Bank of America Securities analyst Julien Dumoulin Smith reiterated a Buy rating on ReNew Energy Global (RNW – Research Report) today and set a price target of $7.00. The company’s shares closed yesterday at $5.86.
Dumoulin Smith covers the Utilities sector, focusing on stocks such as NRG Energy, Pinnacle West Capital, and Sempra Energy. According to TipRanks, Dumoulin Smith has an average return of 5.3% and a 56.50% success rate on recommended stocks.
ReNew Energy Global has an analyst consensus of Strong Buy, with a price target consensus of $7.66, implying a 30.72% upside from current levels. In a report released on June 14, Morgan Stanley also maintained a Buy rating on the stock with a $6.48 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 820.7K.
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