
RNW Stock Forecast & Price Target
RNW Analyst Ratings
Bulls say
ReNew Energy Global PLC has demonstrated a modest growth in its total portfolio, increasing from 13,745 MW to 13,756 MW in FQ2, underpinned by a favorable auction environment in India, where 50GW are projected to be auctioned annually to meet the 500GW renewable energy target by 2030. The company's strong positioning is further highlighted by a significant 20% year-over-year increase in India's peak power demand, alongside an anticipated 35% year-over-year growth in per-share EBITDA for FY'25, driven by an upward trend in average tariffs and stable financing costs. Additionally, with a total of 13.8GW contracted mature portfolio and 3.1GW of projects secured at auction, ReNew Energy is well-positioned for sustained growth in both FY'25 and FY'26.
Bears say
ReNew Energy Global PLC faces a negative outlook primarily due to lower-than-expected demand for its clean energy projects, which may adversely impact its revenue generation. The company has revised its FY'25 revenue forecast down to $1.15 billion, a decrease from the previous estimate of $1.24 billion, driven by a lower end-of-year capacity estimate and reduced deployment forecasts. Additionally, the financial stability of its offtakers poses a risk; if their conditions worsen, the demand for ReNew's utility-scale projects could decline, directly affecting the company's revenues and profitability.
This aggregate rating is based on analysts' research of ReNew Energy Global PLC and is not a guaranteed prediction by Public.com or investment advice.
RNW Analyst Forecast & Price Prediction
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