| Valuation method | Value, $ | Upside, % |
|---|---|---|
| Artificial intelligence (AI) | 0.10 | -98 |
| Intrinsic value (DCF) | 2.76 | -49 |
| Graham-Dodd Method | 3.70 | -32 |
| Graham Formula | 3.20 | -41 |
ReNew Energy Global Plc (NASDAQ: RNW) is a leading renewable energy company focused on utility-scale wind and solar power generation in India. Founded in 2011 and headquartered in London, ReNew develops, builds, owns, and operates clean energy projects, including distributed solar solutions for commercial and industrial customers. As of March 2022, the company had a diversified portfolio of 10.69 GW, with 7.57 GW already commissioned and 3.12 GW under development. ReNew also provides engineering, procurement, and construction (EPC) services, operation and maintenance (O&M) support, and trades renewable energy certificates (RECs). Positioned in India's rapidly growing renewable energy sector, ReNew benefits from strong government support for decarbonization and energy transition. With a market cap of ~$2.5B, the company is a key player in Asia's renewable utilities space, leveraging India's abundant solar and wind resources to deliver sustainable power solutions.
ReNew Energy Global offers exposure to India's high-growth renewable energy sector, supported by favorable government policies and increasing demand for clean power. The company's diversified 10.69 GW portfolio (wind, solar, hydro) and strong EPC/O&M capabilities provide revenue stability. However, high leverage (total debt of ~$655.7B) and significant capital expenditures (~$153.8B) pose liquidity risks. ReNew's zero dividend policy may deter income-focused investors, but its growth trajectory aligns with India's 500 GW renewable target by 2030. The stock's beta of 0.875 suggests moderate volatility relative to the market. Investors should monitor execution risks in project development and India's regulatory environment.
ReNew Energy Global holds a competitive edge as one of India's largest integrated renewable IPPs (independent power producers), with a 10.69 GW portfolio. Its scale allows cost advantages in procurement and financing, while long-term PPAs (power purchase agreements) ensure stable cash flows. The company's dual focus on utility-scale and distributed solar projects diversifies revenue streams compared to pure-play solar/wind peers. However, ReNew faces intense competition from domestic players like Tata Power Renewable Energy and international entrants such as Engie. Its high debt burden (~$655.7B) could limit flexibility compared to better-capitalized rivals. ReNew's in-house EPC and O&M capabilities differentiate it from asset-light competitors, enabling end-to-end project control. The company benefits from India's low-cost renewable energy ecosystem but must navigate land acquisition challenges and grid integration risks. Its UK listing provides access to global capital but exposes it to forex volatility.