ReNew Energy Global (NASDAQ:RNW) Announces Quarterly Earnings Results, Beats Expectations By $0.12 EPS

ReNew Energy Global (NASDAQ:RNW) posted its quarterly earnings results on Monday. The company reported $0.00 earnings per share for the quarter, topping the consensus estimate of ($0.12) by $0.12, reports. The company had revenue of $349.01 million for the quarter, compared to the consensus estimate of $262.33 million. ReNew Energy Global had a return on equity of 7.90% and a net margin of 5.37%.

Here are the key takeaways from ReNew Energy Global’s conference call:

• ReNew increased operating capacity to 11.8 GW and its total portfolio to 19.2 GW (including ~1.5 GW of BESS), and has reconfigured the pipeline to favor solar + BESS—cutting committed wind from ~2.5 GW to ~850 MW—to lower CapEx, execution risk and make cash flows more predictable.
• Financials improved materially: nine‑month Adjusted EBITDA rose 31% to INR 74.8 billion with PAT up over sixfold, management raised a $600 million bond at 6.5% (first Gift City bond), completed $275 million of asset recycling (600 MW sold), and raised full‑year Adjusted EBITDA guidance to INR 90 billion–INR 93 billion with project build guidance of 1.8–2.4 GW.
• Manufacturing is a growing cash generator—contributing INR 10.8 billion to Adjusted EBITDA YTD, producing ~3 GW of modules and 1.4 GW of cells YTD, with a 900 MW external order book and a 4 GW cell plant under construction (first cells due next fiscal).
• Leverage is trending down (headline debt/EBITDA from 8.2x to 7x; operating‑portfolio trailing 12‑month ~5.6x) and the company targets reducing consolidated leverage to below ~5.5x by 2028–2030 via further asset sales, capital recycling and cost optimization.
• Transmission delays and curtailment remain a meaningful industry risk—roughly 400–500 MW of ReNew capacity was on TGNA and faces variable curtailment (management cited typical intraperiod curtailment around ~10–20%), and policy/compensation changes are still being negotiated by authorities.

ReNew Energy Global Stock Down 1.5%

ReNew Energy Global stock opened at $5.43 on Wednesday. The stock’s 50 day moving average price is $5.57 and its 200 day moving average price is $6.92. ReNew Energy Global has a 1-year low of $5.05 and a 1-year high of $8.24. The company has a market cap of $1.97 billion, a PE ratio of 17.50 and a beta of 0.91. The company has a debt-to-equity ratio of 4.34, a current ratio of 0.77 and a quick ratio of 0.74.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Morgan Stanley set a $6.03 price objective on shares of ReNew Energy Global in a research report on Monday, February 2nd. Weiss Ratings downgraded ReNew Energy Global from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, February 11th. Finally, Mizuho lowered their price objective on shares of ReNew Energy Global from $8.15 to $7.00 and set a “neutral” rating for the company in a research report on Tuesday, December 16th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $6.84.

Hedge Funds Weigh In On ReNew Energy Global

Several hedge funds have recently added to or reduced their stakes in RNW. State Street Corp raised its holdings in ReNew Energy Global by 484.6% in the fourth quarter. State Street Corp now owns 2,779,666 shares of the company’s stock valued at $15,705,000 after acquiring an additional 2,304,172 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of ReNew Energy Global by 25.4% in the 3rd quarter. Invesco Ltd. now owns 2,349,062 shares of the company’s stock worth $18,088,000 after purchasing an additional 475,258 shares during the last quarter. M&G PLC lifted its stake in ReNew Energy Global by 8.3% in the fourth quarter. M&G PLC now owns 1,845,282 shares of the company’s stock valued at $11,072,000 after buying an additional 141,952 shares during the last quarter. First Trust Advisors LP boosted its holdings in shares of ReNew Energy Global by 1.7% during the fourth quarter. First Trust Advisors LP now owns 812,140 shares of the company’s stock valued at $4,589,000 after acquiring an additional 13,313 shares during the period. Finally, Lazard Asset Management LLC increased its holdings in shares of ReNew Energy Global by 65.7% in the 4th quarter. Lazard Asset Management LLC now owns 731,685 shares of the company’s stock worth $4,134,000 after acquiring an additional 290,025 shares during the period. 43.56% of the stock is currently owned by hedge funds and other institutional investors.

ReNew Energy Global Company Profile

ReNew Energy Global PLC is an independent power producer specializing in the development, construction, ownership and operation of utility-scale renewable energy projects. Headquartered in Gurugram, India, the company focuses on onshore wind farms, solar photovoltaic plants and hybrid energy systems, often paired with battery energy storage to enhance grid stability and dispatch flexibility. ReNew Energy Global markets electricity under long-term power purchase agreements, serving utilities, distribution companies and corporate offtakers.

The company’s core business activities encompass site identification, project design, procurement, construction management and ongoing asset management.