Roth Capital Cuts Earnings Estimates for ReNew Energy Global

ReNew Energy Global PLC (NASDAQ:RNW) – Analysts at Roth Capital reduced their Q3 2026 earnings per share estimates for ReNew Energy Global in a report released on Monday, November 10th. Roth Capital analyst J. Clare now expects that the company will earn ($0.12) per share for the quarter, down from their prior forecast of ($0.09). 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 Q4 2026 earnings at $0.01 EPS.

Other research analysts have also issued research reports about the stock. Weiss Ratings started coverage on shares of ReNew Energy Global in a report on Tuesday. They set a “hold (c)” rating for the company. Mizuho set a $8.15 price objective on shares of ReNew Energy Global and gave the stock a “neutral” rating in a research report on Wednesday, October 29th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $7.83.

ReNew Energy Global Price Performance

ReNew Energy Global stock opened at $7.46 on Thursday. The stock’s 50 day moving average is $7.69 and its 200 day moving average is $7.35. ReNew Energy Global has a one year low of $5.18 and a one year high of $8.24. The firm has a market cap of $2.71 billion, a P/E ratio of 24.06 and a beta of 0.89. The company has a debt-to-equity ratio of 4.34, a current ratio of 0.77 and a quick ratio of 0.73.

ReNew Energy Global (NASDAQ:RNW) last released 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 the consensus estimate of $403.19 million. ReNew Energy Global had a net margin of 5.37% and a return on equity of 7.90%.

Hedge Funds Weigh In On ReNew Energy Global

Institutional investors and hedge funds have recently modified their holdings of the business. Bank of America Corp DE increased its stake in shares of ReNew Energy Global by 722.2% in the 4th quarter. Bank of America Corp DE now owns 15,621 shares of the company’s stock valued at $107,000 after acquiring an additional 13,721 shares in the last quarter. Ballentine Partners LLC increased its stake in ReNew Energy Global by 74.6% in the first quarter. Ballentine Partners LLC now owns 27,429 shares of the company’s stock valued at $162,000 after purchasing an additional 11,721 shares in the last quarter. MQS Management LLC acquired a new position in shares of ReNew Energy Global during the first quarter valued at about $83,000. Signaturefd LLC boosted its position in shares of ReNew Energy Global by 81.6% during the 1st quarter. Signaturefd LLC now owns 17,245 shares of the company’s stock worth $102,000 after purchasing an additional 7,749 shares in the last quarter. Finally, Victory Capital Management Inc. grew its stake in shares of ReNew Energy Global by 30.9% in the 1st quarter. Victory Capital Management Inc. now owns 151,271 shares of the company’s stock valued at $891,000 after buying an additional 35,690 shares during the period. 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.