The latest announcement is out from ReNew Energy Global ( ($RNW) ).
On May 18, 2026, ReNew reported unaudited results for the fourth quarter and fiscal year ended March 31, 2026, highlighting a 16.6% year-on-year rise in commissioned capacity to about 12.6 GW despite selling 600 MW of assets as part of a capital recycling strategy. Total income for FY26 climbed to INR 150,635 million from INR 109,070 million, while net profit more than doubled to INR 10,385 million, driven by higher operational capacity, stronger wind performance, and growing manufacturing revenues, even as lower solar load factors and the absence of prior-year asset-sale gains weighed on quarterly profit.
The company’s power sales rose 11.3% in FY26 to 24,008 million kWh, with wind output up 17.9% and solar up 6.2%, underscoring ReNew’s expanding generation base and improved wind plant load factors. Manufacturing emerged as a key growth engine, with external solar module and cell revenues more than tripling year-on-year to INR 41,944 million and associated profits surging, while ReNew continued to invest in additional 4 GW of solar cell capacity scheduled to be operational by December 2026, signalling a deeper move into the clean energy equipment supply chain and potentially enhancing margins and strategic flexibility for stakeholders.
The most recent analyst rating on ($RNW) stock is a Buy with a $8.00 price target. To see the full list of analyst forecasts on ReNew Energy Global stock, see the RNW Stock Forecast page.
Spark’s Take on RNW Stock
According to Spark, TipRanks’ AI Analyst, RNW is a Neutral.
The score is driven by improving operations and a constructive earnings update (raised guidance, refinancing progress, and capital recycling), but tempered by high leverage and negative free cash flow that increase funding risk. Technicals add pressure due to a clear downtrend, while valuation is moderately supportive based on the P/E.
To see Spark’s full report on RNW stock, click here.
More about ReNew Energy Global
ReNew Energy Global Plc is a Nasdaq-listed decarbonization solutions company with a diversified portfolio of wind, solar, hydro and battery energy storage projects. As of March 31, 2026, it managed around 20 GW of capacity, including significant battery storage, and operates large-scale solar module and cell manufacturing facilities focused on supplying India’s rapidly expanding clean energy market.
Average Trading Volume: 786,127
Technical Sentiment Signal: Sell
Current Market Cap: $1.95B
For an in-depth examination of RNW stock, go to TipRanks’ Overview page.
