ReNew Energy Global (RNW) Stock Forecast, Price Target & Predictions

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RNW Stock Forecast

ReNew Energy Global stock forecast is as follows: an average price target of $9.00 (represents a 72.41% upside from RNW’s last price of $5.22) and a rating consensus of 'Hold', based on 3 wall street analysts offering a 1-year stock forecast.

RNW Price Target

The average price target for ReNew Energy Global (RNW) is $9.00 based on 1-year price targets from 3 Wall Street analysts in the past 3 months, with a price target range of $9.00 to $9.00. This represents a potential 72.41% upside from RNW's last price of $5.22.

RNW Analyst Ratings

Hold

According to 3 Wall Street analysts, ReNew Energy Global's rating consensus is 'Hold'. The analyst rating breakdown for RNW stock is 0 'Strong Buy' (0.00%), 1 'Buy' (33.33%), 2 'Hold' (66.67%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).

ReNew Energy Global Price Target by Analyst

Date	Analyst	Company	Price Target	Price when Published	Price Target/Price when Published	Price Target/Last Closing Price
Jun 07, 2024	Nikhil Nigania	Bernstein	$9.00	$6.20	45.16%	72.41%

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The latest ReNew Energy Global stock forecast, released on Jun 07, 2024 by Nikhil Nigania from Bernstein, set a price target of $9.00, which represents a 45.16% increase from the stock price at the time of the forecast ($6.20), and a 72.41% increase from RNW last price ($5.22).

ReNew Energy Global Price Target by Period

	1M	3M	12M
# Anlaysts	-	-	1
Avg Price Target	-	-	$9.00
Last Closing Price	$5.22	$5.22	$5.22
Upside/Downside	-100.00%	-100.00%	72.41%

In the current month, the average price target of ReNew Energy Global stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to ReNew Energy Global's last price of $5.22. This month's average price target is down NaN% compared to last quarter, and down -100.00% compared to last year.

Analyst Ratings Upgrades/Downgrades

Date	Company	Previous Rating	New Rating	Rating Change
Sep 26, 2024	Morgan Stanley	-	Equal-Weight	Downgrade
Jun 07, 2024	Bernstein	Outperform	Outperform	Hold
Apr 26, 2022	Zacks Investment Research	-	Hold	Upgrade

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ReNew Energy Global's last stock rating was published by Morgan Stanley on Sep 26, 2024. The company Downgrade its RNW rating from "null" to "Equal-Weight".

ReNew Energy Global Financial Forecast

ReNew Energy Global Revenue Forecast

	Mar 27	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21
Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$23.32B	$13.17B	$19.56B	$22.17B	$14.95B	$11.90B	$16.99B
Avg Forecast	$42.80B	$34.94B	$47.78B	$40.10B	$33.73B	$31.20B	$37.93B	$35.35B	$24.92B	$20.03B	$27.57B	$25.65B	$20.16B	$15.18B	$21.48B	$24.37B	$15.87B	$17.26B	$22.38B	$22.65B	$15.63B	$13.69B	$19.47B
High Forecast	$42.80B	$34.94B	$47.78B	$40.10B	$33.73B	$31.20B	$37.93B	$35.35B	$24.92B	$20.03B	$28.14B	$25.65B	$20.16B	$15.18B	$24.47B	$24.37B	$15.87B	$17.26B	$22.38B	$22.65B	$15.63B	$13.69B	$19.47B
Low Forecast	$42.80B	$34.94B	$47.78B	$40.10B	$33.73B	$31.20B	$37.93B	$35.35B	$24.92B	$20.03B	$26.99B	$25.65B	$20.16B	$15.18B	$18.49B	$24.37B	$15.87B	$17.26B	$22.38B	$22.65B	$15.63B	$13.69B	$19.47B
# Analysts	1	1	1	1	1	1	1	1	1	1	2	1	1	1	2	1	1	1	1	1	1	1	1
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.47%	0.76%	0.87%	0.98%	0.96%	0.87%	0.87%

ReNew Energy Global's average Quarter revenue forecast for Jun 23 based on 1 analysts is $24.37B, with a low forecast of $24.37B, and a high forecast of $24.37B. RNW's average Quarter revenue forecast represents a 4.50% increase compared to the company's last Quarter revenue of $23.32B (Mar 23).

