Comprehensive Stock Comparison
Compare ReNew Energy Global Plc (RNW) vs Ormat Technologies, Inc. (ORA) Stock
Analyze side-by-side fundamentals, valuation, growth, and profitability to decide which stock is the better buy.
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Quick Verdict
| Category | Winner | Why |
|---|---|---|
| Growth | RNW | 19.4% revenue growth vs ORA's 12.5% |
| Value | RNW | Lower P/E (0.4x vs 43.9x) |
| Quality / Margins | ORA | 12.5% net margin vs RNW's 9.2% |
| Stability / Safety | RNW | Beta 0.52 vs ORA's 0.54 |
| Dividends | ORA | 0.5% yield; RNW pays no meaningful dividend |
| Momentum (1Y) | ORA | +49.2% vs RNW's -12.4% |
| Efficiency (ROA) | ORA | 2.0% ROA vs RNW's 1.2%, ROIC 2.7% vs 4.9% |
Who Each Stock Is For
Income & stability
Growth exposure
Long-term compounding (10Y)
Sleep-well-at-night portfolio
Defensive / Recession hedge
Business Model
What each company does and how it makes money
ReNew Energy Global is a leading Indian renewable energy company that develops, builds, owns, and operates utility-scale wind and solar power projects. It generates revenue primarily through long-term power purchase agreements — selling electricity to utilities and commercial customers — supplemented by engineering and maintenance services. The company's competitive advantage lies in its massive scale as India's largest renewable energy developer, with a diversified portfolio across wind and solar that benefits from India's ambitious clean energy transition.
Ormat Technologies is a geothermal and renewable energy company that develops, owns, and operates power plants while also manufacturing specialized energy equipment. It generates revenue primarily from electricity sales (around 70% of total) and equipment manufacturing/services (roughly 30%), with a small but growing energy storage segment. The company's moat lies in its proprietary geothermal technology and vertical integration—controlling everything from equipment manufacturing to plant operations.
Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
Financial Metrics Comparison
Side-by-side fundamentals across 2 stocks. BestLagging
Financial Scorecard
RNW leads in 3 of 6 categories (Financial Metrics, Valuation Metrics). ORA leads in 1 (Profitability & Efficiency). 2 tied.
Financial Metrics (TTM)
RNW is the larger business by revenue, generating $129.7B annually — 131.0x ORA's $990M. Profitability is closely matched — net margins range from 12.5% (ORA) to 9.2% (RNW). On growth, RNW holds the edge at +37.2% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | RNWReNew Energy Glob… | ORAOrmat Technologie… |
|---|---|---|
| RevenueTrailing 12 months | $129.7B | $990M |
| EBITDAEarnings before interest/tax | $86.9B | $426M |
| Net IncomeAfter-tax profit | $12.0B | $124M |
| Free Cash FlowCash after capex | -$23.8B | -$619M |
| Gross MarginGross profit ÷ Revenue | +77.9% | +27.6% |
| Operating MarginEBIT ÷ Revenue | +48.4% | +13.9% |
| Net MarginNet income ÷ Revenue | +9.2% | +12.5% |
| FCF MarginFCF ÷ Revenue | -18.4% | -62.6% |
| Rev. Growth (YoY)Latest quarter vs prior year | +37.2% | +19.6% |
| EPS Growth (YoY)Latest quarter vs prior year | +94.8% | -25.4% |
Valuation Metrics
At 46.0x trailing earnings, RNW trades at a 10% valuation discount to ORA's 51.3x P/E. On an enterprise value basis, RNW's 11.2x EV/EBITDA is more attractive than ORA's 14.2x.
| Metric | RNWReNew Energy Glob… | ORAOrmat Technologie… |
|---|---|---|
| Market CapShares × price | $1.4B | $6.3B |
| Enterprise ValueMkt cap + debt − cash | $9.0B | $6.7B |
| Trailing P/EPrice ÷ TTM EPS | 46.02x | 51.34x |
| Forward P/EPrice ÷ next-FY EPS est. | 0.36x | 43.88x |
| PEG RatioP/E ÷ EPS growth rate | — | 12.43x |
| EV / EBITDAEnterprise value multiple | 11.23x | 14.22x |
| Price / SalesMarket cap ÷ Revenue | 1.27x | 6.34x |
| Price / BookPrice ÷ Book value/share | 1.40x | 1.27x |
| Price / FCFMarket cap ÷ FCF | — | — |
Profitability & Efficiency
RNW delivers a 8.4% return on equity — every $100 of shareholder capital generates $8 in annual profit, vs $2 for ORA. ORA carries lower financial leverage with a 0.14x debt-to-equity ratio, signaling a more conservative balance sheet compared to RNW's 5.59x. On the Piotroski fundamental quality scale (0–9), ORA scores 5/9 vs RNW's 4/9, reflecting solid financial health.
| Metric | RNWReNew Energy Glob… | ORAOrmat Technologie… |
|---|---|---|
| ROE (TTM)Return on equity | +8.4% | +2.5% |
| ROA (TTM)Return on assets | +1.2% | +2.0% |
| ROICReturn on invested capital | +4.9% | +2.7% |
| ROCEReturn on capital employed | +6.9% | +3.5% |
| Piotroski ScoreFundamental quality 0–9 | 4 | 5 |
| Debt / EquityFinancial leverage | 5.59x | 0.14x |
| Net DebtTotal debt minus cash | $691.9B | $411M |
| Cash & Equiv.Liquid assets | $40.4B | $281M |
| Total DebtShort + long-term debt | $732.3B | $692M |
| Interest CoverageEBIT ÷ Interest expense | 86.76x | 1.29x |
Total Returns (with DRIP)
A $10,000 investment in ORA five years ago would be worth $12,531 today (with dividends reinvested), compared to $5,036 for RNW. Over the past 12 months, ORA leads with a +49.2% total return vs RNW's -12.4%. The 3-year compound annual growth rate (CAGR) favors RNW at 8.3% vs ORA's 7.5% — a key indicator of consistent wealth creation.
