ReNew Energy Global PLC

ReNew Energy Global Plc develops, builds, owns, and operates solar energy projects. It operates two segments: Wind Power and Solar Power. Wind power segment reflects the revenue earned from utility-scale wind energy projects in India and Solar power segment reflects the revenue earned from utility-scale and distributed solar energy projects in India. The company was founded by Sumant Sinha in 2011 and is headquartered in Gurugram, India.

Earnings data Q1 2023

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ReNew Power reports strong Q1 performance and aligns with global climate goals

ReNew Power's Q1 2023 earnings call highlighted the company's strong financial performance, organizational strengthening, and alignment with global climate goals. Despite challenges related to income from carbon credit sales and FX impact, the company is well-positioned to capitalize on the growing Indian renewable energy market.

RNW reports strong Q2 earnings, eyes growth in renewable energy

RNW's Q2 2023 earnings call highlighted robust financial performance, strategic partnerships, and ESG initiatives, while acknowledging challenges with outstanding payments and manpower productivity. The company is well-positioned to leverage opportunities in the renewable energy and green hydrogen sectors, supported by favorable government frameworks and funding commitments.

ReNew Energy reports solid Q3 earnings, eyes growth in green initiatives

ReNew Energy Global PLC's Q3 2023 earnings call highlighted strong financial performance, strategic strengths in the Indian renewable energy market, challenges with acquisitions and weather impacts, various growth opportunities in auctions and green initiatives, and a focus on disciplined value creation and ESG practices.

ReNew Energy Global PLC reports robust Q4 performance and outlines growth strategies for FY '24

ReNew Energy Global PLC's Q4 2023 earnings call highlighted strong financial performance, strategic initiatives in the renewable energy sector, and efforts to drive operational efficiency. The company's focus on ESG initiatives, debt refinancing, and growth projections for FY '24 position it for continued success in the market.

ReNew Energy reports robust Q1 growth amidst ESG focus

ReNew Energy Global PLC's Q1 2024 performance reflects strong growth, profitability, and a strategic focus on sustainability and manufacturing expansion.
While facing challenges such as payment delays and workforce management, the company is well-positioned to capitalize on opportunities in renewable energy and green hydrogen projects.
By addressing operational challenges, leveraging its strengths in ESG initiatives, and seizing growth opportunities, ReNew Energy is poised for continued success and expansion in the renewable energy sector.

ReNew Energy reports strong Q2 earnings, faces module supply challenges

ReNew Energy Global PLC's Q2 2024 performance reflects profitability driven by operational improvements and increased capacity.
The company's strengths lie in securing power agreements, financial discipline, and strong ESG initiatives.
Challenges include potential supply deficits, project execution bottlenecks, and asset sale gains not reflected in EBITDA.
Opportunities exist in strategic partnerships, government support for transmission expansion, and a stable project financing strategy.

ReNew Energy reports profitability, raises guidance amidst regulatory uncertainties

ReNew Energy Global PLC showcased strong financial performance, highlighted by profitability, positive cash flow, and improved operational metrics. The company's focus on wind projects and ESG initiatives, along with raised guidance for FY '24, indicate a positive outlook. Challenges include regulatory uncertainties and lower solar PLF in the quarter.

ReNew Energy exceeds earnings expectations, plans aggressive growth strategy

ReNew Energy Global PLC's Q4 FY '24 earnings call highlighted strong financial performance, ESG achievements, and growth plans. The company's focus on funding growth sustainably through asset monetization and commitment to social responsibility were key themes. Challenges include transmission charges and declining solar module prices, while opportunities lie in auction markets and higher IRRs for complex projects.

ReNew Energy Global PLC reports robust Q1 performance and growth opportunities

ReNew Energy Global PLC's Q1 FY'25 Earnings Call highlighted strong performance, emphasizing safety, ESG commitments, and disciplined bidding strategies. The company showcased strengths in safety records, gender diversity, and capital access. Challenges include managing revenue impact from lower PLFs and optimizing project performance assessments, while opportunities lie in portfolio expansion and enhancing ESG initiatives.

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ReNew Energy Global Plc is a decarbonization solutions company, which engages in the research and development of renewable energy sources. It operates through the following segments: Wind Power, Solar Power, Hydro Power, and Transmission Line. The Wind Power segment relates to the utility-scale wind energy projects in India. The Solar Power segment refers to the utility-scale and distributed solar energy projects in India. The Hydro Power segment focuses on hydro energy projects in India. The Transmission Line segment represents the construction and maintenance of transmission lines. The company was founded by Sumant Sinha and Vaishali Nigam Sinha in 2011 and is headquartered in Gurugram, India.

