ReNew Energy Global (RNW) versus Its Rivals Head-To-Head Analysis

ReNew Energy Global (NASDAQ:RNW) is one of 141 public companies in the “Independent Power & Renewable Electricity Producers” industry, but how does it contrast to its rivals? We will compare ReNew Energy Global to similar companies based on the strength of its analyst recommendations, valuation, institutional ownership, profitability, earnings, risk and dividends.

Analyst Recommendations

This is a summary of current ratings and target prices for ReNew Energy Global and its rivals, as provided by MarketBeat.com.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
ReNew Energy Global	0	4	0	0	2.00
ReNew Energy Global Competitors	963	2986	3825	188	2.41

ReNew Energy Global presently has a consensus target price of $6.39, indicating a potential downside of 7.86%. As a group, “Independent Power & Renewable Electricity Producers” companies have a potential upside of 141.16%. Given ReNew Energy Global’s rivals stronger consensus rating and higher possible upside, analysts clearly believe ReNew Energy Global has less favorable growth aspects than its rivals.

Profitability

This table compares ReNew Energy Global and its rivals’ net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
ReNew Energy Global	7.58%	8.47%	1.19%
ReNew Energy Global Competitors	-33.53%	10.63%	0.87%

Earnings and Valuation

This table compares ReNew Energy Global and its rivals top-line revenue, earnings per share and valuation.

	Gross Revenue	Net Income	Price/Earnings Ratio
ReNew Energy Global	$1.60 billion	$105.00 million	19.26
ReNew Energy Global Competitors	$6.24 billion	$816.69 million	1.47

ReNew Energy Global’s rivals have higher revenue and earnings than ReNew Energy Global. ReNew Energy Global is trading at a higher price-to-earnings ratio than its rivals, indicating that it is currently more expensive than other companies in its industry.

Institutional and Insider Ownership

43.6% of ReNew Energy Global shares are owned by institutional investors. Comparatively, 36.0% of shares of all “Independent Power & Renewable Electricity Producers” companies are owned by institutional investors. 8.7% of ReNew Energy Global shares are owned by company insiders. Comparatively, 21.5% of shares of all “Independent Power & Renewable Electricity Producers” companies are owned by company insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a company is poised for long-term growth.

Volatility & Risk

ReNew Energy Global has a beta of 1.22, indicating that its stock price is 22% more volatile than the S&P 500. Comparatively, ReNew Energy Global’s rivals have a beta of 0.62, indicating that their average stock price is 38% less volatile than the S&P 500.

Summary

ReNew Energy Global rivals beat ReNew Energy Global on 8 of the 13 factors compared.

About ReNew Energy Global

ReNew Energy Global is an Indian renewable energy company that develops, builds, owns and operates clean power projects. Its portfolio includes utility-scale solar and wind facilities, as well as hybrid projects that combine renewable sources to supply electricity to the grid and commercial and industrial customers. Founded in 2011 by Sumant Sinha, the company has expanded beyond renewable power generation into areas including energy storage, solar module manufacturing and green hydrogen. Its main operations are in India, where it supports the development of the country’s clean energy infrastructure.