ReNew Energy Global
Develops and operates Indian renewable-energy assets and related energy infrastructure.
Something off on this page? Send us feedback.
Profile
Develops, builds, owns, and operates utility-scale renewable-energy and energy-supply projects in India. It combines electricity sales and construction activity with solar manufacturing, transmission projects, and storage-oriented services.
Develops, builds, owns, and operates utility-scale wind, solar, hydro, firm-power, and corporate-energy projects in India. Wind, Solar and Hydro Power combines electricity sales with construction activity, making asset development and operation central to the business.
Manufacturing produces solar panels and modules, while Transmission Line projects extend the business beyond generation. Peak-power, round-the-clock supply, and storage offerings broaden the energy-services mix.
Founded in 2011 by Sumant Sinha, operations are concentrated in India, while the listed parent is registered in London and its principal operating office is in Gurugram. The model depends on developing projects, building assets, and selling the power they generate.
Company facts
Key statistics
Year to date +16.5% · Average volume (30d) 2.7M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 26, 2026 | Roth Capital | Downgrade | Neutral | |||
| Jul 28, 2026 | Mizuho Securities | Target | $6.75 | $7.02 | ||
| Jun 1, 2026 | Mizuho Securities | Target | $7 | $6.75 | ||
| Feb 2, 2026 | Morgan Stanley | Target | $6.03 | |||
| Dec 16, 2025 | Mizuho Securities | Target | $8.15 | $7 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 18, 2026Q1 FY27 | $0.12 | $0.17 | +39.0% | $459.9M | $506.2M | +10.1% | 0.00% |
| May 18, 2026Q4 FY26 | −$0.21 | $0.02 | +109.5% | $307.7M | $422.9M | +37.4% | −2.19% |
| Feb 16, 2026Q3 FY26 | −$0.12 | $0.00 | +98.5% | $265.6M | $349.0M | +31.4% | +2.99% |
| Nov 10, 2025Q2 FY26 | $0.17 | $0.13 | −23.5% | $402.1M | $433.8M | +7.9% | −0.54% |
Financial highlights
| 12 quarters | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 | |
|---|---|---|---|---|---|---|---|
| Revenue | $304.5M | $408.9M | $380.2M | $265.8M | $338.5M | $470.2M | |
| Gross profit | $248.2M | $338.7M | $321.4M | $150.4M | $165.5M | $262.8M | |
| Operating income | $151.0M | $212.0M | $196.9M | $97.8M | $100.2M | $217.1M | |
| Net income | $24.7M | $53.8M | $49.0M | −$2.1M | $8.3M | $62.8M | |
| Diluted EPS | $0.07 | $0.14 | $0.13 | −$0.01 | $0.02 | $0.17 | |
| Gross margin | 81.5% | 82.8% | 84.5% | 56.6% | 48.9% | 55.9% | |
| Operating margin | 49.6% | 51.8% | 51.8% | 36.8% | 29.6% | 46.2% |
Fiscal years (4-quarter sums)FY22 $820.1M · FY23 $907.1M · FY24 $852.6M · FY25 $1.02B · FY26 $1.39B
Revenue by product · FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $919.6M · Total debt $8.45B · Total assets $11.45B · Shareholders' equity $1.38B
Dividends
No dividends on record.
Ownership
Shares outstanding 363.67M · Float 223.18M · 61.4% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Canada Pension Plan Investment Board | 88.85M | 34.40% | 13D | Aug 11, 2026 |
| Sumant Sinha | 60.54M | 19.75% | 13D | Aug 11, 2026 |
| Platinum Cactus A 2019 Trust | 58.17M | 23.64% | 13D | Aug 11, 2026 |
| JERA Power RN B.V. | 28.52M | 10.00% | 13D | Aug 11, 2026 |
| Franklin Resources, Inc. | 14.61M | 5.90% | 13G | Apr 29, 2026 |
Insider tradesForm 4
No open-market trades in the last 12 months.
View detailsPeers
Not reported.