Loading…
One of India's largest independent renewable-energy producers, developing and operating solar and wind power plants.
One of India's largest independent renewable-energy producers, developing and operating solar and wind power plants.
Sells wind and solar power under long-term contracts, mostly fixed-tariff agreements lasting decades, with state utilities and the central government's Solar Energy Corporation as main buyers. Because the tariff is fixed, earnings depend on plants producing as expected and on debt costs. It listed in the US in 2021 via a blank-cheque company merger.
Moat: narrow (scale, regulatory licence, installed base). Large operating renewable capacity and long-term power purchase agreements with Indian utilities.
Headquarters: London, UK / Gurugram, India · Founded: 2011 · Employees: 4,720
Size ReNew Energy Global (RNW) is a United States Utilities company (Alternative Power Generation) with a market value of $2.53B, the 1650th largest of 3,117 United States companies the cockpit tracks. Shares closed at $6.93 on 6 Nov 2026.
Performance Over six months the shares gained 23.3%, against -16.7% for the median peer and -1.1% for the United States market (cap-weighted) — highest of 19 in its peer set.
Growth Revenue grew 11.3% over the last twelve months (peer median +5.4%); the operating margin is 42.4% (peer median 24.3%).
Valuation It trades at 26.4× forward earnings against a peer median of 17.5× (7th most expensive of 19).
Capital Return on invested capital runs 1.1 points below its cost of capital (6.7% WACC).
Short interest Short interest is 0.9% of the free float (15 Oct 2026).
Next results Next results expected around 23 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $1.59B | $1.50B | $1.15B | $982M | $974M |
| Revenue growth | — | +30% | +17% | +1% | — |
| Gross profit | $912M | $879M | $738M | $658M | $622M |
| EBITDA | $988M | $978M | $843M | $730M | $698M |
| Net income | $136M | $111M | $45.1M | $41.1M | -$60.0M |
| Free cash flow | -$707M | -$778M | -$944M | -$1.61B | -$765M |
| Capital expenditure | $1.05B | $1.06B | $1.11B | $1.86B | $1.07B |
| Total debt | $8.57B | $8.23B | $8.57B | $7.86B | $6.53B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| ReNew Energy Global RNW | $2.53B | +23% | +11% | 42% | 26.4× | n/a |
| Adani Green Energy ADANIGREEN.NS | $24.7B | +4% | +21% | 61% | 87.9× | n/a |
| Tata Power TATAPOWER.NS | $11.9B | -20% | -4% | 13% | 25.0× | n/a |
| NTPC Green Energy NTPCGREEN.NS | $7.37B | -24% | +49% | 50% | 59.8× | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | RNW | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +0.4% | -4.4% | 8th highest of 21 |
| 6-month return | +23.3% | -16.7% | highest of 19 |
| Distance from 52-week high | -9.9% | -32.2% | highest of 21 |
| Revenue growth (TTM) | +11.3% | +5.4% | 9th highest of 21 |
| Operating margin | 42.4% | 24.3% | 7th highest of 21 |
| Forward P/E | 26.4× | 17.5× | 7th most expensive of 19 |
| ROIC minus cost of capital | -1.1 pp | -1.4 pp | 11th highest of 21 |
| EV / EBITDA | 10.4× | 17.3× | 3rd cheapest of 13 |
| Net debt / EBITDA | 7.7× | 8.0× | 6th least indebted of 13 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| ReNew Energy Global RNW | United States | $2.53B | +23% | +11% | 42% | 26.4× | n/a | n/a |
| CECEP Solar Energy 000591.SZ | China | $2.65B | -9% | -13% | 28% | 17.4× | 0.4% | -1.5% |
| Solaria Energia y Medio Ambiente SLR.MC | Spain | $2.40B | -33% | +26% | 92% | 11.2× | n/a | n/a |
| Fervo Energy FRVO | United States | $2.66B | n/a | -31% | -35,367% | n/a | n/a | n/a |
| Aker Solutions AKSO.OL | Norway | $1.89B | -17% | -9% | 5% | 5.8× | -14.7% | +16.9% |
| Grandtop Yongxing 601033.SS | China | $1.83B | -2% | +6% | 26% | 14.0× | -5.1% | +18.4% |
| Luenmei Quantum 600167.SS | China | $1.76B | -21% | -11% | 15% | 19.4× | -8.9% | -2.1% |
| ERG ERG.MI | Italy | $3.77B | -3% | +5% | 28% | 19.4× | 10.0% | -2.8% |
| Jiaze Renewables 601619.SS | China | $1.65B | -34% | -5% | 43% | 15.0× | 0.2% | +19.7% |
| Nyocor 600821.SS | China | $1.63B | -29% | -12% | 12% | 40.5× | 6.8% | +20.6% |
| Clean Max Enviro Energy Solutions CLEANMAX.NS | India | $1.57B | +8% | +28% | 44% | 107.0× | n/a | n/a |
| Juniper Green Energy JNPR.NS | India | $1.54B | n/a | +1,313% | 52% | 100.5× | n/a | n/a |
| Scatec SCATC.OL | Norway | $1.50B | -16% | +16% | 29% | n/a | n/a | n/a |
| Fujian Funeng 600483.SS | China | $4.53B | +9% | -1% | 22% | 10.7× | -4.9% | +7.5% |
| Hubei Energy 000883.SZ | China | $4.58B | -11% | -5% | 15% | 17.6× | -0.4% | +0.6% |
| XPLR Infrastructure, LP XIFR | United States | $1.38B | -38% | -1% | 3% | 3.0× | n/a | n/a |
| Alerion Clean Power ARN.MI | Italy | $1.11B | -35% | +13% | 51% | 16.4× | n/a | n/a |
| Cox Infrastructure COXG.MC | Spain | $1.05B | -12% | +72% | 9% | 10.1× | n/a | n/a |
| SK Eternix 475150.KS | South Korea | $949M | -35% | +39% | 9% | 40.0× | n/a | n/a |
| Clearway Energy CWEN | United States | $7.00B | -11% | +8% | 13% | 56.4× | 33.1% | +2.4% |
| NTPC Green Energy NTPCGREEN.NS | India | $7.37B | -24% | +49% | 50% | 59.8× | n/a | n/a |