ReNew Energy Global price target raised to $8 from $7.50 at Roth Capital

Roth Capital raised the firm’s price target on ReNew Energy Global (RNW) to $8 from $7.50 and keeps a Buy rating on the shares. The firm raised its price target following a consortium of investors announcing a plan to increase the offer price for ReNew to $8.00 per share from the prior $7.07 per share offer. Roth believes this proposal is “more likely to be acceptable to investors, given the higher premium.”