In a report released today, Julien Dumoulin Smith from Bank of America Securities reiterated a Buy rating on ReNew Energy Global (RNW – Research Report), with a price target of $6.00. The company’s shares closed yesterday at $5.39.
According to TipRanks, Dumoulin Smith is a 4-star analyst with an average return of 5.4% and a 56.73% success rate. Dumoulin Smith covers the Utilities sector, focusing on stocks such as NRG Energy, Sempra Energy, and Nextera Energy Partners.
ReNew Energy Global has an analyst consensus of Strong Buy, with a price target consensus of $8.20, implying a 52.13% upside from current levels. In a report released on May 31, Roth MKM also maintained a Buy rating on the stock with a $9.00 price target.
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The company has a one-year high of $7.70 and a one-year low of $4.04. Currently, ReNew Energy Global has an average volume of 844.1K.
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