Roth Capital Lifts Price Objective on ReNew Energy Global (RNW) Stock

ReNew Energy Global Plc (NASDAQ:RNW) is one of the Best Indian Stocks to Buy for Next 5 Years. Roth Capital lifted the price objective on the company’s stock to $8 from $7.50, while keeping a “Buy” rating, as reported by The Fly. This comes after a consortium of investors announced a plan to raise the offer price for ReNew Energy Global Plc (NASDAQ:RNW) to $8.00 per share from $7.07 per share offer. The firm opines that the proposal is more likely to be acceptable to investors, considering the higher premium.

Roth Capital Lifts Price Objective on ReNew Energy Global (RNW) Stock

A wind turbine on a hilltop, surrounded by grass and blue sky.

ReNew Energy Global Plc (NASDAQ:RNW) announced its unaudited consolidated IFRS results for Q4 2025 and FY 2025. It registered its second consecutive year of profit since listing, with commissioned capacity increasing 12.4% YoY to ~10.7 GWs (net of 300 MWs of assets sold during FY 2025) as at March 31, 2025. Subsequent to the fiscal year-end, ReNew Energy Global Plc (NASDAQ:RNW) commissioned 466 MWs, of which 436 MWs is solar and 30 MWs is wind. This took the total commissioned capacity to ~11.2 GWs.

ReNew Energy Global Plc (NASDAQ:RNW) saw a 4x jump in Q4 2025 net profit, thanks to the robust growth in the manufacturing business. Notably, its net profit for Q4 2025 came in at INR 3,137 million (US$ 37 million) as compared to INR 609 million (US$ 7 million) for Q4 2024.

ReNew Energy Global Plc (NASDAQ:RNW) is engaged in generating power via non-conventional and renewable energy sources in India.

While we acknowledge the potential of RNW to grow, 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 this cheapest AI stock.

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