Investing.com - Renew Energy Global reported on Tuesday second quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Renew Energy Global announced earnings per share of $-0.030 on revenue of $240M. Analysts polled by Investing.com anticipated EPS of $0.081 on revenue of $281.1M.
Renew Energy Global shares are down 18% from the beginning of the year, still down 35.61% from its 52 week high of $9.80 set on November 16, 2021.
Renew Energy Global follows other major Utilities sector earnings this month
Renew Energy Global's report follows an earnings beat by NextEra Energy on October 28, who reported EPS of $0.85 on revenue of $6.72B, compared to forecasts EPS of $0.79 on revenue of $5.96B.
Duke Energy had missed expectations on November 4 with third quarter EPS of $1.78 on revenue of $7.97B, compared to forecast for EPS of $1.84 on revenue of $7,388M.
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