Latest news with #ReNewEnergyGlobal
Yahoo
an hour ago
- Business
- Yahoo
Roth Capital Lifts Price Objective on ReNew Energy Global (RNW) Stock
ReNew Energy Global Plc (NASDAQ:RNW) is one of the Best Indian Stocks to Buy for Next 5 Years. Roth Capital lifted the price objective on the company's stock to $8 from $7.50, while keeping a 'Buy' rating, as reported by The Fly. This comes after a consortium of investors announced a plan to raise the offer price for ReNew Energy Global Plc (NASDAQ:RNW) to $8.00 per share from $7.07 per share offer. The firm opines that the proposal is more likely to be acceptable to investors, considering the higher premium. A wind turbine on a hilltop, surrounded by grass and blue sky. ReNew Energy Global Plc (NASDAQ:RNW) announced its unaudited consolidated IFRS results for Q4 2025 and FY 2025. It registered its second consecutive year of profit since listing, with commissioned capacity increasing 12.4% YoY to ~10.7 GWs (net of 300 MWs of assets sold during FY 2025) as at March 31, 2025. Subsequent to the fiscal year-end, ReNew Energy Global Plc (NASDAQ:RNW) commissioned 466 MWs, of which 436 MWs is solar and 30 MWs is wind. This took the total commissioned capacity to ~11.2 GWs. ReNew Energy Global Plc (NASDAQ:RNW) saw a 4x jump in Q4 2025 net profit, thanks to the robust growth in the manufacturing business. Notably, its net profit for Q4 2025 came in at INR 3,137 million (US$ 37 million) as compared to INR 609 million (US$ 7 million) for Q4 2024. ReNew Energy Global Plc (NASDAQ:RNW) is engaged in generating power via non-conventional and renewable energy sources in India. While we acknowledge the potential of RNW as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 13 Cheap AI Stocks to Buy According to Analysts and 11 Unstoppable Growth Stocks to Invest in Now Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Time of India
05-07-2025
- Business
- Time of India
ReNew shareholders raise offer for $880 million delisting
A consortium of key shareholders of ReNew Energy Global has raised the offer price to $8 per share from $7.07 last December for buying out other shareholders in a $880 million bid to delist the company. ReNew on Friday said it has received "a final non-binding offer" from the consortium of Abu Dhabi Future Energy Company PJSC-Masdar, Canada Pension Plan Investment Board , Platinum Hawk, and ReNew founder and chairman Sumant Sinha , to acquire the entire issued and to-be-issued share capital of the company currently not held by them. At $8 per share, the consortium will have to pay $880 million to other shareholders who together own 27.5% stake in ReNew. The revised offer lifted shares of ReNew, which closed 11% higher at $7.67 apiece on Thursday on the Nasdaq . If the consortium succeeds in buying out all other shareholders, it will be able to delist ReNew shares from Nasdaq where it has underperformed since its listing in 2021. Live Events Policy support to the renewable energy sector has waned in recent months in the US after the return of President Donald Trump's administration. Renewable energy producers however enjoyed a decent run in India's private and public markets. A special committee of independent directors was formed in December to consider the consortium's proposal. The panel is in the process of evaluating the final non-binding offer, the company said. So far, no shares have been tendered by other shareholders to the consortium. The consortium engaged with the panel for months and undertook due diligence before deciding to revise its offer price. "Our due diligence investigation has allowed us to assess the performance of the company and its outlook and refine our view on valuation," the consortium wrote in an email to the committee on July 2, a copy of which has been filed with the US market regulator.
Time of India
05-07-2025
- Business
- Time of India
ReNew Energy Global consortium raises buyout offer to $8 per share in $880 million bid
A consortium of key shareholders of ReNew Energy Global has raised the offer price to $8 per share from $7.07 last December for buying out other shareholders in a $880 million bid to delist the company. ReNew on Friday said it has received "a final non-binding offer" from the consortium of Abu Dhabi Future Energy Company PJSC-Masdar, Canada Pension Plan Investment Board , Platinum Hawk, and ReNew founder and chairman Sumant Sinha, to acquire the entire issued and to-be-issued share capital of the company currently not held by them. At $8 per share, the consortium will have to pay $880 million to other shareholders who together own 27.5 per cent stake in ReNew. The revised offer lifted shares of ReNew, which closed 11% higher at $7.67 apiece on Thursday on the Nasdaq . If the consortium succeeds in buying out all other shareholders, it will be able to delist ReNew shares from Nasdaq where it has underperformed since its listing in 2021. Policy support to the renewable energy sector has waned in recent months in the US after the return of President Donald Trump's administration. Renewable energy producers however enjoyed a decent run in India's private and public markets. A special committee of independent directors was formed in December to consider the consortium's proposal. The panel is in the process of evaluating the final non-binding offer, the company said. So far, no shares have been tendered by other shareholders to the consortium. The consortium engaged with the panel for months and undertook due diligence before deciding to revise its offer price. "Our due diligence investigation has allowed us to assess the performance of the company and its outlook and refine our view on valuation," the consortium wrote in an email to the committee on July 2, a copy of which has been filed with the US market regulator.
Business Insider
03-07-2025
- Business
- Business Insider
ReNew Energy Global (RNW) Gets a Buy from Roth MKM
In a report released today, Justin Clare from Roth MKM maintained a Buy rating on ReNew Energy Global, with a price target of $8.00. The company's shares opened today at $7.39. Don't Miss TipRanks' Half-Year Sale Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Clare covers the Utilities sector, focusing on stocks such as Enlight Renewable Energy, ReNew Energy Global, and Fluence Energy. According to TipRanks, Clare has an average return of -1.5% and a 52.85% success rate on recommended stocks. The word on The Street in general, suggests a Strong Buy analyst consensus rating for ReNew Energy Global with a $8.36 average price target, a 13.20% upside from current levels. In a report released on June 17, Mizuho Securities also reiterated a Buy rating on the stock with a $10.00 price target.
Business Insider
03-07-2025
- Business
- Business Insider
ReNew Energy Global price target raised to $8 from $7.50 at Roth Capital
Roth Capital raised the firm's price target on ReNew Energy Global (RNW) to $8 from $7.50 and keeps a Buy rating on the shares. The firm raised its price target following a consortium of investors announcing a plan to increase the offer price for ReNew to $8.00 per share from the prior $7.07 per share offer. Roth believes this proposal is 'more likely to be acceptable to investors, given the higher premium.' Don't Miss TipRanks' Half-Year Sale Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
