ReNew Energy Global exceeded analyst expectations in Q1 FY2027 by reporting EPS of $0.17 versus $0.12 estimated and revenue of $506.4 million, surpassing the $459.86 million forecast. The company expanded its renewable energy portfolio to about 20.5 gigawatts, including 1.7 gigawatts of battery storage, highlighting its leadership in India's energy transition. Adjusted EBITDA rose 12% year-over-year to INR 30.40 billion, and profit after tax increased 16%, showing improved profitability despite industry challenges. This strong performance underscores ReNew's operational efficiency and growth potential in the renewable energy sector.
Analysts have raised their price targets for Cheniere Energy, signaling confidence in the company's future growth. Argus increased its target to $330, suggesting a 20.33% upside from the current price of around $274. TD Cowen also raised its target t...
Argenx reported successful Phase 3 clinical trial results for its drug VYVGART Hytrulo, targeting autoimmune myositis, especially benefiting patients with IMNM who lack approved therapies. The trial met its primary endpoint with statistically signifi...
Morgan Stanley increased its price target for Targa Resources to $343, maintaining an Overweight rating due to the company's strong Q2 results and growth outlook. Targa Resources exceeded profit estimates with a 38% rise in adjusted EBITDA, driven by...
Amer Sports reported strong Q3 results with earnings per share of $0.22, doubling analyst expectations and up from $0.06 last year. Revenue reached $1.63 billion, surpassing the $1.54 billion consensus and showing significant growth from $1.24 billio...
Home Depot reported strong quarterly results with earnings per share of $4.92 and revenue of $47.86 billion, both surpassing analyst expectations. This growth comes amid a 'frozen housing market' where customers prefer smaller maintenance projects du...
