ReNew Energy Global Plc (RNW)

NASDAQ: RNW · IEX Real-Time Price · USD
6.58
+0.14 (2.17%)
At close: Dec 1, 2023, 4:00 PM
6.35
-0.23 (-3.50%)
After-hours: Dec 1, 2023, 6:58 PM EST
2.17%
Market Cap 2.40B
Revenue (ttm) 95.18B
Net Income (ttm) 3.03B
Shares Out 365.31M
EPS (ttm) 4.73
PE Ratio 1.39
Forward PE 127.82
Dividend n/a
Ex-Dividend Date n/a
Volume 400,555
Open 6.41
Previous Close 6.44
Day's Range 6.29 - 6.58
52-Week Range 4.04 - 6.90
Beta 0.77
Analysts Strong Buy
Price Target 8.95 (+36.02%)
Earnings Date Nov 20, 2023

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 Statements

Analyst Forecast

According to 5 analysts, the average rating for RNW stock is "Strong Buy." The 12-month stock price forecast is $8.95, which is an increase of 36.02% from the latest price.

Price Target
$8.95
(36.02% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

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.

13 days 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.

17 days 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.

20 days 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'.

24 days ago - Business Wire

Spark up your portfolio with the top energy stock: ReNew Energy

The world of energy stocks is going through changes nearly every week. The swings in the price of oil are sending further shocks that investors are only beginning to digest as part of a new normal.

25 days ago - MarketBeat

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.

7 weeks 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.

2 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.

2 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...

3 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.

3 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.

3 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.

4 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.

4 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.

4 months ago - Business Wire

ReNew Announces Appointment of Three Independent Directors

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

4 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.

4 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.

6 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.

6 months ago - Business Wire

ReNew Raises $400 Million Through Issuance of Green Bonds, Sees Strong Demand From Global Investors

GURUGRAM, India--(BUSINESS WIRE)---- $RNW #ReNew--ReNew said on Thursday that its wholly-owned subsidiary, Diamond II Limited, has raised $ 400 million through the issue of senior secured green bonds.

8 months ago - Business Wire

A Green Outlook for ReNew Energy

India is the country with the second-largest population in the world, and it is on track to become the largest. It also currently ranks as the world's third-largest electricity market.

8 months ago - GuruFocus

ReNew Ranks Among Top Renewable Power & Utility Companies Globally for ESG, Says Sustainalytics

GURUGRAM, India--(BUSINESS WIRE)---- $RNW #ESG--ReNew ranks among top renewable power & utility companies globally for ESG, says Sustainalytics.

8 months ago - Business Wire

ReNew Repays More Than $1 Billion to Offshore Bondholders in FY2023

GURUGRAM, India--(BUSINESS WIRE)---- $RNW #FY2027--ReNew Energy Global Plc announced on Tuesday that it has repaid more than $1 billion to its offshore bondholders in FY 2023.

8 months ago - Business Wire

ReNew Announces Results for the Third Quarter (Q3 FY23) and Nine Months of Fiscal 2023, both ended December 31, 2022

GURUGRAM, India , Feb. 17, 2023 /PRNewswire/ -- ReNew Energy Global Plc ("ReNew" or "the Company") (NASDAQ: RNW) (NASDAQ: RNWWW), a leading decarbonisation solutions company, today announced its conso...

10 months ago - PRNewsWire

ReNew recognized as one of the best companies globally for ESG performance by Refinitiv

ReNew's ESG performance rated best among electric utilities & IPPs in India and second globally GURUGRAM, India , Feb. 15, 2023 /PRNewswire/ -- ReNew Energy Global PLC, India's leading renewable energ...

10 months ago - PRNewsWire

ReNew Announces Date and Conference Call Details for Q3 FY 23 Earnings Report

GURUGRAM, India , Feb. 10, 2023 /PRNewswire/ -- ReNew Energy Global plc ("ReNew") (NASDAQ: RNW) (NASDAQ: RNWWW), India's leading renewable energy company, today announced it will issue its third quart...

10 months ago - PRNewsWire