Roth Capital Notes Unexpected Cancellation of ReNew Energy (RNW) Take-Private Deal Following Masdar Withdrawal [Yahoo! Finance]
ReNew Energy Global plc - Class A Shares (RNW)
Company Research
Source: Yahoo! Finance
Energy Global to $8 from $8.15 and kept a Buy rating on the shares. This decision followed the company announcement on December 15 that Masdar pulled out of the investor consortium, leading to the cancellation of the proposed take-private deal. While Masdar did not explain its withdrawal, the firm noted the move was unexpected since both parties appeared to be on the verge of a final agreement. Furthermore, on December 15, Mizuho reduced its price target for ReNew Energy Global to $7 from $8.15 with a Neutral rating following the news that Masdar has withdrawn from the consortium intended to take the company private. Despite a decline in the stock price on the said date, the firm suggested the selloff is overdone and attributed the downward pressure to arbitrage investors exiting their positions rather than a shift in fundamental value. Consequently, Mizuho's revised valuation shifts away from buyout expectations, now basing the target on no-growth next-12-month EBITDA multiples f
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RNW
News
- A Look At ReNew Energy Global (NasdaqGS:RNW) Valuation After Recent Share Price Weakness [Yahoo! Finance]Yahoo! Finance
- ReNew Secures $95 Million Equity Investment From LeapFrog-Led Consortium to Expand its Commercial & Industrial Platform [Yahoo! Finance]Yahoo! Finance
- ReNew Secures $95 Million Equity Investment From LeapFrog-Led Consortium to Expand its Commercial & Industrial PlatformBusiness Wire
- ReNew Energy Global (RNW) was downgraded by <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a> from "hold (c-)" to "sell (d+)".MarketBeat
- ReNew Energy Global (RNW) was upgraded by <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a> from "sell (d+)" to "hold (c-)".MarketBeat
RNW
Earnings
- 2/16/26 - Beat
RNW
Sec Filings
- 3/24/26 - Form 3
- 3/24/26 - Form 3
- 3/24/26 - Form 6-K
- RNW's page on the SEC website