ReNewRNW
Market Cap: $2.38B
About: ReNew Energy Global PLC is a developer and operator of clean energy projects intended to meet India's growing energy needs in an efficient, sustainable and socially responsible manner. The company provides end-to-end solutions in a just and inclusive manner in the areas of clean energy, value-added energy offerings through digitalization, storage, and carbon markets that increasingly are integral to addressing climate change. The company has four reportable segments: wind power and solar power, hydro power and transmission line. It derives maximum revenue from Wind Power segment.
Employees: 3,988
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
15% more repeat investments, than reductions
Existing positions increased: 31 | Existing positions reduced: 27
6% more capital invested
Capital invested by funds: $811M [Q1] → $856M (+$44.8M) [Q2]
1% more funds holding
Funds holding: 87 [Q1] → 88 (+1) [Q2]
5% more first-time investments, than exits
New positions opened: 20 | Existing positions closed: 19
0.86% more ownership
Funds ownership: 59.65% [Q1] → 60.51% (+0.86%) [Q2]
0% more funds holding in top 10
Funds holding in top 10: 2 [Q1] → 2 (+0) [Q2]
5% less call options, than puts
Call options by funds: $570K | Put options by funds: $600K
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
1 analyst rating
Roth MKM Justin Clare 45% 1-year accuracy 9 / 20 met price target | 22%upside $8 | Buy Maintained | 19 Aug 2024 |
Financial journalist opinion
Based on 3 articles about RNW published over the past 30 days