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ReNew Energy Global Plc (RNW)

5.62   -0.03 (-0.53%) 03-31 16:00
Open: 5.64 Pre. Close: 5.65
High: 5.66 Low: 5.455
Volume: 1,194,506 Market Cap: 2,178(M)

Technical analysis

as of: 2023-03-31 4:21:47 PM
Stoxline posted a BUY today, same as yesterday. Upward movement continues.
Target: Six months: 6.85     One year: 8
Support: Support1: 4.73    Support2: 4.03
Resistance: Resistance1: 5.86    Resistance2: 6.85
Pivot: 5.02
Moving Average: MA(5): 5.52     MA(20): 4.9
MA(100): 5.55     MA(250): 6.27
MACD: MACD(12,26): 0.1     Signal(9): -0.1
Stochastic oscillator: %K(14,3): 84.6     %D(3): 86.9
RSI: RSI(14): 61.1
52-week: High: 8.44  Low: 4.03
Average Vol(K): 3-Month: 1,130 (K)  10-Days: 1,389 (K)

Price, moving averages and Bollinger Bands

Price has closed above its short-term moving average. Short-term moving average is currently above mid-term; and below 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 15.8%. Bollinger Bands are 55% 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

Update at 5:00pm EST
If tomorrow: Open lower Open higher
High: 5.67 - 5.7 5.7 - 5.72
Low: 5.39 - 5.42 5.42 - 5.44
Close: 5.58 - 5.62 5.62 - 5.66

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, 29 Mar 2023
The Impact of Market Fluctuations on ReNew Energy Global Plc's ... - The News Heater

Tue, 28 Mar 2023
ReNew Repays More Than $1 Billion to Offshore Bondholders in ... - Business Wire

Fri, 24 Mar 2023
Utilities Stocks Moving Up and Down Friday: RNW, VGAS, VIA, GNE, ADN, AZRE, OPAL, AESC - InvestorsObserver

Fri, 24 Mar 2023
CPPIB Said to Explore Buying Out ReNew Energy Shareholders - Bloomberg

Fri, 24 Mar 2023
Renew Energy Global PLC (RNW) is up 5.69% Friday In Premarket Trading - InvestorsObserver

Mon, 20 Mar 2023
Weiss Asset Management LP Has $1.21 Million Holdings in ReNew ... - MarketBeat

Financial Analysis

Price to Book Value: Outperform
P/BV, a ratio used to compare book value to its current market price, to gauge whether a stock is valued properly.
Price to Earnings: Underperform
PE, the ratio for valuing a company that measures its current share price relative to its earnings per share (EPS).
Discounted cash flow: Outperform
DCF, a valuation method used to estimate the value of an investment based on its expected future cash flows.
Return on Assets: Neutral
ROA, indicates how profitable a company is in relation to its total assets, how efficiently uses assets to generate a profit.
Return on Equity: Neutral
ROE, a measure of financial performance calculated by dividing net income by equity. a gauge of profitability and efficiency.
Debt to Equity: Outperform
evaluate financial leverage, reflects the ability of equity to cover outstanding debts in the event of a business downturn.
Free Technical Analysis Charts

Stock Basics & Statistics

Exchange:  NASDAQ
Sector:  Utilities
Industry:  Utilities—Renewable
Shares Out. 269 (M)
Shares Float 106 (M)
% Held by Insiders 15.2 (%)
% Held by Institutions 77.4 (%)
Shares Short 3,870 (K)
Shares Short P.Month 6,090 (K)

Stock Financials

EPS -0.4
EPS Est Next Qtl 0
EPS Est This Year 0
EPS Est Next Year 0
Book Value (p.s.) 298.95
Profit Margin (%) -16.1
Operating Margin (%) 62.1
Return on Assets (ttm) 4.2
Return on Equity (ttm) -8.8
Qtrly Rev. Growth 15.1
Gross Profit (p.s.) 219.06
Sales Per Share 254.84
EBITDA (p.s.) 213.45
Qtrly Earnings Growth 0
Operating Cash Flow 59,530 (M)
Levered Free Cash Flow -81,260 (M)

Stock Valuations

PE Ratio -14.23
PEG Ratio 0
Price to Book value 0.01
Price to Sales 0.02
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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