ReNew Energy Global Plc generates power through renewable energy sources in India. The company (RNW)

ReNew Energy Global Plc is a renewable energy company based in India. It develops, builds, owns, and operates utility-scale wind and solar energy projects, as well as distributed solar energy projects for commercial and industrial customers.

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Company Overview

CEOSumant Sinha
Employees3988
HeadquartersLondon, GB
IPO Year2021
SectorUtilities

ReNew Energy Global Plc is a leading renewable energy company in India, capitalizing on the country's growing demand for clean energy with its diversified portfolio of wind and solar projects, positioning it for long-term growth and value creation in a rapidly expanding market.

Investment Thesis

ReNew Energy Global Plc presents a compelling investment opportunity due to its strong position in India's rapidly growing renewable energy market. The company's diversified portfolio of wind and solar projects, coupled with its integrated service offerings, provides a stable revenue stream and attractive growth prospects. India's increasing demand for clean energy, driven by government policies and growing environmental awareness, serves as a significant tailwind for ReNew Energy. With 7.57 GW of commissioned projects and 3.12 GW committed as of March 2022, the company is poised to capitalize on this demand. Key value drivers include the company's ability to secure long-term power purchase agreements (PPAs), optimize project costs, and leverage technological advancements to improve energy generation efficiency. The company's P/E ratio of 20.61, coupled with a gross margin of 83.5%, suggests a healthy valuation and profitability profile. Successful execution of its project pipeline and continued expansion into new renewable energy technologies will be critical for driving future growth and shareholder value.

Key Highlights

  • Portfolio of 10.69 GW of wind, solar, hydro, and firm power projects as of March 31, 2022, showcasing a diversified asset base.
  • 7.57 GW of commissioned projects demonstrate operational capacity and revenue generation capability.
  • 3.12 GW of committed projects indicate a strong pipeline for future growth.
  • Gross margin of 83.5% reflects efficient operations and pricing power.
  • P/E ratio of 20.61 suggests a reasonable valuation relative to earnings.

Competitors

Strengths

  • Large and diversified portfolio of wind and solar projects.
  • Integrated service offerings, including EPC, O&M, and consultancy.
  • Strong relationships with key stakeholders.
  • Experienced management team.

Weaknesses

  • Reliance on government policies and subsidies.
  • Exposure to regulatory and political risks in India.
  • Dependence on weather conditions for energy generation.
  • High debt levels.

Catalysts

  • Ongoing: Government policies and incentives supporting renewable energy development in India.
  • Ongoing: Increasing demand for clean energy from commercial and industrial customers.
  • Upcoming: Commissioning of new wind and solar projects in the pipeline.
  • Upcoming: Potential acquisitions of smaller renewable energy companies.

Risks

  • Potential: Regulatory changes and policy uncertainties in India.
  • Potential: Delays in project execution and land acquisition.
  • Ongoing: Fluctuations in currency exchange rates.
  • Ongoing: Intense competition in the renewable energy sector.
  • Potential: Technological obsolescence.

