ReNew Energy Global (NASDAQ:RNW) Posts Earnings Results, Beats Expectations By $0.05 EPS

ReNew Energy Global (NASDAQ:RNW) announced its earnings results on Tuesday. The company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.05, FiscalAI reports. The company had revenue of $472.92 million during the quarter, compared to analyst estimates of $459.86 million. ReNew Energy Global had a return on equity of 7.57% and a net margin of 7.18%.

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

• Strong operating and financial performance: ReNew commissioned more than 1 GW year to date, while Q1 revenue rose 14%, adjusted EBITDA increased 12% to INR 30.4 billion, and profit after tax grew 16% to INR 6 billion.
• Execution and capital recycling remain on track: The committed portfolio reached 20.5 GW, including 1.7 GW of BESS, and a planned sale of more than 1 GW of assets is expected to generate approximately $190 million of equity cash inflow and support leverage reduction.
• Grid constraints are weighing on generation: Solar PLF declined year over year, with management attributing roughly half of the impact to curtailment and half to weaker weather; discussions with the government about compensation for certain curtailments remain unresolved.
• Manufacturing margins may normalize: Q1 external manufacturing EBITDA margin fell to approximately 34% from 40% a year earlier, and management expects some further pressure as additional cell capacity comes online, although full-year guidance of INR 10 billion–INR 12 billion in manufacturing EBITDA was reiterated.
• Take-private transaction advances: The independent committee plans to recommend the $7.02-per-share cash offer from the CPP Investments-led consortium, with the scheme expected to become effective in Q1 2027, subject to shareholder and regulatory approvals.

ReNew Energy Global Stock Performance

NASDAQ RNW opened at $6.82 on Wednesday. The firm has a market capitalization of $2.47 billion, a P/E ratio of 22.00 and a beta of 1.12. The company has a current ratio of 0.43, a quick ratio of 0.38 and a debt-to-equity ratio of 3.66. The firm’s fifty day moving average price is $6.28 and its two-hundred day moving average price is $5.68. ReNew Energy Global has a 1 year low of $4.39 and a 1 year high of $8.24.

Institutional Trading of ReNew Energy Global

Hedge funds have recently made changes to their positions in the business. Corient Private Wealth LLC boosted its holdings in shares of ReNew Energy Global by 17.8% during the fourth quarter. Corient Private Wealth LLC now owns 33,166 shares of the company’s stock worth $187,000 after acquiring an additional 5,010 shares during the period. Invesco Ltd. increased its stake in shares of ReNew Energy Global by 6.5% during the fourth quarter. Invesco Ltd. now owns 2,501,501 shares of the company’s stock worth $14,133,000 after purchasing an additional 152,439 shares during the period. Man Group plc lifted its holdings in ReNew Energy Global by 663.5% during the 4th quarter. Man Group plc now owns 2,046,780 shares of the company’s stock worth $11,564,000 after purchasing an additional 1,778,705 shares during the last quarter. Engineers Gate Manager LP lifted its holdings in ReNew Energy Global by 81.8% during the 4th quarter. Engineers Gate Manager LP now owns 45,291 shares of the company’s stock worth $256,000 after purchasing an additional 20,383 shares during the last quarter. Finally, Balyasny Asset Management L.P. bought a new stake in ReNew Energy Global in the 4th quarter valued at $518,000. 43.56% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

RNW has been the topic of several analyst reports. Zacks Research lowered ReNew Energy Global from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 17th. Mizuho lowered their price target on 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 upgraded shares of ReNew Energy Global from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, June 24th. Three analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, ReNew Energy Global currently has an average rating of “Hold” and a consensus price target of $6.39.

ReNew Energy Global Company Profile

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.