ReNew Energy Partners with Google for 150MW Solar Project in India
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 26 2025
0mins
Source: Benzinga
- Partnership Agreement: ReNew Energy Global PLC has signed a long-term agreement with Google to develop a 150 megawatt solar project in Rajasthan, India, reflecting growing global confidence in India's clean energy ecosystem.
- Market Performance Decline: The company's stock has fallen approximately 28% over the past month, with a 52-week low of $5.04 and an RSI value of 27.3, indicating severe overselling and potential buying opportunities for investors.
- Price Recovery Signs: Despite downward pressure, ReNew Energy's shares rose 1.5% to close at $5.50 on Wednesday, indicating market recognition of its long-term growth potential.
- Sustainability Commitment: The co-founder of ReNew stated that this partnership not only supports India's energy transition but also helps global companies meet sustainability goals, highlighting its strategic significance.
Analyst Views on RNW
Wall Street analysts forecast RNW stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for RNW is 7.67 USD with a low forecast of 7.00 USD and a high forecast of 8.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
3 Analyst Rating
2 Buy
1 Hold
0 Sell
Moderate Buy
Current: 5.500
Low
7.00
Averages
7.67
High
8.00
Current: 5.500
Low
7.00
Averages
7.67
High
8.00
About RNW
ReNew Energy Global Plc is a decarbonization solutions company. The Company is a utility-scale renewable energy solutions provider in India. Its segments include wind power, solar power, hydro power, transmission line, and manufacturing. Its wind power segment includes utility-scale wind energy projects in India. Its solar power segment includes utility-scale solar energy projects in India. Its hydro power segment includes hydro energy projects in India. Its transmission line segment includes construction and maintenance of transmission lines. Its manufacturing segment includes manufacturing of solar panels and modules. It primarily operates wind, solar, and hydro energy projects. It provides clean energy solutions and value-added energy offerings through digitalization, storage, and carbon market services. It conducts business activities relating to the generation of power through non-conventional and renewable energy sources through ReNew Power Private Limited and its subsidiaries.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
