ReNew Energy Global PLC Ordinary Shares - Class A RNW
About Quantitative Ratings
Morningstar Quantitative Ratings for Stocks are generated using an algorithm that compares companies that are not under analyst coverage to peer companies that do receive analyst-driven ratings. Companies with quantitative ratings are not formally covered by a Morningstar analyst, but are statistically matched to analyst-rated companies, allowing our models to calculate a quantitative moat, fair value, and uncertainty rating.
Is it the right time to buy, sell, or hold?
Start a free trial of Morningstar Investor to unlock exclusive ratings and continuous analyst coverage to help you decide if RNW is a good fit for your portfolio.
News
-
ReNew partners with JERA to evaluate Joint Development of Green Ammonia Project in India
-
ReNew Crosses 10 GW of Gross Renewable Energy Assets
-
ReNew Announces Results for the Third Quarter and Nine Months of Fiscal Year 2024: Increases the bottom end of Adjusted EBITDA guidance for FY24 by 2%
-
ReNew Announces Date and Conference Call Details for Q3 FY 24 Earnings Report
Trading Information
- Previous Close Price
- $5.68
- Day Range
- $5.72–6.26
- 52-Week Range
- $4.78–7.79
- Bid/Ask
- $6.00 / $6.20
- Market Cap
- $2.26 Bil
- Volume/Avg
- 972,086 / 670,100
Key Statistics
- Price/Earnings (Normalized)
- 71.60
- Price/Sales
- 2.20
- Dividend Yield (Trailing)
- —
- Dividend Yield (Forward)
- —
- Total Yield
- —
Company Profile
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.
- Sector
- Utilities
- Industry
- Utilities - Renewable
- Stock Style Box
- Small Core
- Total Number of Employees
- 2,481
- Website
- https://www.renewpower.in
Comparables
Valuation
Metric
|
RNW
|
541450
|
IVVIRESCENT
|
---|---|---|---|
Price/Earnings (Normalized) | 71.60 | 258.96 | — |
Price/Book Value | 1.96 | 28.96 | — |
Price/Sales | 2.20 | 34.60 | — |
Price/Cash Flow | 11.77 | 118.38 | — |
Price/Earnings
RNW
541450
IVVIRESCENT
Financial Strength
Metric
|
RNW
|
541450
|
IVVIRESCENT
|
---|---|---|---|
Quick Ratio | 0.80 | 0.46 | — |
Current Ratio | 0.85 | 0.52 | — |
Interest Coverage | 1.02 | 1.28 | — |
Quick Ratio
RNW
541450
IVVIRESCENT
Profitability
Metric
|
RNW
|
541450
|
IVVIRESCENT
|
---|---|---|---|
Return on Assets (Normalized) | 0.72% | 1.62% | — |
Return on Equity (Normalized) | 5.67% | 14.72% | — |
Return on Invested Capital (Normalized) | 4.31% | 6.81% | — |
Return on Assets
RNW
541450
IVVIRESCENT
Utilities - Renewable Industry Comparables
Ticker
|
Name
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
---|---|---|---|---|---|
CEG
| Constellation Energy Corp | — | Cdhxhn | $61.4 Bil | |
GEV
| GE Vernova Inc | Qchnsgjx | Lgtd | $45.6 Bil | |
OEZVY
| Verbund AG ADR | — | Mjjb | $27.5 Bil | |
OEZVF
| Verbund AG Class A | — | Fhwlf | $27.5 Bil | |
DNNGY
| Orsted A/S ADR | — | Xhrshn | $24.6 Bil | |
DOGEF
| Orsted A/S | — | Bkbbd | $24.6 Bil | |
CZAVF
| CEZ a.s | — | Qbchbm | $19.6 Bil | |
EBR.B
| Centrais Eletricas Brasileiras SA ADR | — | Wrx | $16.8 Bil | |
BEP
| Brookfield Renewable Partners LP | Cjbnjjmd | Djvp | $7.4 Bil | |
BEPC
| Brookfield Renewable Corp Ordinary Shares - Class A (Sub Voting) | Tqbgxqqmqw | Zgn | $5.1 Bil |