NASDAQ:RNW ReNew Energy Global (RNW) Stock Price, News & Analysis → Forget AI, Imperium Is Expected to Grow 320,00% in 3 Years (From Banyan Hill Publishing) (Ad) Free RNW Stock Alerts $6.20 +0.52 (+9.15%) (As of 05/3/2024 ET) Add Compare Share Share Today's Range$5.78▼$6.2650-Day Range$5.32▼$6.6852-Week Range$4.78▼$7.79Volume972,083 shsAverage Volume618,456 shsMarket Capitalization$2.31 billionP/E Ratio62.00Dividend YieldN/APrice Target$8.35 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/Downside34.7% Upside$8.35 Price TargetShort InterestHealthy3.68% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews SentimentN/AInsider TradingN/AProj. Earnings Growth-25.00%From $0.04 to $0.03 Per ShareSee 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.2.37 out of 5 starsOils/Energy Sector972nd out of 1,415 stocksElectric Services Industry169th out of 246 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.Amount of Analyst CoverageReNew Energy Global has only been the subject of 1 research reports in the past 90 days. Previous Next 4.0 Short Interest Percentage of Shares Shorted3.68% 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 8.4.Change versus previous monthShort interest in ReNew Energy Global has recently decreased by 11.13%, indicating that investor sentiment is improving 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 2.1 News and Social Media Coverage News SentimentReNew Energy Global has a news sentiment score of 0.86. 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 0.51 average news sentiment score of Oils/Energy companies.News Coverage This WeekMarketBeat has tracked 1 news article for ReNew Energy Global this week, compared to 2 articles on an average week.Search InterestOnly 2 people have searched for RNW on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.MarketBeat FollowsOnly 1 people have added ReNew Energy Global to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% 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 Earnings GrowthEarnings for ReNew Energy Global are expected to decrease by -25.00% in the coming year, from $0.04 to $0.03 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of ReNew Energy Global is 62.00, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 142.95.Price to Earnings Ratio vs. SectorThe P/E ratio of ReNew Energy Global is 62.00, which means that it is trading at a more expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 19.06.Price to Book Value per Share RatioReNew Energy Global has a P/B Ratio of 1.61. 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 Paradigm PressDems have chosen Biden replacement?On November 16, 2023… Joe Biden accidentally revealed the name of the candidate… Who will replace him in the 2024 presidential election.See who it is HERE. 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 HeadlinesApril 30, 2024 | finance.yahoo.comIs ReNew Energy Global Plc's (NASDAQ:RNW) 3.0% ROE Worse Than Average?April 26, 2024 | americanbankingnews.comContrasting ReNew Energy Global (NASDAQ:RNW) and Principal Solar (OTCMKTS:PSWW)May 3, 2024 | Paradigm Press (Ad)Dems have chosen Biden replacement?On November 16, 2023… Joe Biden accidentally revealed the name of the candidate… Who will replace him in the 2024 presidential election.April 18, 2024 | benzinga.comRTX Inks Largest Renewable Electricity Agreement: 'On Path To Achieve 2025 Goal'April 18, 2024 | marketwatch.comRTX Signs Renewable Electricity Deal for 12 Texas FacilitiesApril 18, 2024 | businesswire.comReNew partners with JERA to evaluate Joint Development of Green Ammonia Project in IndiaApril 16, 2024 | msn.comSeven countries now generate 100% of their electricity from renewable energyApril 16, 2024 | msn.comWind projects hit a record in 2023—but more power is needed to reach global renewable energy goalsMay 3, 2024 | Paradigm Press (Ad)Dems have chosen Biden replacement?On November 16, 2023… Joe Biden accidentally revealed the name of the candidate… Who will replace him in the 2024 presidential election.April 15, 2024 | forbes.comU.K.’s Renewable Energy Industry Gets A Vote Of Confidence From JapanApril 10, 2024 | businesswire.comReNew Crosses 10 GW of Gross Renewable Energy AssetsApril 4, 2024 | msn.comRenewable Energy Investment Not Enough to Reach Paris Climate TargetMarch 12, 2024 | msn.comHow Will Sarawak Achieve Being Major Renewable Energy Source for SEA?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 UpFebruary 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 BasesSee 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 Earnings2/20/2024Today5/03/2024Next Earnings (Estimated)6/04/2024Fiscal Year End3/31/2025Get 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$8.35 High Stock Price Target$10.00 Low Stock Price Target$7.00 Potential Upside/Downside+37.6%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage5 Analysts Profitability EPS (Most Recent Fiscal Year)$0.10 Trailing P/E Ratio60.70 Forward P/E Ratio151.75 P/E GrowthN/ANet Income$-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 / Sales2.08 Cash Flow$0.38 per share Price / Cash Flow16.02 Book Value$3.86 per share Price / Book1.57Miscellaneous Outstanding Shares373,040,000Free Float340,770,000Market Cap$2.26 billion OptionableOptionable Beta0.91 (Almost) Everything You Need To Know About The EV MarketClick the link below and we'll send you MarketBeat's guide to investing in electric vehicle technologies (EV) and which EV stocks show the most promise. 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:ENLTCentral PuertoNYSE:CEPUNextEra Energy PartnersNYSE:NEPAltus PowerNYSE:AMPSView All CompetitorsInstitutional OwnershipGSA Capital Partners LLPBought 159,857 shares on 5/3/2024Ownership: 0.043%Jennison Associates LLCBought 104,278 shares on 5/2/2024Ownership: 0.039%Mirae Asset Global Investments Co. Ltd.Bought 48,901 shares on 5/1/2024Ownership: 0.048%Van ECK Associates CorpSold 194,816 shares on 4/30/2024Ownership: 0.271%Everett Harris & Co. CABought 15,000 shares on 4/19/2024Ownership: 0.004%View All Institutional Transactions RNW Stock Analysis - Frequently Asked Questions Should I buy or sell ReNew Energy Global stock right now? 5 Wall Street 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 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 research analysts have issued 1 year price targets 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 share price to reach $8.35 in the next twelve months. This suggests a possible upside of 34.7% 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 19.1% and is now trading at $6.20. View the best growth stocks for 2024 here. 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) released its quarterly earnings results on Tuesday, February, 20th. The company reported ($0.15) EPS for the quarter, missing the consensus estimate of ($0.14) by $0.01. The company earned $232 million during the quarter, compared to analyst estimates 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 in the previous year, the business earned ($0.15) EPS. 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), Global X Renewable Energy Producers ETF (RNRG), Fidelity Clean Energy ETF (FRNW), SPDR S&P Kensho Clean Power ETF (CNRG), First Trust Global Wind Energy ETF (FAN), First Trust NASDAQ Clean Edge Green Energy Index Fund (QCLN) and Invesco Solar ETF (TAN). 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 investors include Van ECK Associates Corp (0.27%), Mirae Asset Global Investments Co. Ltd. (0.05%), GSA Capital Partners LLP (0.04%), Jennison Associates LLC (0.04%), Counterpoint Mutual Funds LLC (0.01%) and Everett Harris & Co. CA (0.00%). 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 5/3/2024 by MarketBeat.com Staff From Our PartnersElon to Transform U.S. Economy? 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