RNWWW - ReNew Energy Global: A Differentiated Long-Term Play

Summary

• Disappointing quarter with EPS missed by $0.09 and revenue missed by $21.4mn, despite 9M YoY results demonstrating strength in revenue growth of 23%.
• However, ReNew Energy Global stands out with its differentiated focus, which puts the company at a unique advantage over the long run with higher than plain vanilla return opportunities.
• Market may not have priced in its fresh business focus that will set the company apart from its peers.
• Despite high level of debts, its financial health is less concerning while the company practices thoughtful risk management.

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