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Renew Energy Global PLC(RNW)

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EXPLORE ADVISORIES AND THEIR HISTORY
QUALITY SIGNAL RECENCY
4-STAR RATING
STRONG BUY
BUY for 134 days
PROFIT SINCE LAST BUY
+29.18% ▲
LAST CLOSE
$6.95
11/10/2026
(24-hour delay)

Advisory History & Simulated Performance *

*as per simulation (see disclosures)
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Upturn Stock price based on last close iconStock price based on last close
Simulated performance—not actual client returns. Excludes advisory subscription fees, trading commissions, and taxes, which would reduce returns. Results depend on calculation assumptions and do not guarantee future outcomes. See Disclosures for full methodology, assumptions, and limitations.

Advisory Performance History (Simulated)Advisory Performance History info

Simulated performance—not actual client returns. Excludes advisory subscription fees, trading commissions, and taxes, which would reduce returns. Results depend on calculation assumptions and do not guarantee future outcomes. See Disclosures for full methodology, assumptions, and limitations.

Upturn Advisory & Investor View for RNW

11/10/2026: RNW (4-star) is a STRONG-BUY. BUY for 134 days. Simulated Profits (29.18%). Updated daily EoD!

ReNew Energy Global PLC is a major independent power producer in India, focusing on the development and operation of large-scale wind and solar infrastructure. The company benefits from a substantial portfolio of long-term power purchase agreements and is expanding into emerging areas like energy storage and green hydrogen to capture the energy transition market. While its growth story is supported by India's national decarbonization goals, the company faces significant execution, leverage, and regulatory risks. It is best suited for growth-oriented investors with a high risk tolerance who are looking for exposure to emerging market clean energy infrastructure. Key developments to monitor include project commissioning schedules and debt management progress.

How to Read the Upturn Advisory

The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.

Company fundamentals, valuation, risks, and news provide supporting context about the business.

Investor Fit

Investor styleFitWhy
Growth investorStrong fitThe company is a major player in a high-growth sector essential to the global energy transition.
Momentum investorMixed fitPrice action is often tied to large project announcements and macro shifts in Indian energy policy.
Value investorWeak fitHigh capital intensity and debt levels make traditional value metrics difficult to apply.
Dividend investorWeak fitThe company does not pay dividends, focusing instead on aggressive infrastructure growth.
Low-risk investorWeak fitHigh leverage, currency risk, and project execution risks create significant volatility.

Risk Profile

Risk factorLevelWhy it matters
Price volatilityHighThe stock is susceptible to fluctuations in global renewable market sentiment.
Valuation riskMediumValuations are highly dependent on long-term project viability and interest rate assumptions.
Competition riskMedium / highIncreasing competition from large conglomerates can compress margins in solar and wind auctions.
Business qualityMediumThe business model relies on stable, long-term contracts despite potential counterparty risks.
Dividend incomeLow / noneThe company does not provide a yield, making it unsuitable for income-focused investors.
Execution riskMedium / highLarge-scale infrastructure projects are prone to construction delays and cost overruns.

Price Behavior

Strong Uptrend
PRICE PATH

Strong Uptrend

The stock has maintained a strong upward price trend across the last three quarters.

Moderately Choppy
PRICE STABILITY

Moderately Choppy

The stock has experienced noticeable price swings while retaining some directional structure.

Analysis of Past Performance

Type Stock
Historic Profit 41.42%
Avg. Invested days 64
Today’s Advisory Strong Buy
Upturn Advisory Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance icon 4.0
Stock Returns Performance Upturn Returns Performance icon 3.0
Upturn Profits based on simulation icon Profits based on simulation
Upturn last close icon Last Close 11/10/2026

Upturn Scorecard

Upturn Star Rating

★★★★★
RNW receives a 3-star rating, supported by solid company fundamentals. The rating is constrained by weak price momentum.

Company Fundamentals

★★★★★
RNW has solid overall fundamentals (4 stars), with solid financial health, solid growth momentum, and solid ownership. In FY2026 versus FY2025, strong earnings growth (+186.5%) and strong revenue growth (+43.3%) are partially offset by weak cash generation (FCF margin -55.5%), soft profitability (net margin 7.9%).

