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S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Asian shares are mostly higher after another set of Wall St records
Delta Airline’s Put Option Activity Isn’t Bad News
3 Value Stocks Too Small For Buffett’s Portfolio
Disney Stock Catches 3 Upgrades In a Single Week
7 Stocks That Will Drive the Weight Loss Drugs Market
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Asian shares are mostly higher after another set of Wall St records
Delta Airline’s Put Option Activity Isn’t Bad News
3 Value Stocks Too Small For Buffett’s Portfolio
Disney Stock Catches 3 Upgrades In a Single Week
7 Stocks That Will Drive the Weight Loss Drugs Market
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Asian shares are mostly higher after another set of Wall St records
Delta Airline’s Put Option Activity Isn’t Bad News
3 Value Stocks Too Small For Buffett’s Portfolio
Disney Stock Catches 3 Upgrades In a Single Week
7 Stocks That Will Drive the Weight Loss Drugs Market
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
NASDAQ:RNW

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

$6.00
0.00 (0.00%)
(As of 03/28/2024 ET)
Today's Range
$5.98
$6.08
50-Day Range
$5.88
$6.85
52-Week Range
$4.78
$7.79
Volume
709,618 shs
Average Volume
596,051 shs
Market Capitalization
$2.24 billion
P/E Ratio
60.00
Dividend Yield
N/A
Price Target
$8.55

ReNew Energy Global MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
42.5% Upside
$8.55 Price Target
Short Interest
Bearish
3.74% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.89mentions of ReNew Energy Global in the last 14 days
Based on 5 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
N/A

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.98 out of 5 stars

Oils/Energy Sector

173rd out of 237 stocks

Electric Services Industry

33rd out of 40 stocks

RNW stock logo

About ReNew Energy Global Stock (NASDAQ:RNW)

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 Stock Price History

RNW Stock News Headlines

Trump’s “Tax Free” Retirement Strategy
Since 1924 — over one hundred years — the US dollar has lost nearly 18x its value. In other words, a dollar back then would buy $17.82 worth of goods in today's money. If you're planning on retiring any time soon…This poses a real problem.
Enlight Renewable Energy reports Q4 results
Trump’s “Tax Free” Retirement Strategy
Since 1924 — over one hundred years — the US dollar has lost nearly 18x its value. In other words, a dollar back then would buy $17.82 worth of goods in today's money. If you're planning on retiring any time soon…This poses a real problem.
ReNew Energy Glb: Q3 Earnings Insights
Earnings Preview: ReNew Energy Glb
TAN: Madness But Signs Of Life
See More Headlines
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Company Calendar

Last Earnings
2/20/2024
Today
3/28/2024
Fiscal Year End
3/31/2024
Next Earnings (Estimated)
6/04/2024

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 Target
$8.55
High Stock Price Target
$10.00
Low Stock Price Target
$7.00
Potential Upside/Downside
+42.5%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
5 Analysts

Profitability

Net Income
$-58,000,000.00
Pretax Margin
5.37%

Debt

Sales & Book Value

Annual Sales
$1.09 billion
Cash Flow
$0.36 per share
Book Value
$3.86 per share

Miscellaneous

Free Float
340,770,000
Market Cap
$2.24 billion
Optionable
Optionable
Beta
0.93
A Guide To High-Short-Interest Stocks Cover

MarketBeat's analysts have just released their top five short plays for April 2024. Learn which stocks have the most short interest and how to trade them. Click the link below to see which companies made the list.

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Key Executives

  • Mr. Sumant Sinha (Age 59)
    Founder, Chairman & CEO
    Comp: $1.73M
  • Mr. Kailash Vaswani
    Chief Financial Officer
  • Nathan Judge
    Investor Relations Officer
  • Mr. Ashish Jain (Age 46)
    Company Secretary & Compliance Officer
  • Mr. Vikash Jain (Age 46)
    Group President of Legal & CS
  • Mr. Ajay Tripathi
    Chief Human Resources Officer
  • Ms. Vaishali Nigam Sinha
    Cofounder of ReNew & Chairperson of Sustainability
  • Mr. Balram Mehta (Age 54)
    COO & Group President of ReNew Services Business
  • Mr. Mayank Bansal (Age 46)
    Group President of India RE Business
  • Mr. Sanjay Varghese (Age 54)
    President of ReNew Projects

RNW Stock Analysis - Frequently Asked Questions

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

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for ReNew Energy Global in the last twelve months. There are currently 5 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 target for 2024?

5 brokerages have issued twelve-month price objectives for ReNew Energy Global's shares. Their RNW share price targets range from $7.00 to $10.00. On average, they expect the company's stock price to reach $8.55 in the next year. This suggests a possible upside of 42.5% 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 2024?

ReNew Energy Global's stock was trading at $7.66 at the beginning of the year. Since then, RNW shares have decreased by 21.7% and is now trading at $6.00.
View the best growth stocks for 2024 here
.

Are investors shorting ReNew Energy Global?

ReNew Energy Global saw a increase in short interest in March. As of March 15th, there was short interest totaling 5,520,000 shares, an increase of 36.3% from the February 29th total of 4,050,000 shares. Based on an average daily volume of 591,200 shares, the days-to-cover ratio is presently 9.3 days. Currently, 3.7% of the company's stock are short sold.
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, June 4th 2024.
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 Tuesday, February, 20th. The company reported ($0.15) EPS for the quarter, missing the consensus estimate of ($0.14) by $0.01. The firm earned $232 million during the quarter, compared to analyst estimates of $195.90 million. ReNew Energy Global had a trailing twelve-month return on equity of 2.96% and a net margin of 3.61%. During the same period last year, the company posted ($0.15) EPS.

Who are ReNew Energy Global's major shareholders?

ReNew Energy Global's stock is owned by a number of institutional and retail investors. Top institutional investors include Rubric Capital Management LP (2.79%), abrdn plc (1.39%), Sylebra Capital LLC (0.70%), First Trust Advisors LP (0.42%), Van ECK Associates Corp (0.32%) and Picton Mahoney Asset Management (0.27%).

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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:RNW) was last updated on 3/28/2024 by MarketBeat.com Staff

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