ReNew Energy Global (RNW) Stock Forecast, Price Target & Predictions
RNW Stock Forecast
ReNew Energy Global stock forecast is as follows: an average price target of $9.00 (represents a 44.00% upside from RNW’s last price of $6.25) and a rating consensus of 'Buy', based on 2 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 2 Wall Street analysts in the past 3 months, with a price target range of $9.00 to $9.00. This represents a potential 44.00% upside from RNW's last price of $6.25.
RNW Analyst Ratings
According to 2 Wall Street analysts, ReNew Energy Global's rating consensus is 'Buy'. The analyst rating breakdown for RNW stock is 0 'Strong Buy' (0.00%), 1 'Buy' (50.00%), 1 'Hold' (50.00%), 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% | 44.00% |
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 44.00% increase from RNW last price ($6.25).
ReNew Energy Global Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | - | 1 |
| Avg Price Target | - | - | $9.00 |
| Last Closing Price | $6.25 | $6.25 | $6.25 |
| Upside/Downside | -100.00% | -100.00% | 44.00% |
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 $6.25. 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 |
|---|---|---|---|---|
| Jun 07, 2024 | Bernstein | Outperform | Outperform | Hold |
| Apr 26, 2022 | Zacks Investment Research | - | Hold | Upgrade |
ReNew Energy Global's last stock rating was published by Bernstein on Jun 07, 2024. The company gave RNW a "Outperform" rating, the same as its previous rate.
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 | $42.86B | $34.99B | $47.85B | $40.16B | $33.78B | $31.24B | $38.14B | $35.40B | $24.95B | $20.06B | $27.59B | $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 | $42.86B | $34.99B | $47.85B | $40.16B | $33.78B | $31.24B | $38.14B | $35.40B | $24.95B | $20.06B | $27.59B | $25.76B | $20.16B | $15.18B | $24.47B | $24.37B | $15.87B | $17.26B | $22.38B | $22.65B | $15.63B | $13.69B | $19.47B |
| Low Forecast | $42.86B | $34.99B | $47.85B | $40.16B | $33.78B | $31.24B | $38.14B | $35.40B | $24.95B | $20.06B | $27.59B | $25.54B | $20.16B | $15.18B | $18.49B | $24.37B | $15.87B | $17.26B | $22.38B | $22.65B | $15.63B | $13.69B | $19.47B |
| # Analysts | - | - | - | - | - | - | - | - | - | - | 1 | 2 | - | 1 | 2 | 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 | 2 | - | 1 | 2 | 1 | 1 | - | - | - | - | 1 | 1 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $12.63B | $11.69B | $32.84B | $20.24B | $26.61B | $10.14B | $14.87B |
| Avg Forecast | $38.04B | $31.05B | $42.47B | $35.64B | $29.98B | $27.73B | $33.85B | $31.42B | $22.15B | $17.81B | $24.49B | $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 | $38.04B | $31.05B | $42.47B | $35.64B | $29.98B | $27.73B | $33.85B | $31.42B | $22.15B | $17.81B | $24.49B | $22.86B | $17.89B | $13.47B | $21.72B | $21.63B | $14.08B | $15.32B | $19.87B | $20.10B | $13.87B | $12.15B | $17.28B |
| Low Forecast | $38.04B | $31.05B | $42.47B | $35.64B | $29.98B | $27.73B | $33.85B | $31.42B | $22.15B | $17.81B | $24.49B | $22.67B | $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 | 2 | - | 1 | 2 | 1 | 1 | - | - | - | - | 1 | 1 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $74.00M | $-4.01B | $-986.00M | $-104.00M | $-3.62B | $-6.38B | $-6.61B |
| Avg Forecast | - | - | - | - | $-479.35M | $-2.85B | $5.58B | $3.00B | $871.05M | $-1.91B | $4.21B | $2.00B | $-1.11B | $-4.06B | $1.00B | $1.70B | $-2.64B | $-2.45B | $2.39B | $1.82B | $2.40B | $-1.86B | $1.58B |
| High Forecast | - | - | - | - | $-479.35M | $-2.85B | $5.58B | $3.00B | $871.05M | $-1.91B | $4.81B | $2.00B | $-1.11B | $-2.61B | $1.80B | $1.70B | $-2.64B | $-2.45B | $2.39B | $1.82B | $2.40B | $-1.86B | $1.58B |
