Renewable Utilities
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2 / 10Stock Comparison
RNW vs ARRY
Revenue, margins, valuation, and 5-year total return — side by side.
Solar
RNW vs ARRY — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||
|---|---|---|
| Industry | Renewable Utilities | Solar |
| Market Cap | $1.33B | $1.25B |
| Revenue (TTM) | $129.66B | $1.21B |
| Net Income (TTM) | $11.97B | $-67M |
| Gross Margin | 77.9% | 22.4% |
| Operating Margin | 48.4% | 4.5% |
| Forward P/E | 0.4x | 11.7x |
| Total Debt | $732.28B | $766M |
| Cash & Equiv. | $40.42B | $244M |
RNW vs ARRY — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | Feb 21 | May 26 | Return |
|---|---|---|---|
| ReNew Energy Global… (RNW) | 100 | 49.1 | -50.9% |
| Array Technologies,… (ARRY) | 100 | 22.1 | -77.9% |
Price return only. Dividends and distributions are not included.
Quick Verdict: RNW vs ARRY
Each card shows where this stock fits in a portfolio — not just who wins on paper.
RNW carries the broadest edge in this set and is the clearest fit for income & stability and long-term compounding.
- Dividend streak 1 yrs, beta 0.62
- -50.5% 10Y total return vs ARRY's -77.5%
- Lower volatility, beta 0.62, current ratio 0.60x
ARRY is the clearest fit if your priority is growth exposure.
- Rev growth 40.2%, EPS growth 62.6%, 3Y rev CAGR -7.8%
- 40.2% revenue growth vs RNW's 19.4%
- +62.7% vs RNW's -17.7%
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 40.2% revenue growth vs RNW's 19.4% | |
| Value | Lower P/E (0.4x vs 11.7x) | |
| Quality / Margins | 9.2% margin vs ARRY's -5.6% | |
| Stability / Safety | Beta 0.62 vs ARRY's 2.32 | |
| Dividends | Tie | Neither stock pays a meaningful dividend |
| Momentum (1Y) | +62.7% vs RNW's -17.7% | |
| Efficiency (ROA) | 1.2% ROA vs ARRY's -4.4%, ROIC 4.9% vs 9.0% |
RNW vs ARRY — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
Segment breakdown not available.
RNW vs ARRY — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
Income & Cash Flow (Last 12 Months)
RNW leads this category, winning 5 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
RNW is the larger business by revenue, generating $129.7B annually — 107.6x ARRY's $1.2B. RNW is the more profitable business, keeping 9.2% of every revenue dollar as net income compared to ARRY's -5.6%. On growth, RNW holds the edge at +37.2% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | ||
|---|---|---|
| RevenueTrailing 12 months | $129.7B | $1.2B |
| EBITDAEarnings before interest/tax | $86.9B | $95M |
| Net IncomeAfter-tax profit | $12.0B | -$67M |
| Free Cash FlowCash after capex | -$23.8B | $58M |
| Gross MarginGross profit ÷ Revenue | +77.9% | +22.4% |
| Operating MarginEBIT ÷ Revenue | +48.4% | +4.5% |
| Net MarginNet income ÷ Revenue | +9.2% | -5.6% |
| FCF MarginFCF ÷ Revenue | -18.4% | +4.8% |
| Rev. Growth (YoY)Latest quarter vs prior year | +37.2% | -26.1% |
| EPS Growth (YoY)Latest quarter vs prior year | +94.8% | -7.0% |
Valuation Metrics
RNW leads this category, winning 3 of 5 comparable metrics.
Valuation Metrics
On an enterprise value basis, RNW's 11.3x EV/EBITDA is more attractive than ARRY's 13.5x.
| Metric | ||
|---|---|---|
| Market CapShares × price | $1.3B | $1.3B |
| Enterprise ValueMkt cap + debt − cash | $8.6B | $1.8B |
| Trailing P/EPrice ÷ TTM EPS | 46.91x | -11.23x |
| Forward P/EPrice ÷ next-FY EPS est. | 0.40x | 11.75x |
| PEG RatioP/E ÷ EPS growth rate | — | — |
| EV / EBITDAEnterprise value multiple | 11.27x | 13.50x |
| Price / SalesMarket cap ÷ Revenue | 1.30x | 0.98x |
| Price / BookPrice ÷ Book value/share | 1.43x | 4.80x |
| Price / FCFMarket cap ÷ FCF | — | 15.72x |
Profitability & Efficiency
ARRY leads this category, winning 6 of 9 comparable metrics.
Profitability & Efficiency
RNW delivers a 8.4% return on equity — every $100 of shareholder capital generates $8 in annual profit, vs $-21 for ARRY. ARRY carries lower financial leverage with a 2.94x debt-to-equity ratio, signaling a more conservative balance sheet compared to RNW's 5.59x. On the Piotroski fundamental quality scale (0–9), ARRY scores 5/9 vs RNW's 4/9, reflecting solid financial health.
| Metric | ||
|---|---|---|
| ROE (TTM)Return on equity | +8.4% | -20.6% |
| ROA (TTM)Return on assets | +1.2% | -4.4% |
| ROICReturn on invested capital | +4.9% | +9.0% |
| ROCEReturn on capital employed | +6.9% | +8.2% |
| Piotroski ScoreFundamental quality 0–9 | 4 | 5 |
| Debt / EquityFinancial leverage | 5.59x | 2.94x |
| Net DebtTotal debt minus cash | $691.9B | $522M |
| Cash & Equiv.Liquid assets | $40.4B | $244M |
| Total DebtShort + long-term debt | $732.3B | $766M |
| Interest CoverageEBIT ÷ Interest expense | 86.76x | -2.42x |
Total Returns (Dividends Reinvested)
RNW leads this category, winning 5 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in RNW five years ago would be worth $5,427 today (with dividends reinvested), compared to $3,233 for ARRY. Over the past 12 months, ARRY leads with a +62.7% total return vs RNW's -17.7%. The 3-year compound annual growth rate (CAGR) favors RNW at 1.5% vs ARRY's -24.0% — a key indicator of consistent wealth creation.
