ReNew Energy Global (NASDAQ:RNW) vs. Dominion Energy (NYSE:D) Critical Analysis

ReNew Energy Global (NASDAQ:RNWGet Free Report) and Dominion Energy (NYSE:DGet Free Report) are both oils/energy companies, but which is the superior business? We will contrast the two businesses based on the strength of their profitability, risk, earnings, dividends, valuation, analyst recommendations and institutional ownership.

Insider & Institutional Ownership

43.6% of ReNew Energy Global shares are owned by institutional investors. Comparatively, 73.0% of Dominion Energy shares are owned by institutional investors. 8.7% of ReNew Energy Global shares are owned by company insiders. Comparatively, 0.1% of Dominion Energy shares are owned by company insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a stock is poised for long-term growth.

Analyst Ratings

This is a summary of recent recommendations and price targets for ReNew Energy Global and Dominion Energy, as provided by MarketBeat.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
ReNew Energy Global 0 0 4 0 3.00
Dominion Energy 0 9 2 0 2.18

ReNew Energy Global presently has a consensus target price of $8.94, suggesting a potential upside of 51.23%. Dominion Energy has a consensus target price of $51.64, suggesting a potential upside of 4.36%. Given ReNew Energy Global’s stronger consensus rating and higher possible upside, research analysts clearly believe ReNew Energy Global is more favorable than Dominion Energy.

Profitability

This table compares ReNew Energy Global and Dominion Energy’s net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
ReNew Energy Global 4.17% 3.36% 0.48%
Dominion Energy 11.57% 7.50% 1.85%

Volatility & Risk

ReNew Energy Global has a beta of 0.93, suggesting that its stock price is 7% less volatile than the S&P 500. Comparatively, Dominion Energy has a beta of 0.58, suggesting that its stock price is 42% less volatile than the S&P 500.

Valuation and Earnings

This table compares ReNew Energy Global and Dominion Energy’s top-line revenue, earnings per share (EPS) and valuation.

Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio
ReNew Energy Global $1.16 billion 1.90 $50.00 million $0.12 49.25
Dominion Energy $14.14 billion 2.93 $1.99 billion $1.94 25.51

Dominion Energy has higher revenue and earnings than ReNew Energy Global. Dominion Energy is trading at a lower price-to-earnings ratio than ReNew Energy Global, indicating that it is currently the more affordable of the two stocks.

Summary

Dominion Energy beats ReNew Energy Global on 8 of the 14 factors compared between the two stocks.

About ReNew Energy Global

(Get Free Report)

ReNew Energy Global Plc generates power through non-conventional and renewable energy sources in India. The company operates through two segments: Wind Power and Solar Power. It develops, builds, owns, and operates utility scale wind and solar energy, hydro energy, and utility-scale firm power projects, as well as distributed solar energy projects that generate energy for commercial and industrial customers. The company provides engineering, procurement, and construction services; operation and maintenance services; consultancy services; and sells renewable energy certificates. ReNew Energy Global Plc was founded in 2011 and is based in London, the United Kingdom.

About Dominion Energy

(Get Free Report)

Dominion Energy, Inc. produces and distributes energy in the United States. It operates through three operating segments: Dominion Energy Virginia, Dominion Energy South Carolina, and Contracted Energy. The Dominion Energy Virginia segment generates, transmits, and distributes regulated electricity to approximately 2.8 million residential, commercial, industrial, and governmental customers in Virginia and North Carolina. The Dominion Energy South Carolina segment generates, transmits, and distributes electricity to approximately 0.8 million customers in the central, southern, and southwestern portions of South Carolina; and distributes natural gas to approximately 0.4 million residential, commercial, and industrial customers in South Carolina. The Contracted Energy segment is involved in the nonregulated long-term contracted renewable electric generation and renewable natural gas facility. As of December 31, 2023, the company's portfolio of assets included approximately 29.5 gigawatt of electric generating capacity; 10,600 miles of electric transmission lines; 79,300 miles of electric distribution lines; and 94,800 miles of gas distribution mains and related service facilities. The company was formerly known as Dominion Resources, Inc. Dominion Energy, Inc. was incorporated in 1983 and is headquartered in Richmond, Virginia.

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