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ReNew Energy Global Raises Offer Price to $8.00 Per Share, Boosts Earnings by 4x
ByAinvest
Wednesday, Jul 23, 2025 11:23 am ET1min read
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.
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