ReNew Energy Global (NASDAQ:RNW) Announces Earnings Results

ReNew Energy Global (NASDAQ:RNW) announced its quarterly earnings data on Monday. The company reported $0.00 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.12) by $0.12, reports. ReNew Energy Global had a net margin of 5.37% and a return on equity of 7.90%. The company had revenue of $349.01 million for the quarter, compared to analysts’ expectations of $262.33 million.

Here are the key takeaways from ReNew Energy Global’s conference call:

• ReNew increased operating capacity to 11.8 GW and its total portfolio to 19.2 GW (including ~1.5 GW of BESS), and has reconfigured the pipeline to favor solar + BESS—cutting committed wind from ~2.5 GW to ~850 MW—to lower CapEx, execution risk and make cash flows more predictable.
• Financials improved materially: nine‑month Adjusted EBITDA rose 31% to INR 74.8 billion with PAT up over sixfold, management raised a $600 million bond at 6.5% (first Gift City bond), completed $275 million of asset recycling (600 MW sold), and raised full‑year Adjusted EBITDA guidance to INR 90 billion–INR 93 billion with project build guidance of 1.8–2.4 GW.
• Manufacturing is a growing cash generator—contributing INR 10.8 billion to Adjusted EBITDA YTD, producing ~3 GW of modules and 1.4 GW of cells YTD, with a 900 MW external order book and a 4 GW cell plant under construction (first cells due next fiscal).
• Leverage is trending down (headline debt/EBITDA from 8.2x to 7x; operating‑portfolio trailing 12‑month ~5.6x) and the company targets reducing consolidated leverage to below ~5.5x by 2028–2030 via further asset sales, capital recycling and cost optimization.
• Transmission delays and curtailment remain a meaningful industry risk—roughly 400–500 MW of ReNew capacity was on TGNA and faces variable curtailment (management cited typical intraperiod curtailment around ~10–20%), and policy/compensation changes are still being negotiated by authorities.

ReNew Energy Global Stock Down 0.1%

RNW traded down $0.01 during trading on Wednesday, hitting $5.51. The company had a trading volume of 128,619 shares, compared to its average volume of 842,127. The company has a market cap of $2.00 billion, a PE ratio of 17.76 and a beta of 0.91. The business has a 50-day moving average of $5.57 and a 200-day moving average of $6.92. The company has a debt-to-equity ratio of 4.34, a current ratio of 0.77 and a quick ratio of 0.74. ReNew Energy Global has a 1-year low of $5.05 and a 1-year high of $8.24.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Morgan Stanley set a $6.03 price objective on ReNew Energy Global in a research report on Monday, February 2nd. Weiss Ratings downgraded shares of ReNew Energy Global from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, February 11th. Finally, Mizuho reduced their price objective on shares of ReNew Energy Global from $8.15 to $7.00 and set a “neutral” rating on the stock in a research note on Tuesday, December 16th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $6.84.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in RNW. Bank of America Corp DE boosted its position in shares of ReNew Energy Global by 722.2% in the fourth quarter. Bank of America Corp DE now owns 15,621 shares of the company’s stock worth $107,000 after buying an additional 13,721 shares during the period. JPMorgan Chase & Co. raised its stake in shares of ReNew Energy Global by 94.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 642,397 shares of the company’s stock worth $4,439,000 after purchasing an additional 311,297 shares in the last quarter. Quantbot Technologies LP acquired a new position in ReNew Energy Global in the second quarter worth approximately $29,000. Cerity Partners LLC increased its stake in shares of ReNew Energy Global by 9.3% during the 2nd quarter. Cerity Partners LLC now owns 26,085 shares of the company’s stock worth $180,000 after purchasing an additional 2,225 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its holdings in ReNew Energy Global by 1,217.7% during the second quarter. BNP Paribas Financial Markets now owns 72,647 shares of the company’s stock valued at $502,000 after buying an additional 67,134 shares in the last quarter. Institutional investors and hedge funds own 43.56% of the company’s stock.

About ReNew Energy Global

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.