Roth Capital Issues Negative Forecast for RNW Earnings

ReNew Energy Global Plc (NASDAQ:RNW) – Analysts at Roth Capital lowered their Q1 2026 earnings estimates for ReNew Energy Global in a note issued to investors on Thursday, February 20th. Roth Capital analyst J. Clare now forecasts that the company will earn $0.17 per share for the quarter, down from their prior forecast of $0.20. The consensus estimate for ReNew Energy Global’s current full-year earnings is $0.15 per share. Roth Capital also issued estimates for ReNew Energy Global’s Q2 2026 earnings at $0.19 EPS and Q4 2026 earnings at $0.03 EPS.

ReNew Energy Global (NASDAQ:RNW) last released its quarterly earnings data on Tuesday, February 18th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.07). The business had revenue of $248.00 million for the quarter, compared to the consensus estimate of $20.22 billion. ReNew Energy Global had a net margin of 2.17% and a return on equity of 1.75%.

Separately, Roth Mkm decreased their price target on shares of ReNew Energy Global from $8.00 to $7.50 and set a “buy” rating for the company in a research report on Friday.

ReNew Energy Global Trading Down 3.8 %

Shares of NASDAQ RNW opened at $6.11 on Monday. The business has a fifty day moving average price of $6.73 and a 200 day moving average price of $6.22. ReNew Energy Global has a 1-year low of $5.15 and a 1-year high of $7.49. The company has a debt-to-equity ratio of 4.74, a current ratio of 0.60 and a quick ratio of 0.64. The stock has a market capitalization of $2.22 billion, a P/E ratio of 122.20 and a beta of 0.89.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Franklin Resources Inc. grew its stake in shares of ReNew Energy Global by 191.4% during the fourth quarter. Franklin Resources Inc. now owns 5,693,312 shares of the company’s stock worth $38,885,000 after acquiring an additional 3,739,645 shares during the last quarter. Walleye Capital LLC acquired a new position in ReNew Energy Global during the 4th quarter valued at approximately $19,302,000. Helikon Investments Ltd purchased a new position in shares of ReNew Energy Global in the fourth quarter worth $15,055,000. M&G PLC acquired a new stake in shares of ReNew Energy Global during the third quarter worth $8,097,000. Finally, State of New Jersey Common Pension Fund D purchased a new stake in shares of ReNew Energy Global during the fourth quarter valued at $4,436,000. 43.56% of the stock is owned by institutional investors and hedge funds.

About ReNew Energy Global

ReNew Energy Global Plc generates power through non-conventional and renewable energy sources in India. The company operates through two segments: Wind Power and Solar Power. It develops, builds, owns, and operates utility scale wind and solar energy, hydro energy, and utility-scale firm power projects, as well as distributed solar energy projects that generate energy for commercial and industrial customers.