ReNew Energy Global Plc, a UK-based firm, focuses on wind and solar power in India, with ancillary services in engineering, procurement, and construction. Despite strong growth potential from India's renewable energy push, high debt, weather risks, and overvaluation pose significant concerns for ReNew Energy. ReNew's recent performance shows steady financial growth and strategic expansion, but execution risks and market-specific challenges warrant a “Hold” rating.

ReNew Energy's Q1 Snapshot: Strong Winds, Stronger Challenges

Interactive Brokers

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IdriveAI Launches Its Next Generation Pro7 Dual-Lens Dashcam

NEW DELHI--(BUSINESS WIRE)---- $RNW #Microsoft--ReNew, India's leading renewable energy company, has today announced the signing of a green attribute sale contract of 437.6 MW with Microsoft.

ReNew Signs 437.6 MW Green Attribute Contract with Microsoft

ReNew Energy Global Plc (NASDAQ:RNW ) Q1 2025 Earnings Conference Call August 16, 2024 8:30 AM ET Company Participants Nathan Judge - Head, IR Sumant Sinha - Founder, Chairman and CEO Kailash Vaswani - CFO Vaishali Nigam Sinha - Co-Founder and Chairperson of Sustainability Conference Call Participants Justin Clare - ROTH Capital Partners Maheep Mandloi - Mizuho Angie Storozynski - Seaport Puneet Gulati - HSBC Uma Menon - Bernstein Amit Bhinde - Morgan Stanley Puneet Gulati - HSBC Operator Thank you for standing by, and welcome to the ReNew 1Q FY'25 Earnings Report. All participants are in listen-only mode.

ReNew Energy Global Plc (RNW) Q1 2025 Earnings Call Transcript

ReNew Energy Global PLC (RNW) reported break-even quarterly earnings per share versus the Zacks Consensus Estimate of $0.08. This compares to earnings of $0.09 per share a year ago.

ReNew Energy Global PLC (RNW) Reports Break-Even Earnings for Q1

GURUGRAM, India--(BUSINESS WIRE)---- $RNW #CashFlow--ReNew Energy Global Plc today announced its unaudited consolidated IFRS results for the three-month period ended June 30, 2024.

ReNew Announces Results for the First Quarter for Fiscal Year 2025 (Q1 FY25), ended June 30, 2024 24% surge in operating capacity YoY; reiterates FY25 MW and EBITDA guidance

GURUGRAM, India--(BUSINESS WIRE)---- $RNW #ConferenceCall--ReNew today announced it will issue its first quarter (April-June) fiscal year 2025 earnings report after the close of Nasdaq on August 15, 2024.

ReNew Announces Date and Conference Call Details for First Quarter FY25 Earnings

GURUGRAM, India--(BUSINESS WIRE)---- $RNW #CleanEnergySolutions--ReNew publishes first Annual Integrated Report aligned with International Integrated Reporting Standards.

ReNew Publishes First Annual Integrated Report Aligned With International Integrated Reporting Standards

GURUGRAM, India--(BUSINESS WIRE)---- $RNW #AnnualGeneralMeeting--ReNew Energy Global Plc to hold its third Annual General Meeting of shareholders in London, United Kingdom, on September 20, 2024.

ReNew Energy Global Plc to Hold Its Third Annual General Meeting on September 20, 2024

GURUGRAM, India--(BUSINESS WIRE)---- $RNW #AnnualReport--ReNew Energy Global Plc announced that it has filed its annual report on form 20-F for the financial year ended March 31, 2024.

ReNew Energy Global Plc files its Annual Report on Form 20-F for Financial Year ended March 31, 2024

GURUGRAM, India--(BUSINESS WIRE)---- $RNW #AllianceofCEOClimateLeaders--Mr. Sumant Sinha, Chairman and CEO of ReNew, has been named Co-Chair of the Alliance of CEO Climate Leaders.

ReNew Chairman and CEO Sumant Sinha to Lead Global Climate Action as Alliance Co-Chair

ReNew Energy Global is now India's premier large renewables project company. ReNew's focus is on big complex projects; solar/wind/battery projects produce the cheapest power, notwithstanding that they require special skills to execute. ReNew's digital platform is going to be increasingly important for costing, execution and profitability.

