ReNew Energy Global Refreshes Board Representation for CPP Investments, Notes Independent Director Exit

ReNew Energy Global ( (RNW) ) has shared an update.

ReNew Energy Global PLC announced board changes in early March 2026, reflecting an update in representation from a major shareholder and a separate independent director departure. On March 6, 2026, the board approved Canada Pension Plan Investment Board’s request to replace its investor nominee director, appointing Pushkar Kulkarni effective March 5, 2026 in place of Kavita Saha, who resigned without any disagreement with the company.

Kulkarni, a seasoned infrastructure and sustainable energies executive who leads CPP Investments’ infrastructure practice in India, brings more than 25 years of experience across the infrastructure value chain and holds key board and advisory roles in Indian infrastructure entities. Separately, the board on March 9, 2026 noted the resignation of independent director Nicoletta Giadrossi, also effective that day and likewise stated to be unrelated to any dispute or concerns over the company’s operations, signaling governance continuity despite the board refresh.

The most recent analyst rating on (RNW) stock is a Hold with a $6.00 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.

The score is driven by improving operations and a constructive earnings update (raised guidance, refinancing progress, and capital recycling), but tempered by high leverage and negative free cash flow that increase funding risk. Technicals add pressure due to a clear downtrend, while valuation is moderately supportive based on the P/E.

To see Spark’s full report on RNW stock, click here.

More about ReNew Energy Global

ReNew Energy Global PLC is a renewable energy company focused on infrastructure and sustainable energy assets, with significant institutional backing including representation from Canada Pension Plan Investment Board. The company operates in India’s fast-growing clean energy and infrastructure market, positioning itself as a key player in long-term energy transition investments.

Average Trading Volume: 1,240,981

Technical Sentiment Signal: Sell

Current Market Cap: $1.94B

See more insights into RNW stock on TipRanks’ Stock Analysis page.