Roth Capital Notes Unexpected Cancellation of ReNew Energy (RNW) Take-Private Deal Following Masdar Withdrawal

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]