Roth Capital Issues Negative Outlook for RNW Earnings

ReNew Energy Global PLC (NASDAQ:RNW - Free Report) - Analysts at Roth Capital lowered their Q3 2026 earnings per share estimates for ReNew Energy Global in a research report issued to clients and investors on Monday, June 16th. Roth Capital analyst J. Clare now expects that the company will post earnings per share of ($0.07) for the quarter, down from their previous estimate of ($0.05). The consensus estimate for ReNew Energy Global's current full-year earnings is $0.15 per share.

Separately, Roth Mkm reduced their target price on shares of ReNew Energy Global from $8.00 to $7.50 and set a "buy" rating for the company in a report on Friday, February 21st.

ReNew Energy Global Trading Down 1.2%

Shares of ReNew Energy Global stock opened at $6.70 on Thursday. The company has a debt-to-equity ratio of 4.44, a quick ratio of 0.59 and a current ratio of 0.60. The company has a market capitalization of $2.43 billion, a P/E ratio of 41.88 and a beta of 0.89. ReNew Energy Global has a 1 year low of $5.15 and a 1 year high of $7.49. The company's fifty day moving average is $6.60 and its two-hundred day moving average is $6.51.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Point72 Asset Management L.P. purchased a new position in ReNew Energy Global in the 4th quarter valued at $25,000. BNP Paribas Financial Markets acquired a new stake in shares of ReNew Energy Global in the 4th quarter worth $25,000. Summit Securities Group LLC purchased a new stake in shares of ReNew Energy Global in the fourth quarter valued at about $34,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of ReNew Energy Global during the fourth quarter worth about $52,000. Finally, Signaturefd LLC purchased a new position in ReNew Energy Global during the fourth quarter worth about $65,000. Institutional investors and hedge funds own 43.56% of the company's stock.

ReNew Energy Global Company Profile

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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