NASDAQ:RNW ReNew Energy Global (RNW) Stock Price, News & Analysis → 4 Cryptos BETTER than Bitcoin (From True Market Insiders) (Ad) Free RNW Stock Alerts $5.94 -0.13 (-2.14%) (As of 05/28/2024 ET) Add Compare Share Share Today's Range$5.91▼$6.1450-Day Range$5.32▼$6.4652-Week Range$4.78▼$7.79Volume676,562 shsAverage Volume809,698 shsMarket Capitalization$2.22 billionP/E Ratio59.40Dividend YieldN/APrice Target$8.35 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/Downside40.6% Upside$8.35 Price TargetShort InterestHealthy3.24% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment1.07Based on 4 Articles This WeekInsider 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.2.60 out of 5 starsOils/Energy Sector163rd out of 238 stocksElectric Services Industry30th out of 43 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 4 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 4.0 Short Interest Percentage of Shares Shorted3.24% 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 4.8.Change versus previous monthShort interest in ReNew Energy Global has recently decreased by 10.99%, 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 3.4 News and Social Media Coverage News SentimentReNew Energy Global has a news sentiment score of 1.07. 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 4 news articles 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 Follows1 people have added ReNew Energy Global to their MarketBeat watchlist in the last 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 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 59.40, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 137.95.Price to Earnings Ratio vs. SectorThe P/E ratio of ReNew Energy Global is 59.40, which means that it is trading at a more expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 12.26.Price to Book Value per Share RatioReNew Energy Global has a P/B Ratio of 1.54. 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 Porter & CompanyObama’s Forever Term [exposed]Over a decade ago, I tried to warn you... Because the same forces are once again brewing… and what’s coming next will forever reshape everything you think you know about America. Start streaming it now at no cost 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 HeadlinesMay 28 at 9:42 AM | finance.yahoo.comReNew Announces Date and Conference Call Details for Fourth Quarter Earnings (Q4 FY24), Fiscal Year 2024 Results and Long-Term OutlookMay 27 at 11:12 AM | finance.yahoo.comIs It Too Late To Consider Buying ReNew Energy Global Plc (NASDAQ:RNW)?May 19, 2024 | americanbankingnews.comReNew Energy Global (NASDAQ:RNW) Shares Down 5.9% May 17, 2024 | msn.comRNW, BNRG, and AGR are among utility moversMay 15, 2024 | businesswire.comReNew and Societe Generale sign MoU for USD 1 Billion to broaden collaboration on energy transition projectsMay 15, 2024 | msn.comRenewable energy exceeds 30% of the global electricity supplyMay 14, 2024 | seekingalpha.comReNew Energy Global: Structural Growth Opportunities Clouded By DebtMay 9, 2024 | finance.yahoo.comReNew Signs 2.2 GW of PPAs Boosting its Clean Energy Portfolio to 15.6 GWMay 9, 2024 | investorplace.comRenewable Energy Risers: 3 Stocks Powering the Global Green ShiftMay 9, 2024 | msn.comRenewable Energy Sources Fulfilled 30% of Global Demand in 2023May 7, 2024 | reuters.comRenewables provided record 30% of global electricity in 2023, Ember saysApril 30, 2024 | finance.yahoo.comIs ReNew Energy Global Plc's (NASDAQ:RNW) 3.0% ROE Worse Than Average?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 goalsApril 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 TranscriptSee 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 Earnings2/20/2024Today5/28/2024Next 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+40.6%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage4 Analysts Profitability EPS (Most Recent Fiscal Year)$0.10 Trailing P/E Ratio59.40 Forward P/E Ratio148.50 P/E GrowthN/ANet Income$-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 / Sales2.04 Cash Flow$0.35 per share Price / Cash Flow17.15 Book Value$3.86 per share Price / Book1.54Miscellaneous Outstanding Shares373,040,000Free Float340,770,000Market Cap$2.22 billion OptionableOptionable Beta0.91 7 AI Stocks to Invest In: An Introduction to AI Investing For Self-Directed InvestorsAs the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.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 CompetitorsPinnacle West CapitalNYSE:PNWBrookfield Renewable PartnersNYSE:BEPOGE EnergyNYSE:OGEBrookfield RenewableNYSE:BEPCCEMIGNYSE:CIGView All CompetitorsInstitutional OwnershipSwedbank ABBought 802,400 shares on 5/21/2024Ownership: 0.215%Tidal Investments LLCBought 2,924 shares on 5/17/2024Ownership: 0.023%Sylebra Capital LLCSold 164,184 shares on 5/16/2024Ownership: 0.656%Advisors Asset Management Inc.Sold 6,377 shares on 5/14/2024Ownership: 0.017%MQS Management LLCBought 28,556 shares on 5/14/2024Ownership: 0.008%View All Institutional Transactions RNW Stock Analysis - Frequently Asked Questions Should I buy or sell ReNew Energy Global stock right now? 4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for ReNew Energy Global in the last year. There are currently 4 buy ratings for the stock. The consensus among Wall Street research 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? 4 analysts have issued 12 month price objectives for ReNew Energy Global's stock. 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 year. This suggests a possible upside of 40.6% 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 stock has decreased by 22.5% and is now trading at $5.94. 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) announced its quarterly earnings data on Tuesday, February, 20th. The company reported ($0.15) earnings per share for the quarter, missing analysts' consensus estimates of ($0.14) by $0.01. The firm earned $232 million during the quarter, compared to analysts' expectations 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 quarter in the previous year, the company earned ($0.15) earnings per share. 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 many different institutional and retail investors. Top institutional shareholders include Sylebra Capital LLC (0.66%), Picton Mahoney Asset Management (0.31%), Van ECK Associates Corp (0.27%), Swedbank AB (0.22%), Healthcare of Ontario Pension Plan Trust Fund (0.07%) and Mirae Asset Global Investments Co. Ltd. (0.05%). 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 5/29/2024 by MarketBeat.com Staff From Our PartnersThe #1 Crypto That You Don’t Own… YetCrypto 101 MediaYou won't believe what Citigroup just did to it's depositorsAmerican Alternative4 Cryptos BETTER than BitcoinTrue Market InsidersHe Is Giving Away BitcoinCrypto Swap ProfitsWrite this ticker symbol down…StocksToTradeBill Clinton Backing Biden Replacement???The Freeport SocietyMust-See: Elon’s New Invention is Absolutely InsaneInvestorPlaceNvidia is Pivoting to Solve Big Tech’s $1 Trillion ProblemWeiss Ratings Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. 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