Research Analysts Offer Predictions for RNW FY2026 Earnings

ReNew Energy Global PLC (NASDAQ:RNW) – Stock analysts at Roth Capital lowered their FY2026 EPS estimates for shares of ReNew Energy Global in a report issued on Monday, November 10th. Roth Capital analyst J. Clare now forecasts that the company will post earnings per share of $0.18 for the year, down from their prior estimate of $0.26. 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 FY2027 earnings at $0.30 EPS.

ReNew Energy Global (NASDAQ:RNW) last announced its quarterly earnings results on Monday, November 10th. The company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.04). The company had revenue of $433.94 million during the quarter, compared to analyst estimates of $403.19 million. ReNew Energy Global had a net margin of 5.37% and a return on equity of 7.90%.

RNW has been the topic of a number of other research reports. Weiss Ratings assumed coverage on ReNew Energy Global in a research note on Tuesday. They set a “hold (c)” rating on the stock. Mizuho set a $8.15 price objective on ReNew Energy Global and gave the company a “neutral” rating in a report on Wednesday, October 29th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $7.83.

ReNew Energy Global Trading Up 0.3%

Shares of RNW stock opened at $7.35 on Wednesday. ReNew Energy Global has a 12-month low of $5.18 and a 12-month high of $8.24. The company has a market capitalization of $2.67 billion, a PE ratio of 23.71 and a beta of 0.89. The firm has a 50 day moving average price of $7.69 and a two-hundred day moving average price of $7.34. The company has a quick ratio of 0.73, a current ratio of 0.77 and a debt-to-equity ratio of 4.34.

Institutional Investors Weigh In On ReNew Energy Global

Several institutional investors have recently made changes to their positions in the stock. Quantbot Technologies LP bought a new position in ReNew Energy Global during the 2nd quarter worth $29,000. Evergreen Capital Management LLC bought a new stake in shares of ReNew Energy Global during the 2nd quarter valued at $74,000. Parallel Advisors LLC grew its holdings in shares of ReNew Energy Global by 766.0% during the 2nd quarter. Parallel Advisors LLC now owns 11,041 shares of the company’s stock worth $76,000 after purchasing an additional 9,766 shares in the last quarter. Abacus Wealth Partners LLC bought a new position in shares of ReNew Energy Global in the second quarter worth $85,000. Finally, Arrowstreet Capital Limited Partnership bought a new position in shares of ReNew Energy Global in the third quarter worth $101,000. 43.56% of the stock is currently owned by institutional investors.

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.