Roth Capital Predicts Lower Earnings for ReNew Energy Global

ReNew Energy Global PLC (NASDAQ:RNW) – Stock analysts at Roth Capital dropped their Q3 2026 earnings per share (EPS) estimates for ReNew Energy Global in a research report issued on Monday, June 16th. Roth Capital analyst J. Clare now anticipates that the company will post earnings per share of ($0.07) for the quarter, down from their prior estimate of ($0.05). The consensus estimate for ReNew Energy Global’s current full-year earnings is $0.15 per share.

Separately, Roth Mkm lowered their target price on shares of ReNew Energy Global from $8.00 to $7.50 and set a “buy” rating on the stock in a research report on Friday, February 21st.

ReNew Energy Global Stock Performance

NASDAQ:RNW opened at $6.70 on Thursday. The firm’s fifty day simple moving average is $6.60 and its 200-day simple moving average is $6.51. The company has a quick ratio of 0.59, a current ratio of 0.60 and a debt-to-equity ratio of 4.44. The stock has a market cap of $2.43 billion, a PE ratio of 41.88 and a beta of 0.89. ReNew Energy Global has a fifty-two week low of $5.15 and a fifty-two week high of $7.49.

Hedge Funds Weigh In On ReNew Energy Global

Several hedge funds and other institutional investors have recently bought and sold shares of RNW. State of New Jersey Common Pension Fund D purchased a new position in shares of ReNew Energy Global in the fourth quarter valued at $4,436,000. Silphium Asset Management Ltd purchased a new position in ReNew Energy Global during the 4th quarter valued at about $2,049,000. Signaturefd LLC purchased a new position in ReNew Energy Global during the 4th quarter valued at about $65,000. Counterpoint Mutual Funds LLC acquired a new position in ReNew Energy Global during the fourth quarter worth about $328,000. Finally, Northwest & Ethical Investments L.P. lifted its holdings in shares of ReNew Energy Global by 6.3% in the fourth quarter. Northwest & Ethical Investments L.P. now owns 2,296,800 shares of the company’s stock valued at $15,687,000 after purchasing an additional 135,606 shares in the last quarter. 43.56% of the stock is owned by institutional investors and hedge funds.

ReNew Energy Global Company Profile

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.