Roth Capital Cuts Earnings Estimates for ReNew Energy Global

ReNew Energy Global Plc (NASDAQ:RNW) – Analysts at Roth Capital lowered their Q1 2026 earnings estimates for shares of ReNew Energy Global in a research report issued to clients and investors on Thursday, February 20th. Roth Capital analyst J. Clare now anticipates that the company will earn $0.17 per share for the quarter, down from their previous forecast of $0.20. 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 $0.19 EPS and Q4 2026 earnings at $0.03 EPS.

ReNew Energy Global (NASDAQ:RNW) last issued its quarterly earnings results on Tuesday, February 18th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.07). The business had revenue of $248.00 million for the quarter, compared to analysts’ expectations of $20.22 billion. ReNew Energy Global had a return on equity of 1.75% and a net margin of 2.17%.

Separately, Roth Mkm reduced their price objective on ReNew Energy Global from $8.00 to $7.50 and set a “buy” rating for the company in a research note on Friday.

ReNew Energy Global Stock Performance

RNW opened at $6.11 on Monday. The firm’s fifty day simple moving average is $6.73 and its two-hundred day simple moving average is $6.22. ReNew Energy Global has a 52-week low of $5.15 and a 52-week high of $7.49. The company has a market cap of $2.22 billion, a price-to-earnings ratio of 122.20 and a beta of 0.89. The company has a quick ratio of 0.64, a current ratio of 0.60 and a debt-to-equity ratio of 4.74.

Hedge Funds Weigh In On ReNew Energy Global

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets purchased a new position in shares of ReNew Energy Global during the 4th quarter worth $25,000. Point72 Asset Management L.P. purchased a new position in ReNew Energy Global during the fourth quarter worth about $25,000. Summit Securities Group LLC acquired a new position in ReNew Energy Global in the 4th quarter valued at about $34,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of ReNew Energy Global in the 4th quarter valued at approximately $52,000. Finally, Signaturefd LLC purchased a new stake in shares of ReNew Energy Global in the 4th quarter valued at approximately $65,000. 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.