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ReNew (RNW): Quarterly Earnings Beat Analyst Expectations

ReNew Energy Global plc (NYSE:RNW) is one of the best alternative energy stocks to invest in according to analysts. On February 16, ReNew Energy Global plc (NYSE:RNW) shared its Q3 FY2026 earnings and reported ₹31,372 million (about $349 million) in total quarterly revenue, up 48% year over year.

Power sales contributed much of this growth, which climbed to ₹18,290 million (about $204 million), up 22% from the previous quarter. This was supported by a 23.1% rise in electricity sold, which was 5,077 million kWh vs. 4,125 million kWh a year ago. Wind generation also jumped 52.2% year over year, and solar grew 7.9% year over year. Management said the growth reflects the benefit of newly commissioned capacity.

That said, revenue fell significantly on a sequential basis, down from ₹38,560 million in Q2 FY26. This was due to lower solar plant load factors caused by reduced solar irradiation during the quarter, and revenue lost on assets sold as part of the capital recycling program.

Quarterly EPS came in at ₹0.16 per share, massively beating the analyst consensus estimate of ₹-9.32 per share. Also, the quarter’s net loss narrowed to just ₹198 million (~$2.2 million), compared to ₹3,879 million (~$43 million) net loss in Q3 FY25. The near-breakeven result was possible despite the sequential revenue decline because adjusted EBITDA surged 54% year over year to ₹21,380 million (~$238 million).

ReNew updated its full-year guidance and now expects FY26 adjusted EBITDA to be in the ₹90-93 billion range and the cash flow to equity range of between ₹14 billion and ₹17 billion.

ReNew Energy Global plc (NYSE:RNW) is a renewable energy company headquartered in Gurgaon, Haryana, India. The company develops, owns, and operates utility-scale wind, solar, rooftop solar, and hydroelectric projects across India.

While we acknowledge the potential of ReNew Energy Global plc (NYSE:RNW) as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than RNW and that has 100x upside potential, check out our report about the cheapest AI stock.

READ NEXT: 13 Best Infrastructure Stocks to Buy Right Now and 10 Best S&P 500 Stocks With Highest Upside Potential.

Disclosure: None. This article is originally published at Insider Monkey.

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When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

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Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

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  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

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