NASDAQ:RNW ReNew Energy Global (RNW) Stock Price, News & Analysis $5.89 +0.03 (+0.51%) (As of 09/6/2024 ET) Add Compare Share Share Today's Range$5.84▼$5.9050-Day Range$5.46▼$6.2152-Week Range$4.78▼$7.79Volume385,208 shsAverage Volume869,653 shsMarket Capitalization$2.20 billionP/E Ratio49.08Dividend YieldN/APrice Target$8.67 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesOptions ChainOwnershipSEC FilingsShort InterestTrendsStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesOptions ChainOwnershipSEC FilingsShort InterestTrends Get ReNew Energy Global alerts: Email Address ReNew Energy Global MarketRank™ Stock AnalysisAnalyst RatingBuy3.00 Rating ScoreUpside/Downside47.1% Upside$8.67 Price TargetShort InterestHealthy4.16% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews SentimentN/AInsider TradingN/AProj. Earnings Growth188.89%From $0.09 to $0.26 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.3.20 out of 5 starsOils/Energy Sector133rd out of 239 stocksElectric Services Industry28th out of 46 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 3 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.Read more about ReNew Energy Global's stock forecast and price target. Previous Next 3.0 Short Interest Percentage of Shares Shorted4.16% 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 6.6.Change versus previous monthShort interest in ReNew Energy Global has recently decreased by 2.84%, indicating that investor sentiment is improving. 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 2.4 News and Social Media Coverage News SentimentReNew Energy Global has a news sentiment score of 1.34. 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 0.66 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 1 people have searched for RNW on MarketBeat in the last 30 days. This is a decrease of -83% 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 0% 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.Read more about ReNew Energy Global's insider trading history. Previous Next 2.5 Earnings and Valuation Earnings GrowthEarnings for ReNew Energy Global are expected to grow by 188.89% in the coming year, from $0.09 to $0.26 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of ReNew Energy Global is 49.08, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 128.08.Price to Earnings Ratio vs. SectorThe P/E ratio of ReNew Energy Global is 49.08, which means that it is trading at a more expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 13.64.Price to Book Value per Share RatioReNew Energy Global has a P/B Ratio of 1.46. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.Read more about ReNew Energy Global's valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad Paradigm PressKamala’s Dirty Election Move… RevealedAccording to former advisor to the CIA, the Pentagon and the White House Jim Rickards… Kamala and her puppet masters are planning this dirty election move… Click here now and learn how to prepare. 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 HeadlinesAugust 27, 2024 | msn.comMicrosoft And India's ReNew Energy Forge Green Attribute Deal To Boost Carbon Neutrality EffortsAugust 26, 2024 | tmcnet.comSany Renewable Energy: Leading the Wind Power Industry's Green Transformation with BSI CertificationSeptember 7, 2024 | Golden Crest (Ad)Biden’s Capital Gains Tax to Devastate Savings!Don't let the corrupt elites dictate your future—ACT NOW! This guide is your first step towards financial independence and security.August 18, 2024 | finance.yahoo.comReNew Energy Global First Quarter 2025 Earnings: Misses ExpectationsAugust 16, 2024 | businesswire.comReNew Announces Results for the First Quarter for Fiscal Year 2025 (Q1 FY25), ended June 30, 2024 24% surge in operating capacity YoY; reiterates FY25 MW and EBITDA guidanceAugust 15, 2024 | markets.businessinsider.comRNW Stock Earnings: ReNew Energy Glb Misses Revenue for Q1 2025August 14, 2024 | markets.businessinsider.comReNew Energy Global A is about to announce its earnings — here's what to expectAugust 11, 2024 | nz.finance.yahoo.comReNew Energy Global Plc (7JU.F)September 7, 2024 | Golden Crest (Ad)Biden’s Capital Gains Tax to Devastate Savings!Don't let the corrupt elites dictate your future—ACT NOW! This guide is your first step towards financial independence and security.August 8, 2024 | finance.yahoo.comReNew Energy Global's (NASDAQ:RNW) Promising Earnings May Rest On Soft FoundationsAugust 8, 2024 | finance.yahoo.comReNew Announces Date and Conference Call Details for First Quarter FY25 