NASDAQ:RNW ReNew Energy Global (RNW) Stock Forecast, Price & News $5.43 0.00 (0.00%) (As of 03:52 PM ET) Add Compare Share Share Today's Range$5.38▼$5.5750-Day Range$5.43▼$6.4152-Week Range$4.03▼$6.86Volume452,211 shsAverage Volume808,276 shsMarket Capitalization$2.03 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/Downside46.4% Upside$7.88 Price TargetShort InterestBearish2.87% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.44Based 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.1.74 out of 5 starsOils/Energy Sector210th out of 248 stocksElectric Services Industry40th out of 42 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 46.4% from its current price of $5.38.Amount of Analyst CoverageReNew Energy Global has only been the subject of 1 research reports in the past 90 days. Previous Next 2.0 Short Interest Percentage of Shares Shorted2.87% 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 7.Change versus previous monthShort interest in ReNew Energy Global has recently increased by 23.37%, indicating that investor sentiment is decreasing 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 1.9 News and Social Media Coverage News SentimentReNew Energy Global has a news sentiment score of 0.44. 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 lower news sentiment than the 0.64 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 2 people have searched for RNW on MarketBeat in the last 30 days. This is a decrease of -83% compared to the previous 30 days.MarketBeat FollowsOnly 3 people have added ReNew Energy Global to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% 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 -59.77, 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 -59.77, 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 1.39. 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 29, 2023 | Behind the Markets (Ad)The single greatest medical breakthrough of all time?We are on the cusp of a medical breakthrough. And soon, this single breakthrough could lead to the cure of over 6,000 genetic diseases, including Alzheimer's, heart disease, and even cancer! This reminds me of Amgen, where early investors made as much as 46,751% when they released their revolutionary drug to the market.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 29, 2023 | The Oxford Club (Ad)Better Than Oil Stocks?The best way to profit from energy is NOT a stock...Rather, it's this little-known alternative investment. 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 Earnings8/18/2023Today9/29/2023Next 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+45.0%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 / Sales1.86 Cash Flow$0.35 per share Price / Cash Flow15.54 Book Value$3.86 per share Price / Book1.41Miscellaneous Outstanding Shares373,040,000Free Float340,770,000Market Cap$2.03 billion OptionableOptionable Beta0.74 (Almost) Everything You Need To Know About The EV MarketClick the link below and we'll send you MarketBeat's guide to investing in electric vehicle technologies (EV) and which EV stocks show the most promise. 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 CompetitorsAtlantica Sustainable InfrastructureNASDAQ:AYEnlight Renewable EnergyNASDAQ:ENLTCentral 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 equities 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 equities 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 analysts have issued 12 month target prices for ReNew Energy Global's stock. Their RNW share price forecasts range from $7.00 to $8.75. On average, they anticipate the company's stock price to reach $7.88 in the next twelve months. This suggests a possible upside of 45.0% 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 at the beginning of the year. Since then, RNW stock has decreased by 1.3% and is now trading at $5.43. View the best growth stocks for 2023 here. Are investors shorting ReNew Energy Global? ReNew Energy Global saw a increase in short interest in September. As of September 15th, there was short interest totaling 4,170,000 shares, an increase of 23.4% from the August 31st total of 3,380,000 shares. Based on an average daily trading volume, of 599,300 shares, the days-to-cover ratio is presently 7.0 days. Currently, 2.9% of the shares of the company are sold short. 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, November 21st 2023. View our RNW earnings forecast. How were ReNew Energy Global's earnings last quarter? ReNew Energy Global Plc (NASDAQ:RNW) announced its quarterly earnings data on Friday, August, 18th. The company reported $0.09 earnings per share for the quarter, hitting the consensus estimate of $0.09. The company 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." 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 $5.43. How much money does ReNew Energy Global make? ReNew Energy Global (NASDAQ:RNW) has a market capitalization of $2.03 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 9/29/2023 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. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. Start Your 30-Day Free Trial Sign in to your free account to enjoy these benefits In-depth profiles and analysis for 20,000 public companies. Real-time analyst ratings, insider transactions, earnings data, and more. Our daily ratings and market update email newsletter. Sign in to your free account to enjoy all that MarketBeat has to offer. Sign In Create Account Your Email Address: Your Password: or Sign in with Facebook Sign in with Google Forgot your password? Your Email Address: Choose a Password: Create My Account (Free) or Sign in with Facebook Sign in with Google By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.