According to researchers at several universities across the globe, a price target is one of many pieces of information about a stock that misleads investors far more often than it guides. In fact, empirical research shows that price targets set by several analysts, irrespective of the extent of agreement, rarely indicate where the price of a stock could actually be heading. The average comprises six short-term price targets ranging from a low of $7.36 to a high of $10, with a standard deviation of $0.94. Wh ...

财务数据和关键指标变化 - 公司在2024财年实现了首次盈利,这是自上市以来的重要里程碑,体现了公司固有的现金创造能力 [31] - 公司2024财年调整后EBITDA达到656亿卢比,接近最高指引范围的660亿卢比 [31] - 公司2024财年现金流量达到137亿卢比,超出最高指引范围 [31] - 公司2024财年每股收益为0.12美元 [31] 各条业务线数据和关键指标变化 - 公司2024财年新增1.9吉瓦运营容量,符合预期 [32] - 公司已签约15.6吉瓦装机容量,包括最近新签约的2.2吉瓦 [32] 各个市场数据和关键指标变化 - 2024财年印度可再生能源拍卖规模超过62吉瓦,是前几年的4倍,创历史新高 [33][35] - 2025财年预计还将有50吉瓦的可再生能源拍卖 [39] - 复杂项目(包括风电和储能)拍卖占比大幅增加,达到23吉瓦 [35][40] 公司战略和发展方向及行业竞争 - 公司未来5年内计划通过内部现金流和资产回收实现16%-18%的年化EBITDA增长 [21][27] - 公司计划未来10年内实现21.4吉瓦的装机容量,并在2030财年实现1420亿-1500亿卢比的EBITDA [22][27] - 公司通过资产回收策略,可以获得更低的股权融资成本,并提高项目IRR至20%-25% [18][25] - 公司在复杂项目(风电+太阳能+储能)方面具有竞争优势,预计这类项目的IRR可达19%-20% [118][121] - 公司拥有自主的风电EPC和数字化能力,有利于在复杂项目中获得更高的回报 [43][44] 管理层对经营环境和未来前景的评论 - 印度可再生能源市场前景良好,政策持续支持,电力需求强劲增长 [14][15][37][39] - 组件和电池价格大幅下降,有利于提高项目收益 [55] - 公司已提前锁定大量电网接入资源,为未来项目建设提供保障 [51][52][53] 其他重要信息 - 公司运营1年以上的资产ROCE约11%,现金流贡献约170亿卢比,杠杆水平约5.3倍,优于合并报表数据 [26][28] - 公司获得多项ESG领域的国际认可,在可持续发展方面表现出色 [76][77][78][79][80] 问答环节重要的提问和回答 问题1 **Justin Clare 提问** 公司已经获得21.4吉瓦的项目,未来如何参与新的拍卖? [92][93][94][95][96][97] **Sumant Sinha 回答** 公司会继续提前锁定电网接入资源和土地,以确保在未来拍卖中具备竞争优势。对于部分后期投产的项目,公司会根据资本需求情况谨慎参与。[93][94][95][96][97] 问题2 **Puneet Gulati 提问** 公司的电池和组件制造业务如何运营?计划如何处置多余产能? [109][110][111][112][113][114][115] **Sumant Sinha 回答** 公司将部分组件和电池产能用于自身项目,剩余部分计划销售到国内外市场。目前制造业务整体运营情况良好,正在逐步稳定。[110][111][112][113][114][115] 问题3 **Maheep Mandloi 提问** 公司的长期指引是否存在保守因素?是否有上行空间? [130][131][132][133][134][135][136][137][138][139][140] **Kailash Vaswani和Sumant Sinha回答** 公司在制定指引时采取了一定的谨慎态度,但仍有上行空间。未来可能会有来自电池和组件出口的额外贡献。政策环境方面,预计不会发生重大变化。[132][133][134][135][136][137][138][139][140]

Q4 FY24 results and long-term outlook This announcement contains certain forward-looking statements within the meaning of the federal securities laws, including statements regarding the services offered by ReNew Energy Global, the markets in which ReNew Energy Global operates and ReNew Energy Global's future potential financial and operational results. These forward-looking statements generally are identified by the words "believe," "project," "expect," "anticipate," "estimate," "intend," "strategy," "futur ...

ReNew Energy Global shares have lost about 20.8% since the beginning of the year versus the S&P 500's gain of 10.9%. ReNew Energy Global PLC (RNW) came out with quarterly earnings of $0.02 per share, beating the Zacks Consensus Estimate of a loss of $0.06 per share. This compares to break-even earnings per share a year ago. These figures are adjusted for non-recurring items. What's Next for ReNew Energy Global? This quarterly report represents an earnings surprise of 133.33%. A quarter ago, it was expected ...

Understood. That's helpful. And lastly, if you can give some color on what's happening on the ALMM front, and the ministry has put it on abeyance, what does it mean for you? Okay. So in case no further announcement comes from the ministry, ALMM will get effective from 1st April? Okay. And lastly, if I may, the solar PLF this quarter is a little lower versus the last year, the same period. Is there an issue on the irradiation side this time? Sumant Sinha Maheep Mandloi Maheep Mandloi Any hi, the line is not ...

Q3 FY24 Earnings Presentation February 20, 2024 This announcement contains certain forward-looking statements within the meaning of the federal securities laws, including statements regarding the services offered by ReNew Energy Global, the markets in which ReNew Energy Global operates and ReNew Energy Global's future potential financial and operational results. These forward-looking statements generally are identified by the words "believe," "project," "expect," "anticipate," "estimate," "intend," "strateg ...

Company Participants Thank you for standing by, and welcome to the ReNew's Second Quarter Fiscal Year '24 Earnings Report. All participants are in a listen-only mode. There will be a presentation followed by a question-and-answer session. [Operator Instructions] After the prepared remarks, we will open up the call for questions. Please note, our safe harbor statements are contained within our press release, presentation materials and materials available on our website. These statements are important and int ...

Q2 FY24 Earnings Presentation November 20, 2023 Non – IFRS Financial Measures 01 Highlights Highlights 1 This announcement contains certain forward-looking statements within the meaning of the federal securities laws, including statements regarding the services offered by ReNew Energy Global, the markets in which ReNew Energy Global operates and ReNew Energy Global's future potential financial and operational results. These forward-looking statements generally are identified by the words "believe," "project ...

ReNew Energy Global Plc (NASDAQ:RNW) Q1 2024 Earnings Conference Call August 21, 2023 8:30 AM ET Company Participants Nathan Judge - Head of Investor Relations Sumant Sinha - Founder, Chairman, and Chief Executive Officer Kedar Upadhye - Chief Financial Officer Vaishali Nigam Sinha - Chairman, Sustainability Conference Call Participants Justin Clare - Roth MKM Nikhil Nigania - Bernstein Operator Thank you for standing by, and welcome to the ReNew's First Quarter Fiscal Year '24 Earnings Report. All particip ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended March 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of eve ...