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S&P 500   4,280.15
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What Is WallStreetBets and What Stocks Are They Targeting?
Most profitable less than $5 stock in the world? (Ad)pixel
Closing prices for crude oil, gold and other commodities
Pipeline break spills 45,000 gallons of diesel in Wyoming
2 Important Retail Stock Battles to Watch
Shocking Transcript: Financial Chaos Now Brace yourself for what's coming next (Ad)
Wall Street builds on gains, heads for 4-week winning streak
Judge revives Obama-era ban on coal sales from federal lands
In Biden's big bill: Climate, health care, deficit reduction
Shocking Transcript: Financial Chaos Now Brace yourself for what's coming next (Ad)
S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
What Is WallStreetBets and What Stocks Are They Targeting?
Most profitable less than $5 stock in the world? (Ad)pixel
Closing prices for crude oil, gold and other commodities
Pipeline break spills 45,000 gallons of diesel in Wyoming
2 Important Retail Stock Battles to Watch
Shocking Transcript: Financial Chaos Now Brace yourself for what's coming next (Ad)
Wall Street builds on gains, heads for 4-week winning streak
Judge revives Obama-era ban on coal sales from federal lands
In Biden's big bill: Climate, health care, deficit reduction
Shocking Transcript: Financial Chaos Now Brace yourself for what's coming next (Ad)
S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
What Is WallStreetBets and What Stocks Are They Targeting?
Most profitable less than $5 stock in the world? (Ad)pixel
Closing prices for crude oil, gold and other commodities
Pipeline break spills 45,000 gallons of diesel in Wyoming
2 Important Retail Stock Battles to Watch
Shocking Transcript: Financial Chaos Now Brace yourself for what's coming next (Ad)
Wall Street builds on gains, heads for 4-week winning streak
Judge revives Obama-era ban on coal sales from federal lands
In Biden's big bill: Climate, health care, deficit reduction
Shocking Transcript: Financial Chaos Now Brace yourself for what's coming next (Ad)
NASDAQ:RNW

ReNew Energy Global - RNW Stock Forecast, Price & News

$7.19
+0.19 (+2.71%)
(As of 08/12/2022 12:00 AM ET)
Add
Compare
Today's Range
$6.94
▼
$7.36
50-Day Range
$5.89
▼
$7.29
52-Week Range
$5.06
▼
$12.30
Volume
1.08 million shs
Average Volume
1.06 million shs
Market Capitalization
$2.88 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$17.00

ReNew Energy Global MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
136.4% Upside
$17.00 Price Target
Short Interest
Healthy
1.99% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.80mentions of ReNew Energy Global in the last 14 days
Based on 4 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-16.67%
From $0.24 to $0.20 Per Share

Overall MarketRank™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.25 out of 5 stars

Oils/Energy Sector

120th out of 255 stocks

Electric Services Industry

17th out of 43 stocks

See Top Rated MarketRank™ Stocks Here
RNW stock logo

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 Wind Power and Solar Power segments. It develops, builds, owns, and operates utility scale wind and solar energy projects, as well as distributed solar energy projects that generate energy for commercial and industrial customers. The company also provides engineering, procurement, and construction services; operation and maintenance services; consultancy services; and sells renewable energy certificates. As of March 31, 2022, its portfolio consisted of 10.69 GW of wind and solar energy projects, hydro, firm power projects, and distributed solar energy projects, of which 7.57 GW projects were commissioned and 3.12 GW were committed. ReNew Energy Global Plc was founded in 2011 and is based in London, the United Kingdom.

ReNew Energy Global Price Performance

NASDAQ:RNW opened at $7.19 on Friday. The company's fifty day simple moving average is $6.67 and its 200-day simple moving average is $7.20. ReNew Energy Global has a 52 week low of $5.06 and a 52 week high of $12.30. The company has a debt-to-equity ratio of 2.96, a current ratio of 1.33 and a quick ratio of 1.33.

ReNew Energy Global (NASDAQ:RNW - Get Rating) last posted its earnings results on Tuesday, June 14th. The company reported ($0.11) EPS for the quarter, missing analysts' consensus estimates of ($0.06) by ($0.05). The firm had revenue of $232.00 million for the quarter, compared to analyst estimates of $226.50 million. As a group, research analysts expect that ReNew Energy Global will post 0.24 earnings per share for the current year.