ReNew Energy Global EBITDA Forecast

	Mar 27	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21
# Analysts	1	1	1	1	1	1	1	1	1	1	2	1	1	1	2	1	1	1	1	1	1	1	1
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$12.63B	$11.69B	$32.84B	$20.24B	$26.61B	$10.14B	$14.87B
Avg Forecast	$37.99B	$31.01B	$42.41B	$35.59B	$29.94B	$27.69B	$33.67B	$31.38B	$22.12B	$17.78B	$24.47B	$22.77B	$17.89B	$13.47B	$19.06B	$21.63B	$14.08B	$15.32B	$19.87B	$20.10B	$13.87B	$12.15B	$17.28B
High Forecast	$37.99B	$31.01B	$42.41B	$35.59B	$29.94B	$27.69B	$33.67B	$31.38B	$22.12B	$17.78B	$24.98B	$22.77B	$17.89B	$13.47B	$21.72B	$21.63B	$14.08B	$15.32B	$19.87B	$20.10B	$13.87B	$12.15B	$17.28B
Low Forecast	$37.99B	$31.01B	$42.41B	$35.59B	$29.94B	$27.69B	$33.67B	$31.38B	$22.12B	$17.78B	$23.96B	$22.77B	$17.89B	$13.47B	$16.41B	$21.63B	$14.08B	$15.32B	$19.87B	$20.10B	$13.87B	$12.15B	$17.28B
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.90%	0.76%	1.65%	1.01%	1.92%	0.83%	0.86%

1 analysts predict RNW's average Quarter EBITDA for Jun 23 to be $21.63B, with a high of $21.63B and a low of $21.63B. This is 71.25% upper than ReNew Energy Global's previous annual EBITDA (Mar 23) of $12.63B.

ReNew Energy Global Net Income Forecast

	Mar 27	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21
# Analysts	1	1	1	1	1	1	1	1	1	1	2	1	1	1	2	1	1	1	1	1	1	1	1
Net Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$74.00M	$-4.01B	$-986.00M	$-104.00M	$-3.62B	$-6.38B	$-6.61B
Avg Forecast	-	-	-	-	$-421.09M	$-1.59B	$4.51B	$2.79B	$758.26M	$-1.54B	$3.64B	$2.00B	$-1.11B	$-4.06B	$1.00B	$1.70B	$-2.64B	$-2.45B	$2.39B	$1.81B	$2.38B	$-1.85B	$1.57B
High Forecast	-	-	-	-	$-421.09M	$-1.59B	$4.51B	$2.79B	$758.26M	$-1.54B	$4.16B	$2.01B	$-1.11B	$-2.61B	$1.80B	$1.70B	$-2.64B	$-2.45B	$2.39B	$1.81B	$2.38B	$-1.85B	$1.57B
Low Forecast	-	-	-	-	$-421.09M	$-1.59B	$4.51B	$2.79B	$758.26M	$-1.54B	$3.12B	$2.00B	$-1.11B	$-5.22B	$300.25M	$1.70B	$-2.64B	$-2.45B	$2.39B	$1.81B	$2.38B	$-1.85B	$1.57B
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.03%	1.64%	-0.41%	-0.06%	-1.52%	3.45%	-4.20%

ReNew Energy Global's average Quarter net income forecast for Jun 23 is $1.70B, with a range of $1.70B to $1.70B. RNW's average Quarter net income forecast represents a 2198.49% increase compared to the company's last Quarter net income of $74.00M (Mar 23).

ReNew Energy Global SG&A Forecast

	Mar 27	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21
# Analysts	1	1	1	1	1	1	1	1	1	1	2	1	1	1	2	1	1	1	1	1	1	1	1
SG&A	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$1.18B	$1.24B	$901.00M	$1.09B	$1.08B	$1.14B	$12.20B
Avg Forecast	$3.12B	$2.54B	$3.48B	$2.92B	$2.46B	$2.27B	$2.76B	$2.57B	$1.81B	$1.46B	$2.01B	$1.87B	$1.47B	$1.11B	$1.56B	$1.77B	$1.16B	$1.26B	$1.63B	$1.65B	$1.14B	$997.04M	$1.42B
High Forecast	$3.12B	$2.54B	$3.48B	$2.92B	$2.46B	$2.27B	$2.76B	$2.57B	$1.81B	$1.46B	$2.05B	$1.87B	$1.47B	$1.11B	$1.78B	$1.77B	$1.16B	$1.26B	$1.63B	$1.65B	$1.14B	$997.04M	$1.42B
Low Forecast	$3.12B	$2.54B	$3.48B	$2.92B	$2.46B	$2.27B	$2.76B	$2.57B	$1.81B	$1.46B	$1.97B	$1.87B	$1.47B	$1.11B	$1.35B	$1.77B	$1.16B	$1.26B	$1.63B	$1.65B	$1.14B	$997.04M	$1.42B
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.02%	0.99%	0.55%	0.66%	0.95%	1.14%	8.61%

ReNew Energy Global's average Quarter SG&A projection for Jun 23 is $1.77B, based on 1 Wall Street analysts, with a range of $1.77B to $1.77B. The forecast indicates a 50.64% rise compared to RNW last annual SG&A of $1.18B (Mar 23).

