ReNew Energy Global (NASDAQ:RNW) Shares Up 1.6% – Should You Buy?

Posted by Francis Steltz on Jul 18th, 2026

ReNew Energy Global PLC (NASDAQ:RNW – Get Free Report) shot up 1.6% on Friday . The stock traded as high as $6.29 and last traded at $6.29. Approximately 4,032,756 shares were traded during trading, an increase of 276% from the average daily volume of 1,072,924 shares. The stock had previously closed at $6.19.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on RNW shares. Weiss Ratings upgraded ReNew Energy Global from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, June 24th. Mizuho lowered their target price on ReNew Energy Global from $7.00 to $6.75 and set a “neutral” rating on the stock in a report on Monday, June 1st. Finally, Zacks Research raised ReNew Energy Global from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 19th. One investment analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, ReNew Energy Global has an average rating of “Moderate Buy” and a consensus price target of $6.39.

Read Our Latest Analysis on ReNew Energy Global

ReNew Energy Global Price Performance

The firm’s 50-day moving average is $6.08 and its 200-day moving average is $5.55. The company has a debt-to-equity ratio of 3.60, a current ratio of 0.42 and a quick ratio of 0.37. The company has a market capitalization of $2.28 billion, a P/E ratio of 20.29 and a beta of 1.12.

ReNew Energy Global (NASDAQ:RNW – Get Free Report) last announced its earnings results on Thursday, June 25th. The company reported $0.10 EPS for the quarter. ReNew Energy Global had a net margin of 7.18% and a return on equity of 7.57%. The business had revenue of $340.00 million during the quarter, compared to analysts’ expectations of $291.80 million. Analysts predict that ReNew Energy Global PLC will post 0.22 EPS for the current fiscal year.

Institutional Investors Weigh In On ReNew Energy Global

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Quantbot Technologies LP bought a new stake in ReNew Energy Global during the second quarter valued at about $29,000. Farther Finance Advisors LLC raised its stake in shares of ReNew Energy Global by 213.9% in the fourth quarter. Farther Finance Advisors LLC now owns 5,503 shares of the company’s stock worth $31,000 after buying an additional 3,750 shares during the period. Quarry LP bought a new position in shares of ReNew Energy Global in the third quarter worth about $33,000. SBI Securities Co. Ltd. purchased a new position in shares of ReNew Energy Global during the 4th quarter valued at about $37,000. Finally, DGS Capital Management LLC bought a new position in shares of ReNew Energy Global during the 4th quarter valued at approximately $65,000. 43.56% of the stock is currently 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.