RNW Stock Summary and Trading Ideas (Renew Energy Global PLC - Class A Shares | NASDAQ:RNW)

ReNew Energy Global PLC is a developer and operator of clean energy projects. Additionally, it provides clean energy solutions and value-added energy offerings through digitalization, storage, and carbon market services that are increasingly integral to addressing climate change. The company has two reportable segments: Generation and sale of renewable power and Manufacturing of power equipment. The majority of its revenue is generated from the Generation and sale of renewable power segment, which reflects the revenue earned from its utility-scale wind energy projects, solar energy projects, and hydro energy projects. The Manufacturing of power equipment segment relates to the manufacturing of solar panels and modules. Geographically, all of its material revenues are generated from India.

Renew Energy Global PLC - Class A Shares trades on the NASDAQ stock market under the symbol RNW.

As of August 3, 2026, RNW stock price climbed to $6.29 with 812,539 million shares trading.

RNW has a beta of 0.81, meaning it tends to be less sensitive to market movements. RNW has a correlation of 0.05 to the broad based SPY ETF.

RNW has a market cap of $2.29 billion. This is considered a Mid Cap stock.

Last quarter Renew Energy Global PLC - Class A Shares reported $421 million in Revenue and $.02 earnings per share. This beat revenue expectation by $83 million and exceeded earnings estimates by $.23.

In the last 3 years, RNW traded as high as $8.24 and as low as $4.39.

The top ETF exchange traded funds that RNW belongs to (by Net Assets): TAN, ICLN, QCLN, CNRG, FAN.

RNW has underperformed the market in the last year with a price return of -17.2% while the SPY ETF gained +21.1%. However, in the short term, RNW had mixed performance relative to the market. It has outperformed in the last 3 months, returning +16.9% vs +5.7% return in SPY. But in the last 2 weeks, RNW shares have been beat by the market, returning 0.0% compared to an SPY return of +1.9%.

RNW support price is $6.09 and resistance is $6.35 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that RNW shares will trade within this expected range on the day.