Roth Capital Analysts Reduce Earnings Estimates for ReNew Energy Global Plc (NASDAQ:RNW)

ReNew Energy Global Plc (NASDAQ:RNW) – Research analysts at Roth Capital dropped their Q2 2025 EPS estimates for shares of ReNew Energy Global in a research report issued on Wednesday, April 10th. Roth Capital analyst J. Clare now expects that the company will earn $0.09 per share for the quarter, down from their previous forecast of $0.11. Roth Capital also issued estimates for ReNew Energy Global’s FY2026 earnings at $0.20 EPS.

A number of other equities research analysts have also recently weighed in on the company. The Goldman Sachs Group upped their price objective on ReNew Energy Global from $7.00 to $8.00 and gave the stock a “buy” rating in a research note on Wednesday, December 20th. Roth Mkm lowered their price target on shares of ReNew Energy Global from $9.00 to $8.00 and set a “buy” rating on the stock in a report on Thursday. Finally, Mizuho lifted their price objective on shares of ReNew Energy Global from $8.00 to $10.00 and gave the stock a “buy” rating in a research report on Wednesday, January 3rd. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $8.35.

ReNew Energy Global Stock Down 4.1 %

Shares of NASDAQ RNW opened at $5.61 on Friday. The stock has a market capitalization of $2.09 billion, a PE ratio of 56.20 and a beta of 0.91. The company has a current ratio of 0.85, a quick ratio of 0.84 and a debt-to-equity ratio of 4.57. ReNew Energy Global has a 12-month low of $4.78 and a 12-month high of $7.79. The stock’s fifty day simple moving average is $6.26 and its two-hundred day simple moving average is $6.33.

ReNew Energy Global (NASDAQ:RNW) last issued its quarterly earnings data on Tuesday, February 20th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.14) by ($0.01). The business had revenue of $232.00 million for the quarter, compared to analysts’ expectations of $195.90 million. ReNew Energy Global had a net margin of 3.61% and a return on equity of 2.96%. During the same period in the previous year, the business earned ($0.15) earnings per share.

Institutional Investors Weigh In On ReNew Energy Global

Large investors have recently modified their holdings of the business. Vident Investment Advisory LLC increased its position in shares of ReNew Energy Global by 8.4% in the 4th quarter. Vident Investment Advisory LLC now owns 25,127 shares of the company’s stock valued at $138,000 after acquiring an additional 1,954 shares during the period. UBS Group AG increased its holdings in shares of ReNew Energy Global by 12.2% in the fourth quarter. UBS Group AG now owns 18,794 shares of the company’s stock valued at $103,000 after purchasing an additional 2,042 shares during the period. Advisors Asset Management Inc. raised its stake in shares of ReNew Energy Global by 4.8% in the first quarter. Advisors Asset Management Inc. now owns 47,543 shares of the company’s stock worth $267,000 after purchasing an additional 2,182 shares during the last quarter. Sei Investments Co. raised its stake in shares of ReNew Energy Global by 21.4% in the second quarter. Sei Investments Co. now owns 17,000 shares of the company’s stock worth $110,000 after purchasing an additional 3,000 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV lifted its holdings in shares of ReNew Energy Global by 29.4% during the third quarter. Mercer Global Advisors Inc. ADV now owns 15,476 shares of the company’s stock worth $93,000 after purchasing an additional 3,515 shares during the period. Hedge funds and other institutional investors own 43.56% of the company’s stock.

ReNew Energy Global Company Profile

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.