ReNew Energy Global (NASDAQ:RNW) Sees Unusually-High Trading Volume – Still a Buy?

Posted by Francis Steltz on Aug 12th, 2026

ReNew Energy Global PLC (NASDAQ:RNW – Get Free Report) shares saw an uptick in trading volume on Wednesday . 1,017,503 shares changed hands during mid-day trading, a decline of 13% from the previous session’s volume of 1,173,966 shares.The stock last traded at $6.8150 and had previously closed at $6.85.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Weiss Ratings raised shares of ReNew Energy Global from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, June 24th. Zacks Research cut shares of ReNew Energy Global from a “strong-buy” rating to a “hold” rating in a report on Friday, July 17th. Finally, Mizuho decreased their target price on shares of ReNew Energy Global from $7.00 to $6.75 and set a “neutral” rating for the company in a research report on Monday, June 1st. Three analysts have rated the stock with a Hold rating, According to MarketBeat, ReNew Energy Global currently has an average rating of “Hold” and an average price target of $6.39.

Read Our Latest Research Report on ReNew Energy Global

ReNew Energy Global Stock Performance

The firm has a fifty day moving average of $6.21 and a 200 day moving average of $5.63. The company has a debt-to-equity ratio of 3.66, a current ratio of 0.43 and a quick ratio of 0.38. The stock has a market capitalization of $2.47 billion, a price-to-earnings ratio of 21.97 and a beta of 1.12.

ReNew Energy Global (NASDAQ:RNW – Get Free Report) last announced its quarterly earnings results on Thursday, June 25th. The company reported $0.10 earnings per share (EPS) for the quarter. ReNew Energy Global had a return on equity of 7.57% and a net margin of 7.18%.The company had revenue of $340.00 million during the quarter, compared to the consensus estimate of $291.80 million. On average, sell-side analysts anticipate that ReNew Energy Global PLC will post 0.22 earnings per share for the current fiscal year.

Institutional Trading of ReNew Energy Global

Hedge funds have recently added to or reduced their stakes in the company. Aristides Capital LLC grew its position in ReNew Energy Global by 14.1% during the first quarter. Aristides Capital LLC now owns 157,548 shares of the company’s stock valued at $722,000 after buying an additional 19,528 shares during the period. State of Wyoming purchased a new stake in shares of ReNew Energy Global during the 1st quarter worth about $233,000. First Trust Advisors LP grew its position in shares of ReNew Energy Global by 4.0% during the 1st quarter. First Trust Advisors LP now owns 844,924 shares of the company’s stock valued at $3,870,000 after acquiring an additional 32,784 shares during the period. ABN Amro Investment Solutions acquired a new stake in shares of ReNew Energy Global during the 1st quarter valued at about $4,396,000. Finally, Parallel Advisors LLC increased its stake in shares of ReNew Energy Global by 29.3% in the 1st quarter. Parallel Advisors LLC now owns 20,678 shares of the company’s stock valued at $95,000 after purchasing an additional 4,689 shares in the last quarter. 43.56% of the stock is owned by hedge funds and other institutional investors.

About ReNew Energy Global

(Get Free Report)

ReNew Energy Global PLC is an independent power producer specializing in the development, construction, ownership and operation of utility-scale renewable energy projects. Headquartered in Gurugram, India, the company focuses on onshore wind farms, solar photovoltaic plants and hybrid energy systems, often paired with battery energy storage to enhance grid stability and dispatch flexibility. ReNew Energy Global markets electricity under long-term power purchase agreements, serving utilities, distribution companies and corporate offtakers.

The company’s core business activities encompass site identification, project design, procurement, construction management and ongoing asset management.