Roth MKM lowered the firm’s price target on ReNew Energy Global to $8 from $9 and keeps a Buy rating on the shares. ReNew Energy delivered a Q1 miss, but reiterated FY25 guidance, the analyst tells investors in a research note. Roth MKM believes shares are attractive following the post-Q1 pullback as ReNew continues to make progress in securing PPAs for the 8GW capacity won at auction in FY24.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RNW:
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue