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ReNew Energy Global ( (RNW) ) just unveiled an update.
ReNew Energy Global Plc has announced significant progress in negotiations for a potential acquisition by a consortium including Masdar, CPP Investments, ADIA, and its CEO Sumant Sinha. The consortium aims to acquire all shares not already owned by its members for $8.15 per share. The transaction agreement is nearing finalization, with an expected completion by mid-December. However, there is no guarantee that a binding offer will be issued as planned, and further updates will be provided in the coming weeks.
The most recent analyst rating on (RNW) stock is a Hold with a $7.50 price target. To see the full list of analyst forecasts on ReNew Energy Global stock, see the RNW Stock Forecast page.
Spark’s Take on RNW Stock
According to Spark, TipRanks’ AI Analyst, RNW is a Neutral.
ReNew Energy Global’s overall score reflects strong earnings call performance and financial growth, tempered by high leverage and bearish technical indicators. The company’s strategic expansion and ESG achievements are positive, but financial stability concerns and technical weakness weigh on the score.
To see Spark’s full report on RNW stock, click here.
More about ReNew Energy Global
ReNew Energy Global Plc operates in the renewable energy sector, focusing on the development and management of clean energy projects. The company is involved in generating electricity through wind and solar power, aiming to contribute to sustainable energy solutions.
Average Trading Volume: 1,119,810
Technical Sentiment Signal: Buy
Current Market Cap: $2.77B
Find detailed analytics on RNW stock on TipRanks’ Stock Analysis page.