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ReNew Energy Global (RNW) Competitors

$6.57
+0.08 (+1.23%)
(As of 09/19/2024 ET)

RNW vs. ELPC, BEP, DTM, KNTK, ENLC, CWEN, BIPC, BEPC, UGP, and ELP

Should you be buying ReNew Energy Global stock or one of its competitors? The main competitors of ReNew Energy Global include Companhia Paranaense de Energia (ELPC), Brookfield Renewable Partners (BEP), DT Midstream (DTM), Kinetik (KNTK), EnLink Midstream (ENLC), Clearway Energy (CWEN), Brookfield Infrastructure (BIPC), Brookfield Renewable (BEPC), Ultrapar Participações (UGP), and Companhia Paranaense de Energia - COPEL (ELP). These companies are all part of the "utilities" industry.

ReNew Energy Global vs.

Companhia Paranaense de Energia (NYSE:ELPC) and ReNew Energy Global (NASDAQ:RNW) are both mid-cap utilities companies, but which is the superior stock? We will compare the two businesses based on the strength of their risk, valuation, institutional ownership, community ranking, earnings, profitability, dividends, media sentiment and analyst recommendations.

43.6% of ReNew Energy Global shares are owned by institutional investors. 8.7% of ReNew Energy Global shares are owned by insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a stock is poised for long-term growth.

ReNew Energy Global has a consensus target price of $8.67, indicating a potential upside of 31.91%. Given ReNew Energy Global's higher possible upside, analysts plainly believe ReNew Energy Global is more favorable than Companhia Paranaense de Energia.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Companhia Paranaense de Energia
0 Sell rating(s)
0 Hold rating(s)
0 Buy rating(s)
0 Strong Buy rating(s)
N/A
ReNew Energy Global
0 Sell rating(s)
0 Hold rating(s)
3 Buy rating(s)
0 Strong Buy rating(s)
3.00

ReNew Energy Global received 16 more outperform votes than Companhia Paranaense de Energia when rated by MarketBeat users.

CompanyUnderperformOutperform
Companhia Paranaense de EnergiaN/AN/A
ReNew Energy GlobalOutperform Votes
16
45.71%
Underperform Votes
19
54.29%

ReNew Energy Global has a net margin of 1.53% compared to Companhia Paranaense de Energia's net margin of 0.00%. ReNew Energy Global's return on equity of 1.23% beat Companhia Paranaense de Energia's return on equity.

Company Net Margins Return on Equity Return on Assets
Companhia Paranaense de EnergiaN/A N/A N/A
ReNew Energy Global 1.53%1.23%0.17%

In the previous week, ReNew Energy Global had 1 more articles in the media than Companhia Paranaense de Energia. MarketBeat recorded 2 mentions for ReNew Energy Global and 1 mentions for Companhia Paranaense de Energia. Companhia Paranaense de Energia's average media sentiment score of 1.00 beat ReNew Energy Global's score of 0.27 indicating that Companhia Paranaense de Energia is being referred to more favorably in the media.

Company Overall Sentiment
Companhia Paranaense de Energia Positive
ReNew Energy Global Neutral

ReNew Energy Global has lower revenue, but higher earnings than Companhia Paranaense de Energia.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Companhia Paranaense de Energia$22.01B0.34N/AN/AN/A
ReNew Energy Global$1.16B2.06$41M$0.1254.75

Summary

ReNew Energy Global beats Companhia Paranaense de Energia on 10 of the 12 factors compared between the two stocks.

New MarketBeat Followers Over Time

This chart shows the number of new MarketBeat users adding RNW and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
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Media Sentiment Over Time

This chart shows the average media sentiment of NASDAQ and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
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RNW vs. The Competition

MetricReNew Energy GlobalElectric services IndustryEnergy SectorNASDAQ Exchange
Market Cap$2.30B$14.45B$8.07B$8.44B
Dividend YieldN/A4.34%12.34%4.06%
P/E Ratio54.7514.0815.7818.93
Price / Sales2.068,523.03109.3284.26
Price / Cash8.817.9610.5731.48
Price / Book1.631.833.584.56
Net Income$41M$699.97M$973.03M$225.32M
7 Day Performance5.12%-0.18%2.15%4.20%
1 Month Performance14.26%1.88%-0.75%7.96%
1 Year Performance13.08%11.41%301.87%15.13%

ReNew Energy Global Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
ELPC
Companhia Paranaense de Energia
0 of 5 stars
0.00 / 5 stars
$7.10
+1.4%
N/AN/A$7.60B$22.01B0.006,320Dividend Announcement
Positive News
BEP
Brookfield Renewable Partners
2.9654 of 5 stars
2.97 / 5 stars
$26.61
+1.1%
$31.82
+19.6%
+1.2%$7.58B$5.48B-57.854,770Positive News
DTM
DT Midstream
3.9777 of 5 stars
3.98 / 5 stars
$78.02
+0.6%
$70.75
-9.3%
+44.7%$7.58B$962M19.03360Positive News
KNTK
Kinetik
1.8387 of 5 stars
1.84 / 5 stars
$46.11
+0.5%
$42.00
-8.9%
+33.8%$7.09B$1.38B18.90200Gap Up
ENLC
EnLink Midstream
3.1218 of 5 stars
3.12 / 5 stars
$14.52
-1.0%
$15.33
+5.6%
+13.9%$6.70B$6.90B41.491,072
CWEN
Clearway Energy
1.9242 of 5 stars
1.92 / 5 stars
$29.74
+1.3%
$31.17
+4.8%
+16.3%$6.01B$1.25B45.0660News Coverage
Positive News
BIPC
Brookfield Infrastructure
1.3927 of 5 stars
1.39 / 5 stars
$41.83
+0.7%
$42.00
+0.4%
+13.6%$5.52B$3.28B29.051,700
BEPC
Brookfield Renewable
4.0694 of 5 stars
4.07 / 5 stars
$30.60
+1.4%
$33.50
+9.5%
+9.1%$5.50B$4.11B-66.521,890
UGP
Ultrapar Participações
2.6997 of 5 stars
2.70 / 5 stars
$4.20
+0.2%
$4.25
+1.2%
+7.4%$4.68B$128.64B8.759,729
ELP
Companhia Paranaense de Energia - COPEL
1.4103 of 5 stars
1.41 / 5 stars
$7.93
+0.6%
N/A+7.4%$4.34B$22.01B0.005,954Dividend Cut

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This page (NASDAQ:RNW) was last updated on 9/20/2024 by MarketBeat.com Staff
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