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ReNew Energy Global (RNW) Competitors

ReNew Energy Global logo
$5.39 +0.05 (+0.94%)
(As of 11/15/2024 ET)

RNW vs. BEP, ENLC, ELPC, BIPC, CWEN, BEPC, OGS, UGP, AROC, and PAM

Should you be buying ReNew Energy Global stock or one of its competitors? The main competitors of ReNew Energy Global include Brookfield Renewable Partners (BEP), EnLink Midstream (ENLC), Companhia Paranaense de Energia (ELPC), Brookfield Infrastructure (BIPC), Clearway Energy (CWEN), Brookfield Renewable (BEPC), ONE Gas (OGS), Ultrapar Participações (UGP), Archrock (AROC), and Pampa Energía (PAM). These companies are all part of the "utilities" industry.

ReNew Energy Global vs.

Brookfield Renewable Partners (NYSE:BEP) and ReNew Energy Global (NASDAQ:RNW) are both utilities companies, but which is the better stock? We will compare the two companies based on the strength of their profitability, media sentiment, dividends, valuation, risk, institutional ownership, community ranking, analyst recommendations and earnings.

63.2% of Brookfield Renewable Partners shares are held by institutional investors. Comparatively, 43.6% of ReNew Energy Global shares are held by institutional investors. 8.7% of ReNew Energy Global shares are held by company insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a stock will outperform the market over the long term.

ReNew Energy Global has lower revenue, but higher earnings than Brookfield Renewable Partners. Brookfield Renewable Partners 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.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Brookfield Renewable Partners$5.04B1.42-$21M-$0.82-30.71
ReNew Energy Global$1.16B1.69$41M$0.03179.67

In the previous week, Brookfield Renewable Partners had 3 more articles in the media than ReNew Energy Global. MarketBeat recorded 7 mentions for Brookfield Renewable Partners and 4 mentions for ReNew Energy Global. ReNew Energy Global's average media sentiment score of 1.10 beat Brookfield Renewable Partners' score of 0.66 indicating that ReNew Energy Global is being referred to more favorably in the news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Brookfield Renewable Partners
4 Very Positive mention(s)
1 Positive mention(s)
1 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
ReNew Energy Global
0 Very Positive mention(s)
1 Positive mention(s)
2 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

Brookfield Renewable Partners received 449 more outperform votes than ReNew Energy Global when rated by MarketBeat users. Likewise, 61.51% of users gave Brookfield Renewable Partners an outperform vote while only 44.44% of users gave ReNew Energy Global an outperform vote.

CompanyUnderperformOutperform
Brookfield Renewable PartnersOutperform Votes
465
61.51%
Underperform Votes
291
38.49%
ReNew Energy GlobalOutperform Votes
16
44.44%
Underperform Votes
20
55.56%

Brookfield Renewable Partners has a beta of 0.95, indicating that its share price is 5% less volatile than the S&P 500. Comparatively, ReNew Energy Global has a beta of 0.95, indicating that its share price is 5% less volatile than the S&P 500.

Brookfield Renewable Partners presently has a consensus target price of $31.78, suggesting a potential upside of 26.20%. ReNew Energy Global has a consensus target price of $8.67, suggesting a potential upside of 60.79%. Given ReNew Energy Global's higher probable upside, analysts plainly believe ReNew Energy Global is more favorable than Brookfield Renewable Partners.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Brookfield Renewable Partners
0 Sell rating(s)
1 Hold rating(s)
6 Buy rating(s)
1 Strong Buy rating(s)
3.00
ReNew Energy Global
0 Sell rating(s)
1 Hold rating(s)
3 Buy rating(s)
0 Strong Buy rating(s)
2.75

ReNew Energy Global has a net margin of 1.53% compared to Brookfield Renewable Partners' net margin of 1.16%. ReNew Energy Global's return on equity of 1.23% beat Brookfield Renewable Partners' return on equity.

Company Net Margins Return on Equity Return on Assets
Brookfield Renewable Partners1.16% 0.24% 0.09%
ReNew Energy Global 1.53%1.23%0.17%

Summary

ReNew Energy Global beats Brookfield Renewable Partners on 10 of the 18 factors compared between the two stocks.

New MarketBeat Followers Over Time

This chart shows the number of new MarketBeat users adding {thisCompany.Symbol} and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
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Media Sentiment Over Time

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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RNW vs. The Competition

MetricReNew Energy GlobalElectric services IndustryEnergy SectorNASDAQ Exchange
Market Cap$1.95B$13.83B$8.90B$8.74B
Dividend YieldN/A4.43%11.66%4.07%
P/E Ratio179.6714.1110.8413.27
Price / Sales1.698,788.8278.9281.14
Price / Cash7.498.8310.0435.77
Price / Book1.341.933.345.92
Net Income$41M$666.33M$957.26M$225.73M
7 Day Performance0.19%-0.72%4.67%-1.34%
1 Month Performance-10.32%-0.24%0.75%1.15%
1 Year Performance-9.11%23.16%424.48%24.02%

ReNew Energy Global Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
RNW
ReNew Energy Global
3.312 of 5 stars
$5.39
+0.9%
$8.67
+60.8%
-8.6%$1.95B$1.16B179.673,988Upcoming Earnings
Positive News
BEP
Brookfield Renewable Partners
4.0711 of 5 stars
$25.90
-2.0%
N/A+1.0%$7.38B$5.04B-31.584,770Earnings Report
Dividend Announcement
Short Interest ↓
ENLC
EnLink Midstream
2.2341 of 5 stars
$15.47
+1.6%
N/A+24.3%$7.14B$6.90B73.641,072Short Interest ↑
Analyst Revision
ELPC
Companhia Paranaense de Energia
N/A$5.75
-1.4%
N/AN/A$6.15B$22.01B0.005,730Gap Down
BIPC
Brookfield Infrastructure
N/A$43.60
+1.9%
N/A+35.9%$5.76B$3.64B30.281,700Positive News
CWEN
Clearway Energy
2.4581 of 5 stars
$27.95
+0.6%
N/A+21.8%$5.65B$1.31B26.8860Analyst Downgrade
Short Interest ↑
Positive News
BEPC
Brookfield Renewable
3.209 of 5 stars
$30.59
-2.3%
N/A+13.8%$5.50B$5.04B-37.301,890Earnings Report
Dividend Announcement
Short Interest ↑
OGS
ONE Gas
3.471 of 5 stars
$75.01
+2.3%
N/A+22.1%$4.25B$2.37B19.533,900Analyst Downgrade
UGP
Ultrapar Participações
3.7745 of 5 stars
$3.60
-0.3%
N/A-32.4%$4.01B$128.64B6.919,729Analyst Downgrade
Short Interest ↑
News Coverage
AROC
Archrock
3.4047 of 5 stars
$23.61
+4.3%
N/A+64.9%$3.99B$990.34M26.521,100Earnings Report
Analyst Forecast
Analyst Revision
News Coverage
PAM
Pampa Energía
1.3944 of 5 stars
$70.99
+1.2%
N/A+113.1%$3.87B$1.99T10.921,924Analyst Upgrade

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This page (NASDAQ:RNW) was last updated on 11/17/2024 by MarketBeat.com Staff
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