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RNW Stock News Headlines

August 12, 2022 | finance.yahoo.com
ReNew Announces Date and Conference Call Details for Q1 FY 23 Earnings Report
August 9, 2022 | apnews.com
Utilities Global Market Report 2022: Rapid Growth in Investments in Renewable Power Generation Capacities to Drive Sector - ResearchAndMarkets.com
August 5, 2022 | americanbankingnews.com
Reviewing Brookfield Renewable (NYSE:BEPC) and ReNew Energy Global (NASDAQ:RNW)
July 30, 2022 | seekingalpha.com
Investing In Secular Trends: Renewable Energy
July 29, 2022 | msn.com
WM: Renewable Focus On The Future
July 23, 2022 | americanbankingnews.com
ReNew Energy Global (NASDAQ:RNW) and Entergy (NYSE:ETR) Financial Contrast
July 18, 2022 | msn.com
7 Renewable Energy Stocks and ETFs to Buy
July 12, 2022 | finanznachrichten.de
ReNew Energy Global plc: ReNew Becomes First Indian Renewable Energy Company To Refinance Dollar-Denominated Bonds
July 12, 2022 | finance.yahoo.com
ReNew Becomes First Indian Renewable Energy Company To Refinance Dollar-Denominated Bonds
July 11, 2022 | finance.yahoo.com
ReNew Energy Global Plc to hold its first Annual General Meeting on August 19, 2022
June 17, 2022 | finance.yahoo.com
ReNew Energy Global plc (NASDAQ:RNW) Annual Results: Here's What Analysts Are Forecasting For This Year
June 16, 2022 | nasdaq.com
RNW Crosses Critical Technical Indicator
June 16, 2022 | seekingalpha.com
ReNew Energy Global reports FY results
June 14, 2022 | morningstar.com
ReNew Energy Global PLC Ordinary Shares - Class A - Stock Quote RNW
June 14, 2022 | finance.yahoo.com
ReNew Announces Results for the Fourth Quarter (Q4 FY22) and Fiscal Year 2022, both ended March 31, 2022
June 3, 2022 | finanznachrichten.de
ReNew Power Private Limited: ReNew adds over 700 MW taking total portfolio to ~12.8 GW
June 2, 2022 | finance.yahoo.com
ReNew adds over 700 MW taking total portfolio to ~12.8 GW
June 1, 2022 | reuters.com
China says a third of electricity will come from renewables by 2025
May 31, 2022 | powermag.com
Maximizing Surety to Power Up New Renewable Energy Projects
May 31, 2022 | powermag.com
Energy Security = National Security: How the West Needs to Reindustrialize, Rethink Energy Policy
May 31, 2022 | benzinga.com
Leeward Renewable Energy Operations Announces the Posting of Q1 2022 Financial Results and June 7 Investor Call
May 24, 2022 | tmcnet.com
Energy security concerns reinforce government focus on renewable energy programs
May 18, 2022 | finance.yahoo.com
ReNew appoints new CFO
May 5, 2022 | finance.yahoo.com
An Intrinsic Calculation For ReNew Energy Global plc (NASDAQ:RNW) Suggests It's 46% Undervalued
April 28, 2022 | finanznachrichten.de
ReNew Power Private Limited: ReNew's total portfolio rises close to 20% to over 12 GW
See More Headlines
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RNW Company Calendar

Last Earnings
6/14/2022
Today
8/13/2022
Next Earnings (Estimated)
9/13/2022
Fiscal Year End
3/31/2023
Get Stock Alerts

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
44-20-7519-7126
Fax
N/A
Employees
1,219
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$17.00
High Stock Price Forecast
$22.00
Low Stock Price Forecast
$12.00
Forecasted Upside/Downside
+136.4%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
4 Analysts

Profitability

EPS (Most Recent Fiscal Year)
N/A
Trailing P/E Ratio
N/A
Forward P/E Ratio
29.96
P/E Growth
0.66
Net Income
$-212,000,000.00
Net Margins
N/A
Pretax Margin
-17.65%
Return on Equity
-9.72%
Return on Assets
-1.98%

Debt

Debt-to-Equity Ratio
2.96
Current Ratio
1.33
Quick Ratio
1.33

Sales & Book Value

Annual Sales
$912 million
Price / Sales
3.16
Cash Flow
$0.22 per share
Price / Cash Flow
33.04
Book Value
$4.16 per share
Price / Book
1.73

Miscellaneous

Outstanding Shares
400,830,000
Free Float
N/A
Market Cap
$2.88 billion
Optionable
Optionable
Beta
0.34

Key Executives

  • Mr. Sumant Sinha (Age 56)
    Founder, Chairman & CEO
    Comp: $1.31M
  • Mr. Kedar Upadhye CS (Age 45)
    MBA, Group Chief Financial Officer
  • Mr. Balram Mehta (Age 52)
    Chief Operating Officer
  • Mr. Kailash Vaswani
    Pres of Corp. Fin.
  • Mr. Ashish Jain (Age 44)
    Company Sec. & Compliance Officer
  • Mr. Vikash Jain (Age 44)
    Global Gen. Counsel
  • Mr. Ajay Tripathi
    Chief HR Officer
  • Ms. Vaishali Nigam Sinha
    Chair of ReNew Foundation & Chief Sustainability Officer
  • Mr. Mayank Bansal (Age 45)
    Chief Commercial Officer
  • Mr. Sanjay Varghese (Age 53)
    Pres of Solar Utility Scale

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions













RNW Stock - Frequently Asked Questions

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

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for ReNew Energy Global in the last year. There are currently 4 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 2022?

4 brokers have issued 1-year target prices for ReNew Energy Global's shares. Their RNW share price forecasts range from $12.00 to $22.00. On average, they expect the company's share price to reach $17.00 in the next year. This suggests a possible upside of 136.4% 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 2022?

ReNew Energy Global's stock was trading at $7.78 at the beginning of 2022. Since then, RNW stock has decreased by 7.6% and is now trading at $7.19.
View the best growth stocks for 2022 here.

When is ReNew Energy Global's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, September 13th 2022.
View our RNW earnings forecast.

How were ReNew Energy Global's earnings last quarter?

ReNew Energy Global Plc (NASDAQ:RNW) posted its quarterly earnings results on Tuesday, June, 14th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.06) by $0.05. The firm earned $232 million during the quarter, compared to the consensus estimate of $226.50 million.

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 many different institutional and retail investors. Top institutional shareholders include abrdn plc (1.68%), Tortoise Capital Advisors L.L.C. (0.79%), Kayne Anderson Capital Advisors LP (0.65%), Van ECK Associates Corp (0.19%), DekaBank Deutsche Girozentrale (0.09%) and Healthcare of Ontario Pension Plan Trust Fund (0.07%).

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 $7.19.

How much money does ReNew Energy Global make?

ReNew Energy Global (NASDAQ:RNW) has a market capitalization of $2.88 billion and generates $912 million in revenue each year.

How many employees does ReNew Energy Global have?

The company employs 1,219 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 44-20-7519-7126 or via email at pkassin@rmginvestments.com.

This page (NASDAQ:RNW) was last updated on 8/13/2022 by MarketBeat.com Staff

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