| Metric | ||
|---|---|---|
| YTD ReturnYear-to-date | -7.8% | -15.3% |
| 1-Year ReturnPast 12 months | -17.7% | +62.7% |
| 3-Year ReturnCumulative with dividends | +4.4% | -56.1% |
| 5-Year ReturnCumulative with dividends | -45.7% | -67.7% |
| 10-Year ReturnCumulative with dividends | -50.5% | -77.5% |
| CAGR (3Y)Annualised 3-year return | +1.5% | -24.0% |
Risk & Volatility
Evenly matched — RNW and ARRY each lead in 1 of 2 comparable metrics.
Risk & Volatility
RNW is the less volatile stock with a 0.62 beta — it tends to amplify market swings less than ARRY's 2.32 beta. A beta below 1.0 means the stock typically moves less than the S&P 500.
| Metric | ||
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.62x | 2.32x |
| 52-Week HighHighest price in past year | $8.24 | $12.23 |
| 52-Week LowLowest price in past year | $4.38 | $4.92 |
| % of 52W HighCurrent price vs 52-week peak | +65.5% | +67.0% |
| RSI (14)Momentum oscillator 0–100 | 64.1 | 56.4 |
| Avg Volume (50D)Average daily shares traded | 734K | 6.0M |
Analyst Outlook
Insufficient data to determine a leader in this category.
Analyst Outlook
Wall Street rates RNW as "Buy" and ARRY as "Buy". Consensus price targets imply 20.7% upside for RNW (target: $7) vs 11.8% for ARRY (target: $9).
| Metric | ||
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy |
| Price TargetConsensus 12-month target | $6.52 | $9.17 |
| # AnalystsCovering analysts | 6 | 28 |
| Dividend YieldAnnual dividend ÷ price | — | — |
| Dividend StreakConsecutive years of raises | 1 | 1 |
| Dividend / ShareAnnual DPS | — | — |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | 0.0% |
RNW leads in 3 of 6 categories (Income & Cash Flow, Valuation Metrics). ARRY leads in 1 (Profitability & Efficiency). 1 tied.
RNW vs ARRY: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is RNW or ARRY a better buy right now?
For growth investors, Array Technologies, Inc.
(ARRY) is the stronger pick with 40. 2% revenue growth year-over-year, versus 19. 4% for ReNew Energy Global Plc (RNW). ReNew Energy Global Plc (RNW) offers the better valuation at 46. 9x trailing P/E (0. 4x forward), making it the more compelling value choice. Analysts rate ReNew Energy Global Plc (RNW) a "Buy" — based on 6 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — RNW or ARRY?
On forward P/E, ReNew Energy Global Plc is actually cheaper at 0.
4x.
03Which is the better long-term investment — RNW or ARRY?
Over the past 5 years, ReNew Energy Global Plc (RNW) delivered a total return of -45.
7%, compared to -67. 7% for Array Technologies, Inc. (ARRY). Over 10 years, the gap is even starker: RNW returned -50. 5% versus ARRY's -77. 5%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — RNW or ARRY?
By beta (market sensitivity over 5 years), ReNew Energy Global Plc (RNW) is the lower-risk stock at 0.
62β versus Array Technologies, Inc. 's 2. 32β — meaning ARRY is approximately 272% more volatile than RNW relative to the S&P 500. On balance sheet safety, Array Technologies, Inc. (ARRY) carries a lower debt/equity ratio of 3% versus 6% for ReNew Energy Global Plc — giving it more financial flexibility in a downturn.
05Which is growing faster — RNW or ARRY?
By revenue growth (latest reported year), Array Technologies, Inc.
(ARRY) is pulling ahead at 40. 2% versus 19. 4% for ReNew Energy Global Plc (RNW). On earnings-per-share growth, the picture is similar: Array Technologies, Inc. grew EPS 62. 6% year-over-year, compared to 10. 1% for ReNew Energy Global Plc. Over a 3-year CAGR, RNW leads at 17. 8% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — RNW or ARRY?
ReNew Energy Global Plc (RNW) is the more profitable company, earning 3.
9% net margin versus -4. 1% for Array Technologies, Inc. — meaning it keeps 3. 9% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: RNW leads at 53. 5% versus 6. 6% for ARRY. At the gross margin level — before operating expenses — RNW leads at 91. 1%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is RNW or ARRY more undervalued right now?
On forward earnings alone, ReNew Energy Global Plc (RNW) trades at 0.
4x forward P/E versus 11. 7x for Array Technologies, Inc. — 11. 4x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for RNW: 20. 7% to $6. 52.
08Which pays a better dividend — RNW or ARRY?
None of the stocks in this comparison currently pay a material dividend.
All are effectively zero-yield and should be held for capital appreciation rather than income.
09Is RNW or ARRY better for a retirement portfolio?
For long-horizon retirement investors, ReNew Energy Global Plc (RNW) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0.
62)). Array Technologies, Inc. (ARRY) carries a higher beta of 2. 32 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (RNW: -50. 5%, ARRY: -77. 5%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between RNW and ARRY?
These companies operate in different sectors (RNW (Utilities) and ARRY (Energy)), which means they face different economic cycles, regulatory environments, and macro sensitivities — making direct comparison nuanced.
These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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