| Low Forecast | - | - | - | - | $-479.35M | $-2.85B | $5.58B | $3.00B | $871.05M | $-1.91B | $3.60B | $2.00B | $-1.11B | $-5.22B | $300.25M | $1.70B | $-2.64B | $-2.45B | $2.39B | $1.82B | $2.40B | $-1.86B | $1.58B |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -0.03% | 1.64% | -0.41% | -0.06% | -1.51% | 3.43% | -4.18% |
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 | 2 | - | 1 | 2 | 1 | 1 | - | - | - | - | 1 | 1 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $1.18B | $1.24B | $901.00M | $1.09B | $1.08B | $1.14B | $12.20B |
| Avg Forecast | $3.12B | $2.55B | $3.48B | $2.92B | $2.46B | $2.27B | $2.78B | $2.58B | $1.82B | $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 | $2.55B | $3.48B | $2.92B | $2.46B | $2.27B | $2.78B | $2.58B | $1.82B | $1.46B | $2.01B | $1.88B | $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 | $2.55B | $3.48B | $2.92B | $2.46B | $2.27B | $2.78B | $2.58B | $1.82B | $1.46B | $2.01B | $1.86B | $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 | 2 | - | 1 | 2 | 1 | 1 | - | - | - | - | 1 | 1 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $0.30 | $-10.19 | $-2.51 | $-0.26 | $-9.08 | $-15.10 | $-18.59 |
| Avg Forecast | - | - | - | - | $-1.32 | $-7.86 | $15.36 | $8.27 | $2.40 | $-5.27 | $11.58 | $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 | - | - | - | - | $-1.32 | $-7.86 | $15.36 | $8.27 | $2.40 | $-5.27 | $13.24 | $5.52 | $-3.07 | $-7.19 | $4.96 | $4.69 | $-7.26 | $-6.76 | $6.59 | $4.97 | $6.57 | $-5.09 | $4.34 |
| Low Forecast | - | - | - | - | $-1.32 | $-7.86 | $15.36 | $8.27 | $2.40 | $-5.27 | $9.93 | $5.52 | $-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 |
|---|---|---|---|---|---|
| NRGV | Energy Vault | $0.92 | $2.75 | 198.91% | Buy |
| AMPS | Altus Power | $3.36 | $8.50 | 152.98% | Buy |
| ADN | Advent Technologies | $2.04 | $4.00 | 96.08% | Buy |
| RNW | ReNew Energy Global | $6.25 | $9.00 | 44.00% | Buy |
| FLNC | Fluence Energy | $21.73 | $26.73 | 23.01% | Buy |
| CWEN | Clearway Energy | $29.16 | $35.00 | 20.03% | Buy |
| ENLT | Enlight Renewable Energy | $16.73 | $20.00 | 19.55% | - |
| AY | Atlantica Sustainable Infrastructure | $21.93 | $25.40 | 15.82% | Hold |
| EE | Excelerate Energy | $18.97 | $20.00 | 5.43% | Buy |
RNW Forecast FAQ
Is ReNew Energy Global a good buy?
Yes, according to 2 Wall Street analysts, ReNew Energy Global (RNW) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 1 'Buy' recommendations, accounting for 50.00% 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 44.00% from its last price of $6.25. The data is based on 2 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 44.00% (from the last price of $6.25 to the average price target of $9), up by 44.00% based on the highest stock price target, and up by 44.00% based on the lowest stock price target.
Can ReNew Energy Global stock reach $9?
RNW's average twelve months analyst stock price target of $9 does not support the claim that ReNew Energy Global can reach $9 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 $138.55B (high $138.55B, low $138.55B), average EBITDA is $122.97B (high $122.97B, low $122.97B), average net income is $5.24B (high $5.24B, low $5.24B), average SG&A $10.09B (high $10.09B, low $10.09B), and average EPS is $14.44 (high $14.44, low $14.44). RNW's analysts financial forecasts for the fiscal year (Mar 2027) are as follows: average revenue is $165.85B (high $165.85B, low $165.85B), average EBITDA is $147.2B (high $147.2B, low $147.2B), average net income is $0 (high $0, low $0), average SG&A $12.08B (high $12.08B, low $12.08B), 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 $-880M by 471.55%. 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%