12 Most Promising Clean Energy Stocks According to Wall Street Analysts

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10. ReNew Energy Global Plc (NASDAQ:RNW)

Number of Hedge Fund Holders: 24

Street-High Upside Potential: 23%

ReNew Energy Global Plc (NASDAQ:RNW) engages in the generation of power through non-conventional and renewable energy sources in India. The firm has stakes in wind, solar, hydro, transmission line, and manufacturing segments of the clean energy business. It operates a clean energy portfolio of over 18.46 GWs. On September 29, the company announced that it has received the $100 million in investment proceeds from British International Investment (BII). The company had secured this investment from BII earlier this year to accelerate the growth of its solar manufacturing business in India. In July, a consortium comprising Abu Dhabi Future Energy Company PJSC-Masdar, the Canada Pension Plan Investment Board, Platinum Hawk and ReNew CEO Sumant Sinha proposed buying out the firm for $3.2 billion.

While presenting second quarter results, ReNew Energy Global Plc (NASDAQ:RNW) reiterated the guidance for FY 26, expecting to be at the higher end of the adjusted EBITDA range of INR 87 billion to INR 93 billion if weather and asset sales aligned with expectations. The company also said it expects to construct 1.6 to 2.4 gigawatts during the year and generate cash flow to equity of INR 14 billion to INR 17 billion.

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