Growth Opportunities

  • Expansion of Utility-Scale Projects: ReNew Energy can capitalize on India's growing demand for renewable energy by developing and commissioning new utility-scale wind and solar projects. The Indian government's target of 500 GW of non-fossil fuel energy capacity by 2030 presents a significant opportunity for the company. Securing long-term PPAs and optimizing project costs will be crucial for success. This represents a multi-billion dollar market opportunity over the next decade.
  • Growth in Distributed Generation: ReNew Energy can further expand its distributed solar energy business by targeting commercial and industrial (C&I) customers. As businesses increasingly seek to reduce their carbon footprint and energy costs, the demand for on-site and off-site solar solutions is expected to rise. ReNew Energy's expertise in EPC and O&M services provides a competitive advantage in this segment. The C&I solar market in India is projected to grow significantly in the coming years.
  • Diversification into New Technologies: ReNew Energy can diversify its portfolio by investing in new renewable energy technologies such as energy storage, green hydrogen, and offshore wind. These technologies offer significant growth potential and can help the company reduce its reliance on traditional wind and solar power. Government incentives and declining technology costs are making these technologies increasingly attractive. This diversification strategy could unlock new revenue streams and enhance the company's long-term competitiveness.
  • Strategic Acquisitions: ReNew Energy can pursue strategic acquisitions to expand its market share, acquire new technologies, and enter new geographies. The renewable energy sector in India is consolidating, with larger players acquiring smaller companies to achieve economies of scale and expand their project pipelines. ReNew Energy's strong financial position and proven track record make it a credible acquirer. Successful acquisitions can accelerate the company's growth and enhance its competitive position.
  • Leveraging Data Analytics and AI: ReNew Energy can leverage data analytics and artificial intelligence (AI) to optimize its operations, improve energy generation efficiency, and reduce costs. By analyzing data from its wind and solar projects, the company can identify opportunities to improve performance, predict equipment failures, and optimize maintenance schedules. AI can also be used to optimize energy storage systems and manage grid integration. This technology-driven approach can enhance the company's profitability and competitiveness.

Opportunities

  • Expansion into new renewable energy technologies, such as energy storage and green hydrogen.
  • Growth in distributed generation for commercial and industrial customers.
  • Strategic acquisitions to expand market share.
  • Increasing demand for renewable energy in India.

Threats

  • Increasing competition from other renewable energy developers.
  • Fluctuations in commodity prices and interest rates.
  • Delays in project approvals and land acquisition.
  • Technological disruptions.

Competitive Advantages

  • Scale and Diversification: ReNew Energy has a large and diversified portfolio of wind and solar projects, providing economies of scale and reducing risk.
  • Integrated Service Offerings: The company offers a full suite of services, including EPC, O&M, and consultancy, creating a competitive advantage.
  • Strong Relationships: ReNew Energy has strong relationships with key stakeholders, including utilities, government agencies, and technology providers.
  • Technological Expertise: The company has expertise in developing and operating renewable energy projects using advanced technologies.

About

Founded in 2011 and headquartered in London, ReNew Energy Global Plc has rapidly emerged as a prominent player in India's renewable energy sector. The company's core business revolves around generating power through non-conventional and renewable energy sources, primarily wind and solar power. ReNew Energy develops, builds, owns, and operates utility-scale wind and solar energy projects, as well as distributed solar energy projects catering to commercial and industrial clients. These distributed projects provide on-site or off-site renewable energy solutions for businesses seeking to reduce their carbon footprint and energy costs. ReNew Energy offers a comprehensive suite of services, including engineering, procurement, and construction (EPC), operation and maintenance (O&M), and consultancy services. The company also participates in the renewable energy certificate (REC) market. As of March 31, 2022, ReNew Energy's portfolio comprised 10.69 GW of wind, solar, hydro, and firm power projects. Of this, 7.57 GW of projects were commissioned and 3.12 GW were committed, demonstrating the company's robust project pipeline and execution capabilities. ReNew Energy's strategic focus on renewable energy sources aligns with India's ambitious clean energy targets and positions the company for sustained growth in the years to come.

What They Do

  • Develops utility-scale wind energy projects.
  • Develops utility-scale solar energy projects.
  • Develops distributed solar energy projects for commercial and industrial customers.
  • Provides engineering, procurement, and construction (EPC) services.
  • Offers operation and maintenance (O&M) services for renewable energy projects.
  • Provides consultancy services related to renewable energy.
  • Sells renewable energy certificates (RECs).

Business Model

  • Generates revenue by selling electricity to utilities and commercial customers through long-term power purchase agreements (PPAs).
  • Provides EPC and O&M services to third-party renewable energy projects.
  • Sells renewable energy certificates (RECs) in the market.
  • Develops and sells renewable energy projects.

