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NASDAQ:RNW

ReNew Energy Global (RNW) Stock Price, News & Analysis

$6.47
+0.07 (+1.09%)
(As of 02/23/2024 ET)
Today's Range
$6.29
$6.48
50-Day Range
$6.24
$7.66
52-Week Range
$4.03
$7.79
Volume
421,052 shs
Average Volume
486,234 shs
Market Capitalization
$2.41 billion
P/E Ratio
64.70
Dividend Yield
N/A
Price Target
$8.55

ReNew Energy Global MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
32.1% Upside
$8.55 Price Target
Short Interest
Healthy
2.66% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.34mentions of ReNew Energy Global in the last 14 days
Based on 19 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
N/A

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.42 out of 5 stars

Oils/Energy Sector

163rd out of 239 stocks

Electric Services Industry

32nd out of 40 stocks


RNW stock logo

About ReNew Energy Global Stock (NASDAQ:RNW)

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. 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.

RNW Stock Price History

RNW Stock News Headlines

This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
ReNew Energy Glb: Q3 Earnings Insights
My wife was skeptical... until I showed her my account balance.
The Fed just created the single greatest income opportunity I've seen in nearly 20 years. I've put more than $1M of my own money into it. And plan to add another million! I even suggested my wife put her savings into it.    
Earnings Preview: ReNew Energy Glb
ReNew Energy Global (RNW) to Release Quarterly Earnings on Tuesday
ReNew Energy Global Plc (NASDAQ:RNW) Short Interest Update
TAN: Madness But Signs Of Life
See More Headlines
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Company Calendar

Last Earnings
2/20/2024
Today
2/23/2024
Fiscal Year End
3/31/2024
Next Earnings (Estimated)
6/04/2024

Industry, Sector and Symbol

Industry
Electric services
Sub-Industry
N/A
Current Symbol
NASDAQ:RNW
Fax
N/A
Employees
2,481
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$8.55
High Stock Price Target
$10.00
Low Stock Price Target
$7.00
Potential Upside/Downside
+32.6%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
5 Analysts

Profitability

Net Income
$-58,000,000.00
Pretax Margin
5.37%

Debt

Sales & Book Value

Annual Sales
$1.09 billion
Cash Flow
$0.37 per share
Book Value
$3.88 per share

Miscellaneous

Free Float
340,770,000
Market Cap
$2.41 billion
Optionable
Optionable
Beta
0.96
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Key Executives

  • Mr. Sumant Sinha (Age 59)
    Founder, Chairman & CEO
    Comp: $1.73M
  • Mr. Kailash Vaswani
    Chief Financial Officer
  • Nathan Judge
    Investor Relations Officer
  • Mr. Ashish Jain (Age 46)
    Company Secretary & Compliance Officer
  • Mr. Vikash Jain (Age 46)
    Group President of Legal & CS
  • Mr. Ajay Tripathi
    Chief Human Resources Officer
  • Ms. Vaishali Nigam Sinha
    Cofounder of ReNew & Chairperson of Sustainability
  • Mr. Balram Mehta (Age 53)
    Group President of ReNew Services Business
  • Mr. Mayank Bansal (Age 46)
    Group President of India RE Business
  • Mr. Sanjay Varghese (Age 54)
    President of ReNew Projects














RNW Stock Analysis - Frequently Asked Questions

Should I buy or sell ReNew Energy Global stock right now?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for ReNew Energy Global in the last twelve months. There are currently 5 buy ratings for the stock. The consensus among Wall Street 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 target for 2024?

5 Wall Street analysts have issued 1-year target prices for ReNew Energy Global's stock. Their RNW share price targets range from $7.00 to $10.00. On average, they anticipate the company's share price to reach $8.55 in the next year. This suggests a possible upside of 32.1% 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 2024?

ReNew Energy Global's stock was trading at $7.66 on January 1st, 2024. Since then, RNW shares have decreased by 15.5% and is now trading at $6.47.
View the best growth stocks for 2024 here
.

Are investors shorting ReNew Energy Global?

ReNew Energy Global saw a decline in short interest during the month of January. As of January 31st, there was short interest totaling 3,930,000 shares, a decline of 7.7% from the January 15th total of 4,260,000 shares. Based on an average daily volume of 557,800 shares, the days-to-cover ratio is currently 7.0 days. Approximately 2.7% of the shares of the company are short sold.
View ReNew Energy Global's Short Interest
.

When is ReNew Energy Global's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, June 4th 2024.
View our RNW earnings forecast
.

How were ReNew Energy Global's earnings last quarter?

ReNew Energy Global Plc (NASDAQ:RNW) announced its quarterly earnings results on Tuesday, February, 20th. The company reported ($0.15) earnings per share for the quarter, missing the consensus estimate of ($0.14) by $0.01. The company earned $232 million during the quarter, compared to analysts' expectations of $195.90 million. ReNew Energy Global had a net margin of 3.61% and a trailing twelve-month return on equity of 2.96%. During the same quarter last year, the business posted ($0.15) earnings per share.

Who are ReNew Energy Global's major shareholders?

ReNew Energy Global's stock is owned by many different retail and institutional investors. Top institutional investors include Rubric Capital Management LP (2.79%), abrdn plc (1.39%), Sylebra Capital LLC (0.70%), First Trust Advisors LP (0.42%), Van ECK Associates Corp (0.32%) and Picton Mahoney Asset Management (0.27%).

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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:RNW) was last updated on 2/23/2024 by MarketBeat.com Staff