Roth Capital Brokers Lower Earnings Estimates for RNW

ReNew Energy Global PLC (NASDAQ:RNW) – Roth Capital cut their Q3 2026 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 of ($0.07) per share 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 decreased their price objective on shares of ReNew Energy Global from $8.00 to $7.50 and set a “buy” rating for the company in a report on Friday, February 21st.

ReNew Energy Global Stock Down 2.2%

Shares of NASDAQ RNW opened at $6.55 on Thursday. The stock has a market cap of $2.38 billion, a P/E ratio of 40.94 and a beta of 0.89. The firm has a 50 day moving average price of $6.63 and a 200 day moving average price of $6.52. The company has a debt-to-equity ratio of 4.44, a quick ratio of 0.59 and a current ratio of 0.60. ReNew Energy Global has a 52-week low of $5.15 and a 52-week high of $7.49.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new position in ReNew Energy Global during the first quarter valued at approximately $34,651,000. Millennium Management LLC lifted its stake in ReNew Energy Global by 22.9% in the first quarter. Millennium Management LLC now owns 6,351,699 shares of the company’s stock valued at $37,412,000 after buying an additional 1,182,123 shares in the last quarter. PDT Partners LLC lifted its stake in ReNew Energy Global by 18.3% in the first quarter. PDT Partners LLC now owns 104,603 shares of the company’s stock valued at $616,000 after buying an additional 16,213 shares in the last quarter. Cubist Systematic Strategies LLC lifted its stake in ReNew Energy Global by 56.4% in the first quarter. Cubist Systematic Strategies LLC now owns 380,647 shares of the company’s stock valued at $2,242,000 after buying an additional 137,262 shares in the last quarter. Finally, Point72 Europe London LLP bought a new position in ReNew Energy Global in the first quarter valued at approximately $606,000. Institutional investors and hedge funds own 43.56% of the company’s stock.

About ReNew Energy Global

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.