ReNew Energy Global (NASDAQ:RNW) Shares Gap Up – Time to Buy?

Posted by Stanley Muller on Aug 11th, 2026

Shares of ReNew Energy Global PLC (NASDAQ:RNW – Get Free Report) gapped up prior to trading on Tuesday . The stock had previously closed at $6.13, but opened at $6.76. ReNew Energy Global shares last traded at $6.8150, with a volume of 5,699,263 shares trading hands.

Analysts Set New Price Targets

A number of research firms have issued reports on RNW. Zacks Research lowered shares of ReNew Energy Global from a “strong-buy” rating to a “hold” rating in a report on Friday, July 17th. Mizuho dropped their price target on shares of ReNew Energy Global from $7.00 to $6.75 and set a “neutral” rating for the company in a research note on Monday, June 1st. Finally, Weiss Ratings raised ReNew Energy Global from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, June 24th. Three equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, ReNew Energy Global presently has a consensus rating of “Hold” and an average target price of $6.39.

Read Our Latest Stock Analysis on ReNew Energy Global

ReNew Energy Global Trading Up 11.1%

The company’s fifty day moving average is $6.20 and its two-hundred day moving average is $5.62. The stock has a market cap of $2.47 billion, a price-to-earnings ratio of 21.98 and a beta of 1.12. The company has a quick ratio of 0.38, a current ratio of 0.43 and a debt-to-equity ratio of 3.66.

ReNew Energy Global (NASDAQ:RNW – Get Free Report) last posted its quarterly 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 company had revenue of $340.00 million during the quarter, compared to analysts’ expectations of $291.80 million. On average, research 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

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

ReNew Energy Global Company Profile

(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.