Renew Energy Global Stock Today

RNW Stock  USD 6.03  0.06  0.99%   

Performance

4 of 100

 
Weak
 
Strong
Insignificant

Odds Of Distress

Less than 41

 
High
 
Low
Below Average
Renew Energy is selling for under 6.03 as of the 30th of November 2024; that is 0.99 percent decrease since the beginning of the trading day. The stock's lowest day price was 5.99. Renew Energy has about a 41 percent probability of financial distress in the next few years of operation and did not have a very good performance during the last 90 trading days. Equity ratings for Renew Energy Global are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 1st of September 2024 and ending today, the 30th of November 2024. Click here to learn more.
Business Domain
Utilities
IPO Date
1st of February 2021
ReNew Energy Global Plc generates power through non-conventional and renewable energy sources in India. ReNew Energy Global Plc was founded in 2011 and is based in London, the United Kingdom. Renew Energy is traded on NASDAQ Exchange in the United States. The company has 244.27 M outstanding shares of which 6.45 M shares are at this time shorted by investors with about 7.6 days to cover. More on Renew Energy Global

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Renew Stock Highlights

ESG Sustainability
Environmental
Governance
Social
President ProjectsSanjay Varghese
Old NameTransAlta Renewables Inc
Business ConcentrationElectric Utilities, Utilities - Renewable, Utilities, NASDAQ Composite, Energy, Utilities, Electric Utilities, Utilities—Renewable, Utilities (View all Sectors)
Average Analyst Recommendation
Financial Strength
Current ValueLast YearChange From Last Year 10 Year Trend
Asset Turnover0.06370.093
Way Down
Slightly volatile
Gross Profit Margin1.080.9527
Moderately Up
Very volatile
Total Current Liabilities91.8 B142 B
Way Down
Slightly volatile
Non Current Liabilities Total459.2 B610.2 B
Way Down
Slightly volatile
Total Assets666.1 B873.9 B
Way Down
Slightly volatile
Total Current Assets98.9 B104.4 B
Notably Down
Slightly volatile
Total Cash From Operating Activities72.4 B68.9 B
Sufficiently Up
Slightly volatile
Debt Levels
Renew Energy can leverage the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Renew Energy's financial leverage. It provides some insight into what part of Renew Energy's total assets is financed by creditors.
Liquidity
Renew Energy Global has 655.66 B in debt with debt to equity (D/E) ratio of 3.69, meaning that the company heavily relies on borrowing funds for operations. Renew Energy Global has a current ratio of 1.15, demonstrating that it may have difficulties to pay its financial commitments when the payables are due. Note however, debt could still be an excellent tool for Renew to invest in growth at high rates of return.

Total Cash From Operating Activities

72.38 Billion
Renew Energy Global (RNW) is traded on NASDAQ Exchange in USA. It is located in 50, Broadway, London, United Kingdom, SW1H 0DB and employs 3,988 people. Renew Energy is listed under Electric Utilities category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a total capitalization of 2.21 B. Renew Energy Global runs under Electric Utilities sector within Utilities industry. The entity has 244.27 M outstanding shares of which 6.45 M shares are at this time shorted by investors with about 7.6 days to cover. Renew Energy Global has about 66.06 B in cash with 68.93 B of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 165.95, which can makes it an attractive takeover target, given it will continue generating positive cash flow.
Check Renew Energy Probability Of Bankruptcy
Ownership Allocation
Renew Energy owns a total of 244.27 Million outstanding shares. The majority of Renew Energy Global outstanding shares are owned by third-party entities. These institutional holders are usually referred to as non-private investors looking to secure positions in Renew Energy Global to benefit from reduced commissions. Consequently, institutional investors are subject to a different set of regulations than regular investors in Renew Energy. Please pay attention to any change in the institutional holdings of Renew Energy Global as this could imply that something significant has changed or is about to change at the company. Please note that no matter how many assets the company maintains, if the real value of the company is less than the current market value, you may not be able to make money on it.
Check Renew Ownership Details

Renew Stock Institutional Holders

InstituionRecorded OnShares
State Street Corp2024-06-30
1.4 M
Daymark Wealth Partners Llc2024-09-30
1.4 M
First Trust Advisors L.p.2024-06-30
1.2 M
Manufacturers Life Insurance Co2024-09-30
1.1 M
Kayne Anderson Capital Advisors Lp2024-09-30
888.8 K
Swedbank Ab2024-09-30
802.4 K
Picton Mahoney Asset Management2024-09-30
719.5 K
Ubs Asset Mgmt Americas Inc2024-09-30
699.9 K
Abrdn Plc2024-09-30
631.5 K
Canada Pension Plan Investment Board2024-09-30
76.5 M
Rubric Capital Management Lp2024-06-30
13.5 M
View Renew Energy Diagnostics

Renew Energy Historical Income Statement

At this time, Renew Energy's Other Operating Expenses is fairly stable compared to the past year. Net Income From Continuing Ops is likely to climb to about 4.4 B in 2024, whereas EBIT is likely to drop slightly above 35.5 B in 2024. View More Fundamentals

Renew Stock Against Markets

Renew Energy Corporate Management

MBA CSGroup OfficerProfile
Balram MehtaGroup BusinessProfile
Vikash JainGlobal CounselProfile
Vikram KapurCarbon HydrogenProfile
Ajay TripathiChief OfficerProfile
Ashish JainCompany OfficerProfile

Additional Tools for Renew Stock Analysis

When running Renew Energy's price analysis, check to measure Renew Energy's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Renew Energy is operating at the current time. Most of Renew Energy's value examination focuses on studying past and present price action to predict the probability of Renew Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Renew Energy's price. Additionally, you may evaluate how the addition of Renew Energy to your portfolios can decrease your overall portfolio volatility.