ReNew Energy: The Buy Paid Off, But Now It's Time To Hold (Rating Downgrade)

Grassroots Trading 3.17K Followers Follow Summary ReNew Energy Global Plc is one of India's largest renewable power producers, expanding vertically into solar manufacturing and horizontally into batteries and decarbonization services. I rated RNW stock a Buy in February, citing strong revenue and EBITDA growth, a booming project pipeline, and sector-relative undervaluation. RNW's heavy debt and execution risks were outweighed by long-term upside potential and a significant EV/EBITDA discount to peers. Since the Buy call, RNW shares have outperformed clean energy and India ETF benchmarks, rising 23.77%, but I'm now neutral. picture Umar/iStock via Getty Images Thesis ReNew Energy Global Plc ( RNW ) is essentially one of India's largest renewable-power producers . It builds and owns wind, solar, and other renewable projects and sells the electricity, generally through contracted arrangements. It's now expanding that This article was written by Grassroots Trading 3.17K Followers Follow As of August 2026, I'm globally ranked in the top 1.5% of investment experts and financial bloggers on TipRanks. My goal is to clarify the complexities of investment opportunities and risks for both individual and professional investors, while also helping newer investors build confidence as they learn to evaluate opportunities with a disciplined, long-term mindset, so please follow me if this is the type of research you’re looking to read. Analyst’s Disclosure: I/we have a beneficial long position in the shares of RNW either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.