The company's fundamentals are relatively healthy. Its valuation is considered fairly valued,and institutional recognition is very high. Over the past 30 days, multiple analysts have rated the company as a Buy. Despite an average stock market performance, the company shows strong fundamentals and technicals. The stock price is trading sideways between the support and resistance levels, making it suitable for range-bound swing trading.
Renew Energy Global PLC's Score
Industry at a Glance
Industry Ranking
34 / 68
Overall Ranking
157 / 4686
Industry
Electric Utilities & IPPs
Support & Resistance
No Data
Score Analysis
Current score
Previous score
Analyst Rating
Based on
4
analysts
Buy
Current Rating
8.480
Target Price
+11.29%
Upside Space
Data disclaimer: Analyst ratings and target prices are provided by LSEG for informational purposes only and do not constitute investment advice.
Renew Energy Global PLC Highlights
StrengthsRisks
ReNew Energy Global Plc is a decarbonization solutions company. It is a utility-scale renewable energy solutions providers in India. It operates wind, solar, and hydro energy projects. It provides clean energy solutions and value-added energy offerings through digitalization, storage, and carbon market services. It conducts business activities relating to the generation of power through non-conventional and renewable energy sources through ReNew Power Private Limited and its subsidiaries. It operates in four segments: wind power, solar power, hydro power, and transmission line. Its wind power segment reflects the revenue earned from its utility-scale wind energy projects in India and solar power segment reflects the revenue earned from its utility-scale and solar energy projects in India and hydro power segment reflects the revenue earned from its hydro energy projects in India. Its transmission line segment include revenue from construction and maintenance of transmission lines.
High Growth
The company's revenue has grown steadily over the past 3 years, averaging 19.30% year-on-year.
Overvalued
The company’s latest PE is 27.59, at a high 3-year percentile range.
Institutional Selling
The latest institutional holdings are 222.47M shares, decreasing 5.07% quarter-over-quarter.
ReNew Energy Global Plc is a decarbonization solutions company. It is a utility-scale renewable energy solutions providers in India. It operates wind, solar, and hydro energy projects. It provides clean energy solutions and value-added energy offerings through digitalization, storage, and carbon market services. It conducts business activities relating to the generation of power through non-conventional and renewable energy sources through ReNew Power Private Limited and its subsidiaries. It operates in four segments: wind power, solar power, hydro power, and transmission line. Its wind power segment reflects the revenue earned from its utility-scale wind energy projects in India and solar power segment reflects the revenue earned from its utility-scale and solar energy projects in India and hydro power segment reflects the revenue earned from its hydro energy projects in India. Its transmission line segment include revenue from construction and maintenance of transmission lines.