NASDAQ:RNW

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

$5.66

-0.07 (-1.22%)

(As of 09/25/2023 ET)

Compare

Today's Range: $5.58
▼
$5.74
50-Day Range: $5.54
▼
$6.41
52-Week Range: $4.03
▼
$6.86

Volume: 433,567 shs
Average Volume: 813,790 shs
Market Capitalization: $2.11 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $7.88

ReNew Energy Global MarketRank™ Forecast

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 39.1% Upside
$7.88 Price Target
Short Interest: Healthy
2.16% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.82
Based on 3 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: Growing
From ($0.10) to $0.22 Per Share

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 stars

Oils/Energy Sector

145th out of 245 stocks

Electric Services Industry

33rd out of 41 stocks

3.5

Analyst's Opinion

Consensus Rating
ReNew 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/Downside
According 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 Coverage
ReNew Energy Global has only been the subject of 1 research reports in the past 90 days.

4.0

Short Interest

Percentage of Shares Shorted
2.16% of the float of ReNew Energy Global has been sold short.
Short Interest Ratio / Days to Cover
ReNew Energy Global has a short interest ratio ("days to cover") of 5.
Change versus previous month
Short interest in ReNew Energy Global has recently decreased by 8.15%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

Dividend Yield
ReNew Energy Global does not currently pay a dividend.
Dividend Growth
ReNew Energy Global does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for RNW.

3.2

News and Social Media Coverage

News Sentiment
ReNew 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 Week
MarketBeat has tracked 3 news articles for ReNew Energy Global this week, compared to 2 articles on an average week.
Search Interest
Only 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 Follows
4 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.

0.0

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, ReNew Energy Global insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 8.65% of the stock of ReNew Energy Global is held by insiders.
Percentage Held by Institutions
Only 38.25% of the stock of ReNew Energy Global is held by institutions.

0.6

Earnings and Valuation

Earnings Growth
Earnings 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 Market
The 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. Sector
The 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 Ratio
ReNew 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.

See Top Rated MarketRank™ Stocks Here

About ReNew Energy Global (NASDAQ:RNW) Stock

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 Price History

30 days | 90 days | 365 days | Advanced Chart

RNW Stock News Headlines

September 25, 2023 | markets.businessinsider.com

Beware! 7 Energy Stocks Waving Massive Red Flags Right Now

September 21, 2023 | seekingalpha.com

ReNew Energy: Potentially Differentiated Offerings, Not Investment Grade Just Yet

September 25, 2023 | Legacy Research (Ad)

WARNING: Mandatory U.S. Dollar Recall is Weeks Away

If 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.com

USISPF, ReNew and the Consulate General of India Bring Together Business and Government Leaders to Discuss U.S.- India Climate Partnership

September 18, 2023 | finance.yahoo.com

ReNew Announces Clinton Global Initiative Commitment to Business-Driven Clean Energy and Education in India

September 10, 2023 | washingtonpost.com

What Happens When Renewable Energy Isn’t So Cheap?

September 8, 2023 | marketwatch.com

ReNew Energy Global Chief Financial Officer Kedar Upadhye Resigns

September 7, 2023 | finance.yahoo.com

ReNew Appoints Kailash Vaswani as Chief Financial Officer

September 25, 2023 | Legacy Research (Ad)

WARNING: Mandatory U.S. Dollar Recall is Weeks Away

August 22, 2023 | markets.businessinsider.com

Where ReNew Energy Glb Stands With Analysts

August 22, 2023 | insidermonkey.com

ReNew Energy Global Plc (NASDAQ:RNW) Q1 2023 Earnings Call Transcript

August 21, 2023 | seekingalpha.com

ReNew Energy Global Plc 2024 Q1 - Results - Earnings Call Presentation

August 18, 2023 | finance.yahoo.com

ReNew Announces Results for the First Quarter (Q1 FY24) and Fiscal 2024 Ended June 30, 2023

