ReNew Energy Global Plc (RNW)

NASDAQ: RNW · IEX Real-Time Price · USD
5.65
+0.11 (1.99%)
At close: Apr 19, 2024, 4:00 PM
5.57
-0.08 (-1.42%)
After-hours: Apr 19, 2024, 7:50 PM EDT
1.99%
Market Cap 2.11B
Revenue (ttm) 1.18B
Net Income (ttm) 45.97M
Shares Out 373.04M
EPS (ttm) 0.10
PE Ratio 55.09
Forward PE 88.50
Dividend n/a
Ex-Dividend Date n/a
Volume 1,383,399
Open 5.54
Previous Close 5.54
Day's Range 5.54 - 5.65
52-Week Range 4.78 - 7.79
Beta 0.90
Analysts Strong Buy
Price Target 8.96 (+58.58%)
Earnings Date Jun 4, 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 -4.82 billion, -70.04% less than in 2021.

Financial numbers in INR Financial Statements

Analyst Forecast

According to 6 analysts, the average rating for RNW stock is "Strong Buy." The 12-month stock price forecast is $8.96, which is an increase of 58.58% from the latest price.

Price Target
$8.96
(58.58% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

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.

1 day 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.

9 days 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.

2 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.

2 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.

3 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.

3 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.

4 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.

4 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.

5 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.

5 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.

5 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'.

5 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.

6 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.

7 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.

7 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...

8 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.

8 months 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.

8 months 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.

9 months ago - Business Wire

ReNew Energy Global Plc Files its Annual Report on Form 20-F for Financial Year Ended March 31, 2023

GURUGRAM, India--(BUSINESS WIRE)---- $RNW #AnnualReport--ReNew Energy Global Plc announced that it has filed its annual report on form 20-F for the financial year ended March 31, 2023.

9 months ago - Business Wire

ReNew and Gentari announce strategic collaboration for 5 GW renewable capacity in India

GURUGRAM, India--(BUSINESS WIRE)---- $RNW #Gentari--ReNew and Gentari announce strategic collaboration for 5 GW renewable capacity in India.

9 months ago - Business Wire

ReNew Announces Appointment of Three Independent Directors

GURGAON, India--(BUSINESS WIRE)---- $RNW #AnnualGeneralMeeting--ReNew announces appointment of three Independent Directors.

9 months ago - Business Wire

ReNew Signs MoUs for INR 640 Billion (~US $7.8 bn) for Green Energy Projects

GURUGRAM, India--(BUSINESS WIRE)---- $RNW #CleanEnergy--ReNew Energy Global Plc announced on Friday that it has signed MoUs worth INR 640 billion with PFC and REC for its green energy projects.

9 months ago - Business Wire

ReNew Announces Results for the Fourth Quarter (Q4 FY23) and Fiscal 2023, both ended March 31, 2023

GURUGRAM, India--(BUSINESS WIRE)---- $RNW #Fiscal2023--ReNew Energy Global Plc today announced its consolidated IFRS results for Q4 FY23 and the fiscal year ended March 31, 2023.

11 months ago - Business Wire

ReNew Announces Date and Conference Call Details for Q4 FY 23 Earnings Report

GURUGRAM, India--(BUSINESS WIRE)---- $RNW #EarningsReport--ReNew Announces Date and Conference Call Details for Q4 FY 23 Earnings Report.

11 months ago - Business Wire