ReNew Energy Global Emerging As Leader In India's Renewable Transition

ReNew Energy Global (RNW) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Surging Earnings Estimates Signal Upside for ReNew Energy Global (RNW) Stock

ReNew Energy Global (RNW) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

ReNew Energy Global (RNW) Upgraded to Buy: Here's What You Should Know

The average of price targets set by Wall Street analysts indicates a potential upside of 33.7% in ReNew Energy Global (RNW). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.

Wall Street Analysts See a 33.69% Upside in ReNew Energy Global (RNW): Can the Stock Really Move This High?

ReNew Energy Global Plc (NASDAQ:RNW ) Q4 2024 Earnings Conference Call June 6, 2024 8:00 AM ET Company Participants Nathan Judge - Head, Investor Relations Sumant Sinha - Founder, Chairman, and Chief Executive Officer Kailash Vaswani - Chief Financial Officer Vaishali Nigam Sinha - Co-Founder and Chairperson of Sustainability Conference Call Participants Justin Clare - ROTH Capital Partners Puneet Gulati - HSBC Maheep Mandloi - Mizuho Angie Storozynski - Seaport Nikhil Nigania - Bernstein Operator Thank you for standing by and welcome to ReNew Energy Global Plc 4Q FY'24 Results and Long-Term Outlook. All participants are in listen-only mode.

ReNew Energy Global Plc (RNW) Q4 2024 Earnings Call Transcript

ReNew Energy Global PLC (RNW) came out with quarterly earnings of $0.02 per share, beating the Zacks Consensus Estimate of a loss of $0.06 per share. This compares to break-even earnings per share a year ago.

ReNew Energy Global PLC (RNW) Beats Q4 Earnings and Revenue Estimates

GURUGRAM, India--(BUSINESS WIRE)---- $RNW #FY24--ReNew Energy Global Plc today announced its unaudited consolidated IFRS results for Q4 FY24 and year ended March 31, 2024.

ReNew Announces Results for the Fourth Quarter and Full Fiscal Year 2024: Reports PAT for FY24 and Provides Long Term Outlook

GURUGRAM, India--(BUSINESS WIRE)---- $RNW #ConferenceCall--ReNew announces date and conference call details for fourth quarter earnings (Q4 FY24), fiscal year 2024 results and long-term outlook.

ReNew Announces Date and Conference Call Details for Fourth Quarter Earnings (Q4 FY24), Fiscal Year 2024 Results and Long-Term Outlook

NEW DELHI--(BUSINESS WIRE)---- $RNW #Europeanbank--ReNew and Societe Generale sign MoU for USD 1 Billion to broaden collaboration on energy transition projects.

ReNew and Societe Generale sign MoU for USD 1 Billion to broaden collaboration on energy transition projects

Brookfield Renewable Partners

iShares Global Clean Energy ETF

As the global push for sustainability gains momentum, investors are eyeing renewable energy stocks to buy. Currently, an increasing number of nations are committing to tripling installed renewable energy generation capacity by 2030 in pursuit of the 1.5°C climate goal.

Renewable Energy Risers: 3 Stocks Powering the Global Green Shift

GURGAON, India--(BUSINESS WIRE)---- $RNW #CleanEnergy--ReNew, India's leading renewable energy company, has announced the signing of five Power Purchase Agreements totaling ~2.2 GW of RE capacity.

ReNew Signs 2.2 GW of PPAs Boosting its Clean Energy Portfolio to 15.6 GW

GURGAON, India--(BUSINESS WIRE)---- $RNW #CUF--ReNew partners with JERA to evaluate joint development of Green Ammonia Project in India.

ReNew partners with JERA to evaluate Joint Development of Green Ammonia Project in India

NEW DELHI--(BUSINESS WIRE)---- $RNW #CO2emissions--ReNew announced it has completed construction of 1.94 GW of RE assets in FY24, taking the cumulative capacity set up by the company to over 10 GW.

ReNew Crosses 10 GW of Gross Renewable Energy Assets

Enphase Energy

Fluence Energy

The world is undeniably dependent on nonrenewable fossil fuels for energy. The fact that fossil fuels will eventually run out is a significant issue at hand.

News for ReNew Energy Global PLC Stock (RNW)