NASDAQ:RNW ReNew Energy Global (RNW) Stock Forecast, Price & News $5.66 -0.07 (-1.22%) (As of 09/25/2023 ET) Add Compare Share Share Today's Range$5.58▼$5.7450-Day Range$5.54▼$6.4152-Week Range$4.03▼$6.86Volume433,567 shsAverage Volume813,790 shsMarket Capitalization$2.11 billionP/E RatioN/ADividend YieldN/APrice Target$7.88 ProfileProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media ReNew Energy Global MarketRank™ ForecastAnalyst RatingBuy3.00 Rating ScoreUpside/Downside39.1% Upside$7.88 Price TargetShort InterestHealthy2.16% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.82Based on 3 Articles This WeekInsider TradingN/AProj. Earnings GrowthGrowingFrom ($0.10) to $0.22 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.11 out of 5 starsOils/Energy Sector145th out of 245 stocksElectric Services Industry33rd out of 41 stocks 3.5 Analyst's Opinion Consensus RatingReNew Energy Global has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $7.88, ReNew Energy Global has a forecasted upside of 39.1% from its current price of $5.66.Amount of Analyst CoverageReNew Energy Global has only been the subject of 1 research reports in the past 90 days. Previous Next 4.0 Short Interest Percentage of Shares Shorted2.16% of the float of ReNew Energy Global has been sold short.Short Interest Ratio / Days to CoverReNew Energy Global has a short interest ratio ("days to cover") of 5.Change versus previous monthShort interest in ReNew Energy Global has recently decreased by 8.15%, indicating that investor sentiment is improving significantly. Previous Next 0.0 Dividend Strength Dividend YieldReNew Energy Global does not currently pay a dividend.Dividend GrowthReNew Energy Global does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for RNW. Previous Next 3.2 News and Social Media Coverage News SentimentReNew Energy Global has a news sentiment score of 0.82. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.67 average news sentiment score of Oils/Energy companies.News Coverage This WeekMarketBeat has tracked 3 news articles for ReNew Energy Global this week, compared to 2 articles on an average week.Search InterestOnly 3 people have searched for RNW on MarketBeat in the last 30 days. This is a decrease of -75% compared to the previous 30 days.MarketBeat Follows4 people have added ReNew Energy Global to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days. Previous Next 0.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, ReNew Energy Global insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 8.65% of the stock of ReNew Energy Global is held by insiders.Percentage Held by InstitutionsOnly 38.25% of the stock of ReNew Energy Global is held by institutions. Previous Next 0.6 Earnings and Valuation Earnings GrowthEarnings for ReNew Energy Global are expected to grow in the coming year, from ($0.10) to $0.22 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of ReNew Energy Global is -62.88, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of ReNew Energy Global is -62.88, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Book Value per Share RatioReNew Energy Global has a P/B Ratio of 1.47. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About ReNew Energy Global (NASDAQ:RNW) StockReNew 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. The company provides engineering, procurement, and construction services; operation and maintenance services; consultancy services; and sells renewable energy certificates. ReNew Energy Global Plc was founded in 2011 and is based in London, the United Kingdom.Read More RNW Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart RNW Stock News HeadlinesSeptember 25, 2023 | markets.businessinsider.comBeware! 7 Energy Stocks Waving Massive Red Flags Right NowSeptember 21, 2023 | seekingalpha.comReNew Energy: Potentially Differentiated Offerings, Not Investment Grade Just YetSeptember 25, 2023 | Legacy Research (Ad)WARNING: Mandatory U.S. Dollar Recall is Weeks AwayIf you have any U.S. dollars in your bank account… You must see this shocking video exposing the government’s new plan to recall the U.S. dollar. According to Business Insider, this recall “could be imminent.” And if you don’t prepare now, you could end up holding a bunch of worthless U.S. dollars.September 19, 2023 | finance.yahoo.comUSISPF, ReNew and the Consulate General of India Bring Together Business and Government Leaders to Discuss U.S.