Equities Analysts Issue Forecasts for ReNew Energy Global Plc’s FY2026 Earnings (NASDAQ:RNW)

ReNew Energy Global Plc (NASDAQ:RNW – Get Rating) – Seaport Res Ptn issued their FY2026 earnings per share (EPS) estimates for shares of ReNew Energy Global in a research note issued to investors on Tuesday, May 23rd. Seaport Res Ptn analyst A. Storozynski forecasts that the company will post earnings per share of $0.20 for the year. The consensus estimate for ReNew Energy Global’s current full-year earnings is ($0.18) per share.

Separately, Credit Suisse Group raised ReNew Energy Global from a “neutral” rating to an “outperform” rating in a research report on Monday, May 15th.

ReNew Energy Global Price Performance

Shares of NASDAQ:RNW opened at $5.47 on Wednesday. ReNew Energy Global has a 1 year low of $4.03 and a 1 year high of $7.70. The business has a fifty day simple moving average of $5.34 and a 200 day simple moving average of $5.53. The company has a current ratio of 1.01, a quick ratio of 1.00 and a debt-to-equity ratio of 3.62. The firm has a market cap of $2.19 billion, a price-to-earnings ratio of -18.77 and a beta of 0.73.

Institutional Trading of ReNew Energy Global

Several institutional investors and hedge funds have recently made changes to their positions in RNW. Canada Pension Plan Investment Board boosted its stake in shares of ReNew Energy Global by 17.9% during the 3rd quarter. Canada Pension Plan Investment Board now owns 76,501,166 shares of the company’s stock worth $460,537,000 after buying an additional 11,633,475 shares during the last quarter. Rubric Capital Management LP lifted its stake in ReNew Energy Global by 258.3% in the 1st quarter. Rubric Capital Management LP now owns 8,165,905 shares of the company’s stock valued at $45,892,000 after purchasing an additional 5,886,892 shares during the last quarter. First Trust Advisors LP lifted its stake in ReNew Energy Global by 665.4% in the 1st quarter. First Trust Advisors LP now owns 2,738,862 shares of the company’s stock valued at $22,513,000 after purchasing an additional 2,381,013 shares during the last quarter. Tortoise Capital Advisors L.L.C. lifted its stake in ReNew Energy Global by 29.5% in the 1st quarter. Tortoise Capital Advisors L.L.C. now owns 4,737,564 shares of the company’s stock valued at $26,625,000 after purchasing an additional 1,078,729 shares during the last quarter. Finally, Credit Suisse AG acquired a new stake in ReNew Energy Global in the 1st quarter valued at about $1,705,000. Institutional investors own 45.89% of the company’s stock.

About ReNew Energy Global

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ReNew Energy Global Plc generates power through non-conventional and renewable energy sources in India. The company operates through Wind Power and Solar Power segments. It develops, builds, owns, and operates utility scale wind and solar energy projects, as well as distributed solar energy projects that generate energy for commercial and industrial customers.