ReNew Energy Global Plc (RNW)
NASDAQ: RNW · IEX Real-Time Price · USD
5.71
-0.10 (-1.72%)
Apr 24, 2024, 4:00 PM EDT - Market closed
ReNew Energy Global Stock Forecast
Stock Price Forecast
The 6 analysts with 12-month price forecasts for ReNew Energy Global stock have an average target of 8.96, with a low estimate of 6.00 and a high estimate of 13. The average target predicts an increase of 56.92% from the current stock price of 5.71.
Analyst Consensus: Strong Buy
Analyst Ratings
The average analyst rating for RNW stock from 6 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 | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 4 | 5 | 5 | 5 | 5 | 5 |
| 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 | 5 | 6 | 6 | 6 | 6 | 6 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Roth MKM | Roth MKM | Strong Buy Maintains $9 → $8 | Strong Buy | Maintains | $9 → $8 | +40.11% | Apr 11, 2024 |
| Mizuho | Mizuho | Strong Buy Maintains $8 → $10 | Strong Buy | Maintains | $8 → $10 | +75.13% | Jan 3, 2024 |
| Goldman Sachs | Goldman Sachs | Strong Buy Maintains $7 → $8 | Strong Buy | Maintains | $7 → $8 | +40.11% | Dec 21, 2023 |
| Goldman Sachs | Goldman Sachs | Strong Buy Maintains $7 → $8 | Strong Buy | Maintains | $7 → $8 | +40.11% | Dec 20, 2023 |
| Roth MKM | Roth MKM | Strong Buy Reiterates $9 | Strong Buy | Reiterates | $9 | +57.62% | Nov 22, 2023 |
Financial Forecast
Revenue This Year
1.06B
from 89.31B
Decreased by -98.82%
Revenue Next Year
1.32B
from 1.06B
Increased by 24.60%
EPS This Year
-0.02
from -12.32
EPS Next Year
0.00
from -0.02
Revenue Forecast
| Revenue | 2023 | 2024 | 2025 |
|---|---|---|---|
| High | 1.2B | 1.5B | 1.6B |
| Avg | 1.1B | 1.3B | 1.5B |
| Low | 980.1M | 1.2B | 1.4B |
Revenue Growth
| Revenue Growth | 2023 | 2024 | 2025 |
|---|---|---|---|
| High | -98.7% | 44.0% | 20.0% |
| Avg | -98.8% | 24.6% | 14.4% |
| Low | -98.9% | 9.6% | 9.4% |
EPS Forecast
| EPS | 2023 | 2024 | 2025 |
|---|---|---|---|
| High | 0.12 | 0.51 | 0.68 |
| Avg | -0.02 | 0.00 | 0.29 |
| Low | -0.13 | -0.31 | 0.07 |
EPS Growth
| EPS Growth | 2023 | 2024 | 2025 |
|---|---|---|---|
| High | - | - | 40,699.4% |
| Avg | - | - | 16,963.9% |
| Low | - | - | 4,300.2% |
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.