Stock Track | ReNew Energy Global Soars 6.04% Pre-market on Strong Q4 Earnings and Positive Outlook

Stock Track
16 Jun

ReNew Energy Global (NASDAQ: RNW) shares surged 6.04% in pre-market trading on Monday following the release of its impressive fourth-quarter results and fiscal year 2025 financial performance. The company, a leader in decarbonization solutions, significantly outperformed analyst expectations, demonstrating robust growth and an optimistic future outlook.

For the fourth quarter, ReNew Energy Global reported earnings of $0.10 per share, surpassing the analyst consensus estimate of $0.07 by 42.86%. This represents a substantial 400% increase from the $0.02 per share reported in the same period last year. The company's quarterly revenue reached $340.00 million, exceeding the analyst estimate of $291.80 million by 16.52% and marking a 56.68% year-over-year increase.

The strong performance extends beyond the quarter, with ReNew Energy Global reporting significant growth for the fiscal year 2025. The company's portfolio capacity expanded from approximately 13.5 GW to around 17.3 GW by the end of March 2025. Additionally, ReNew signed 1.2 GW of new Power Purchase Agreements, bringing its total portfolio to roughly 18.5 GW. Looking ahead, the company provided positive guidance for FY26, anticipating the completion of 1.6 to 2.4 GWs of construction and continued net gains in asset sales. Investors are likely encouraged by these results and the company's ongoing discussions with a consortium, hinting at potential strategic developments in the near future.

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