RNW Should I Buy
-
$
0.000
0.000(0.000%)
At close0.000(0.000%)Aft-market
ET
Loading...
Renew Energy Global PLC (RNW) is not a strong buy at the moment for a beginner investor with a long-term strategy. While the company has shown revenue growth, its declining net income and EPS, coupled with hedge fund selling and lack of positive trading signals, suggest caution. The stock is better suited for monitoring rather than immediate investment.
The MACD is positive but contracting, indicating a weakening upward momentum. RSI is neutral at 68.075, and moving averages are converging, showing no clear trend. The stock is trading near its resistance level (R1: 5.567), which might limit further upside in the short term.
Revenue increased by 36.10% YoY in Q3 2026, and gross margin improved by 7.03% YoY to 61.79%.
Net income dropped significantly by -94.90% YoY, and EPS fell by -94.95% YoY. Hedge funds are selling heavily, with a 494.17% increase in selling activity last quarter. Analysts have lowered price targets due to the failed take-private transaction, and there are no recent positive news or congress trading data.
In Q3 2026, revenue increased to $25.14 billion (up 36.10% YoY), but net income dropped to -$198 million (down -94.90% YoY). EPS also fell to -0.54 (down -94.95% YoY), indicating significant profitability challenges despite revenue growth.
Analysts have mixed ratings: Morgan Stanley reinstated coverage with an Equal Weight rating and a $6.03 price target. Roth Capital and Mizuho lowered their price targets to $8 and $7, respectively, citing the failed take-private transaction and limited growth expectations.
