ReNew Energy Global (NASDAQ:RNW – Get Free Report) announced its quarterly earnings data on Monday. The company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $462.35 million.
ReNew Energy Global Price Performance
Shares of NASDAQ RNW remained flat at $6.85 during midday trading on Monday. 1,622,088 shares of the stock traded hands, compared to its average volume of 1,385,924. The firm’s 50 day moving average is $6.85 and its 200 day moving average is $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. ReNew Energy Global has a 52-week low of $4.39 and a 52-week high of $7.69. The company has a current ratio of 0.43, a quick ratio of 0.40 and a debt-to-equity ratio of 3.35.
Analysts Set New Price Targets
RNW has been the topic of a number of recent research 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 analysts have rated the stock with a Hold rating. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $6.39.
Get Our Latest 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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