Analysts' Mixed Opinions on Utilities Stocks: ReNew Energy Global (RNW) and Spire (SR)

Analysts have mixed opinions on ReNew Energy Global (RNW) and Spire (SR) in the Utilities sector. ReNew Energy Global has a Moderate Buy consensus with a price target of $8.38, while Spire has a Hold consensus with a price target of $82.20, implying a 6.1% upside from current levels. Analysts at Bloomberg and Stifel Nicolaus have weighed in on the stocks.

Analysts have varying opinions on the future prospects of ReNew Energy Global (RNW) and Spire (SR) in the Utilities sector. ReNew Energy Global has a Moderate Buy consensus with a price target of $8.38, while Spire has a Hold consensus with a price target of $82.20, implying a 6.1% upside from current levels. Analysts at Bloomberg and Stifel Nicolaus have weighed in on the stocks.

ReNew Energy Global, which operates in the Alternative Energy - Other industry, reported quarterly earnings of $0.16 per share, surpassing the Zacks Consensus Estimate of $0.11 per share [1]. This represents an earnings surprise of +45.45% and compares to break-even earnings per share a year ago. The company also posted revenues of $480 million for the quarter ended June 2025, surpassing the Zacks Consensus Estimate by 16.90%. Over the last four quarters, ReNew Energy Global has surpassed consensus EPS estimates two times and revenue estimates three times. The sustainability of the stock's immediate price movement will depend on management's commentary on the earnings call.

Spire, a natural gas processing and storage company, is expected to post quarterly earnings of $0.29 per share in its upcoming report, representing a year-over-year change of -31% [3]. The company's revenues are expected to be $66.27 million, up 5.2% from the year-ago quarter. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.

The Zacks Rank for ReNew Energy Global is #4 (Sell), indicating that the shares are expected to underperform the market in the near future. However, the company's earnings outlook and the industry's performance can impact the stock's performance. The Alternative Energy - Other industry is currently in the bottom 33% of the 250 plus Zacks industries.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock. In terms of the Zacks Industry Rank, Alternative Energy - Other is currently in the bottom 33% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

References:
[1] https://www.nasdaq.com/articles/renew-energy-global-plc-rnw-q1-earnings-and-revenues-top-estimates
[2] https://finance.yahoo.com/news/consensus-cloud-solutions-second-quarter-130702983.html
[3] https://www.marketbeat.com/instant-alerts/renew-energy-global-rnw-to-release-earnings-on-wednesday-2025-08-09/