NASDAQ:RNW ReNew Energy Global (RNW) Stock Price, News & Analysis → Trump’s “Tax Free” Retirement Strategy (From Gold Safe Exchange) (Ad) Free RNW Stock Alerts $6.00 +0.12 (+2.04%) (As of 03/27/2024 ET) Add Compare Share Share Today's Range$5.87▼$6.0950-Day Range$5.88▼$6.8552-Week Range$4.78▼$7.79Volume1.75 million shsAverage Volume742,010 shsMarket Capitalization$2.24 billionP/E Ratio60.00Dividend YieldN/APrice Target$8.55 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesOptions ChainOwnershipSEC FilingsShort InterestSocial Media Get ReNew Energy Global alerts: Email Address ReNew Energy Global MarketRank™ Stock AnalysisAnalyst RatingBuy3.00 Rating ScoreUpside/Downside42.5% Upside$8.55 Price TargetShort InterestBearish3.74% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.89Based on 5 Articles This WeekInsider TradingN/AProj. Earnings GrowthN/ASee Full Details Hide Full Details 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.1.99 out of 5 starsOils/Energy Sector174th out of 239 stocksElectric Services Industry31st out of 38 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 5 buy ratings, no hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $8.55, ReNew Energy Global has a forecasted upside of 42.5% from its current price of $6.00.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 Shorted3.74% 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 9.3.Change versus previous monthShort interest in ReNew Energy Global has recently increased by 36.30%, 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 3.3 News and Social Media Coverage News SentimentReNew Energy Global has a news sentiment score of 0.89. 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 higher news sentiment than the 0.59 average news sentiment score of Oils/Energy companies.News Coverage This WeekMarketBeat has tracked 5 news articles for ReNew Energy Global this week, compared to 2 articles on an average week.Search InterestOnly 1 people have searched for RNW on MarketBeat in the last 30 days. This is a decrease of -88% compared to the previous 30 days.MarketBeat Follows5 people have added ReNew Energy Global to their MarketBeat watchlist in the last 30 days. This is an increase of 400% compared to the previous 30 days. Previous Next 0.8 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 Institutions43.56% of the stock of ReNew Energy Global is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 0.6 Earnings and Valuation Price to Earnings Ratio vs. the MarketThe P/E ratio of ReNew Energy Global is 60.00, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 148.14.Price to Earnings Ratio vs. SectorThe P/E ratio of ReNew Energy Global is 60.00, which means that it is trading at a more expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 21.45.Price to Book Value per Share RatioReNew Energy Global has a P/B Ratio of 1.55. 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 Ad Gold Safe ExchangeTrump’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.Protect your retirement savings from the inevitable devaluation of the dollar… 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.Read More RNW Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart RNW Stock News HeadlinesMarch 24, 2024 | americanbankingnews.comContrasting Alaska Power & Telephone (OTCMKTS:APTL) and ReNew Energy Global (NASDAQ:RNW)March 12, 2024 | msn.comHow Will Sarawak Achieve Being Major Renewable Energy Source for SEA?March 28, 2024 | Gold Safe Exchange (Ad)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.February 29, 2024 | investorplace.comBig Oil's New Rivals: 3 Clean Energy Stocks Leading the ChargeFebruary 26, 2024 | seekingalpha.comEnlight Renewable Energy reports Q4 resultsFebruary 22, 2024 | seekingalpha.comReNew Energy Global Plc (RNW) Q3 2024 Earnings Call TranscriptFebruary 21, 2024 | finance.yahoo.comReNew Energy Global Plc (NASDAQ:RNW) Q3 2024 Earnings Call TranscriptFebruary 21, 2024 | seekingalpha.comReNew Energy Global: The Indian Renewables Opportunity Is Opening UpMarch 28, 2024 | Gold Safe Exchange (Ad)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.February 20, 2024 | msn.comReNew Energy Global PLC (RNW) Reports Q3 Loss, Tops Revenue EstimatesFebruary 20, 2024 | finance.yahoo.comReNew Announces Results for the Third Quarter and Nine Months of Fiscal Year 2024: Increases the bottom end of Adjusted EBITDA guidance for FY24 by 2%February 20, 2024 | benzinga.comReNew Energy Glb: Q3 Earnings InsightsFebruary 20, 2024 | businesswire.comReNew Announces Results for the Third Quarter and Nine Months of Fiscal Year 2024: Increases the bottom end of Adjusted EBITDA guidance for FY24 by 2%February 20, 2024 | seekingalpha.comReNew Energy Global Plc 2024 Q3 - Results - Earnings Call PresentationFebruary 19, 2024 | benzinga.comEarnings Preview: ReNew Energy GlbFebruary 14, 2024 | msn.com$100 billion needed annually for Africa's renewable energy goal - ReportFebruary 12, 2024 | finance.yahoo.comReNew Announces Date and Conference Call Details for Q3 FY 24 Earnings ReportFebruary 6, 2024 | msn.comChina’s About To Change The World With Massive Renewable Energy Desert BasesJanuary 30, 2024 | seekingalpha.comRenewable Power: Stubborn Challenges Need To Be Addressed For Sustainable GrowthJanuary 12, 2024 | finance.yahoo.comReNew Refinances