ReNew Energy Global (NASDAQ:RNW – Get Free Report) posted its quarterly earnings data on Monday. The company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.01, FiscalAI reports. ReNew Energy Global had a return on equity of 7.71% and a net margin of 7.24%. The business had revenue of $490.17 million for the quarter, compared to analysts’ expectations of $462.35 million.
ReNew Energy Global Price Performance
NASDAQ:RNW remained flat at $6.85 during mid-day trading on Monday. 1,622,088 shares of the company traded hands, compared to its average volume of 1,385,924. ReNew Energy Global has a 1-year low of $4.39 and a 1-year high of $7.69. The company has a debt-to-equity ratio of 3.35, a quick ratio of 0.40 and a current ratio of 0.43. The company has a 50 day moving average price of $6.85 and a two-hundred day moving average price of $5.97. The stock has a market cap of $2.50 billion, a P/E ratio of 21.41 and a beta of 1.22.
Analysts Set New Price Targets
RNW has been the subject of a number of research analyst reports. Roth Capital cut ReNew Energy Global from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 26th. Zacks Research lowered ReNew Energy Global from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 17th. Four equities research analysts have rated the stock with a Hold rating. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $6.39.
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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