ReNew Energy Global EPS Forecast

	Mar 27	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21
# Analysts	1	1	1	1	1	1	1	1	1	1	2	1	1	1	2	1	1	1	1	1	1	1	1
EPS	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$0.30	$-10.19	$-2.51	$-0.26	$-9.08	$-15.10	$-18.59
Avg Forecast	-	-	-	-	$-1.16	$-4.39	$12.43	$7.67	$2.09	$-4.23	$10.02	$5.52	$-3.07	$-11.19	$2.76	$4.69	$-7.26	$-6.76	$6.59	$4.97	$6.57	$-5.09	$4.34
High Forecast	-	-	-	-	$-1.16	$-4.39	$12.43	$7.67	$2.09	$-4.23	$11.45	$5.54	$-3.07	$-7.19	$4.96	$4.69	$-7.26	$-6.76	$6.59	$4.97	$6.57	$-5.09	$4.34
Low Forecast	-	-	-	-	$-1.16	$-4.39	$12.43	$7.67	$2.09	$-4.23	$8.59	$5.50	$-3.07	$-14.39	$0.83	$4.69	$-7.26	$-6.76	$6.59	$4.97	$6.57	$-5.09	$4.34
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.04%	1.51%	-0.38%	-0.05%	-1.38%	2.97%	-4.29%

According to 1 Wall Street analysts, ReNew Energy Global's projected average Quarter EPS for Jun 23 is $4.69, with a low estimate of $4.69 and a high estimate of $4.69. This represents a 1461.71% increase compared to RNW previous annual EPS of $0.30 (Mar 23).

ReNew Energy Global Peer Comparison by Price Target

Ticker	Company	Last Closing Price	Avg Price Target	Upside/Downside	Avg Rating
AMPS	Altus Power	$3.95	$7.83	98.23%	Buy
NRGV	Energy Vault	$1.43	$2.75	92.31%	Buy
RNW	ReNew Energy Global	$5.22	$9.00	72.41%	Hold
FLNC	Fluence Energy	$20.22	$26.61	31.60%	Buy
CWEN	Clearway Energy	$26.95	$35.00	29.87%	Buy
ENLT	Enlight Renewable Energy	$15.90	$20.00	25.79%	-
AY	Atlantica Sustainable Infrastructure	$22.10	$25.40	14.93%	Hold
EE	Excelerate Energy	$26.75	$20.00	-25.23%	Buy
ADN	Advent Technologies	$7.58	$4.00	-47.23%	Buy

RNW Forecast FAQ

Is ReNew Energy Global a good buy?

No, according to 3 Wall Street analysts, ReNew Energy Global (RNW) is considered a 'Hold'. The rating consensus is based on 0 'Strong Buy' and 1 'Buy' recommendations, accounting for 33.33% of RNW's total ratings.

What is RNW's price target?

ReNew Energy Global (RNW) average price target is $9 with a range of $9 to $9, implying a 72.41% from its last price of $5.22. The data is based on 3 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will ReNew Energy Global stock go up soon?

According to Wall Street analysts' prediction for RNW stock, the company can go up by 72.41% (from the last price of $5.22 to the average price target of $9), up by 72.41% based on the highest stock price target, and up by 72.41% based on the lowest stock price target.

Can ReNew Energy Global stock reach $8?

RNW's average twelve months analyst stock price target of $9 supports the claim that ReNew Energy Global can reach $8 in the near future.

What are ReNew Energy Global's analysts' financial forecasts?

ReNew Energy Global's analysts financial forecasts for the fiscal year (Mar 2026) are as follows: average revenue is $138.21B (high $138.21B, low $138.21B), average EBITDA is $122.67B (high $122.67B, low $122.67B), average net income is $5.28B (high $5.28B, low $5.28B), average SG&A $10.06B (high $10.06B, low $10.06B), and average EPS is $14.55 (high $14.55, low $14.55). RNW's analysts financial forecasts for the fiscal year (Mar 2027) are as follows: average revenue is $165.62B (high $165.62B, low $165.62B), average EBITDA is $147B (high $147B, low $147B), average net income is $0 (high $0, low $0), average SG&A $12.06B (high $12.06B, low $12.06B), and average EPS is $0 (high $0, low $0).

Did the RNW's actual financial results beat the analysts' financial forecasts?

Based on ReNew Energy Global's last annual report (Mar 2023), the company's revenue was $78.22B, beating the average analysts forecast of $78.15B by 0.09%. Apple's EBITDA was $63.04B, missing the average prediction of $69.37B by -9.12%. The company's net income was $-5.029B, beating the average estimation of $-890M by 465.00%. Apple's SG&A was $4.41B, missing the average forecast of $5.69B by -22.46%. Lastly, the company's EPS was $0, missing the average prediction of $-2.452 by -100.00%. In terms of the last quarterly report (Mar 2023), ReNew Energy Global's revenue was $23.32B, beating the average analysts' forecast of $15.87B by 46.97%. The company's EBITDA was $12.63B, missing the average prediction of $14.08B by -10.31%. ReNew Energy Global's net income was $74M, missing the average estimation of $-2.636B by -102.81%. The company's SG&A was $1.18B, beating the average forecast of $1.16B by 1.95%. Lastly, the company's EPS was $0.3, missing the average prediction of $-7.261 by -104.13%