Financial Health Rating

★★★★★
RNW's financial health is supported by solid profitability, including gross margin of 58.5% and operating margin of 43.4%. Liquidity is soft (2 stars), which helps explain the 4-star overall score.

Growth Momentum Score

★★★★★
Earnings growth is RNW's strongest growth driver at +186.5% FY2026 versus FY2025 (strong, 5 stars). By comparison, revenue growth (+43.3%, strong) is also strong, while free-cash-flow growth (-195.8%, negative) holds the profile back, so recent growth is not broad-based across the business.

Ownership

★★★★★
Institutional ownership is 75.9% and approximately 27.1% of outstanding shares are publicly tradable, supporting liquidity and institutional participation. Insider ownership of 14.24% supports management-shareholder alignment.

Top 5 Institutional Investors

Canada Pension Plan Investment Board 20.98%
Franklin Templeton Inc 4.10%
Rubric Capital Management LP 3.02%
BlackRock Inc 2.66%
Millennium Management LLC 1.71%

Unit Economics (Per $1K Revenue)

★★★★★
RNW generates approximately $585 of gross profit, $434 of operating income, and $-555 of free cash flow for every $1,000 of revenue. Based on FY2026 results. Weak margins and weak cash conversion support a 3-star rating, while capital efficiency is soft.

Economic Dimensions

★★★★★
Effective Tax Rate: 23.75%

Quantitative Style Profile

★★★★★
RNW has a Value-Oriented profile. Weak momentum is the primary drawback.

Style Classification

Quality Focused

Value-OrientedSmall / Mid Cap Risk

Key Highlights

Company Size Mid-Cap Stock
Market Capitalization 2.53B USD
Price to earnings Ratio 18.26
1Y Target Price 7.8
Price to earnings Ratio 18.26
1Y Target Price 7.8
Volume (30-day avg) 1.6M shares
Beta 1.19
52 Weeks Range 4.38 - 7.69
Updated Date 11/10/2026
52 Weeks Range 4.38 - 7.69
Updated Date 11/10/2026
Dividends yield (FY) -
Basic EPS (TTM) 0.38

How Company Makes Money

Business areaWhat it includesRetail investor read
Utility-Scale PowerRevenue from long-term PPAs for wind and solar electricity generation.The company makes money by acting as a long-term utility provider, selling electricity to government and private grid operators.

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

Earnings Date

Report Date 2026-11-02
When After Market
Estimate 0.16
Actual 0.17

Profitability

Profit Margin 8.39%
Operating Margin (TTM) 52.24%

Management Effectiveness

Return on Assets (TTM) 4.06%
Return on Equity (TTM) 8.6%

Valuation

Trailing PE 18.26
Forward PE 30.12
Enterprise Value 10.07B
Price to Sales(TTM) 0.02
Enterprise Value 10.07B
Price to Sales(TTM) 0.02
Enterprise Value to Revenue 6.43
Enterprise Value to EBITDA 8.81
Shares Outstanding 246.20M
Shares Floating 66.72M
Shares Outstanding 246.20M
Shares Floating 66.72M
Percent Insiders 14.24
Percent Institutions 75.93

Financial Metrics

🧭 Investment Snapshot

Total Revenue (Scale)

Information icon Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.

Net Income (Profit)

Information icon Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.

Free Cash Flow (Cash Strength)

Information icon Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.

📈 Growth & Strength

Operating Income (Core Profit)

Information icon Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.

EBITDA (Cash Earnings)

Information icon Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.

Gross Profit (Unit Profitability)

Information icon Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.

🛡️ Financial Safety

Cash (Liquidity Buffer)

Information icon Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.

Total Debt (Leverage Risk)

Information icon Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.

Net Working Capital (Short-Term Health)

Information icon Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.

🧱 Balance Sheet Strength

Stockholder Equity (Net Worth)

Information icon Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.

Total Assets (Asset Base)

Information icon The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.

Income Before Tax (Pre-Tax Earnings)

Information icon Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.

⚙️ Cost & Drag Factors

Cost of Revenue (Production Cost)

Information icon Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.

Total Operating Expenses (Operating Cost)

Information icon Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.

Income Tax Expense (Tax Drag)

Information icon Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.

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