ReNew Energy Global Plc (RNW)
NASDAQ: RNW · IEX Real-Time Price · USD
6.14
+0.06 (0.99%)
Jul 2, 2024, 4:00 PM EDT - Market closed
ReNew Energy Global Stock Forecast
Stock Price Forecast
The 5 analysts with 12-month price forecasts for ReNew Energy Global stock have an average target of 9.75, with a low estimate of 8.00 and a high estimate of 13. The average target predicts an increase of 58.79% from the current stock price of 6.14.
Analyst Consensus: Strong Buy
Analyst Ratings
The average analyst rating for RNW stock from 5 stock analysts is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.
Recommendation Trends
| Rating | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 5 | 5 | 5 | 5 | 5 | 4 |
| Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Hold | 1 | 1 | 1 | 1 | 1 | 1 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 6 | 6 | 6 | 6 | 6 | 5 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Roth MKM | Roth MKM | Strong Buy Reiterates $8 → $9 | Strong Buy | Reiterates | $8 → $9 | +46.58% | Jun 7, 2024 |
| Roth MKM | Roth MKM | Strong Buy Maintains $9 → $8 | Strong Buy | Maintains | $9 → $8 | +30.29% | Apr 11, 2024 |
| Mizuho | Mizuho | Strong Buy Maintains $8 → $10 | Strong Buy | Maintains | $8 → $10 | +62.87% | Jan 3, 2024 |
| Goldman Sachs | Goldman Sachs | Strong Buy Maintains $7 → $8 | Strong Buy | Maintains | $7 → $8 | +30.29% | Dec 21, 2023 |
| Goldman Sachs | Goldman Sachs | Strong Buy Maintains $7 → $8 | Strong Buy | Maintains | $7 → $8 | +30.29% | Dec 20, 2023 |
Financial Forecast
Revenue This Year
1.06B
from 89.31B
Decreased by -98.82%
Revenue Next Year
1.26B
from 1.06B
Increased by 18.73%
EPS This Year
-0.00
from -12.32
EPS Next Year
0.06
from -0.00
Revenue Forecast
| Revenue | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|
| High | 1.2B | 1.5B | 1.9B | 170.5B | 121.7B |
| Avg | 1.1B | 1.3B | 1.5B | 135.1B | 117.1B |
| Low | 960.4M | 1.1B | 1.3B | 105.8B | 113.6B |
Revenue Growth
| Revenue Growth | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|
| High | -98.7% | 44.0% | 47.8% | 11,128.6% | -9.9% |
| Avg | -98.8% | 18.7% | 21.0% | 8,796.6% | -13.3% |
| Low | -98.9% | 4.0% | 4.5% | 6,867.2% | -15.9% |
EPS Forecast
| EPS | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|
| High | 0.12 | 0.38 | 1.20 | 56.06 | 48.18 |
| Avg | -0.00 | 0.06 | 0.40 | 37.56 | 46.34 |
| Low | -0.23 | -0.31 | 0.02 | 20.57 | 44.97 |
EPS Growth
| EPS Growth | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|
| High | - | - | 1,799.3% | 14,015.0% | 28.3% |
| Avg | - | - | 530.2% | 9,358.0% | 23.4% |
| Low | - | - | -68.9% | 5,080.2% | 19.7% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.