ReNew Energy Global Raises Offer Price to $8.00 Per Share, Boosts Earnings by 4x

Roth Capital has lifted its price objective on ReNew Energy Global (RNW) stock to $8 from $7.50, maintaining a "Buy" rating. The move comes after a consortium of investors raised the offer price to $8.00 per share from $7.07. The firm expects the proposal to be more acceptable to investors, given the higher premium. RNW reported a 4x jump in Q4 2025 net profit, driven by robust growth in its manufacturing business.