ReNew Energy Global PLC (NASDAQ:RNW - Free Report) - Investment analysts at Roth Capital reduced their FY2026 earnings per share (EPS) estimates for ReNew Energy Global in a note issued to investors on Thursday, August 14th. Roth Capital analyst J. Clare now forecasts that the company will earn $0.26 per share for the year, down from their previous forecast of $0.33. 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 FY2027 earnings at $0.35 EPS.
ReNew Energy Global Stock Performance
Shares of RNW stock traded down $0.0350 during trading on Monday, hitting $7.6750. The company's stock had a trading volume of 290,074 shares, compared to its average volume of 968,732. The company has a market cap of $2.78 billion, a PE ratio of 24.05 and a beta of 0.89. The company has a current ratio of 0.77, a quick ratio of 0.73 and a debt-to-equity ratio of 4.42. The business has a fifty day moving average of $7.34 and a 200-day moving average of $6.72. ReNew Energy Global has a 52 week low of $5.15 and a 52 week high of $7.89.
ReNew Energy Global (NASDAQ:RNW - Get Free Report) last released its earnings results on Wednesday, August 13th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.05. The company had revenue of $480.35 million during the quarter, compared to analyst estimates of $32.46 billion. ReNew Energy Global had a return on equity of 8.34% and a net margin of 5.77%.
Hedge Funds Weigh In On ReNew Energy Global
Institutional investors have recently modified their holdings of the business. Point72 Asset Management L.P. bought a new position in shares of ReNew Energy Global in the fourth quarter valued at approximately $25,000. BNP Paribas Financial Markets bought a new position in ReNew Energy Global during the fourth quarter valued at $25,000. Quantbot Technologies LP bought a new position in ReNew Energy Global during the second quarter valued at $29,000. Point72 Asia Singapore Pte. Ltd. bought a new position in ReNew Energy Global during the fourth quarter valued at $52,000. Finally, Evergreen Capital Management LLC bought a new position in ReNew Energy Global during the second quarter valued at $74,000. 43.56% of the stock is owned by institutional investors.
About ReNew Energy Global
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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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