ReNew Energy Signs Long-Term Agreement with Google for 150 MW Solar Project
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 16 2025
0mins
ReNew Energy Global (RNW) announced that it has signed a long-term agreement with Google (GOOGL) to enable the development of a new 150 megawatt solar project in Rajasthan. Under this partnership, Google will procure the project's energy attributes from ReNew. This long-term procurement is essential for the bankability of the project, and will also help Google make progress towards addressing its value chain emissions. The 150 MW solar project, scheduled for commissioning in 2026, is expected to generate approximately 425,000 MWh of clean electricity annually, which is equivalent to powering over 360,000 Indian households. With this agreement, ReNew's committed commercial and industrial portfolio expands to 2.7 gigawatts (GW), reinforcing its position as one of India's leading providers of corporate clean energy and carbon reduction solutions.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy GOOGL?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
Analyst Views on GOOGL
Wall Street analysts forecast GOOGL stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for GOOGL is 338.25 USD with a low forecast of 279.00 USD and a high forecast of 390.00 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.
34 Analyst Rating
27 Buy
7 Hold
0 Sell
Strong Buy
Current: 338.250
Low
279.00
Averages
338.25
High
390.00
Current: 338.250
Low
279.00
Averages
338.25
High
390.00
About GOOGL
Alphabet Inc. is a holding company. The Company's segments include Google Services, Google Cloud, and Other Bets. The Google Services segment includes products and services such as ads, Android, Chrome, devices, Google Maps, Google Play, Search, and YouTube. The Google Cloud segment includes infrastructure and platform services, collaboration tools, and other services for enterprise customers. Its Other Bets segment is engaged in the sale of healthcare-related services and Internet services. Its Google Cloud provides enterprise-ready cloud services, including Google Cloud Platform and Google Workspace. Google Cloud Platform provides access to solutions such as artificial intelligence (AI) offerings, including its AI infrastructure, Vertex AI platform, and Gemini for Google Cloud; cybersecurity, and data and analytics. Google Workspace includes cloud-based communication and collaboration tools for enterprises, such as Calendar, Gmail, Docs, Drive, and Meet.
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.
Cornerstone Advisory Increases Stake in Goldman Sachs S&P 500 Premium Income ETF
- Share Increase: Cornerstone Advisory increased its stake in the Goldman Sachs S&P 500 Premium Income ETF (GPIX) by 195,336 shares during Q4 2022, representing an estimated $10.23 million trade, indicating strong confidence in the fund.
- AUM Significance: Post-trade, GPIX accounts for 6.73% of Cornerstone Advisory's reportable AUM, highlighting the ETF's growing importance within its investment portfolio.
- Performance Metrics: As of January 27, GPIX shares were priced at $53.41, reflecting a 5% increase over the past year, while the fund's trailing 12-month dividend yield stood at 8.0%, providing investors with consistent cash flow.
- Investment Strategy: GPIX focuses on generating premium income by investing at least 80% of its assets in S&P 500 equities, aiming to mirror the benchmark's style, capitalization, and sector allocation, thereby enhancing its competitive position in the market.
Continue Reading
Stock Yards Bank Increases Stake in Bancorp
- Share Buyback Transaction: Stock Yards Bank & Trust Co. increased its stake in Stock Yards Bancorp by 366,475 shares in Q4 2026, with an estimated transaction value of $24.6 million, indicating confidence in the bank's future prospects.
- Increased Holdings Value: Following the buyback, total holdings in Stock Yards Bancorp rose to 1,338,377 shares, valued at $86.93 million, with a net position increase of $18.90 million, reflecting positive stock price movement during the period.
- Market Performance Analysis: As of January 20, 2026, Stock Yards Bancorp shares traded at $67.82, down 5.6% over the past year and underperforming the S&P 500 by 20.4 percentage points, indicating cautious market sentiment regarding its future.
- Investor Confidence Signal: Despite potential pressure from interest rate cuts, Stock Yards chose to buy back its own shares, signaling management's recognition of the company's value and possibly reflecting confidence in future profitability.
Continue Reading