ReNew Energy Global ( (RNW) ) has issued an update.
On May 6, 2025, ReNew Energy Global Plc announced a significant investment of INR 8,700 million (US$100 million) from British International Investment PLC for its solar manufacturing business. This investment will be used to build a new 4 GW TOPCon cell facility in Dholera, Gujarat, and expand the business. The deal, pending customary approvals, will give BII an approximate 10% stake in ReNew Photovoltaics Private Limited, ReNew’s solar manufacturing arm. This strategic move is expected to enhance ReNew’s operational capacity and reinforce its position in the renewable energy sector.
Spark’s Take on RNW Stock
According to Spark, TipRanks’ AI Analyst, RNW is a Neutral.
ReNew Energy Global scores moderately due to strong operational efficiency and growth in portfolios, as highlighted in the earnings call. However, concerns about high leverage, cash flow challenges, and a high P/E ratio weigh down the overall score. The technical outlook is cautious, with mixed indicators suggesting potential volatility in the short term.
To see Spark’s full report on RNW stock, click here.
More about ReNew Energy Global
ReNew Energy Global is a leading decarbonisation solutions company listed on Nasdaq, with a significant clean energy portfolio of approximately 17.4 GWs as of February 2025. The company is a major independent power producer in India, offering comprehensive solutions in clean energy, digitalisation, storage, and carbon markets, aimed at addressing climate change.
YTD Price Performance: -6.76%
Average Trading Volume: 931,484
Technical Sentiment Signal: Sell
Current Market Cap: $2.29B
For an in-depth examination of RNW stock, go to TipRanks’ Stock Analysis page.