ReNew Energy Global Plc (RNW)

NASDAQ: RNW · IEX Real-Time Price · USD
5.48
+0.02 (0.37%)
At close: Jul 19, 2024, 4:00 PM
5.56
+0.08 (1.46%)
Pre-market: Jul 20, 2024, 9:29 AM EDT
0.37%
Market Cap 2.04B
Revenue (ttm) 1.17B
Net Income (ttm) 49.75M
Shares Out 373.04M
EPS (ttm) 0.12
PE Ratio 46.92
Forward PE 34.20
Dividend n/a
Ex-Dividend Date n/a
Volume 630,897
Open 5.43
Previous Close 5.46
Day's Range 5.41 - 5.53
52-Week Range 4.78 - 7.79
Beta 0.93
Analysts Strong Buy
Price Target 8.94 (+63.14%)
Earnings Date Aug 16, 2024

About 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 se... [Read more]

Sector Utilities
Founded 2011
Employees 2,481
Stock Exchange NASDAQ
Ticker Symbol RNW
Full Company Profile

Financial Performance

In 2022, RNW's revenue was 89.31 billion, an increase of 29.07% compared to the previous year's 69.20 billion. Losses were -5.03 billion, -68.72% less than in 2021.

Financial numbers in INR Financial Statements

Analyst Forecast

According to 4 analysts, the average rating for RNW stock is "Strong Buy." The 12-month stock price forecast is $8.94, which is an increase of 63.14% from the latest price.

Price Target
$8.94
(63.14% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

ReNew Chairman and CEO Sumant Sinha to Lead Global Climate Action as Alliance Co-Chair

GURUGRAM, India--(BUSINESS WIRE)---- $RNW #AllianceofCEOClimateLeaders--Mr. Sumant Sinha, Chairman and CEO of ReNew, has been named Co-Chair of the Alliance of CEO Climate Leaders.

6 days ago - Business Wire

ReNew Energy CEO: Modi's new government will be 'as supportive as it has been' for renewable energy

ReNew Energy CEO: Modi's new government will be 'as supportive as it has been' for renewable energy.

6 weeks ago - CNBC International TV

ReNew Announces Results for the Fourth Quarter and Full Fiscal Year 2024: Reports PAT for FY24 and Provides Long Term Outlook

GURUGRAM, India--(BUSINESS WIRE)---- $RNW #FY24--ReNew Energy Global Plc today announced its unaudited consolidated IFRS results for Q4 FY24 and year ended March 31, 2024.

6 weeks ago - Business Wire

ReNew Announces Date and Conference Call Details for Fourth Quarter Earnings (Q4 FY24), Fiscal Year 2024 Results and Long-Term Outlook

GURUGRAM, India--(BUSINESS WIRE)---- $RNW #ConferenceCall--ReNew announces date and conference call details for fourth quarter earnings (Q4 FY24), fiscal year 2024 results and long-term outlook.

7 weeks ago - Business Wire

ReNew and Societe Generale sign MoU for USD 1 Billion to broaden collaboration on energy transition projects

NEW DELHI--(BUSINESS WIRE)---- $RNW #Europeanbank--ReNew and Societe Generale sign MoU for USD 1 Billion to broaden collaboration on energy transition projects.

2 months ago - Business Wire

ReNew Signs 2.2 GW of PPAs Boosting its Clean Energy Portfolio to 15.6 GW

GURGAON, India--(BUSINESS WIRE)---- $RNW #CleanEnergy--ReNew, India's leading renewable energy company, has announced the signing of five Power Purchase Agreements totaling ~2.2 GW of RE capacity.

2 months ago - Business Wire

ReNew partners with JERA to evaluate Joint Development of Green Ammonia Project in India

GURGAON, India--(BUSINESS WIRE)---- $RNW #CUF--ReNew partners with JERA to evaluate joint development of Green Ammonia Project in India.

3 months ago - Business Wire

ReNew Crosses 10 GW of Gross Renewable Energy Assets

NEW DELHI--(BUSINESS WIRE)---- $RNW #CO2emissions--ReNew announced it has completed construction of 1.94 GW of RE assets in FY24, taking the cumulative capacity set up by the company to over 10 GW.

3 months ago - Business Wire

ReNew Announces Results for the Third Quarter and Nine Months of Fiscal Year 2024: Increases the bottom end of Adjusted EBITDA guidance for FY24 by 2%

GURUGRAM, India--(BUSINESS WIRE)---- $RNW #IFRS--ReNew Energy Global Plc today announced its unaudited consolidated IFRS results for Q3 FY24 and nine months ended December 31, 2023.

5 months ago - Business Wire

ReNew Announces Date and Conference Call Details for Q3 FY 24 Earnings Report

GURUGRAM, India--(BUSINESS WIRE)---- $RNW #Nasdaq--ReNew will issue its third quarter (October-December 2023) fiscal year 2024 earnings report before the Nasdaq opens on February 20, 2024.