EarningsAugust 5, 2024 | finance.yahoo.comReNew Publishes First Annual Integrated Report Aligned With International Integrated Reporting StandardsAugust 3, 2024 | oilprice.comGlobal Demand for Renewable Energy Is Set to SurgeJuly 30, 2024 | ft.comLow valuations for clean energy groups are hampering green transition, says ReNew bossJuly 26, 2024 | msn.comDo Options Traders Know Something About ReNew Energy (RNW) Stock We Don't?July 24, 2024 | reuters.comBaywa Re Renewable Energy GmbHJune 18, 2024 | seekingalpha.comReNew Energy Global Emerging As Leader In India's Renewable TransitionJune 5, 2024 | businesswire.comReNew Announces Results for the Fourth Quarter and Full Fiscal Year 2024: Reports PAT for FY24 and Provides Long Term OutlookSee 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 Earnings2/20/2024Today9/07/2024Next Earnings (Estimated)11/18/2024Fiscal Year End3/31/2025Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ SectorOils/Energy Industry Electric services Sub-IndustryUtilities Current SymbolNASDAQ:RNW CUSIPN/A CIK1848763 Webwww.rmgacquisition.com Phone124-489-6670FaxN/AEmployees3,988Year FoundedN/APrice Target and Rating Average Stock Price Target$8.67 High Stock Price Target$10.00 Low Stock Price Target$8.00 Potential Upside/Downside+47.1%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)$0.12 Trailing P/E Ratio49.08 Forward P/E Ratio65.44 P/E GrowthN/ANet Income$41 million Net Margins1.53% Pretax Margin6.14% Return on Equity1.23% Return on Assets0.17% Debt Debt-to-Equity Ratio4.65 Current Ratio0.67 Quick Ratio0.66 Sales & Book Value Annual Sales$82.88 billion Price / Sales0.03 Cash Flow$0.75 per share Price / Cash Flow7.81 Book Value$4.03 per share Price / Book1.46Miscellaneous Outstanding Shares373,038,000Free Float340,770,000Market Cap$2.20 billion OptionableOptionable Beta0.92 10 "Recession Proof" Stocks That Will Thrive in Any MarketWhich stocks are likely to thrive in today's challenging market? Click the link below and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.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. Sanjay Varghese (Age 54)President of ReNew Projects Mr. Vikram KapurGroup President of Growth Business (Green Hydrogen, Carbon Credits, Digital) & InternationalMore ExecutivesKey CompetitorsDT MidstreamNYSE:DTMCompanhia Paranaense de EnergiaNYSE:ELPCBrookfield Renewable PartnersNYSE:BEPKinetikNASDAQ:KNTKEnLink MidstreamNYSE:ENLCView All CompetitorsInstitutional OwnershipMillennium Management LLCBought 1,802,191 shares on 8/15/2024Ownership: 1.281%Daymark Wealth Partners LLCBought 911,219 shares on 8/15/2024Ownership: 0.244%The Manufacturers Life Insurance Company Bought 66,172 shares on 8/15/2024Ownership: 0.224%Cubist Systematic Strategies LLCBought 62,786 shares on 8/14/2024Ownership: 0.017%Rubric Capital Management LPBought 1,794,402 shares on 8/13/2024Ownership: 3.621%View All Institutional Transactions RNW Stock Analysis - Frequently Asked Questions How have RNW shares performed this year? ReNew Energy Global's stock was trading at $7.66 at the beginning of the year. Since then, RNW stock has decreased by 23.1% and is now trading at $5.89. View the best growth stocks for 2024 here. How were ReNew Energy Global's earnings last quarter? ReNew Energy Global Plc (NASDAQ:RNW) posted its quarterly earnings results on Tuesday, February, 20th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.14) by $0.01. The company earned $232 million during the quarter, compared to the consensus estimate of $195.90 million. ReNew Energy Global had a net margin of 1.53% and a trailing twelve-month return on equity of 1.23%. Who are ReNew Energy Global's major shareholders? Top institutional investors of ReNew Energy Global include Rubric Capital Management LP (3.62%), Tortoise Capital Advisors L.L.C. (1.52%), Millennium Management LLC (1.28%) and Picton Mahoney Asset Management (0.34%). 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 9/7/2024 by MarketBeat.com Staff From Our PartnersPerfect Crypto Buying Opportunity for 50 CentsWhen cryptos take a hit, the mom and pop investors run for the hills. But the top investors keep buying wit...Crypto 101 Media | SponsoredThe solution to fast food’s wage hike crisisShake Shack will be closing six California locations in response to the recent $20/hour minimum wage increase,...Deal Maker | SponsoredPre-IPO| 32,481% Growth: First Disruption to $martphones in 15 Years🤳45M Users | 32,481% Growth Rate Get in on the biggest disruption to smartphones in over a decade. 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