ReNew Energy Global (RNW)
Develops and operates Indian renewable-energy assets and related energy infrastructure.
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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
Target rangeAs of Sep 22, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Aug 26, 2026 | Roth Capital | Downgrade | Rating: — | |
| Jul 28, 2026 | Mizuho Securities | Target | Target: $6.75 | Target: $7.02 |
| Jun 1, 2026 | Mizuho Securities | Target | Target: $7 | Target: $6.75 |
| Feb 2, 2026 | Morgan Stanley | Target | Target: — | Target: $6.03 |
| Dec 16, 2025 | Mizuho Securities | Target | Target: $8.15 | Target: $7 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $916.2M · Total debt $8.43B · Total assets $11.41B · Shareholders' equity $1.37B
- Revenue
- $468.5M
- Operating income
- $216.3M
- Net income
- $62.6M
Reported in INR, converted at the latest exchange rate
No dividends on record.
| Institutions | ≈ 40.67% | 147.91M shares | |
|---|---|---|---|
| 150 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 17.98% | 65.39M shares | |
| 9 holders · as of Sep 15, 2026 | |||
| Other | ≈ 41.35% | 150.37M shares | |
| remainder | |||
363.67M company shares as of Sep 17, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
The share count has not been confirmed by a second filing; stakes use it as it stands.
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Canada Pension Plan Investment BoardInstitution | 21.04% | 76.50M | as of Jun 30, 2026 |
Sumant Sinha1Insiderdirector, 10 percent owner, officer: Chief Executive Officer | 16.65% | 60.54M | filed Aug 11, 2026 |
Franklin Resources IncInstitution | 4.11% | 14.96M | as of Jun 30, 2026 |
Rubric Capital Management LPInstitution | 3.02% | 11.00M | as of Jun 30, 2026 |
BlackRock, Inc.Institution | 2.67% | 9.70M | as of Jun 30, 2026 |
- Sumant Sinha's transaction reports restate only vehicles that traded; the 2026 ownership statement (60.54M) is used instead.
Insider tradesForm 4
No open-market trades in the last 12 months.
Not reported.