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ReNew Energy Global
(NASDAQ:RNW)
ReNew Energy Global (RNW) vs. SPDR S&P 500 ETF (SPY)
ReNew Energy Global Business Overview & Revenue Model
ReNew Energy Global Earnings Call Summary
ReNew Energy Global Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 122.78B | 97.06B | 81.32B | 78.22B | 59.35B | 48.19B |
| Gross Profit | 102.54B | 88.47B | 77.47B | 71.27B | 59.02B | 47.76B |
| EBITDA | 91.67B | 81.08B | 68.75B | 57.45B | 37.98B | 42.63B |
| Net Income | 8.29B | 3.81B | 3.40B | -4.82B | -16.08B | -7.82B |
Balance Sheet | ||||||
| Total Assets | 1.01T | 959.80B | 873.93B | 746.49B | 641.34B | 492.05B |
| Cash, Cash Equivalents and Short-Term Investments | 111.03B | 81.34B | 79.67B | 80.63B | 79.27B | 47.24B |
| Total Debt | 760.30B | 732.28B | 655.66B | 536.58B | 447.71B | 351.65B |
| Total Liabilities | 873.97B | 828.69B | 752.24B | 628.09B | 514.97B | 427.31B |
| Stockholders Equity | 122.13B | 112.60B | 105.22B | 106.85B | 118.44B | 62.08B |
Cash Flow | ||||||
| Free Cash Flow | 4.72B | -26.09B | -84.91B | -24.70B | -47.44B | 7.60B |
| Operating Cash Flow | 78.18B | 67.56B | 68.93B | 66.67B | 42.39B | 32.08B |
| Investing Cash Flow | -66.11B | -74.16B | -162.53B | -79.99B | -124.75B | -17.41B |
| Financing Cash Flow | 9.25B | 19.98B | 82.42B | 23.02B | 90.04B | -7.08B |
ReNew Energy Global Technical Analysis
ReNew Energy Global Risk Analysis
ReNew Energy Global Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | $4.26B | 32.92 | 6.96% | 0.99% | 45.09% | 50.54% | |
70 Neutral | $7.28B | 14.44 | 13.20% | 5.60% | 2.54% | 124.89% | |
66 Neutral | $17.65B | 18.10 | 5.60% | 3.62% | 6.62% | 11.55% | |
63 Neutral | $7.28B | 15.45 | 13.20% | 5.29% | 2.54% | 124.89% | |
61 Neutral | $1.97B | 18.93 | 7.64% | ― | 42.09% | 219.69% | |
56 Neutral | $5.65B | ― | -10.72% | ― | -16.15% | -324.40% | |
51 Neutral | $7.48B | -6.13 | -38.17% | 3.84% | 5.93% | -39.88% |
ReNew Energy Global Corporate Events
On January 22, 2026, ReNew Energy Global raised USD 600 million via an oversubscribed offering of 6.5% senior secured green bonds due 2031, issued out of its GIFT City-based subsidiary ReNew Treasury IFSC Private Limited and guaranteed by ReNew and ReNew Private Limited. The transaction, placed with institutional investors across Asia, the UK and the US and attracting peak demand of more than USD 2 billion, is notable as the first international bond issuance from a GIFT City issuer and is structured with a security package similar to ReNew’s 7.95% green bonds due 2026. Proceeds will primarily be used to redeem USD 525 million of those higher‑coupon Diamond II bonds, making the deal broadly debt-neutral while cutting the interest rate from 7.95% to 6.5% and extending maturity from 2026 to 2031, thereby lowering funding costs and strengthening ReNew’s long-term financial profile and access to diversified global capital pools.
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.
On December 29, 2025, ReNew Energy Global Plc said it had received most of the cash proceeds from the previously announced sale of a solar project first disclosed on October 8, 2025, a transaction with an enterprise value of about $191 million including net current assets. The deal will bring in roughly $97 million of cash to ReNew, of which about $82 million has already been collected and the remaining $15 million is expected within around two weeks following prepayment of existing project finance lenders, with the company planning to use the funds to repay existing holding-company debt and strengthen its balance sheet.
The most recent analyst rating on (RNW) stock is a Hold with a $7.00 price target. To see the full list of analyst forecasts on ReNew Energy Global stock, see the RNW Stock Forecast page.
On December 15, 2025, ReNew Energy Global announced that the Abu Dhabi Future Energy Company PJSC-Masdar has withdrawn from a consortium that was planning to acquire ReNew’s share capital not already owned by the consortium members. This withdrawal has led to the termination of discussions regarding the proposed transaction, despite previous progress and increased offer prices. The company’s leadership, including CEO Sumant Sinha, remains optimistic about ReNew’s future, emphasizing strong business performance and growth prospects. The company reported a 22% increase in commissioned capacity and a 24% rise in Adjusted EBITDA year-over-year, with revised guidance for FY26. ReNew continues to focus on capitalizing on opportunities in the Indian market and plans to provide further updates in February 2026.
The most recent analyst rating on (RNW) stock is a Hold with a $7.50 price target. To see the full list of analyst forecasts on ReNew Energy Global stock, see the RNW Stock Forecast page.
On December 2, 2025, ReNew Energy Global Plc announced the sale of its Gadag Transmission Limited project to IndiGrid Infrastructure Trust for approximately US$ 41 million, excluding cash and working capital adjustments. This transaction, which includes an earn-out related to Change-In-Law provisions, will result in a cash inflow of about US$ 15 million after debt transfer, subject to regulatory approvals, and marks a strategic move in ReNew’s asset management and industry positioning.
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.
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.
On November 10, 2025, ReNew Energy Global announced its unaudited financial results for the second quarter and first half of fiscal 2026, ending September 30, 2025. The company reported a substantial increase in total income and net profit compared to the previous year, driven by expanded operational capacity and external sales from its solar module and cell manufacturing operations. Despite a slight decline in net profit for Q2 FY26 compared to Q2 FY25, the overall financial performance was bolstered by a 12.8% increase in commissioned capacity and a 10.9% rise in electricity sold in H1 FY26. The results reflect ReNew’s strategic growth in renewable energy capacity and its effective capital recycling strategy, positioning it favorably in the renewable energy market.
The most recent analyst rating on (RNW) stock is a Hold with a $8.00 price target. To see the full list of analyst forecasts on ReNew Energy Global stock, see the RNW Stock Forecast page.