$190.79 Million in Sales Expected for ReNew Energy Global plc (NASDAQ:RNW) This Quarter

Equities research analysts expect ReNew Energy Global plc (NASDAQ:RNWGet Rating) to report sales of $190.79 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for ReNew Energy Global’s earnings. The lowest sales estimate is $155.08 million and the highest is $226.50 million. The company is scheduled to announce its next quarterly earnings report on Monday, January 1st.

According to Zacks, analysts expect that ReNew Energy Global will report full-year sales of $905.49 million for the current year, with estimates ranging from $885.98 million to $921.50 million. For the next year, analysts expect that the business will report sales of $1.10 billion, with estimates ranging from $1.08 billion to $1.13 billion. Zacks’ sales averages are an average based on a survey of research firms that that provide coverage for ReNew Energy Global.

ReNew Energy Global (NASDAQ:RNWGet Rating) last released its earnings results on Thursday, February 24th. The company reported ($0.20) earnings per share (EPS) for the quarter. The company had revenue of $181.00 million for the quarter.

Several equities research analysts have weighed in on the stock. Zacks Investment Research raised shares of ReNew Energy Global from a “sell” rating to a “hold” rating in a research note on Tuesday. Royal Bank of Canada raised shares of ReNew Energy Global to an “outperform” rating and set a $22.00 price target for the company in a research note on Wednesday, January 12th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, ReNew Energy Global has an average rating of “Buy” and a consensus price target of $13.42.

A number of hedge funds have recently modified their holdings of the business. PNC Financial Services Group Inc. bought a new stake in ReNew Energy Global in the 3rd quarter worth about $31,000. Penserra Capital Management LLC purchased a new position in ReNew Energy Global in the third quarter valued at about $96,000. Rockefeller Capital Management L.P. purchased a new position in ReNew Energy Global in the third quarter valued at about $133,000. Balyasny Asset Management LLC purchased a new position in ReNew Energy Global in the third quarter valued at about $141,000. Finally, Levin Capital Strategies L.P. purchased a new stake in shares of ReNew Energy Global during the 3rd quarter valued at approximately $204,000. 34.64% of the stock is owned by institutional investors and hedge funds.

RNW stock opened at $7.98 on Friday. ReNew Energy Global has a 12-month low of $5.06 and a 12-month high of $12.30. The company has a debt-to-equity ratio of 2.65, a quick ratio of 1.12 and a current ratio of 1.14. The company’s fifty day simple moving average is $8.01 and its 200 day simple moving average is $7.94.

About ReNew Energy Global (Get Rating)

ReNew Energy Global plc generates power through non-conventional and renewable energy sources in India. It operates through Wind Power and Solar Power segments. It develops, builds, owns, and operates utility scale wind and solar energy, as well as distributed solar energy projects that generate energy for commercial and industrial customers.

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