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ReNew Energy Global Plc (RNW)
6.49  0.04 (0.62%)    09-18 16:00
Open: 6.46
High: 6.58
Volume: 669,398
  
Pre. Close: 6.45
Low: 6.395
Market Cap: 2,421(M)
Technical analysis
2024-09-18 4:47:10 PM
Short term     
Mid term     
Targets 6-month :  7.68 1-year :  8.97
Resists First :  6.57 Second :  7.68
Pivot price 6
Supports First :  5.86 Second :  5.42
MAs MA(5) :  6.35 MA(20) :  5.91
MA(100) :  5.96 MA(250) :  6.14
MACD MACD :  0.1 Signal :  0
%K %D K(14,3) :  93.2 D(3) :  90
RSI RSI(14): 71.9
52-week High :  7.78 Low :  4.78
Price, MAs and Bollinger Bands

Price has closed above its short-term moving average. Short-term moving average is currently above mid-term; and above long-term moving average. From the relationship between price and moving averages: This stock is BULLISH in short-term; and NEUTRAL in mid-long term.
[ RNW ] has closed below upper band by 10.2%. Bollinger Bands are 61.9% wider than normal. The large width of the bands suggest high volatility as compared to its normal range. The bands have been in this wide range for 1 days. This is a sign that the current trend might continue.

Stock Price Prediction
If tomorrow: Open lower Open higher
High: 6.59 - 6.61 6.61 - 6.64
Low: 6.33 - 6.36 6.36 - 6.39
Close: 6.44 - 6.49 6.49 - 6.53
Company Description

ReNew Energy Global Plc generates power through non-conventional and renewable energy sources in India. The company operates through Wind Power and Solar Power segments. It develops, builds, owns, and operates utility scale wind and solar energy projects, as well as distributed solar energy projects that generate energy for commercial and industrial customers. The company also provides engineering, procurement, and construction services; operation and maintenance services; consultancy services; and sells renewable energy certificates. As of March 31, 2022, its portfolio consisted of 10.69 GW of wind and solar energy projects, hydro, firm power projects, and distributed solar energy projects, of which 7.57 GW projects were commissioned and 3.12 GW were committed. ReNew Energy Global Plc was founded in 2011 and is based in London, the United Kingdom.

Headline News

Wed, 11 Sep 2024
Where are the Opportunities in (RNW) - Stock Traders Daily

Tue, 10 Sep 2024
ReNew Energy Global Plc (NASDAQ:RNW) Shares Sold by Van ECK Associates Corp - MarketBeat

Wed, 28 Aug 2024
ReNew Energy's Q1 Snapshot: Strong Winds, Stronger Challenges (NASDAQ:RNW) - Seeking Alpha

Sat, 17 Aug 2024
ReNew Energy Global Plc (NASDAQ:RNW) Q1 2025 Earnings Call Transcript - Insider Monkey

Thu, 15 Aug 2024
ReNew Energy Growth Amidst Net Profit Dip - TipRanks

Thu, 15 Aug 2024
ReNew Energy Global PLC (RNW) Reports Break-Even Earnings for Q1 - Nasdaq

Financial Analysis
Price to Book Value:
P/BV, a ratio used to compare book value to its current market price, to gauge whether a stock is valued properly.
Underperform
Price to Earnings:
PE, the ratio for valuing a company that measures its current share price relative to its earnings per share (EPS).
Underperform
Discounted cash flow:
DCF, a valuation method used to estimate the value of an investment based on its expected future cash flows.
Underperform
Return on Assets:
ROA, indicates how profitable a company is in relation to its total assets, how efficiently uses assets to generate a profit.
Underperform
Return on Equity:
ROE, a measure of financial performance calculated by dividing net income by equity. a gauge of profitability and efficiency.
Underperform
Debt to Equity:
evaluate financial leverage, reflects the ability of equity to cover outstanding debts in the event of a business downturn.
Underperform
Stock Basics & Statistics
Exchange:
NASDAQ
Sector:
Utilities
Industry:
Renewable Utilities
Shares Out 244 (M)
Shares Float 34 (M)
Held by Insiders 15.7 (%)
Held by Institutions 82.4 (%)
Shares Short 6,380 (K)
Shares Short P.Month 6,700 (K)
Stock Financials
EPS 0.02
EPS Est Next Qtrly 0
EPS Est This Year 0
EPS Est Next Year 0
Book Value (p.s.) 290.76
Profit Margin 0.9 %
Operating Margin 59.4 %
Return on Assets (ttm) 3.2 %
Return on Equity (ttm) 1.2 %
Qtrly Rev. Growth 8.1 %
Gross Profit (p.s.) 0
Sales Per Share 336.1
EBITDA (p.s.) 250.82
Qtrly Earnings Growth -97 %
Operating Cash Flow 65,370 (M)
Levered Free Cash Flow -138,780 (M)
Stock Valuations
PE Ratio 216.33
PEG Ratio 0
Price to Book value 0.02
Price to Sales 0.01
Price to Cash Flow 0.02
Stock Dividends
Dividend 0
Forward Dividend 0
Dividend Yield 0%
Dividend Pay Date Invalid DateTime.
Ex-Dividend Date Invalid DateTime.

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