During the last session, ReNew Energy Global plc (NASDAQ:RNW)’s traded shares were 0.77 million, with the beta value of the company hitting 0.88. At the end of the trading day, the stock’s price was $7.46, reflecting an intraday gain of 0.27% or $0.02. The 52-week high for the RNW share is $7.67, that puts it down -2.82 from that peak though still a striking 30.97% gain since the share price plummeted to a 52-week low of $5.15. The company’s market capitalization is $2.71B, and the average intraday trading volume over the past 10 days was 1.71 million shares, and the average trade volume was 923.71K shares over the past three months.
ReNew Energy Global plc (RNW) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.75. RNW has a Sell rating from 0 analyst(s) out of 2 analysts who have looked at this stock. 1 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 1 recommend a Buy rating for it.
ReNew Energy Global plc (NASDAQ:RNW) trade information
ReNew Energy Global plc (RNW) registered a 0.27% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 0.27% in intraday trading to $7.46, hitting a weekly high. The stock’s 5-day price performance is -2.74%, and it has moved by 6.57% in 30 days. Based on these gigs, the overall price performance for the year is 9.22%. The short interest in ReNew Energy Global plc (NASDAQ:RNW) is 2.76 million shares and it means that shorts have 3.84 day(s) to cover.
The consensus price target of analysts on Wall Street is $9, which implies an increase of 17.11% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $9 and $9 respectively. As a result, RNW is trading at a discount of -20.64% off the target high and -20.64% off the low.
While earnings are projected to return 58.02% in 2025.
RNW Dividends
ReNew Energy Global plc is due to release its next quarterly earnings on 2025-Jun-16. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
ReNew Energy Global plc (NASDAQ:RNW)’s Major holders
ReNew Energy Global plc insiders own 15.75% of total outstanding shares while institutional holders control 87.20%, with the float percentage being 103.50%. CANADA PENSION PLAN INVESTMENT BOARD is the largest shareholder of the company, while 180.0 institutions own stock in it. As of 2024-06-30, the company held over 76.5 million shares (or 4.66% of all shares), a total value of $477.37 million in shares.
The next largest institutional holding, with 13.51 million shares, is of RUBRIC CAPITAL MANAGEMENT LP’s that is approximately 0.8227% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $84.28 million.
Also, the Mutual Funds coming in first place with the largest holdings of ReNew Energy Global plc (RNW) shares are ADVISORS’ INNER CIRCLE III-Ecofin Global Renewables Infrastructure Fd. and Templeton Developing Markets Trust . Data provided on Mar 31, 2025 indicates that ADVISORS’ INNER CIRCLE III-Ecofin Global Renewables Infrastructure Fd. owns about 1.74 shares. This amounts to just over 0.71 percent of the company’s overall shares, with a $13.01 million market value. The same data shows that the other fund manager holds slightly less at 1.37, or about 0.56% of the stock, which is worth about $10.21 million.
