Q1 EPS Estimate for ReNew Energy Global Lowered by Analyst

ReNew Energy Global PLC (NASDAQ:RNW) – Roth Capital cut their Q1 2026 earnings per share (EPS) estimates for shares of ReNew Energy Global in a report issued on Monday, June 16th. Roth Capital analyst J. Clare now forecasts that the company will post earnings of $0.15 per share for the quarter, down from their prior estimate of $0.17. The consensus estimate for ReNew Energy Global’s current full-year earnings is $0.15 per share. Roth Capital also issued estimates for ReNew Energy Global’s Q2 2026 earnings at $0.24 EPS, Q4 2026 earnings at $0.01 EPS, FY2026 earnings at $0.33 EPS and FY2027 earnings at $0.36 EPS.

Separately, Roth Mkm lowered their price target on shares of ReNew Energy Global from $8.00 to $7.50 and set a “buy” rating for the company in a report on Friday, February 21st.

ReNew Energy Global Price Performance

Shares of RNW opened at $6.78 on Wednesday. The business has a 50-day moving average of $6.58 and a 200-day moving average of $6.51. The company has a debt-to-equity ratio of 4.74, a current ratio of 0.60 and a quick ratio of 0.59. The company has a market capitalization of $2.46 billion, a price-to-earnings ratio of 42.38 and a beta of 0.89. ReNew Energy Global has a 1 year low of $5.15 and a 1 year high of $7.49.

Hedge Funds Weigh In On ReNew Energy Global

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC purchased a new stake in ReNew Energy Global in the 1st quarter valued at about $34,651,000. Millennium Management LLC increased its stake in ReNew Energy Global by 22.9% in the 1st quarter. Millennium Management LLC now owns 6,351,699 shares of the company’s stock valued at $37,412,000 after buying an additional 1,182,123 shares during the last quarter. PDT Partners LLC increased its stake in ReNew Energy Global by 18.3% in the 1st quarter. PDT Partners LLC now owns 104,603 shares of the company’s stock valued at $616,000 after buying an additional 16,213 shares during the last quarter. Cubist Systematic Strategies LLC increased its stake in ReNew Energy Global by 56.4% in the 1st quarter. Cubist Systematic Strategies LLC now owns 380,647 shares of the company’s stock valued at $2,242,000 after buying an additional 137,262 shares during the last quarter. Finally, Point72 Europe London LLP purchased a new stake in ReNew Energy Global in the 1st quarter valued at about $606,000. Institutional investors own 43.56% of the company’s stock.

About ReNew Energy Global

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.