Roth Capital Has Pessimistic Outlook of RNW Q3 Earnings

ReNew Energy Global PLC (NASDAQ:RNW) – Equities research analysts at Roth Capital dropped their Q3 2026 earnings per share (EPS) estimates for ReNew Energy Global in a research note issued on Monday, November 10th. Roth Capital analyst J. Clare now forecasts that the company will post earnings of ($0.12) per share for the quarter, down from their previous estimate of ($0.09). 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 Q4 2026 earnings at $0.01 EPS.

ReNew Energy Global (NASDAQ:RNW) last announced its quarterly earnings results on Monday, November 10th. The company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.04). ReNew Energy Global had a return on equity of 7.90% and a net margin of 5.37%.The business had revenue of $433.94 million during the quarter, compared to the consensus estimate of $403.19 million.

Several other research analysts have also recently weighed in on the company. Mizuho set a $8.15 price objective on ReNew Energy Global and gave the stock a “neutral” rating in a research report on Wednesday, October 29th. Weiss Ratings began coverage on shares of ReNew Energy Global in a research report on Tuesday. They set a “hold (c)” rating on the stock. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, ReNew Energy Global currently has an average rating of “Hold” and an average target price of $7.83.

ReNew Energy Global Stock Down 0.4%

Shares of RNW stock traded down $0.03 during trading hours on Thursday, hitting $7.30. 268,965 shares of the company were exchanged, compared to its average volume of 1,004,205. The company has a market capitalization of $2.65 billion, a PE ratio of 23.53 and a beta of 0.89. The company has a current ratio of 0.77, a quick ratio of 0.73 and a debt-to-equity ratio of 4.34. ReNew Energy Global has a 52 week low of $5.18 and a 52 week high of $8.24. The business has a 50 day moving average of $7.70 and a two-hundred day moving average of $7.34.

Institutional Investors Weigh In On ReNew Energy Global

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Parallel Advisors LLC increased its holdings in ReNew Energy Global by 61.3% during the 3rd quarter. Parallel Advisors LLC now owns 17,806 shares of the company’s stock worth $137,000 after purchasing an additional 6,765 shares in the last quarter. Orion Porfolio Solutions LLC purchased a new position in ReNew Energy Global during the third quarter worth about $126,000. Cresset Asset Management LLC bought a new position in shares of ReNew Energy Global during the 3rd quarter worth approximately $152,000. Harvest Portfolios Group Inc. lifted its position in shares of ReNew Energy Global by 3.9% during the 3rd quarter. Harvest Portfolios Group Inc. now owns 41,751 shares of the company’s stock worth $321,000 after buying an additional 1,568 shares in the last quarter. Finally, Quantbot Technologies LP grew its holdings in shares of ReNew Energy Global by 188.1% in the third quarter. Quantbot Technologies LP now owns 12,203 shares of the company’s stock valued at $94,000 after acquiring an additional 7,968 shares in the last quarter. 43.56% of the stock is owned by institutional investors.

ReNew Energy Global Company Profile

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.