RNW vs. ENLT, AY, CEPU, NEP, AMPS, ORA, CWEN, BEPC, TALO, and XPRO
Should you be buying ReNew Energy Global stock or one of its competitors? The main competitors of ReNew Energy Global include Enlight Renewable Energy (ENLT), Atlantica Sustainable Infrastructure (AY), Central Puerto (CEPU), NextEra Energy Partners (NEP), Altus Power (AMPS), Ormat Technologies (ORA), Clearway Energy (CWEN), Brookfield Renewable (BEPC), Talos Energy (TALO), and Expro Group (XPRO). These companies are all part of the "oils/energy" sector.
ReNew Energy Global (NASDAQ:RNW) and Enlight Renewable Energy (NASDAQ:ENLT) are both mid-cap oils/energy companies, but which is the superior investment? We will compare the two businesses based on the strength of their institutional ownership, community ranking, risk, analyst recommendations, media sentiment, dividends, profitability, valuation and earnings.
43.6% of ReNew Energy Global shares are owned by institutional investors. Comparatively, 38.9% of Enlight Renewable Energy shares are owned by institutional investors. 8.7% of ReNew Energy Global shares are owned by company insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a stock is poised for long-term growth.
ReNew Energy Global presently has a consensus target price of $8.35, suggesting a potential upside of 40.81%. Enlight Renewable Energy has a consensus target price of $18.75, suggesting a potential upside of 2.35%. Given ReNew Energy Global's stronger consensus rating and higher probable upside, research analysts clearly believe ReNew Energy Global is more favorable than Enlight Renewable Energy.
ReNew Energy Global has a beta of 0.91, suggesting that its share price is 9% less volatile than the S&P 500. Comparatively, Enlight Renewable Energy has a beta of 1.68, suggesting that its share price is 68% more volatile than the S&P 500.
In the previous week, ReNew Energy Global had 3 more articles in the media than Enlight Renewable Energy. MarketBeat recorded 8 mentions for ReNew Energy Global and 5 mentions for Enlight Renewable Energy. ReNew Energy Global's average media sentiment score of 0.81 beat Enlight Renewable Energy's score of -0.29 indicating that ReNew Energy Global is being referred to more favorably in the media.
Enlight Renewable Energy has lower revenue, but higher earnings than ReNew Energy Global. Enlight Renewable Energy is trading at a lower price-to-earnings ratio than ReNew Energy Global, indicating that it is currently the more affordable of the two stocks.
Enlight Renewable Energy has a net margin of 23.15% compared to ReNew Energy Global's net margin of 3.61%. Enlight Renewable Energy's return on equity of 4.47% beat ReNew Energy Global's return on equity.
ReNew Energy Global received 3 more outperform votes than Enlight Renewable Energy when rated by MarketBeat users. However, 78.57% of users gave Enlight Renewable Energy an outperform vote while only 42.42% of users gave ReNew Energy Global an outperform vote.
Summary
ReNew Energy Global beats Enlight Renewable Energy on 10 of the 18 factors compared between the two stocks.
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This chart shows the number of new MarketBeat users adding RNW and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
This chart shows the average media sentiment of NASDAQ and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
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