Roth Capital Cuts Earnings Estimates for ReNew Energy Global

ReNew Energy Global PLC (NASDAQ:RNW) – Investment analysts at Roth Capital reduced their Q1 2026 EPS estimates for shares of ReNew Energy Global in a note issued to investors on Monday, June 16th. Roth Capital analyst J. Clare now anticipates that the company will earn $0.15 per share for the quarter, down from their prior estimate of $0.17. The consensus estimate for ReNew Energy Global’s current full-year earnings is $0.15 per share. Roth Capital also issued estimates for ReNew Energy Global’s Q2 2026 earnings at $0.24 EPS, Q4 2026 earnings at $0.01 EPS, FY2026 earnings at $0.33 EPS and FY2027 earnings at $0.36 EPS.

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

ReNew Energy Global Stock Down 4.0%

Shares of RNW opened at $6.78 on Wednesday. ReNew Energy Global has a 52 week low of $5.15 and a 52 week high of $7.49. The firm has a market cap of $2.46 billion, a P/E ratio of 42.38 and a beta of 0.89. The firm’s 50-day simple moving average is $6.58 and its 200 day simple moving average is $6.51. The company has a debt-to-equity ratio of 4.74, a quick ratio of 0.59 and a current ratio of 0.60.

Institutional Trading of ReNew Energy Global

A number of institutional investors have recently bought and sold shares of RNW. Point72 Asset Management L.P. bought a new stake in shares of ReNew Energy Global during the 4th quarter worth approximately $25,000. BNP Paribas Financial Markets bought a new stake in shares of ReNew Energy Global during the 4th quarter worth approximately $25,000. Summit Securities Group LLC bought a new stake in shares of ReNew Energy Global during the 4th quarter worth approximately $34,000. Point72 Asia Singapore Pte. Ltd. bought a new position in ReNew Energy Global in the 4th quarter valued at approximately $52,000. Finally, Signaturefd LLC bought a new position in ReNew Energy Global in the 4th quarter valued at approximately $65,000. Institutional investors 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.