ReNew Energy Global (NASDAQ:RNW – Get Free Report) posted its quarterly earnings results on Monday. The company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.01, FiscalAI reports. ReNew Energy Global had a net margin of 7.24% and a return on equity of 7.71%. The company had revenue of $490.17 million for the quarter, compared to analyst estimates of $462.35 million.
ReNew Energy Global Price Performance
NASDAQ:RNW remained flat at $6.85 during mid-day trading on Monday. 1,622,088 shares of the company’s stock were exchanged, compared to its average volume of 1,385,924. The company has a debt-to-equity ratio of 3.35, a quick ratio of 0.40 and a current ratio of 0.43. The stock has a market capitalization of $2.50 billion, a PE ratio of 21.41 and a beta of 1.22. ReNew Energy Global has a 12-month low of $4.39 and a 12-month high of $7.69. The firm’s 50 day moving average is $6.85 and its two-hundred day moving average is $5.97.
Analyst Upgrades and Downgrades
RNW has been the topic of a number of research reports. Zacks Research cut ReNew Energy Global from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 17th. Roth Capital lowered ReNew Energy Global from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 26th. Four investment analysts have rated the stock with a Hold rating. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $6.39.
Get Our Latest Report on ReNew Energy Global
About ReNew Energy Global
ReNew Energy Global plc (NASDAQ: RNW) is a renewable energy company focused on developing, owning, and operating clean power projects in India. Its portfolio includes utility-scale wind, solar, and hydroelectric generation, as well as hybrid renewable energy projects that combine multiple technologies to support more consistent electricity production.
The company also pursues related clean-energy opportunities, including battery storage, green hydrogen, and other decarbonization solutions.
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