- India Climate PartnershipSeptember 18, 2023 | finance.yahoo.comReNew Announces Clinton Global Initiative Commitment to Business-Driven Clean Energy and Education in IndiaSeptember 10, 2023 | washingtonpost.comWhat Happens When Renewable Energy Isn’t So Cheap?September 8, 2023 | marketwatch.comReNew Energy Global Chief Financial Officer Kedar Upadhye ResignsSeptember 7, 2023 | finance.yahoo.comReNew Appoints Kailash Vaswani as Chief Financial OfficerSeptember 25, 2023 | Legacy Research (Ad)WARNING: Mandatory U.S. Dollar Recall is Weeks AwayIf you have any U.S. dollars in your bank account… You must see this shocking video exposing the government’s new plan to recall the U.S. dollar. According to Business Insider, this recall “could be imminent.” And if you don’t prepare now, you could end up holding a bunch of worthless U.S. dollars.August 22, 2023 | markets.businessinsider.comWhere ReNew Energy Glb Stands With AnalystsAugust 22, 2023 | insidermonkey.comReNew Energy Global Plc (NASDAQ:RNW) Q1 2023 Earnings Call TranscriptAugust 21, 2023 | seekingalpha.comReNew Energy Global Plc 2024 Q1 - Results - Earnings Call PresentationAugust 18, 2023 | finance.yahoo.comReNew Announces Results for the First Quarter (Q1 FY24) and Fiscal 2024 Ended June 30, 2023August 14, 2023 | finance.yahoo.comReNew Announces Date and Conference Call Details for Q1 FY 24 Earnings ReportAugust 11, 2023 | msn.comCanada’s Green Future: Riding the Wave of Renewable Energy StocksAugust 11, 2023 | msn.comVt. renewable energy manufacturer awarded for excellence in global exportingAugust 2, 2023 | finance.yahoo.comReNew Energy Global Plc to hold its second Annual General Meeting on September 12, 2023July 31, 2023 | finance.yahoo.comReNew Energy Global Plc Files its Annual Report on Form 20-F for Financial Year Ended March 31, 2023July 29, 2023 | finance.yahoo.comFurther weakness as ReNew Energy Global (NASDAQ:RNW) drops 5.0% this week, taking one-year losses to 11%July 27, 2023 | finance.yahoo.comReNew and Gentari announce strategic collaboration for 5 GW renewable capacity in IndiaJuly 24, 2023 | finance.yahoo.comReNew Announces Appointment of Three Independent DirectorsJuly 21, 2023 | marketwatch.comUtilities Up on Renewable-Energy Enthusiasm -- Utilities RoundupJuly 21, 2023 | benzinga.comReNew Pens MoUs For ~$7.8B Debt Funding For Green Energy ProjectsJuly 21, 2023 | finance.yahoo.comReNew Signs MoUs for INR 640 Billion (~US $7.8 bn) for Green Energy ProjectsJuly 17, 2023 | oilprice.comWhat Does America’s Renewable Revolution Mean For Fossil Fuel Workers?July 12, 2023 | msn.comCredit Suisse Downgrades ReNew Energy Global plc - (RNW)July 6, 2023 | msn.comReNew Energy Global plc - (RNW) Price Target Decreased by 5.31% to 8.13See More Headlines Receive RNW Stock News and Ratings via Email Sign-up to receive the latest news and ratings for ReNew Energy Global and its competitors with MarketBeat's FREE daily newsletter. Email Address RNW Company Calendar Last Earnings8/18/2023Today9/25/2023Next Earnings (Estimated)11/21/2023Fiscal Year End3/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Electric services Sub-IndustryN/A SectorOils/Energy Current SymbolNASDAQ:RNW CUSIPN/A CIK1848763 Webwww.rmgacquisition.com Phone124-489-6670FaxN/AEmployees2,481Year FoundedN/APrice Target and Rating Average Stock Price Forecast$7.88 High Stock Price Forecast$8.75 Low Stock Price Forecast$7.00 Forecasted Upside/Downside+39.1%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage2 Analysts Profitability EPS (Most Recent Fiscal Year)($0.09) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-58,000,000.00 Net Margins-2.21% Pretax Margin0.92% Return on Equity-1.65% Return on Assets-0.27% Debt Debt-to-Equity Ratio3.96 Current Ratio0.77 Quick Ratio0.75 Sales & Book Value Annual Sales$1.09 billion Price / Sales1.94 Cash Flow$0.35 per share Price / Cash Flow16.19 Book Value$3.86 per share Price / Book1.47Miscellaneous Outstanding Shares373,040,000Free Float340,770,000Market Cap$2.11 billion OptionableOptionable Beta0.74 7 Energy Stocks to Buy and Hold ForeverDo you expect the global demand for energy to shrink?! If not, it's time to take a look at how energy stocks can play a part in your portfolio.Get This Free Report Key ExecutivesMr. Sumant Sinha (Age 57)Founder, Chairman & CEO Comp: $1.73MMr. Kedar Upadhye CS (Age 46)MBA, Group Chief Financial Officer Mr. Kailash VaswaniPres of Corp. Fin.Nathan JudgeInvestor Relations OfficerMr. Ashish Jain (Age 45)Company Sec. & Compliance Officer Mr. Vikash Jain (Age 45)Group Pres of Legal & CS Mr. Ajay TripathiChief HR OfficerMs. Vaishali Nigam SinhaCofounder