ReNew Energy Global (NASDAQ:RNW – Get Rating) and Hawaiian Electric Industries (NYSE:HE – Get Rating) are both mid-cap oils/energy companies, but which is the superior business? We will compare the two businesses based on the strength of their dividends, institutional ownership, profitability, valuation, analyst recommendations, risk and earnings.
Earnings & Valuation
This table compares ReNew Energy Global and Hawaiian Electric Industries' gross revenue, earnings per share and valuation.
Get ReNew Energy Global alerts:| Gross Revenue | Price/Sales Ratio | Net Income | Earnings Per Share | Price/Earnings Ratio | |
| ReNew Energy Global | $912.00 million | 3.07 | -$211.00 million | ($1.05) | -6.66 |
| Hawaiian Electric Industries | $2.85 billion | 1.47 | $248.06 million | $2.19 | 17.47 |
Hawaiian Electric Industries has higher revenue and earnings than ReNew Energy Global. ReNew Energy Global is trading at a lower price-to-earnings ratio than Hawaiian Electric Industries, indicating that it is currently the more affordable of the two stocks.
Volatility and Risk
ReNew Energy Global has a beta of 0.3, meaning that its stock price is 70% less volatile than the S&P 500. Comparatively, Hawaiian Electric Industries has a beta of 0.32, meaning that its stock price is 68% less volatile than the S&P 500.Institutional and Insider Ownership
38.5% of ReNew Energy Global shares are owned by institutional investors. Comparatively, 53.3% of Hawaiian Electric Industries shares are owned by institutional investors. 0.9% of Hawaiian Electric Industries shares are owned by insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a company will outperform the market over the long term.
Analyst Recommendations
This is a summary of recent recommendations and price targets for ReNew Energy Global and Hawaiian Electric Industries, as provided by MarketBeat.com.
| Sell Ratings | Hold Ratings | Buy Ratings | Strong Buy Ratings | Rating Score | |
| ReNew Energy Global | 0 | 0 | 4 | 0 | 3.00 |
| Hawaiian Electric Industries | 1 | 1 | 0 | 0 | 1.50 |
ReNew Energy Global presently has a consensus price target of $17.00, indicating a potential upside of 143.20%. Hawaiian Electric Industries has a consensus price target of $41.33, indicating a potential upside of 8.03%. Given ReNew Energy Global's stronger consensus rating and higher probable upside, equities analysts plainly believe ReNew Energy Global is more favorable than Hawaiian Electric Industries.
Profitability
This table compares ReNew Energy Global and Hawaiian Electric Industries' net margins, return on equity and return on assets.
| Net Margins | Return on Equity | Return on Assets | |
| ReNew Energy Global | -26.87% | -7.12% | -1.45% |
| Hawaiian Electric Industries | 7.53% | 10.38% | 1.52% |
Summary
Hawaiian Electric Industries beats ReNew Energy Global on 10 of the 14 factors compared between the two stocks.
About ReNew Energy Global
(Get Rating)
ReNew Energy Global Plc generates power through non-conventional and renewable energy sources in India. The company operates through Wind Power and Solar Power segments. It develops, builds, owns, and operates utility scale wind and solar energy projects, as well as distributed solar energy projects that generate energy for commercial and industrial customers. The company also provides engineering, procurement, and construction services; operation and maintenance services; consultancy services; and sells renewable energy certificates. As of March 31, 2022, its portfolio consisted of 10.69 GW of wind and solar energy projects, hydro, firm power projects, and distributed solar energy projects, of which 7.57 GW projects were commissioned and 3.12 GW were committed. ReNew Energy Global Plc was founded in 2011 and is based in London, the United Kingdom.
About Hawaiian Electric Industries
(Get Rating)
Hawaiian Electric Industries, Inc., together with its subsidiaries, engages in the electric utility, banking, and renewable/sustainable infrastructure investment businesses in the state of Hawaii. It operates in three segments: Electric Utility, Bank, and Other. The Electric Utility segment engages in the production, purchase, transmission, distribution, and sale of electricity in the islands of Oahu, Hawaii, Maui, Lanai, and Molokai. Its renewable energy sources and potential sources include wind, solar, photovoltaic, geothermal, wave, hydroelectric, municipal waste, and other biofuels. This segment serves suburban communities, resorts, the United States armed forces installations, and agricultural operations. The Bank segment operates a community bank that offers banking and other financial services to consumers and businesses, including savings and checking accounts; and loans comprising residential and commercial real estate, residential mortgage, construction and development, multifamily residential and commercial real estate, consumer, and commercial loans. This segment operates 42 branches, including 29 branches in Oahu, 6 branches in Maui, 4 branches in Hawaii, 2 branches in Kauai, and 1 branch in Molokai. The Other segment invests in non-regulated renewable energy and sustainable infrastructure in the State of Hawaii. Hawaiian Electric Industries Inc. was incorporated in 1891 and is headquartered in Honolulu, Hawaii.
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