August 14, 2023 | finance.yahoo.com

ReNew Announces Date and Conference Call Details for Q1 FY 24 Earnings Report

August 11, 2023 | msn.com

Canada’s Green Future: Riding the Wave of Renewable Energy Stocks

August 11, 2023 | msn.com

Vt. renewable energy manufacturer awarded for excellence in global exporting

August 2, 2023 | finance.yahoo.com

ReNew Energy Global Plc to hold its second Annual General Meeting on September 12, 2023

July 31, 2023 | finance.yahoo.com

ReNew Energy Global Plc Files its Annual Report on Form 20-F for Financial Year Ended March 31, 2023

July 29, 2023 | finance.yahoo.com

Further weakness as ReNew Energy Global (NASDAQ:RNW) drops 5.0% this week, taking one-year losses to 11%

July 27, 2023 | finance.yahoo.com

ReNew and Gentari announce strategic collaboration for 5 GW renewable capacity in India

July 24, 2023 | finance.yahoo.com

ReNew Announces Appointment of Three Independent Directors

July 21, 2023 | marketwatch.com

Utilities Up on Renewable-Energy Enthusiasm -- Utilities Roundup

July 21, 2023 | benzinga.com

ReNew Pens MoUs For ~$7.8B Debt Funding For Green Energy Projects

July 21, 2023 | finance.yahoo.com

ReNew Signs MoUs for INR 640 Billion (~US $7.8 bn) for Green Energy Projects

July 17, 2023 | oilprice.com

What Does America’s Renewable Revolution Mean For Fossil Fuel Workers?

July 12, 2023 | msn.com

Credit Suisse Downgrades ReNew Energy Global plc - (RNW)

July 6, 2023 | msn.com

ReNew Energy Global plc - (RNW) Price Target Decreased by 5.31% to 8.13

See More Headlines

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RNW Company Calendar

Last Earnings: 8/18/2023
Today: 9/25/2023
Next Earnings (Estimated): 11/21/2023
Fiscal Year End: 3/31/2024

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Electric services
Sub-Industry: N/A
Sector: Oils/Energy
Current Symbol: NASDAQ:RNW
CUSIP: N/A
CIK: 1848763
Web: www.rmgacquisition.com
Phone: 124-489-6670
Fax: N/A
Employees: 2,481
Year Founded: N/A

Price 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 Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.09)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-58,000,000.00
Net Margins: -2.21%
Pretax Margin: 0.92%
Return on Equity: -1.65%
Return on Assets: -0.27%

Debt

Debt-to-Equity Ratio: 3.96
Current Ratio: 0.77
Quick Ratio: 0.75

Sales & Book Value

Annual Sales: $1.09 billion
Price / Sales: 1.94
Cash Flow: $0.35 per share
Price / Cash Flow: 16.19
Book Value: $3.86 per share
Price / Book: 1.47

Miscellaneous

Outstanding Shares: 373,040,000
Free Float: 340,770,000
Market Cap: $2.11 billion
Optionable: Optionable
Beta: 0.74

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Key Executives

Mr. Sumant Sinha (Age 57)
Founder, Chairman & CEO
Comp: $1.73M

Mr. Kedar Upadhye CS (Age 46)
MBA, Group Chief Financial Officer

Mr. Kailash Vaswani
Pres of Corp. Fin.

Nathan Judge
Investor Relations Officer

Mr. Ashish Jain (Age 45)
Company Sec. & Compliance Officer

Mr. Vikash Jain (Age 45)
Group Pres of Legal & CS

Mr. Ajay Tripathi
Chief HR Officer

Ms. Vaishali Nigam Sinha
Cofounder of ReNew & Chairperson of Sustainability

Mr. Balram Mehta (Age 52)
Group Pres of ReNew Services Bus.

Mr. Mayank Bansal (Age 45)
Group Pres of India RE Bus.

Key Competitors

View All Competitors

Institutional Ownership

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

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