ReNew Energy Global's Valuation Under Scrutiny After Recent Price Decline

ReNew Energy Global (NasdaqGS:RNW) has experienced share price weakness, with negative returns over the past week, month, and year. The company focuses on power generation from wind, solar, hydro, transmission, and manufacturing activities in India, reporting annual revenue of ₹129,449 and net income of ₹12,113. Analysts estimate a fair value of $7.98, framing the company as undervalued due to long-term contract growth, manufacturing scale, compounded revenue growth, and firmer margins.