Is ReNew Energy Stock a Good Investment?
ReNew Energy Investment Advice | RNWWW |
- Examine ReNew Energy's financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
- Research ReNew Energy's leadership team and their track record. Good management can help ReNew Energy navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
- Consider the overall health of the Electric Utilities space and any emerging trends that could impact ReNew Energy's business and its evolving consumer preferences.
- Compare ReNew Energy's performance and market position to its competitors. Analyze how ReNew Energy is positioned in terms of product offerings, innovation, and market share.
- Check if ReNew Energy pays a dividend and its dividend yield and payout ratio.
- Review what financial analysts are saying about ReNew Energy's stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.
It's important to note that investing in ReNew Energy Global stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that it's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. Below is a detailed guide on how to decide if ReNew Energy Global is a good investment.
Sell | Buy |
Strong Sell
Market Performance | Very Weak | Details | |
Volatility | Out of control | Details | |
Hype Condition | Stale | Details | |
Current Valuation | Fairly Valued | Details | |
Odds Of Distress | Below Average | Details | |
Economic Sensitivity | Actively responds to the market | Details | |
Investor Sentiment | Alarmed | Details | |
Analyst Consensus | Strong Sell | Details | |
Financial Strenth (F Score) | Very Strong | Details | |
Financial Leverage | Inapplicable | Details | |
Reporting Quality (M-Score) | Possible Manipulator | Details |
Examine ReNew Energy Stock
Researching ReNew Energy's stock involves analyzing various aspects of the company and its industry to make an informed investment decision. The key areas to focus on are fundamentals, business model and competitive advantage. It is also important to analyze trends in revenue, net income, and cash flow, as well as key financial ratios, such as price-to-earnings (P/E), price-to-sales (P/S), and debt-to-equity (D/E). The company recorded a loss per share of 0.22. ReNew Energy Global had not issued any dividends in recent years.
To determine if ReNew Energy is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding ReNew Energy's research are outlined below:
| ReNew Energy Global generated a negative expected return over the last 90 days | |
| ReNew Energy Global has high historical volatility and very poor performance | |
| ReNew Energy Global has some characteristics of a very speculative penny stock | |
| ReNew Energy Global has a very strong financial position based on the latest SEC filings | |
| Latest headline from news.google.com: ReNew Energy Globals Growth in Operational Capacity - TipRanks |
ReNew Energy Quarterly Good Will |
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ReNew Energy's profitablity analysis
| Last Reported | Projected for Next Year | ||
| Return On Capital Employed | 0.06 | 0.10 | |
| Return On Equity | 0.03 | 0.03 |
Determining ReNew Energy's profitability involves analyzing its financial statements and using various financial metrics to determine if ReNew Energy is a good buy. For example, gross profit margin measures ReNew Energy's profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of ReNew Energy's profitability and make more informed investment decisions.
Please note, the imprecision that can be found in ReNew Energy's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of ReNew Energy Global. Check ReNew Energy's Beneish M Score to see the likelihood of ReNew Energy's management manipulating its earnings.
Evaluate ReNew Energy's management efficiency
The company has return on total asset (ROA) of 0.0326 % which means that it generated a profit of $0.0326 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of 0.013 %, meaning that it generated $0.013 on every $100 dollars invested by stockholders. ReNew Energy's management efficiency ratios could be used to measure how well ReNew Energy manages its routine affairs as well as how well it operates its assets and liabilities. Return On Tangible Assets is likely to climb to 0 in 2024. Return On Capital Employed is likely to climb to 0.1 in 2024. At this time, ReNew Energy's Other Current Assets are fairly stable compared to the past year. Total Current Assets is likely to climb to about 116.3 B in 2024, whereas Net Tangible Assets are likely to drop slightly above 52.4 B in 2024.| Last Reported | Projected for Next Year | ||
| Enterprise Value Over EBITDA | 9.14 | 6.62 | |
| Enterprise Value Multiple | 9.14 | 6.62 |
Effective management at ReNew Energy has been a driving force behind its market achievements. We assess the correlation between management practices and financial success to determine the stock's value.