5 months ago - Business Wire

ReNew Refinances US$ 325 Million Debt Three Months Ahead of Maturity

GURUGRAM, India--(BUSINESS WIRE)---- $RNW #IndiaGreenEnergy--ReNew Energy Global plc on Friday announced the refinancing of Non-Convertible Debentures (NCDs) worth INR 23,910 million.

6 months ago - Business Wire

ReNew Signs Contract to Sell 300 MW Solar Project at a Valuation of $199 Million

GURUGRAM, India--(BUSINESS WIRE)---- $RNW #IndiaGridTrust--ReNew announced on Monday that it has signed a Share Purchase Agreement with India Grid Trust to sell a 300 MW solar project in Rajasthan.

6 months ago - Business Wire

COP28 Presidency Recognises ReNew as Clean Energy Transition Changemaker

GURUGRAM, India--(BUSINESS WIRE)---- $RNW #COP28--ReNew's Round-the-Clock Power Project was felicitated at a dedicated ceremony at Expo City Dubai.

8 months ago - Business Wire

ReNew Signs MoU with Asian Development Bank for US$ 5.3 billion

GURUGRAM, India--(BUSINESS WIRE)---- $RNW #ADB--The MoU was signed at COP28 by ReNew Chairman Sumant Sinha & Suzanne Gaboury, ADB Director General, Private Sector Operations.

8 months ago - Business Wire

ReNew Announces Results for Second Quarter and Half Year Results for Fiscal Year 2024: US$81 million PAT for H1 FY24, Raises EBITDA Guidance for FY24

GURUGRAM, India--(BUSINESS WIRE)---- $RNW #EBITDA--ReNew Energy Global Plc today announced its consolidated unaudited IFRS results for the three-month period ended September 30, 2023.

8 months ago - Business Wire

ReNew Successfully Commissions Its First Interstate Transmission Scheme (ISTS) Project Following Investment From Norfund and KLP

GURUGRAM, India--(BUSINESS WIRE)---- $RNW #CentralTransmissionUtility--ReNew successfully commissions its first Interstate Transmission Scheme (ISTS) project following investment from Norfund and KLP.

8 months ago - Business Wire

ReNew Announces Date and Conference Call Details for Q2 FY 24 Earnings Report

GURUGRAM, India--(BUSINESS WIRE)---- $RNW #ConferenceCall--ReNew today announced it will issue its second quarter fiscal year 2024 earnings report before opening of the Nasdaq on November 20, 2023.

8 months ago - Business Wire

ReNew Releases Third Sustainability Report: Driving Decarbonisation

GURUGRAM, India--(BUSINESS WIRE)---- $RNW #CSRprogrammes--ReNew Energy Global Plc today released its Sustainability Report for FY22-23, titled ‘Driving Decarbonisation'.

9 months ago - Business Wire

ReNew recognised in Top 15 Climate Tech Companies to Watch

GURUGRAM, India--(BUSINESS WIRE)---- $RNW #ClimateTechCompanies--ReNew has been recognised in MIT Technology Review's Top 15 Climate Tech Companies to Watch.

10 months ago - Business Wire

USISPF, ReNew and the Consulate General of India Bring Together Business and Government Leaders to Discuss U.S.- India Climate Partnership

NEW YORK--(BUSINESS WIRE)---- $RNW #ClimatePartnership--USISPF, ReNew and the Consulate General of India bring together business and government leaders to discuss U.S.- India Climate Partnership.

10 months ago - Business Wire

ReNew Announces Clinton Global Initiative Commitment to Business-Driven Clean Energy and Education in India

NEW YORK--(BUSINESS WIRE)---- $RNW #CleanEnergyEducation--ReNew Announces Clinton Global Initiative Commitment to Business-Driven Clean Energy and Education in India.

10 months ago - Business Wire

ReNew Appoints Kailash Vaswani as Chief Financial Officer

GURUGRAM, India--(BUSINESS WIRE)---- $RNW #ChiefFinancialOfficer--Following Mr. Upadhye's resignation, Mr. Kailash Vaswani has been appointed as Chief Financial Officer of ReNew with effect from Octob...

11 months ago - Business Wire

ReNew Announces Results for the First Quarter (Q1 FY24) and Fiscal 2024 Ended June 30, 2023

GURUGRAM, India--(BUSINESS WIRE)---- $RNW #FirstQuarter--ReNew Energy Global Plc today announced its consolidated unaudited IFRS results for the three month period ended June 30, 2023.

1 year ago - Business Wire

ReNew Announces Date and Conference Call Details for Q1 FY 24 Earnings Report

GURUGRAM, India--(BUSINESS WIRE)---- $RNW #ConferenceCall--ReNew Announces Date and Conference Call Details for Q1 FY 24 Earnings Report.

1 year ago - Business Wire

ReNew Energy Global Plc to hold its second Annual General Meeting on September 12, 2023

GURUGRAM, India--(BUSINESS WIRE)---- $RNW #AGM--ReNew Energy Global Plc to hold its second Annual General Meeting on September 12, 2023.

1 year ago - Business Wire