RNW
UtilitiesReNew Energy Global Plc · Renewable Utilities · $2B
What is ReNew Energy Global Plc?
ReNew Energy Global Plc is one of India's largest renewable energy independent power producers, developing and operating utility-scale wind and solar projects. Founded in 2011 and headquartered in London, UK, the company is listed on a US exchange.
ReNew develops, builds, owns, and operates large-scale wind and solar power plants across India, selling electricity primarily under long-term power purchase agreements. The company also serves commercial and industrial customers through distributed solar projects. Additional revenue streams include engineering, procurement, and construction services, operation and maintenance contracts, consultancy, and the sale of renewable energy certificates.
ReNew Energy Global was founded in 2011 and is headquartered in London, United Kingdom.
- Utility-scale wind power generation
- Utility-scale and distributed solar power generation
- Engineering, procurement, and construction services
- Renewable energy certificates
Is RNW a Good Stock to Buy?
UQS Score rates RNW as Below Average overall, reflecting meaningful challenges across several key pillars.
Among the five pillars, Valuation stands out as Attractive, suggesting the market may already be pricing in many of the company's headwinds. The Quality pillar registers as Neutral, indicating neither a clear advantage nor a significant drag at the business fundamentals level.
Moat, Growth, and Risk all score Weak — pointing to limited competitive differentiation, constrained near-term expansion prospects, and elevated financial or operational risks common to capital-heavy renewable developers in emerging markets.
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Past performance does not guarantee future results. UQS Score is based on fundamental data and is not a buy/sell recommendation.
Does RNW pay dividends?
No — ReNew Energy Global Plc does not currently pay a dividend.
RNW does not currently pay a dividend. As a capital-intensive renewable energy developer, the company directs available cash toward building and commissioning new wind and solar capacity in India rather than returning capital to shareholders. Investors focused on income may want to weigh this against the company's growth reinvestment profile.
When does RNW report earnings?
ReNew Energy Global reports earnings on a quarterly cadence, typical for US-listed equities.
Results have reflected the dual pressures of expanding a large project pipeline while managing the financing costs associated with utility-scale infrastructure development. Revenue trends are tied closely to commissioned capacity and the terms of power purchase agreements in India.
For the most recent quarter's results and guidance, visit ReNew Energy Global's investor relations page directly.
RNW Price History
-47.7% over 5Y
Monthly close, adjusted for stock splits and dividend reinvestment.
What if I invested in ReNew Energy Global Plc?
Based on ReNew Energy Global Plc's historical closing prices, adjusted for stock splits and dividend reinvestment. Past performance does not guarantee future results. This is for informational purposes only and is not financial advice.
RNW Long-term Outlook
The Growth and Risk pillars both register as Weak, suggesting the near-term fundamental outlook carries meaningful uncertainty. Capital requirements for new project development, currency exposure in India, and the competitive landscape for renewable power purchase agreements all weigh on the trajectory. The Attractive Valuation label indicates downside may be partially reflected in the current price, but a re-rating would likely require demonstrated improvement in execution and financial stability.
Growth drivers
- India's expanding renewable energy capacity targets and policy support
- Growing pipeline of committed wind and solar projects
- Rising commercial and industrial demand for distributed solar
Key risks
- High capital intensity and debt load typical of infrastructure developers
- Currency and regulatory risk in the Indian energy market
- Weak Moat score signals limited pricing power versus competitors
RNW vs Peers
RNW operates in a global renewable energy landscape alongside companies with distinct business models and geographies.
Fluence focuses on energy storage technology and solutions rather than owning generation assets, giving it a different revenue and risk profile compared to RNW's project-ownership model.
Boralex is a Canadian renewable power producer with diversified assets across wind, solar, and hydroelectric in North America and Europe, offering geographic contrast to RNW's India-centric portfolio.
NuScale pursues small modular nuclear reactor technology, representing a fundamentally different approach to clean power generation than RNW's wind and solar focus.
Frequently Asked Questions
What does ReNew Energy Global do?
ReNew Energy Global develops, builds, owns, and operates utility-scale wind and solar power projects in India. The company also serves commercial and industrial customers through distributed solar installations and generates additional revenue from engineering, construction, and maintenance services.
Does RNW pay dividends?
RNW does not currently pay a dividend. The company reinvests available capital into expanding its renewable energy portfolio in India, prioritizing project development over shareholder distributions. Income-focused investors should factor this into their assessment.
When does RNW report earnings?
ReNew Energy Global reports on a quarterly cadence, consistent with US-listed companies. For confirmed dates and the latest results, check the investor relations section of the company's official website.
Is RNW a good stock to buy?
UQS Score rates RNW as Below Average, driven by Weak scores in Moat, Growth, and Risk. The Valuation pillar is Attractive, which may interest contrarian investors, but the overall profile reflects significant fundamental challenges. The full pillar breakdown is available to Pro members.
Is RNW overvalued?
The UQS Valuation pillar for RNW is rated Attractive, suggesting the stock is not considered overvalued relative to its fundamentals at current levels. However, an attractive price alone does not offset the Weak readings in other pillars. View the complete analysis with a Pro account.
How does RNW compare to its competitors?
RNW is an India-focused renewable power producer, while peers like Boralex operate across diversified geographies and Fluence Energy concentrates on storage technology. Each carries a distinct risk and growth profile. UQS Score provides side-by-side pillar comparisons for Pro members.
