How to Buy Renew Energy Global Stock
Renew Energy Global PLC
ReNew Energy Global Plc generates power through non-conventional and renewable energy sources in India. The company operates through Wind Power and Solar Power segments.
Renew Energy Global stock last closed at $6.20, down 0.16% from the previous day, and has increased 9.54% in one year. It has underperformed other stocks in the Utilities - Renewable industry by 0.18 percentage points. Renew Energy Global stock is currently +20.39% from its 52-week low of $5.15, and -17.22% from its 52-week high of $7.49.
There are currently 362.68M shares of RNW outstanding. The market capitalization of RNW is $2.25B. In the last 24 hours, 668,774 RNW shares were traded.
How to Buy Renew Energy Global Stock
Not sure how to invest in Renew Energy Global stock? Here's how.
- Figure out where to buy Renew Energy Global stock: You need to choose an online brokerage, but don't worry - we've tested dozens of online brokerages and apps to help you choose where to buy Renew Energy Global stock.
- Open a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
- Deposit funds into your investment account: Select your method of payment and add your details.
- Analyze Renew Energy Global stock: The Renew Energy Global ticker symbol is RNW. Is Renew Energy Global stock a good investment? Should you buy shares of RNW? How do RNW's underlying business fundamentals look? Do top analysts think Renew Energy Global is a good buy? Why has RNW's stock price moved recently? (Hint: Our stock research website can help you evaluate if RNW is a good stock to buy).
- Place your RNW purchase: Decide if you will purchase RNW shares at the current market price or use a limit order to purchase RNW shares at a particular price.
- Monitor your investment in RNW: Create a watchlist to important updates regarding your position in Renew Energy Global stock.
Step 1: Figure out where to buy Renew Energy Global stock
You need an online brokerage account to access the NASDAQ market and buy RNW shares.
Our preferred brokerage: eToro
In our opinion, eToro is the best online stock brokerage. eToro gives you:
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- Security: eToro is a regulated and licensed brokerage platform.
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Get $10 towards your purchase of shares by opening an account with eToro now. This offer is only for US users.
Open eToro AccountStep 2: Open a brokerage account
Now that you've picked the right brokerage, you need to fill out some personal information so you are able to buy RNW stock today.
How to Set Up a New Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal data to start a new brokerage account.
- Send your details by pressing the "Create Account" button. Get started with eToro today
Step 3: Deposit funds into your investment account
Now that you've filled out your info on stock market apps, your next step is to transfer the money for your investment:
Check out the tutorial below to see the process of depositing money into your brokerage account.
Step 4: Analyze Renew Energy Global stock
After you have selected the best place to buy Renew Energy Global stock, it's important to evaluate their stock prior to investing, so you truly wrap your head around the risk as well as the opportunity.
Renew Energy Global stock at a glance
RNW Overview
WallStreetZen was designed to help everyday investors perform better fundamental analysis quickly.
You can see all of the due diligence checks on RNW's stock page.
Is RNW stock properly valued?
Analysts use many financial metrics, analyses, models, and charts to gauge RNW's fair value.
Using relative valuations methods:
- RNW may be overvalued based on its P/E ratio of 134.78x, relative to Utilities - Renewable industry P/E ratio of 35.66x
- RNW may be undervalued based on its P/B ratio of 1.81x, relative to Utilities - Renewable industry P/B ratio of 4.07x
- RNW could be undervalued based on its PEG ratio of 0.88x
You can do additional valuation analysis on RNW's stock here.
Is RNW a healthy company?
Passed Financial Due Diligence Checks:
- RNW has $1.07B in cash and short term investments. This is sufficient to cover its annual cash burn of $512.43M.
- RNW has cash burn of 512432307. It has enough cash and short-term investments to cover this for at least one year.
Failed Financial Due Diligence Checks:
- RNW profit margin has gone down from 3.9% to 1.3% in the past year.
- There are more long-term liabilities than short-term assets on the RNW balance sheet.
- There are more short-term liabilities than short-term assets on the RNW balance sheet.
- RNW has a relatively high debt to equity ratio of 7.73.
Is Renew Energy Global stock a Buy, Hold, or Sell, according to analysts?
Out of 1 sell side analysts who give forecasts on RNW, the consensus analyst rating on RNW is a Strong Buy
It's important to note that analyst forecasts are not stock recommendations, nor are they investment advice.
You can dig deeper into what analysts are forecasting on the Renew Energy Global stock forecast page.
RNW Technicals
RNW Revenue
Last year, RNW earnings were $15.21M. Over the past 1 years, RNW's earnings have increased by -54.37% per year. This was slower than the Utilities - Renewable industry average of 48.66%.
Last year, RNW revenue was $1.15B. Over the past three year, RNW's revenue has grown by 69.82% per year. This was faster than the Utilities - Renewable industry average of 23.38%.
You can analyze RNW's earnings and revenue performance here.
Latest Insiders Trades at RNW
In the past year, insiders at RNW have not bought or sold any shares.
Get more info about who owns RNW stock here.
Can I get consistent income from RNW stock?
No, Renew Energy Global doesn't provide an income stream by paying out dividends.
What others are saying about RNW
One of the biggest reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to see what other community members have to say.
Step 5: Place your RNW purchase
You have two primary options:
- Market order: A market order is an order to buy or sell a stock at the best available price.
Market orders are mostly fine. - Limit order: A limit order enables you to buy or sell a stock at a specific price (or better).
If you want to ensure you're buying or selling at a particular price limit, use a limit order.
Click the Open button and eToro will execute your order.
If you want more assistance investing in stocks on eToro, click the helpful video below:
Step 6: Monitor your investment in RNW
Now that you own some RNW stock, you'll want to keep up with your stock purchase.
Start a watchlist to get notified of important updates regarding your RNW stock.
RNW Feed
How to Buy Stock in Renew Energy Global
To summarize, here are the 6 steps to buy stock in Renew Energy Global:
- Figure out where to buy Renew Energy Global stock
- Open a brokerage account
- Deposit funds into your investment account
- Analyze Renew Energy Global stock
- Place your RNW purchase
- Monitor your investment in RNW
If you need a online brokerage, eToro is our recommended venue.
Get Started with eToro TodayIf you want to get the latest scoop on your investment in Renew Energy Global, create a watchlist today.
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