their positions in RNW. State of Wyoming acquired a new position in shares of ReNew Energy Global in the fourth quarter valued at approximately $28,000. Quantbot Technologies LP grew its holdings in shares of ReNew Energy Global by 556.4% in the second quarter. Quantbot Technologies LP now owns 4,595 shares of the company's stock valued at $29,000 after purchasing an additional 3,895 shares in the last quarter. Pale Fire Capital SE acquired a new position in shares of ReNew Energy Global in the third quarter valued at approximately $54,000. Citigroup Inc. acquired a new position in shares of ReNew Energy Global in the second quarter valued at approximately $55,000. Finally, Legal & General Group Plc grew its holdings in ReNew Energy Global by 287.0% during the 3rd quarter. Legal & General Group Plc now owns 10,677 shares of the company's stock worth $58,000 after acquiring an additional 7,918 shares in the last quarter. 43.56% of the stock is currently owned by institutional investors and hedge funds.
ReNew Energy Global Company Profile
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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.
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