Industry Context

ReNew Energy operates within the rapidly expanding renewable energy sector in India. The Indian government has set ambitious targets for renewable energy capacity, driving significant investments and growth in the industry. Solar and wind power are the dominant technologies, with increasing adoption of hybrid projects combining both. The competitive landscape includes both domestic and international players, with companies like ReNew Energy vying for market share through project development, technological innovation, and cost optimization. The industry is characterized by long-term power purchase agreements (PPAs) and government auctions, which determine project economics and profitability.

Key Customers

  • State-owned and private utilities in India.
  • Commercial and industrial (C&I) customers seeking renewable energy solutions.
  • Government agencies and organizations promoting renewable energy adoption.
AI Confidence: 73% Updated: 2/9/2026

Financials

Recent Quarterly Results

Quarter Revenue Net Income EPS
Q4 2025 $25.35B -$200M $-0.55
Q3 2025 $36.27B $4.67B $12.63
Q2 2025 $39.00B $5.13B $13.93
Q1 2025 $29.05B $2.36B $6.44

Source: Company filings

Chart & Info

Price Chart

ReNew Energy Global Plc generates power through renewable energy sources in India. The company (RNW) stock price: $5.76 (-0.10, -1.71%)

Why Bull

  • •ReNew Energy is positioned to capitalize on India's growing demand for renewable energy, fueled by government initiatives and increasing environmental awareness.
  • •Recent insider buying activity suggests confidence among company leadership in the long-term prospects of ReNew Energy.
  • •Positive community sentiment indicates a growing belief in ReNew Energy's ability to execute its growth strategy and deliver value.
  • •Market perception of ReNew Energy as a key player in India's renewable energy sector is strengthening, attracting investor interest.

Why Bear

  • •Increased competition in the Indian renewable energy market could pressure ReNew Energy's margins and market share.
  • •Regulatory changes or policy shifts in India's energy sector could negatively impact ReNew Energy's operations and profitability.
  • •Bearish community views highlight concerns about ReNew Energy's debt levels and ability to manage its financial obligations.
  • •Unfavorable market developments, such as rising interest rates or economic slowdown, could dampen investor enthusiasm for renewable energy stocks like ReNew Energy.

Latest News

Technical Analysis

RSI(14)
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MACD
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Volume
1,161,591

Rationale

AI-generated technical analysis for RNW including trend direction, momentum, and pattern recognition.

What to Watch

Key support and resistance levels, volume signals, and upcoming events.

Risk Management

Position sizing, stop-loss levels, and risk-reward assessment.

Community

Discussion

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Sentiment

Community sentiment and discussion activity for RNW.

Make a Prediction

Set your price target for ReNew Energy Global Plc generates power through renewable energy sources in India. The company (RNW), choose a timeframe, and track your prediction accuracy.

Current price: $5.76

Analyst Consensus

Consensus Rating

Aggregated Buy/Hold/Sell recommendations from Benzinga, Yahoo Finance, and Finnhub for RNW.

Price Targets

Wall Street price target analysis for RNW.

Insider Flow (30d)

No insider trades in the last 30 days.

MoonshotScore

48.5/100

Score Factors

  • Revenue Growth 4/100

    Revenue grew only 0.6% YoY, suggesting the company is in a slower growth phase.

  • Gross Margin 10/100

    Gross margin of 83.8% shows excellent pricing power and a strong competitive moat.

  • Operating Leverage 4/100

    Limited operating leverage due to slower revenue growth, keeping profit scaling constrained.

  • Cash Runway 5/100

    Cash position data is currently unavailable for this company.

  • R&D Intensity 5/100

    R&D spending data is currently unavailable for this company.

  • Insider Activity 6/100

    No significant insider buying or selling recently, which is neutral for the stock outlook.

  • Short Interest 5/100

    Float and volume data unavailable for liquidity analysis.

  • Price Momentum 0/100

    No bullish technical signals detected. The stock lacks upward price momentum currently.

  • News Sentiment 5/100

    No sentiment data available

What does this score mean?

