ReNew Energy Global Misses Earnings Estimates, Stock Outlook Remains Uncertain

ReNew Energy Global (RNW) reported break-even quarterly earnings per share, missing Zacks Consensus Estimates. Revenue also fell short of expectations. Despite past performance exceeding estimates, the stock has struggled this year. While the company’s earnings outlook will be key to its future, the current Zacks Rank of #3 (Hold) suggests performance in line with the market. The alternative energy sector faces challenges, and overall industry outlook may impact the stock’s performance.

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