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ReNew Energy Global plc T.RNW


Primary Symbol: RNW

ReNew Energy Global Plc is a United Kingdom-based company. The Company is a utility-scale renewable energy solutions providers in India. It operates wind, solar, and hydro energy projects. It provides clean energy solutions and value-added energy offerings through digitalization, storage, and carbon market services. It carries out business activities relating to the generation of power through non-conventional and renewable energy sources through ReNew Power Private Limited and its subsidiaries. It has primarily two reportable segments, namely wind power and solar power. Its wind power segment operates utility-scale wind energy projects in India and solar power segment operates its utility-scale and distributed solar energy projects in India. Other operations of the Company primarily include the sale of electricity from Hydro power and construction and maintenance of transmission lines. It offers a total commissioned capacity of 7.98 GW and an additional 5.72 GW of committed capacity.


NDAQ:RNW - Post by User

Post by Vega1357on May 20, 2020 12:33pm
144 Views
Post# 31051891

Perplexed

PerplexedI am somewhat perplexed by RNW's recent weakness. Yes, RNW missed its first quarter earnings estimate but I'm not aware of any analyst changing their rating or lowering their price target on the stock. In fact, two brokerages (National Bank and Raymond James) boosted RNW's second quarter earnings estimate following the release of first quarter earnings. Both brokerages continue to have an outperform rating on the stock with the National Bank giving it a price target of $17.50 and Raymond James a price target of $16.50. I'm starting to think that people don't like money as today RNW is going begging with a dividend yield of 6.9%. Well, I'm not going to sell any of my stock anytime soon unless I can find a better deal elsewhere, and there don't appear to be any out there at the moment.
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