of ReNew & Chairperson of SustainabilityMr. Balram Mehta (Age 52)Group Pres of ReNew Services Bus. Mr. Mayank Bansal (Age 45)Group Pres of India RE Bus. More ExecutivesKey CompetitorsEnlight Renewable EnergyNASDAQ:ENLTAtlantica Sustainable InfrastructureNASDAQ:AYCentral PuertoNYSE:CEPUAltus PowerNYSE:AMPSOrmat TechnologiesNYSE:ORAView All CompetitorsInstitutional OwnershipCUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENTBought 14,550 shares on 8/15/2023Ownership: 0.196%Boothbay Fund Management LLCSold 15,629 shares on 8/15/2023Ownership: 0.034%Goldman Sachs Group Inc.Sold 3,154 shares on 8/15/2023Ownership: 0.007%Lazard Asset Management LLCBought 23,263 shares on 8/15/2023Ownership: 0.006%Rockefeller Capital Management L.P.Sold 8,600 shares on 8/15/2023Ownership: 0.004%View All Institutional Transactions RNW Stock - Frequently Asked Questions Should I buy or sell ReNew Energy Global stock right now? 2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for ReNew Energy Global in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" RNW shares. View RNW analyst ratings or view top-rated stocks. What is ReNew Energy Global's stock price forecast for 2023? 2 brokers have issued 12-month price objectives for ReNew Energy Global's stock. Their RNW share price forecasts range from $7.00 to $8.75. On average, they predict the company's stock price to reach $7.88 in the next twelve months. This suggests a possible upside of 39.1% from the stock's current price. View analysts price targets for RNW or view top-rated stocks among Wall Street analysts. How have RNW shares performed in 2023? ReNew Energy Global's stock was trading at $5.50 on January 1st, 2023. Since then, RNW shares have increased by 2.9% and is now trading at $5.66. View the best growth stocks for 2023 here. When is ReNew Energy Global's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 21st 2023. View our RNW earnings forecast. How were ReNew Energy Global's earnings last quarter? ReNew Energy Global Plc (NASDAQ:RNW) posted its quarterly earnings data on Friday, August, 18th. The company reported $0.09 EPS for the quarter, hitting the consensus estimate of $0.09. The firm had revenue of $300 million for the quarter, compared to the consensus estimate of $305.20 million. ReNew Energy Global had a negative trailing twelve-month return on equity of 1.65% and a negative net margin of 2.21%. What ETFs hold ReNew Energy Global's stock? ETFs with the largest weight of ReNew Energy Global (NASDAQ:RNW) stock in their portfolio include Global X Wind Energy ETF (WNDY), First Trust BICK Index Fund (BICK), Fidelity Clean Energy ETF (FRNW), Invesco WilderHill Clean Energy ETF (PBW), SPDR S&P Kensho Clean Power ETF (CNRG), Global X Renewable Energy Producers ETF (RNRG), First Trust Global Wind Energy ETF (FAN) and First Trust NASDAQ Clean Edge Green Energy Index Fund (QCLN). What is ReNew Energy Global's stock symbol? ReNew Energy Global trades on the NASDAQ under the ticker symbol "RNW." Who are ReNew Energy Global's major shareholders? ReNew Energy Global's stock is owned by a variety of retail and institutional investors. Top institutional investors include abrdn plc (2.08%), BlackRock Inc. (1.05%), Zimmer Partners LP (0.86%), Sylebra Capital Ltd (0.69%), Kayne Anderson Capital Advisors LP (0.57%) and Van ECK Associates Corp (0.36%). How do I buy shares of ReNew Energy Global? Shares of RNW stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here. What is ReNew Energy Global's stock price today? One share of RNW stock can currently be purchased for approximately $5.66. How much money does ReNew Energy Global make? ReNew Energy Global (NASDAQ:RNW) has a market capitalization of $2.11 billion and generates $1.09 billion in revenue each year. The company earns $-58,000,000.00 in net income (profit) each year or ($0.09) on an earnings per share basis. How many employees does ReNew Energy Global have? The company employs 2,481 workers across the globe. How can I contact ReNew Energy Global? ReNew Energy Global's mailing address is 50 WEST STREET SUITE 40C, NEW YORK NY, 10006. The official website for the company is www.rmgacquisition.com. The company can be reached via phone at 124-489-6670 or via email at pkassin@rmginvestments.com. This page (NASDAQ:RNW) was last updated on 9/25/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding ReNew Energy Global Plc Please log in to your account or sign up in order to add this asset to your watchlist. 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