Roth Capital Has Negative Outlook for RNW FY2026 Earnings

ReNew Energy Global PLC (NASDAQ:RNW - Free Report) - Investment analysts at Roth Capital lowered their FY2026 earnings per share estimates for shares of ReNew Energy Global in a research report issued to clients and investors on Thursday, August 14th. Roth Capital analyst J. Clare now forecasts that the company will post earnings per share of $0.26 for the year, down from their prior 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 (NASDAQ:RNW - Get Free Report) last released its quarterly earnings results on Wednesday, August 13th. The company reported $0.16 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.11 by $0.05. The firm had revenue of $480.35 million for the quarter, compared to the consensus estimate of $32.46 billion. ReNew Energy Global had a return on equity of 8.34% and a net margin of 5.77%.

ReNew Energy Global Stock Performance

NASDAQ:RNW traded up $0.0450 during mid-day trading on Monday, reaching $7.7150. 230,172 shares of the stock were exchanged, compared to its average volume of 965,053. The company has a 50 day simple moving average of $7.36 and a 200-day simple moving average of $6.73. The stock has a market capitalization of $2.80 billion, a P/E ratio of 24.14 and a beta of 0.89. The company has a quick ratio of 0.73, a current ratio of 0.77 and a debt-to-equity ratio of 4.42. ReNew Energy Global has a 1 year low of $5.15 and a 1 year high of $7.89.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Point72 Asset Management L.P. purchased a new position in shares of ReNew Energy Global in the 4th quarter valued at approximately $25,000. BNP Paribas Financial Markets purchased a new position in shares of ReNew Energy Global in the 4th quarter valued at approximately $25,000. Quantbot Technologies LP purchased a new position in shares of ReNew Energy Global in the 2nd quarter valued at approximately $29,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of ReNew Energy Global in the 4th quarter valued at approximately $52,000. Finally, Evergreen Capital Management LLC purchased a new position in shares of ReNew Energy Global in the 2nd quarter valued at approximately $74,000. Hedge funds and other institutional investors 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.