ReNew Energy Global (NASDAQ:RNW) Announces Earnings Results

ReNew Energy Global (NASDAQ:RNW) announced its quarterly earnings results on Monday. The company reported $0.02 EPS for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.17, FiscalAI reports. ReNew Energy Global had a return on equity of 7.51% and a net margin of 7.18%.The business had revenue of $355.59 million for the quarter, compared to analysts’ expectations of $307.73 million.

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

• FY2026 was a record year for ReNew, with adjusted EBITDA of INR 98.5 billion, PAT of INR 10.4 billion, and cash flow to equity up 45% to INR 21.6 billion. Management highlighted this as the company’s third straight year of profitability.
• ReNew expanded its operating portfolio to about 12.8 GW and commissioned a company-record 2.4 GW during the year. Its committed portfolio now exceeds 20.2 GW, including 1.7 GW of battery storage, with a total pipeline above 26 GW.
• The manufacturing business became an increasingly important earnings driver, contributing INR 14.8 billion of consolidated EBITDA in FY2026. Management said the business is benefiting from domestic sourcing rules and is on track to start its 4 GW cell facility later this fiscal year.
• Balance sheet metrics improved materially, with net debt to EBITDA down by 1.1x year over year and interest expense as a share of EBITDA falling to 61.5%. The company also raised a record $375 million through asset monetization and reported progress on refinancing upcoming maturities.
• For FY2027, ReNew guided for adjusted EBITDA of INR 103 billion to INR 109 billion and cash flow to equity of INR 18 billion to INR 22 billion. Management also flagged some near-term pressure from grid curtailment, especially in Rajasthan, while still expressing confidence in long-term renewable demand growth in India.

ReNew Energy Global Price Performance

Shares of RNW stock opened at $5.35 on Wednesday. The stock has a market cap of $1.94 billion, a price-to-earnings ratio of 17.26 and a beta of 1.07. The business’s fifty day moving average is $5.09 and its 200 day moving average is $5.79. ReNew Energy Global has a twelve month low of $4.39 and a twelve month high of $8.24. The company has a quick ratio of 0.52, a current ratio of 0.57 and a debt-to-equity ratio of 3.84.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on RNW shares. Weiss Ratings cut ReNew Energy Global from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, March 13th. Morgan Stanley set a $6.03 target price on ReNew Energy Global in a research note on Monday, February 2nd. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, ReNew Energy Global presently has an average rating of “Reduce” and an average target price of $6.52.

Institutional Investors Weigh In On ReNew Energy Global

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bank of America Corp DE grew its stake 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 acquiring an additional 13,721 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of ReNew Energy Global by 94.0% in the second quarter. JPMorgan Chase & Co. now owns 642,397 shares of the company’s stock worth $4,439,000 after acquiring an additional 311,297 shares during the last quarter. Quantbot Technologies LP purchased a new stake in shares of ReNew Energy Global in the second quarter worth $29,000. Cerity Partners LLC grew its stake in shares of ReNew Energy Global by 9.3% in the second quarter. Cerity Partners LLC now owns 26,085 shares of the company’s stock worth $180,000 after acquiring an additional 2,225 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its stake in shares of ReNew Energy Global by 1,217.7% in the second quarter. BNP Paribas Financial Markets now owns 72,647 shares of the company’s stock worth $502,000 after acquiring an additional 67,134 shares during the last quarter. 43.56% of the stock is owned by hedge funds and other institutional investors.

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.