ReNew Energy Global PLC Q2 Earnings Miss Estimates, Shares Up 10.5% YTD

ReNew Energy Global PLC (RNW) reported Q2 earnings of $0.13 per share, missing the Zacks Consensus Estimate of $0.17 per share. Revenues were $408 million, surpassing the Zacks Consensus Estimate by 1.17%. The company's shares have added about 10.5% since the beginning of the year, underperforming the S&P 500's gain of 14.4%. The Zacks Rank for RNW is #3 (Hold), indicating the shares are expected to perform in line with the market in the near future.