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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 29, 2020 2:02pm
147 Views
Post# 31088890

I'm out

I'm outI sold all my RNW in order to buy ALA as it got whacked today dropping 4% and is a super bargain. It has more growth potential than RNW and Yahoo Finance has an average target price for ALA of $18.53 which gives it an appreciation potential of 25% from the current price vs. only 11% for RNW. It also has an excellent dividend yield at 6.5% only slightly less than RNW. RNW is still a good stock to hold but I think ALA is a better bet at today's price.

Now I'm sure Red Deer will waste no time in beating me up for "doing a 180" which is what he calls selling a stock, as he marries every stock he buys and never sells it as I have stated before. Well, I think that is a strategy for idiots, which is what he is. 


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