Renew Energy (RNW) Loses 27% as Firm Pulls Out from Acquisition Plan
ReNew Energy plcReNew Energy plc(US:RNW) Yahoo Finance·2025-12-16 23:24

We recently published 10 Stocks Facing Selling Pressure Ahead of Christmas. ReNew Energy Global Plc (NASDAQ:RNW) is one of the biggest losers on Monday. ReNew Energy nosedived by 27.15 percent on Monday to finish at 5.50apieceasinvestorsunloadedpositionsafterMasdar,oneofthelargestrenewableenergycompaniesglobally,pulledoutfroma5.50 apiece as investors unloaded positions after Masdar, one of the largest renewable energy companies globally, pulled out from a 1 billion plan to take the former private. In a statement over the weekend, Masdar said that it officially withdrew from a consortium that would have taken ReN ...