Beta 0.95 |
Basic technical analysis of ReNew Stock
As of the 21st of November, ReNew Energy holds the Risk Adjusted Performance of (0.01), market risk adjusted performance of (0.15), and Coefficient Of Variation of (4,260). Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of ReNew Energy, as well as the relationship between them. Please check ReNew Energy Global standard deviation, as well as the relationship between the treynor ratio and potential upside to decide if ReNew Energy Global is priced some-what accurately, providing market reflects its current price of 0.19 per share. As ReNew Energy Global appears to be a penny stock we also advise to check out its jensen alpha numbers.Understand ReNew Energy's technical and predictive indicators
Using predictive indicators to make investment decisions involves analyzing ReNew Energy's various financial and market-based factors to help forecast future trends and identify investment opportunities. Select the indicators that are most relevant to your investment strategy. Each indicator has its own strengths and weaknesses, so it's essential to combine multiple indicators to get a more comprehensive view of the market and reduce the risk of making poor decisions based on limited data.
| Risk Adjusted Performance | (0.01) | |||
| Market Risk Adjusted Performance | (0.15) | |||
| Mean Deviation | 8.37 | |||
| Coefficient Of Variation | (4,260) | |||
| Standard Deviation | 11.6 | |||
| Variance | 134.51 | |||
| Information Ratio | (0.03) | |||
| Jensen Alpha | (0.43) | |||
| Total Risk Alpha | (1.60) | |||
| Treynor Ratio | (0.16) | |||
| Maximum Drawdown | 61.33 | |||
| Value At Risk | (20.00) | |||
| Potential Upside | 20.69 | |||
| Skewness | 0.212 | |||
| Kurtosis | 0.6403 |
| Risk Adjusted Performance | (0.01) | |||
| Market Risk Adjusted Performance | (0.15) | |||
| Mean Deviation | 8.37 | |||
| Coefficient Of Variation | (4,260) | |||
| Standard Deviation | 11.6 | |||
| Variance | 134.51 | |||
| Information Ratio | (0.03) | |||
| Jensen Alpha | (0.43) | |||
| Total Risk Alpha | (1.60) | |||
| Treynor Ratio | (0.16) | |||
| Maximum Drawdown | 61.33 | |||
| Value At Risk | (20.00) | |||
| Potential Upside | 20.69 | |||
| Skewness | 0.212 | |||
| Kurtosis | 0.6403 |
Consider ReNew Energy's intraday indicators
ReNew Energy intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of ReNew Energy stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
ReNew Energy time-series forecasting models is one of many ReNew Energy's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary ReNew Energy's historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.
ReNew Stock media impact
Far too much social signal, news, headlines, and media speculation about ReNew Energy that are available to investors today. That information is available publicly through ReNew media outlets and privately through word of mouth or via ReNew internal channels. However, regardless of the origin, that massive amount of ReNew data is challenging to quantify into actionable patterns, especially for investors that are not very sophisticated with ever-evolving tools and techniques used in the investment management field.
A primary focus of ReNew Energy news analysis is to determine if its current price reflects all relevant headlines and social signals impacting the current market conditions. A news analyst typically looks at the history of ReNew Energy relative headlines and hype rather than examining external drivers such as technical or fundamental data. It is believed that price action tends to repeat itself due to investors' collective, patterned thinking related to ReNew Energy's headlines and news coverage data. This data is often completely overlooked or insufficiently analyzed for actionable insights to drive ReNew Energy alpha.
ReNew Energy Sentiment by Major News Outlets
Investor sentiment, mood or attitude towards ReNew Energy can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
ReNew Energy Corporate Management
| Ajay Bhardwaj | Pres Bus | Profile | |
| Balram Mehta | Group Business | Profile | |
| Muthukumaran | Chief Officer | Profile | |
| Kailash Vaswani | Chief Officer | Profile | |
| Mayank Bansal | Group Business | Profile | |
| Nathan Judge | Investor Officer | Profile | |
| Sumant Sinha | Chairman Founder | Profile |
Additional Tools for ReNew Stock Analysis
When running ReNew Energy's price analysis, check to measure ReNew Energy's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy ReNew Energy is operating at the current time. Most of ReNew Energy's value examination focuses on studying past and present price action to predict the probability of ReNew Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ReNew Energy's price. Additionally, you may evaluate how the addition of ReNew Energy to your portfolios can decrease your overall portfolio volatility.