What is RNW's market cap bracket?
RNW is classified as a small-cap company. This places it in a segment of the market that can carry higher volatility and liquidity risk compared to large- or mega-cap peers in the utilities and renewable energy sector.
Who founded ReNew Energy Global?
ReNew Energy Global was founded in 2011. Founding and leadership history is publicly available through the company's official investor relations materials and filings.
Is RNW a long-term quality investment?
As a long-term quality indicator, UQS Score rates RNW as Below Average. Weak Moat and Growth scores suggest limited durable competitive advantage and constrained expansion prospects today. Long-term investors should monitor whether execution improves before drawing conclusions. Full metrics are available to Pro members.
What sector does RNW belong to?
RNW is classified in the Utilities sector, specifically within renewable energy generation. It operates wind and solar assets in India, a market with strong policy tailwinds but also meaningful regulatory and currency risks for foreign-listed operators.
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Pro Analysis
RNW — Score History
| Date | UQS | Quality | Moat | Growth | Risk | Value | Change |
|---|---|---|---|---|---|---|---|
| May 22, 2026 | 40.9 | 40.7 | 20.0 | 60.1 | 0.0 | 91.1 | 0.0 |
| May 20, 2026 | 40.9 | 40.7 | 20.0 | 60.1 | 0.0 | 91.4 | +4.7 |
| May 3, 2026 | 36.2 | 47.6 | 20.0 | 25.9 | 1.1 | 93.1 | +0.3 |
| Apr 26, 2026 | 35.9 | 47.6 | 20.0 | 24.6 | 1.1 | 93.1 | +0.2 |
| Apr 22, 2026 | 35.7 | 47.6 | 20.0 | 23.3 | 1.1 | 93.1 | -1.1 |
| Apr 19, 2026 | 36.8 | 47.6 | 20.0 | 29.1 | 1.1 | 93.1 | +0.1 |
| Apr 18, 2026 | 36.7 | 47.6 | 20.0 | 28.2 | 1.1 | 93.1 | -1.0 |
| Apr 12, 2026 | 37.7 | 47.6 | 20.0 | 28.2 | 1.1 | 100.0 | +0.1 |
| Apr 5, 2026 | 37.6 | 47.6 | 20.0 | 27.4 | 1.1 | 100.0 | -0.1 |
| Apr 4, 2026 | 37.7 | 47.6 | 20.0 | 28.3 | 1.1 | 100.0 | 0.0 |
RNW — Pillar Breakdown
Quality
— 40.7/100 (25%)ReNew Energy Global Plc has average quality metrics, with room for improvement in margins or capital efficiency.
How effectively capital is deployed to generate returns.
Profitability relative to shareholders' equity.
Ability to convert revenue into operating profit.
Bottom-line profit as a share of revenue.
Asset productivity — how much gross profit each dollar of assets generates.
Free cash flow relative to market value.
Growth
— 60.7/100 (20%)ReNew Energy Global Plc demonstrates healthy growth trends across revenue and earnings.
Revenue trajectory over the last twelve months.
Compound annual revenue growth rate over 3 years.
Year-over-year earnings per share growth.
Analyst consensus for future revenue growth.
Analyst consensus for future earnings growth.
Risk
— 0.0/100 (15%)ReNew Energy Global Plc presents elevated risk with concerns around leverage or financial stability.
Debt levels relative to earnings capacity.
Total debt relative to shareholder equity.
Short-term liquidity — ability to pay near-term obligations.
Earnings capacity relative to interest payments.
Valuation
— 91.2/100 (15%)ReNew Energy Global Plc appears attractively valued relative to its earnings, cash flows, and sector peers.
Inverse of forward P/E — higher yield means cheaper stock.
Enterprise value multiple relative to sector median.
Moat
— 20/100 (25%)ReNew Energy Global Plc operates in a highly competitive environment with limited sustainable advantages. The Moat pillar evaluates competitive advantages across five dimensions: Switching Costs, Network Effects, Cost Advantage, Intangible Assets, and Scale & Ecosystem. Sign in to customize moat ratings for RNW.
Score Composition
Financial Data
More Stock Analysis
How is the RNW UQS Score Calculated?
The UQS (Unified Quality Score) for ReNew Energy Global Plc is calculated using a proprietary 6-pillar framework with 29 financial metrics. Each pillar evaluates a different dimension on a 0–100 scale, then combines into a single weighted score. Scoring thresholds are calibrated per sector. Momentum is an optional Pro toggle — without it, you get the 5-pillar / 25-metric core shown below.
Quality (25%) measures profitability and capital efficiency — ROIC, ROE, margins, GP/Assets, and FCF Yield.
Moat (25%) assesses ReNew Energy Global Plc's competitive advantages across switching costs, network effects, cost advantages, intangible assets, and ecosystem scale.
Growth (20%) tracks revenue trajectory and earnings momentum, combining historical results with analyst forward estimates.
Risk (15%) is inversely scored — lower leverage and strong balance sheet health result in higher scores.
Valuation (15%) measures whether ReNew Energy Global Plc is fairly priced using earnings yield, price-to-FCF, PEG ratio, and EV/EBITDA relative to sector peers.
Six investor-inspired presets are available, each with different pillar weights: Balanced, Buffett, Munger, Lynch, Cathie Wood, and Graham. The public score shown here uses the Balanced preset. Learn more in our FAQ.