The MoonshotScore rates RNW's growth potential on a scale of 0-100 across multiple factors including innovation, market disruption, financial health, and momentum.

Frequently Asked Questions

What does ReNew Energy Global Plc do?

ReNew Energy Global Plc is a leading renewable energy company in India, focused on generating power through wind and solar energy. The company develops, builds, owns, and operates utility-scale wind and solar projects, as well as distributed solar energy projects for commercial and industrial customers. ReNew Energy also provides engineering, procurement, and construction (EPC), operation and maintenance (O&M), and consultancy services. The company's integrated business model and diversified portfolio position it as a key player in India's growing renewable energy market.

Is RNW stock a good buy?

RNW stock presents a mixed investment profile. The company operates in a high-growth sector with strong government support, evidenced by India's ambitious renewable energy targets. ReNew Energy's robust project pipeline and integrated service offerings are positive indicators. However, potential investors should consider the company's high debt levels, exposure to regulatory risks, and dependence on weather conditions. A P/E ratio of 20.61 and a gross margin of 83.5% suggest a reasonable valuation, but careful due diligence is warranted to assess the overall risk-reward profile.

What are the main risks for RNW?

ReNew Energy faces several key risks. Regulatory and policy uncertainties in India could impact project economics and profitability. Delays in project execution and land acquisition can lead to cost overruns and missed deadlines. Fluctuations in currency exchange rates can affect the company's financial performance. Intense competition in the renewable energy sector could put pressure on margins. Additionally, technological disruptions and the emergence of new energy sources could pose a long-term threat to the company's business model. Investors should carefully assess these risks before investing in RNW.

Is RNW a good stock to buy?

Whether RNW is a good investment depends on your financial goals, risk tolerance, and investment horizon. Key factors to evaluate include the company's revenue growth trajectory, profit margins, debt-to-equity ratio, competitive moat, and valuation multiples (P/E, P/S, EV/EBITDA) relative to industry peers. Our AI-generated Investment Thesis and SWOT analysis on this page provide a data-driven starting point. Always do your own research and consider consulting a financial advisor before making investment decisions.

What is the RNW MoonshotScore?

The MoonshotScore for RNW is an AI-powered rating from 0 to 100 that evaluates a stock across four dimensions: growth potential (revenue and earnings trajectory), financial health (balance sheet strength, cash flow), market momentum (price trends, volume patterns, institutional flows), and risk factors (volatility, debt levels, sector headwinds). Scores above 70 indicate strong potential, 50-70 moderate, and below 50 suggests caution. The score is recalculated daily using the latest financial data and market signals.

How often is RNW data updated?

RNW stock prices are updated in real-time during U.S. market hours (9:30 AM - 4:00 PM ET, Monday through Friday). After-hours and pre-market prices are also tracked. Company fundamentals (earnings, revenue, balance sheet) are refreshed when new quarterly or annual reports are filed. Analyst ratings, price targets, and AI-generated insights are updated daily. Breaking news related to RNW is aggregated continuously from premium financial news sources throughout the day.

What are the growth catalysts for RNW?

Growth catalysts for ReNew Energy Global Plc generates power through renewable energy sources in India. The company (RNW) can include several categories: product catalysts (new launches, FDA approvals, patent grants), financial catalysts (earnings beats, margin expansion, share buybacks), strategic catalysts (acquisitions, partnerships, market expansion into new regions), and macro catalysts (favorable regulation, industry tailwinds, secular growth trends). Our AI analyzes ReNew Energy Global Plc generates power through renewable energy sources in India. The company's specific catalysts using earnings transcripts, SEC filings, and news sentiment to identify the most impactful near-term and long-term drivers.

Who are RNW's main competitors?

ReNew Energy Global Plc generates power through renewable energy sources in India. The company (RNW) competes with companies in its industry that target similar customers, markets, or product categories. Competitor analysis involves comparing key metrics: market share, revenue growth rates, profit margins, R&D spending, and valuation multiples. Understanding competitive positioning helps investors assess whether RNW has a sustainable competitive advantage (moat) through brand strength, network effects, cost leadership, or switching costs. Our Competitors section provides a side-by-side comparison with relevant peers.

