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ReNew Energy Global ( (RNW) ) has provided an announcement.
On February 18, 2025, ReNew Energy Global Plc announced its unaudited financial results for the third quarter and the first nine months of fiscal year 2025, which ended on December 31, 2024. The company reported a 25.5% increase in commissioned capacity year-over-year, reaching approximately 10.7 GW by the end of 2024, with subsequent new wind capacity pushing it to 10.8 GW. Despite revenue growth due to increased operational capacity, challenges like lower resource availability and lower tariffs impacted overall financial performance, with a net loss reported for Q3 FY25. Additionally, a consortium’s non-binding offer to acquire ReNew shares at $7.07 each was received, indicating potential future changes in ownership structure.
More about ReNew Energy Global
ReNew Energy Global Plc is a leading company in the decarbonization solutions industry, focusing on renewable energy projects including wind, solar, and hydroelectric power generation. The company operates a significant portfolio of energy assets and has a market focus on expanding its commissioned capacity through various projects.
YTD Price Performance: -3.97%
Average Trading Volume: 1,264,120
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $2.44B
Find detailed analytics on RNW stock on TipRanks’ Stock Analysis page.
