RNW Renew Energy Global PLC

ReNew Energy Global Plc has partnered with Google to develop a 150-megawatt solar project in Rajasthan. Google will procure the project's energy attributes, such as carbon credits, which will help Google address its value chain emissions and support the project's bankability. The project, expected to be commissioned in 2026, will generate significant clean electricity, contributing to India's clean energy goals.

ReNew Energy Global Plc has partnered with Google to develop a 150-megawatt (MW) solar project in Rajasthan. Google will procure the project's energy attributes, including carbon credits, which will aid in their value chain emissions targets and ensure the project's bankability. The project, set to be commissioned in 2026, will significantly expand ReNew's commercial and industrial portfolio and contribute to India's clean energy goals.

Norges Bank has established a new position in ReNew Energy Global PLC (NASDAQ:RNW), acquiring 452,798 shares valued at approximately $3.13 million. This stake represents about 0.12% of the company at the end of the last reporting period. The stock recently reported earnings, missing EPS estimates but exceeding revenue forecasts, and currently holds a "Hold" consensus analyst rating.

Andhra Pradesh is set to host India's first integrated 6 GW solar ingot and wafer production facility in Anakapalli district, with ReNew Photovoltaics investing Rs 3,990 crore. This project aims to significantly reduce India's reliance on imported solar components, support the nation's 2030 renewable energy goals, and create approximately 1,200 jobs. The facility is expected to begin commercial production by January 2028.

Northwest & Ethical Investments L.P. decreased its holdings in ReNew Energy Global PLC (NASDAQ:RNW) by 5.5% in the second quarter, selling 74,548 shares. Despite this, other institutions like UBS AM, Franklin Resources Inc., Millennium Management LLC, and Invesco Ltd. either acquired new stakes or significantly increased their positions, resulting in institutional investors owning 43.56% of the company. ReNew Energy Global missed its consensus earnings estimate for the recent quarter but analysts still maintain a "Hold" rating with a target price of $7.83 for the stock.

Tejara Capital Ltd reduced its stake in ReNew Energy Global PLC by 26.9% in Q2 2025, selling 151,697 shares and now holding 412,512 shares valued at approximately $2.85 million. Despite missing EPS consensus, ReNew Energy Global reported revenue of $433.94 million, exceeding expectations, and maintains an average "Hold" rating from analysts with a consensus price target of $7.83. Institutional investors currently own 43.56% of the company's stock, which has a market capitalization of $2.75 billion.