What do analysts say about RNW?

Wall Street analyst coverage for RNW includes consensus ratings (buy, hold, or sell), 12-month price targets, and earnings estimates. Analyst opinions are aggregated from major investment banks and research firms. Key metrics to watch include the consensus price target (average, high, and low estimates), the number of analysts covering the stock, any recent rating changes (upgrades or downgrades), and how actual earnings compare to analyst estimates (beat or miss history). Our platform aggregates these from multiple data providers for a comprehensive view.

What is RNW's market cap?

Market capitalization (market cap) for RNW is calculated by multiplying the current share price by the total number of outstanding shares. It represents the market's total valuation of the company. Stocks are typically categorized as mega-cap ($200B+), large-cap ($10B-$200B), mid-cap ($2B-$10B), small-cap ($300M-$2B), or micro-cap (under $300M). Market cap influences index inclusion, institutional ownership eligibility, and risk profile. Our Key Statistics section shows RNW's current market cap alongside enterprise value and other valuation metrics.

How has RNW stock performed recently?

RNW's recent stock performance can be evaluated across multiple timeframes: daily price changes, week-over-week momentum, monthly trends, and year-to-date returns. Important performance indicators include the stock's 52-week high and low, moving averages (50-day and 200-day SMA), relative strength index (RSI), and volume trends. Comparing RNW's performance against its sector index and the S&P 500 provides context on whether it is outperforming or underperforming the broader market.

What are the risks of investing in RNW?

Key risk categories for RNW include: market risk (overall market downturns affecting stock prices), company-specific risk (management changes, product failures, competitive threats), financial risk (high debt levels, cash burn, dilution from stock issuance), regulatory risk (government policy changes, lawsuits, compliance issues), and macroeconomic risk (interest rate changes, inflation, currency fluctuations). Beta measures RNW's volatility relative to the market - a beta above 1.0 means higher volatility than the S&P 500. Our AI-generated risk assessment identifies the most relevant risk factors for this specific stock.

Are insiders buying or selling RNW?

Insider trading activity for RNW tracks purchases and sales by company executives, directors, and major shareholders (10%+ owners) as reported in SEC Form 4 filings. Insider buying is generally considered a bullish signal because insiders have the deepest knowledge of company operations, while selling may have various motivations (diversification, tax planning, pre-planned 10b5-1 trading plans). Key metrics include the buy-to-sell ratio, total dollar value of insider transactions, and whether multiple insiders are trading in the same direction. Our Insider Flow tab shows recent transactions with dates and dollar amounts.

Is RNW a good stock for beginners?

ReNew Energy Global Plc generates power through renewable energy sources in India. The company (RNW) can be suitable for beginner investors depending on several factors. Look at the MoonshotScore on this page for an overall AI-powered assessment of growth potential and risk. Beginners should also check the company's market cap (larger companies tend to be less volatile), gross margin (higher margins mean stronger business fundamentals), and cash position (healthy cash reduces bankruptcy risk). Always start with a small position size and never invest money you cannot afford to lose.

How risky is RNW for first-time investors?

Every stock carries risk, including ReNew Energy Global Plc generates power through renewable energy sources in India. The company (RNW). First-time investors should review the Risk Factors section on this page for company-specific risks. Key risk indicators include price volatility (check the chart for daily swings), insider selling activity (see Insider Flow tab), and cash runway (see MoonshotScore breakdown). A diversified portfolio with an index fund like the S&P 500 as a core holding is generally recommended before adding individual stocks like RNW.

Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.

Data provided for informational purposes only.

AI Analysis Notes
  • Information is based on publicly available data and may be subject to change.
  • Financial metrics are as of March 31, 2022, and may not reflect current performance.
Data Sources
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