ReNew Energy Global plc (RNW) saw an uptrend of 2.51% in the recent trading with $7.75 being its most recent. The current price level -5.95% lower than the highest price of $8.24 marked by the stock while trading over the past 52-weeks, whereas it is 50.48% higher than the lowest price of $5.15 the company dropped to over past 52-weeks. The latest news story on RNW appeared in (Power Technology) under the title “Sembcorp to acquire ReNews solar energy business for $190m”.
Do analysts rate it as a buy, sell or hold?
Irrespective of recent performance, what’s important is what the future holds. In uncertain economic times, a clear picture is difficult to get. Analysts generally have a good understanding of the market works, which gives them a leg up in making predictions. Currently, the stock has been recommended as Strong Buy by 2 of the brokerage firms. Analyst ratings are often compiled into a single score from 1 to 5. The score of 1 signifies buy or strong buy, the score of 2 signifies outperform, the score of 3 means hold, and the score of 4 indicates underperform. The simple numeric range of brokerage firm referenced at the scale of 1 to 5 reads a current average recommendation of 1.33 for the stock.
ReNew Energy Global plc Earnings – What Happened With RNW
Coming around sales and income figures on RNW Stock Income Statement, public trading companies under normal circumstances post earnings and revenues near to average estimates by the Wall Street analysts, but those could came either above or below estimates and known as surprise factor. ReNew Energy Global plc (RNW) last released financial results for the quarter that ended 9/30/2024, posting a surprise factor of 42.10% for net revenue.
RNW – ReNew Energy Global plc Stock Earnings Estimates
The perspective of ReNew Energy Global plc (NASDAQ:RNW)’s current quarter earnings identifies that analysts are in consensus over the estimate of 10.03 for stock’s EPS in the current quarter. ReNew Energy Global plc (RNW) last released financial results for the quarter that ended 9/30/2024, posting a surprise factor of 42.10% for net revenue. Company’s EPS for the last quarter was 14.25.
ReNew Energy Global plc – Insider Activity and Holdings
Investors get the exact data about the key information of institutional ownership in a listed company through its 13F filings at the Stock Exchange Commission (SEC). The total number of common shares currently owned by the public is 244.27 million. RNW does have institutional investors; and they hold 45.30% of the stock.
As on 2024-06-30, CANADA PENSION PLAN INVESTMENT BOARD was the top most holder in ReNew Energy Global plc (NASDAQ:RNW) with an ownership of 76.5 million shares of the company or 4.66 of the stake worth $477.37 million. The filing also reveals RUBRIC CAPITAL MANAGEMENT LP as the second largest holder in the company with a control over 0.8227 of the outstanding shares. Its stake is worth $84.28 million for having 13.51 million shares in hand.
BLACKROCK INC. also came holding a key position in the company during the recent quarter and it now holds 0.4774 of the outstanding shares. With this there are now 188.0 institutions which have possession in RNW’s shares.
Key Metrics for RNW
The liquidity is a key characteristic of any stock and is the main point of focus of both short-term as well as long term investors before start trading into a stock. In recently reported quarter, ReNew Energy Global plc has a debt to equity ratio of 6.14.
