Q1 EPS Estimate for ReNew Energy Global Decreased by Analyst

ReNew Energy Global PLC (NASDAQ:RNW - Free Report) - Equities researchers at Roth Capital decreased their Q1 2026 EPS estimates for shares of ReNew Energy Global in a research report issued to clients and investors on Monday, June 16th. Roth Capital analyst J. Clare now anticipates that the company will post earnings of $0.15 per share for the quarter, down from their previous estimate of $0.17. The consensus estimate for ReNew Energy Global's current full-year earnings is $0.15 per share. Roth Capital also issued estimates for ReNew Energy Global's Q2 2026 earnings at $0.24 EPS, Q4 2026 earnings at $0.01 EPS, FY2026 earnings at $0.33 EPS and FY2027 earnings at $0.36 EPS.

Separately, Roth Mkm cut their price objective on shares of ReNew Energy Global from $8.00 to $7.50 and set a "buy" rating on the stock in a research report on Friday, February 21st.

ReNew Energy Global Stock Down 2.2%

Shares of ReNew Energy Global stock traded down $0.15 on Wednesday, reaching $6.55. The stock had a trading volume of 1,323,213 shares, compared to its average volume of 975,347. The company has a 50 day moving average price of $6.63 and a 200 day moving average price of $6.52. The company has a quick ratio of 0.59, a current ratio of 0.60 and a debt-to-equity ratio of 4.44. ReNew Energy Global has a 1 year low of $5.15 and a 1 year high of $7.49. The stock has a market capitalization of $2.38 billion, a P/E ratio of 40.94 and a beta of 0.89.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of RNW. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC purchased a new position in shares of ReNew Energy Global in the 1st quarter worth approximately $34,651,000. Franklin Resources Inc. grew its position in ReNew Energy Global by 191.4% during the 4th quarter. Franklin Resources Inc. now owns 5,693,312 shares of the company's stock worth $38,885,000 after purchasing an additional 3,739,645 shares during the last quarter. Walleye Capital LLC purchased a new stake in ReNew Energy Global during the 4th quarter worth approximately $19,302,000. Millennium Management LLC increased its stake in ReNew Energy Global by 22.9% during the 1st quarter. Millennium Management LLC now owns 6,351,699 shares of the company's stock valued at $37,412,000 after purchasing an additional 1,182,123 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D acquired a new position in ReNew Energy Global during the 4th quarter valued at approximately $4,436,000. Hedge funds and other institutional investors own 43.56% of the company's stock.

About ReNew Energy Global

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.