US$ 325 Million Debt Three Months Ahead of MaturityJanuary 11, 2024 | news.yahoo.comRenewable energy is booming, but might fall short of 2030 targetJanuary 11, 2024 | oilprice.comGlobal Renewable Energy Capacity Additions Jumped by Nearly 50% in 2023January 11, 2024 | reuters.comChina dominates renewable energy and coal power forecasts: RussellJanuary 8, 2024 | msn.comReNew to sell India solar project at $199M valuationJanuary 8, 2024 | finance.yahoo.comReturn Trends At ReNew Energy Global (NASDAQ:RNW) Aren't AppealingJanuary 8, 2024 | finance.yahoo.comReNew Signs Contract to Sell 300 MW Solar Project at a Valuation of $199 MillionDecember 20, 2023 | seekingalpha.comTAN: Madness But Signs Of LifeSee 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 Company Calendar Last Earnings2/20/2024Today3/27/2024Fiscal Year End3/31/2024Next Earnings (Estimated)6/04/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ SectorOils/Energy Industry Electric services Sub-IndustryN/A Current SymbolNASDAQ:RNW CUSIPN/A CIK1848763 Webwww.rmgacquisition.com Phone124-489-6670FaxN/AEmployees2,481Year FoundedN/APrice 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 RatingBuy Rating Score (0-4)3.00 Research Coverage5 Analysts Profitability EPS (Most Recent Fiscal Year)$0.10 Trailing P/E Ratio60.00 Forward P/E RatioN/A P/E GrowthN/ANet Income$-58,000,000.00 Net Margins3.61% Pretax Margin5.37% Return on Equity2.96% Return on Assets0.44% Debt Debt-to-Equity Ratio4.57 Current Ratio0.85 Quick Ratio0.84 Sales & Book Value Annual Sales$1.09 billion Price / Sales2.06 Cash Flow$0.36 per share Price / Cash Flow16.87 Book Value$3.86 per share Price / Book1.55Miscellaneous Outstanding Shares373,040,000Free Float340,770,000Market Cap$2.24 billion OptionableOptionable Beta0.93 Beginners Guide To Retirement StocksClick the link below and we'll send you MarketBeat's list of seven best retirement stocks and why they should be in your portfolio. Get This Free Report Key ExecutivesMr. Sumant Sinha (Age 59)Founder, Chairman & CEO Comp: $1.73MMr. Kailash VaswaniChief Financial OfficerNathan JudgeInvestor Relations OfficerMr. Ashish Jain (Age 46)Company Secretary & Compliance Officer Mr. Vikash Jain (Age 46)Group President of Legal & CS Mr. Ajay TripathiChief Human Resources OfficerMs. Vaishali Nigam SinhaCofounder of ReNew & Chairperson of SustainabilityMr. 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 More ExecutivesKey CompetitorsAtlantica Sustainable InfrastructureNASDAQ:AYEnlight Renewable EnergyNASDAQ:ENLTNextEra Energy PartnersNYSE:NEPCentral PuertoNYSE:CEPUAltus PowerNYSE:AMPSView All CompetitorsInstitutional OwnershipTT International Asset Management LTDBought 273,845 shares on 2/29/2024Ownership: 0.073%Syon Capital LLCBought 15,295 shares on 2/26/2024Ownership: 0.009%FIL LtdBought 147,838 shares on 2/17/2024Ownership: 0.123%Mercer Global Advisors Inc. ADVSold 3,738 shares on 2/15/2024Ownership: 0.005%Legal & General Group PlcSold 5,144 shares on 2/15/2024Ownership: 0.001%View All Institutional Transactions RNW Stock Analysis - Frequently Asked Questions Should I buy or sell ReNew Energy Global stock right now? 5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for ReNew Energy Global in the last year. There are currently 5 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 target for 2024? 5 Wall Street analysts have issued 12-month target prices for ReNew Energy Global's stock. Their RNW share price targets range from $7.00 to $10.00. On average, they anticipate the company's share 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 2024. 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 currently 9.3 days. Approximately 3.7% of the shares of the stock 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, June 4th 2024. View our RNW earnings forecast. How were ReNew Energy Global's earnings last quarter? ReNew Energy Global Plc (NASDAQ:RNW) issued its quarterly earnings data on Tuesday, February, 20th. The company reported ($0.15) EPS for the quarter, missing analysts' consensus estimates of ($0.14) by $0.01. The firm had revenue of $232 million for the quarter, compared to analysts' expectations of $195.90 million. ReNew Energy Global had a net margin of 3.61% and a trailing twelve-month return on equity of 2.96%. During the same period last year, the business earned ($0.15) earnings per share. 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). Who are ReNew Energy Global's major shareholders? ReNew Energy Global's stock is owned by a variety of retail and institutional investors. Top institutional shareholders 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 From Our PartnersTrump’s “Tax Free” Retirement Strategy Gold Safe ExchangeTop Project Outperforms BTC in 2023…Crypto 101 MediaMake This $3 Trade the Instant the Opening Bell RingsMonument Traders AllianceThis AI Trade Machine Made 1,729%* (With 89% Wins)Prosper Trading AcademyBREAKING: New AI Breakthrough Could Change Healthcare ForeverBehind the Markets“The Stock Market’s Bull Run is Far from Over” -BarronsVertical Research AdvisorySHOCKING Footage From Tesla Gigafactory In Austin, TexasInvestorPlaceBuy this small stock before coming AI Tidal WaveChaikin Analytics 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. 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