GURUGRAM, India--(BUSINESS WIRE)---- $RNW #CDP--ReNew Energy Global Plc has achieved an 'A' rating in the Climate Change assessment by CDP for FY 2024–25. ...

Group 1 - ReNew Energy Global (NASDAQ:RNW) is currently considered an oversold stock, with Roth Capital lowering its price target to $8 from $8.15 while maintaining a Buy rating [1] - The price target reduction by Mizuho to $7 from $8.15, along with a Neutral rating, follows the unexpected withdrawal of Masdar from the investor consortium, which was intended to take the company private [2] - The cancellation of the take-private deal has led to a shift in Mizuho's valuation approach, now focusing on no-growth next-12-month EBITDA multiples for the company's segments through FY2028, aligning RNW more closely with industry peers [3] Group 2 - ReNew Energy Global operates in India, generating power through non-conventional and renewable energy sources across five segments: Wind Power, Solar Power, Hydro Power, Transmission Line, and Manufacturing [4]

Core Insights - The utilities sector is currently experiencing a trend of oversold stocks, presenting potential investment opportunities in undervalued companies [1] Group 1: Oversold Stocks - AXIA Energia SA (NYSE:AXIA) has an RSI value of 28.9, indicating it is oversold, with a stock price decline of approximately 20% over the past five days and a 52-week low of $8.78 [5] - Renew Energy Global PLC (NASDAQ:RNW) has an RSI value of 27.3, also indicating it is oversold, with a stock price drop of around 28% over the past month and a 52-week low of $5.04 [5] Group 2: Stock Performance - AXIA shares rose 0.2% to close at $9.07 on Wednesday, with an Edge Stock Rating of 91.92 for momentum and 93.51 for value [5] - Renew Energy Global shares gained 1.5% to close at $5.50 on Wednesday, with an Edge Stock Rating of 9.61 for momentum and 95.80 for value [5] Group 3: Strategic Developments - Renew Energy Global signed a long-term agreement with Google for a new 150 megawatt solar project in Rajasthan, India, highlighting the company's role in supporting India's clean energy transition and global sustainability commitments [5]

Core Insights - The utilities sector is currently experiencing a trend of oversold stocks, presenting potential investment opportunities in undervalued companies [1] Group 1: Oversold Stocks - AXIA Energia SA (NYSE:AXIA) has an RSI value of 28.9, indicating it is oversold, with a stock price decline of approximately 20% over the past five days and a 52-week low of $8.78 [5] - Renew Energy Global PLC (NASDAQ:RNW) has an RSI value of 27.3, also indicating it is oversold, with a stock price drop of around 28% over the past month and a 52-week low of $5.04 [5] Group 2: Stock Performance - AXIA shares rose 0.2% to close at $9.07 on Wednesday, with an Edge Stock Rating of 91.92 for momentum and 93.51 for value [5] - Renew Energy Global shares gained 1.5% to close at $5.50 on Wednesday, with an Edge Stock Rating of 9.61 for momentum and 95.80 for value [5] Group 3: Strategic Developments - Renew Energy Global signed a long-term agreement with Google for a new 150 megawatt solar project in Rajasthan, India, highlighting the company's role in supporting India's clean energy transition and global sustainability commitments [5]

Group 1: Renewable Energy Developments - Renew Energy has signed a long-term agreement with Google for a 150 megawatt solar project in Rajasthan, aimed at supporting Google's decarbonization goals and ensuring project bankability [1] - The solar project is expected to be operational by 2026 and will generate approximately 425,000 megawatt hours annually, increasing Renew's corporate portfolio to 2.7 gigawatts [2] Group 2: Advancements in Nuclear and Solar Technology - Oaklo has completed a critical test campaign for its Pluto fast test reactor, achieving a significant technical milestone under the Department of Energy Reactor pilot program, demonstrating inherent safety and generating benchmark data for future commercial reactors [2] - T1 Energy has commenced construction on its G2 Austin solar cell fabrication facility, which will significantly enhance the US solar manufacturing supply chain, with the first phase expected to exceed current US silicon solar cell capacity [3] - EVgo has successfully deployed over 40% of its charging stations this year using pre-fabricated modular skids, surpassing its year-end target and reducing installation costs by about 15% through a partnership with Miller Electric [3] Group 3: Charging Infrastructure - The pre-fabricated 350 kW fast charging stations are now operational across multiple US states, allowing for faster rollouts, supporting local job creation, and capable of charging up to 14 vehicles simultaneously with improved customer amenities [4]

Core Viewpoint - ReNew Energy Global has signed a long-term agreement with Google to develop a 150 MW solar project in Rajasthan, India, aligning with Google's goal of using 100% carbon-free energy by 2030 and India's aim to double its non-fossil fuel power capacity to 500 GW by the end of this decade [1] Company Summary - ReNew Energy Global is set to develop a 150 MW solar project in Rajasthan, which is expected to be operational by 2026 [1] - The project is anticipated to generate approximately 425,000 MWh of clean electricity annually [1] Industry Summary - The agreement supports India's target to increase its non-fossil fuel power capacity to 500 GW by the end of the decade [1] - The project aligns with global trends towards renewable energy and carbon neutrality, particularly in the tech sector [1]

