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NASDAQ:RNW

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

$5.43
0.00 (0.00%)
(As of 03:52 PM ET)
Compare
Today's Range
$5.38
$5.57
50-Day Range
$5.43
$6.41
52-Week Range
$4.03
$6.86
Volume
452,211 shs
Average Volume
808,276 shs
Market Capitalization
$2.03 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
46.4% Upside
$7.88 Price Target
Short Interest
Bearish
2.87% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.44mentions of ReNew Energy Global in the last 14 days
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.

1.74 out of 5 stars

Oils/Energy Sector

210th out of 248 stocks

Electric Services Industry

40th out of 42 stocks


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 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

RNW Stock News Headlines

Beware! 7 Energy Stocks Waving Massive Red Flags Right Now
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.
What Happens When Renewable Energy Isn’t So Cheap?
ReNew Appoints Kailash Vaswani as Chief Financial Officer
Better Than Oil Stocks?
The best way to profit from energy is NOT a stock...Rather, it's this little-known alternative investment.
Where ReNew Energy Glb Stands With Analysts
See More Headlines
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RNW Company Calendar

Last Earnings
8/18/2023
Today
9/29/2023
Next Earnings (Estimated)
11/21/2023
Fiscal Year End
3/31/2024

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 Forecast
$7.88
High Stock Price Forecast
$8.75
Low Stock Price Forecast
$7.00
Forecasted Upside/Downside
+45.0%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
2 Analysts

Profitability

Net Income
$-58,000,000.00
Pretax Margin
0.92%

Debt

Sales & Book Value

Annual Sales
$1.09 billion
Cash Flow
$0.35 per share
Book Value
$3.86 per share

Miscellaneous

Free Float
340,770,000
Market Cap
$2.03 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.













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 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

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