Q1 2025 Earnings Forecast for ReNew Energy Global Plc Issued By Roth Capital (NASDAQ:RNW)

ReNew Energy Global Plc (NASDAQ:RNWFree Report) – Stock analysts at Roth Capital increased their Q1 2025 EPS estimates for ReNew Energy Global in a note issued to investors on Thursday, June 6th. Roth Capital analyst J. Clare now forecasts that the company will post earnings per share of $0.12 for the quarter, up from their previous estimate of $0.10. The consensus estimate for ReNew Energy Global’s current full-year earnings is $0.03 per share.

Separately, Roth Mkm reissued a “buy” rating and issued a $9.00 price target (up from $8.00) on shares of ReNew Energy Global in a research note on Friday.

View Our Latest Stock Report on RNW

ReNew Energy Global Stock Performance

RNW opened at $6.20 on Monday. The company has a quick ratio of 0.84, a current ratio of 0.73 and a debt-to-equity ratio of 4.65. The company has a market cap of $2.31 billion, a price-to-earnings ratio of 51.67 and a beta of 0.92. ReNew Energy Global has a 52-week low of $4.78 and a 52-week high of $7.79. The firm’s fifty day simple moving average is $5.90 and its two-hundred day simple moving average is $6.42.

Institutional Investors Weigh In On ReNew Energy Global

A number of institutional investors have recently made changes to their positions in RNW. Vanguard Personalized Indexing Management LLC acquired a new stake in shares of ReNew Energy Global during the third quarter valued at about $90,000. Pale Fire Capital SE acquired a new stake in shares of ReNew Energy Global during the third quarter valued at about $54,000. Rubric Capital Management LP grew its holdings in shares of ReNew Energy Global by 21.2% in the third quarter. Rubric Capital Management LP now owns 9,897,426 shares of the company’s stock valued at $53,743,000 after purchasing an additional 1,731,521 shares in the last quarter. Advisors Asset Management Inc. increased its stake in ReNew Energy Global by 18.9% during the 3rd quarter. Advisors Asset Management Inc. now owns 63,412 shares of the company’s stock worth $344,000 after buying an additional 10,082 shares during the period. Finally, GSA Capital Partners LLP increased its stake in ReNew Energy Global by 945.4% during the 3rd quarter. GSA Capital Partners LLP now owns 130,669 shares of the company’s stock worth $710,000 after buying an additional 118,169 shares during the period. 43.56% of the stock is currently owned by institutional investors and hedge funds.

ReNew Energy Global Company Profile

(Get Free Report)

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.

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Earnings History and Estimates for ReNew Energy Global (NASDAQ:RNW)

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