Core Insights - ReNew Energy Global has signed a long-term agreement with Google to develop a 150-megawatt solar project in Rajasthan, India [1] Company Summary - ReNew Energy Global is expanding its renewable energy portfolio through this partnership with Google, indicating a strategic move towards sustainable energy solutions [1] - The solar project in Rajasthan is part of India's broader efforts to increase its renewable energy capacity and reduce carbon emissions [1] Industry Summary - The collaboration between a major tech company like Google and a renewable energy firm highlights the growing trend of corporate investment in sustainable energy projects [1] - This project aligns with global initiatives to transition towards cleaner energy sources, reflecting the increasing importance of solar energy in the energy mix [1]

Core Viewpoint - ReNew's proposed transaction with the consortium has been terminated following Masdar's withdrawal, leading to disappointment from the company after a lengthy process [4]. Group 1: Company Updates - ReNew published a 6-K in response to the consortium's 13D filings, which is available on their Investor Relations website [2]. - The conference call included key figures from ReNew, such as the Founder, Chairman, and CEO, as well as the CFO and Lead Independent Director [2]. Group 2: Transaction Details - Masdar's withdrawal from the consortium means that the remaining members will not pursue the transaction any further [4]. - The discussions regarding the proposed transaction have been officially terminated after approximately one year since the process became public in December 2024 [4].

Core Viewpoint - ReNew Energy Global Plc (NASDAQ:RNW) experienced a significant decline of 27.15% in its stock price, closing at $5.50, following the withdrawal of Masdar from a $1 billion acquisition plan [1][3]. Group 1: Acquisition Details - Masdar officially withdrew from a consortium aimed at taking ReNew Energy Global Plc private [2]. - The acquisition proposal was initially set at $7.07 per share and was raised to $8.15 per share after a year of negotiations [3]. - The consortium included CPP Investments, ADIA (through Platinum Hawk), and ReNew's founder and CEO, Sumant Sinha [3]. Group 2: Market Reaction - The withdrawal of Masdar led to a complete halt of the merger proposal, resulting in a sharp sell-off of ReNew Energy's shares [3]. - The market response indicates a loss of investor confidence in ReNew Energy following the failed acquisition attempt [1][3]. Group 3: Future Outlook - ReNew Energy Global Plc has not yet announced its next steps following the withdrawal of the acquisition transaction [4].

Summary of ReNew Energy Global Conference Call Company Overview - **Company**: ReNew Energy Global (NasdaqGS:RNW) - **Date of Call**: December 16, 2025 Key Points Industry Context - The call addressed the recent developments regarding a consortium involving ReNew Energy and its potential acquisition discussions, particularly focusing on the withdrawal of Masdar from the consortium [4][5]. Core Insights - **Masdar's Withdrawal**: Masdar has officially withdrawn from the consortium, leading to the termination of discussions regarding the proposed transaction. This decision was unexpected and disappointing for ReNew, especially after a year of negotiations and due diligence [4][5][12]. - **Shareholder Confidence**: Despite Masdar's exit, major shareholders CPPIB and ADIA have reaffirmed their confidence in ReNew's business and growth prospects. The company remains committed to delivering value for all shareholders [5][6]. - **Financial Position**: ReNew maintains a robust liquidity position with over $1 billion in cash. The company’s portfolio is fully funded through internal cash flows and capital recycling [6][7]. - **Growth Guidance**: ReNew has reaffirmed its megawatt and EBITDA guidance for the year, indicating continued business growth and a decline in leverage [7][8]. Strategic Considerations - **Future Plans**: The board is evaluating options for realizing value from various parts of the business and will develop a plan moving forward. The leadership team is prepared for alternative strategies following the consortium's dissolution [15][16]. - **Capital Allocation**: The management is considering various strategic options, including potential share repurchases, although no immediate discussions are underway regarding new offers from other shareholders [14][22]. - **Funding and Growth Strategy**: ReNew plans to continue its growth trajectory, targeting an annual capacity of 2 to 3 GW. Funding will come from internal growth and capital recycling, with no reliance on external capital infusion from the failed transaction [32][41]. Market Reaction - Following the announcement of Masdar's withdrawal, there was a notable decline in ReNew's share price. Management expressed confidence that the market will eventually recognize the company's true value [18][52]. Additional Insights - **Operational Performance**: The company is meeting all operational deliverables for the year and does not foresee issues in raising external funding for its current pipeline [16][46]. - **Long-term Strategy**: The board emphasizes the importance of execution in a rapidly growing market and maintains confidence in the management team to deliver long-term shareholder value [51][52]. Conclusion ReNew Energy Global is navigating a challenging situation following the withdrawal of a key consortium member. However, the company remains financially strong and committed to its growth strategy, with plans to communicate further updates to shareholders in the coming months.