ReNew Energy Global (NASDAQ:RNW – Get Free Report) issued its quarterly earnings data on Monday. The company reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.01, FiscalAI reports. The company had revenue of $490.17 million during the quarter, compared to the consensus estimate of $462.35 million. ReNew Energy Global had a return on equity of 7.71% and a net margin of 7.24%.
ReNew Energy Global Price Performance
RNW opened at $6.85 on Tuesday. The company has a quick ratio of 0.40, a current ratio of 0.43 and a debt-to-equity ratio of 3.35. The stock has a market cap of $2.50 billion, a price-to-earnings ratio of 21.41 and a beta of 1.18. The company’s 50-day moving average price is $6.85 and its two-hundred day moving average price is $5.98. ReNew Energy Global has a twelve month low of $4.39 and a twelve month high of $7.69.
Wall Street Analysts Forecast Growth
A number of brokerages recently weighed in on RNW. Roth Capital downgraded shares of ReNew Energy Global from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 26th. Zacks Research cut ReNew Energy Global from a “strong-buy” rating to a “hold” rating in a report on Friday, July 17th. Four equities research analysts have rated the stock with a Hold rating. According to data from MarketBeat, ReNew Energy Global currently has an average rating of “Hold” and an average target price of $6.39.
Read Our Latest Stock Analysis 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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