Core Insights - ReNew Energy Global plc (NYSE:RNW) is recognized as a strong alternative energy investment, reporting significant growth in Q3 FY2026 earnings with total revenue of ₹31,372 million (approximately $349 million), marking a 48% year-over-year increase [1] Revenue Growth - Power sales were a major contributor to revenue growth, reaching ₹18,290 million (about $204 million), which is a 22% increase from the previous quarter [2] - Electricity sold increased by 23.1%, totaling 5,077 million kWh compared to 4,125 million kWh a year ago [2] - Wind generation surged by 52.2% year over year, while solar generation grew by 7.9% year over year, attributed to newly commissioned capacity [2] Sequential Revenue Decline - Despite the year-over-year growth, revenue decreased significantly on a sequential basis, falling from ₹38,560 million in Q2 FY26 [3] - The decline was attributed to lower solar plant load factors due to reduced solar irradiation and revenue loss from assets sold as part of a capital recycling program [3] Earnings Performance - Quarterly EPS was reported at ₹0.16 per share, significantly surpassing the analyst consensus estimate of ₹-9.32 per share [4] - The net loss narrowed to ₹198 million (~$2.2 million), a substantial improvement from a net loss of ₹3,879 million (~$43 million) in Q3 FY25 [4] - Adjusted EBITDA increased by 54% year over year to ₹21,380 million (~$238 million), contributing to the near-breakeven result despite revenue decline [4] Full-Year Guidance - ReNew updated its full-year guidance, projecting FY26 adjusted EBITDA to be in the range of ₹90-93 billion and cash flow to equity between ₹14 billion and ₹17 billion [5] Company Overview - ReNew Energy Global plc is headquartered in Gurgaon, Haryana, India, and focuses on developing, owning, and operating utility-scale wind, solar, rooftop solar, and hydroelectric projects across India [5]

Core Insights - Tesla's original mission was to catalyze the transition to sustainable energy and reinvent transportation, starting with high-end sports cars to fund the development of more affordable electric vehicles (EVs) [1][3][16] - The electrification of transportation is crucial as 66% of oil consumption is used in this sector, and if all cars were electric, petroleum consumption could drop significantly [2][3] - Tesla's approach has been to demonstrate the viability of EVs, making them desirable and affordable, which is essential for achieving near 100% EV adoption in the U.S. [4][10] Market Dynamics - In Q1 2025, approximately 40% of vehicles sold in China were EVs or plug-in hybrids, but Tesla's deliveries in China fell by 8% despite overall market growth [11] - Tesla's U.S. market share has decreased to 3%, down from about 5%, indicating brand pressure amidst a record quarter for EVs overall [11][12] - Political endorsements and polarizing behavior from Elon Musk have contributed to brand slippage, with significant sales declines in Europe [12] Economic Factors - The drop in U.S. crude prices below $60 per barrel has made gasoline vehicles cheaper to operate, undermining the economic case for EVs [13] - Tesla's growth from 2 million to 20 million cars sold annually is seen as beneficial for the environment and the company's financial health, as volume leads to cost parity and mass adoption [14] Strategic Opportunities - Potential tailwinds for Tesla include tariffs on vehicles that could favor domestic manufacturing and a regulatory environment that supports faster deployment of autonomous driving features [15] - Tesla's original plan included goals for autonomy to reduce accidents and lower costs per mile, which remains relevant for future growth [15]