| Metric | RNWReNew Energy Glob… | ORAOrmat Technologie… |
|---|---|---|
| YTD ReturnYear-to-date | -5.8% | -8.8% |
| 1-Year ReturnPast 12 months | -12.4% | +49.2% |
| 3-Year ReturnCumulative with dividends | +27.2% | +24.4% |
| 5-Year ReturnCumulative with dividends | -49.6% | +25.3% |
| 10-Year ReturnCumulative with dividends | -49.4% | +184.2% |
| CAGR (3Y)Annualised 3-year return | +8.3% | +7.5% |
Risk & Volatility
RNW is the less volatile stock with a 0.52 beta — it tends to amplify market swings less than ORA's 0.54 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. ORA currently trades 78.2% from its 52-week high vs RNW's 67.0% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | RNWReNew Energy Glob… | ORAOrmat Technologie… |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.52x | 0.54x |
| 52-Week HighHighest price in past year | $8.24 | $132.58 |
| 52-Week LowLowest price in past year | $5.04 | $64.39 |
| % of 52W HighCurrent price vs 52-week peak | +67.0% | +78.2% |
| RSI (14)Momentum oscillator 0–100 | 54.2 | 31.0 |
| Avg Volume (50D)Average daily shares traded | 780K | 494K |
Analyst Outlook
Wall Street rates RNW as "Buy" and ORA as "Hold". Consensus price targets imply 28.0% upside for ORA (target: $133) vs 18.1% for RNW (target: $7). ORA is the only dividend payer here at 0.46% yield — a key consideration for income-focused portfolios.
| Metric | RNWReNew Energy Glob… | ORAOrmat Technologie… |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Hold |
| Price TargetConsensus 12-month target | $6.52 | $132.71 |
| # AnalystsCovering analysts | 6 | 17 |
| Dividend YieldAnnual dividend ÷ price | — | +0.5% |
| Dividend StreakConsecutive years of raises | 1 | 0 |
| Dividend / ShareAnnual DPS | — | $0.47 |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | 0.0% |
Historical Charts
Charts are rendered on first load. Hover for details.
Chart 1Total Return — 5 Years (Rebased to 100)
| Stock | Feb 21 | Feb 26 | Change |
|---|---|---|---|
| ReNew Energy Global… (RNW) | 100 | 49.59 | -50.4% |
| Ormat Technologies,… (ORA) | 100 | 107.89 | +7.9% |
Ormat Technologies,… (ORA) returned +25% over 5 years vs ReNew Energy Global… (RNW)'s -50%. A $10,000 investment in ORA 5 years ago would be worth $12,531 today (including dividends reinvested).
Chart 2Revenue Growth — 10 Years
| Stock | 2016 | 2025 | Change |
|---|---|---|---|
| ReNew Energy Global… (RNW) | $13.1B | $97.1B | +642.5% |
| Ormat Technologies,… (ORA) | $663M | $990M | +49.3% |
Ormat Technologies, Inc.'s revenue grew from $663M (2016) to $990M (2025) — a 4.6% CAGR.
Chart 3Net Margin Trend — 10 Years
| Stock | 2016 | 2025 | Change |
|---|---|---|---|
| ReNew Energy Global… (RNW) | 2.6% | 3.9% | +51.9% |
| Ormat Technologies,… (ORA) | 14.2% | 12.5% | -11.7% |
Ormat Technologies, Inc.'s net margin went from 14% (2016) to 13% (2025).
Chart 4P/E Ratio History — 9 Years
| Stock | 2017 | 2025 | Change |
|---|---|---|---|
| Ormat Technologies,… (ORA) | 24.5 | 54.7 | +123.3% |
Ormat Technologies, Inc. has traded in a 25x–74x P/E range over 9 years; current trailing P/E is ~51x.
Chart 5EPS Growth — 10 Years
| Stock | 2016 | 2025 | Change |
|---|---|---|---|
| ReNew Energy Global… (RNW) | 1.13 | 10.92 | +866.4% |
| Ormat Technologies,… (ORA) | 1.77 | 2.02 | +14.1% |
Ormat Technologies, Inc.'s EPS grew from $1.77 (2016) to $2.02 (2025) — a 1% CAGR.
Chart 6Free Cash Flow — 5 Years
ReNew Energy Global Plc generated $-26B FCF in 2024 (+45% vs 2021). Ormat Technologies, Inc. generated $-285M FCF in 2025 (+25% vs 2021).
RNW vs ORA: Frequently Asked Questions
9 questions · data-driven answers · updated daily
01Is RNW or ORA a better buy right now?
ReNew Energy Global Plc (RNW) offers the better valuation at 46.0x 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 ORA?
On trailing P/E, ReNew Energy Global Plc (RNW) is the cheapest at 46.0x versus Ormat Technologies, Inc. at 51.3x. On forward P/E, ReNew Energy Global Plc is actually cheaper at 0.4x.
03Which is the better long-term investment — RNW or ORA?
Over the past 5 years, Ormat Technologies, Inc. (ORA) delivered a total return of +25.3%, compared to -49.6% for ReNew Energy Global Plc (RNW). A $10,000 investment in ORA five years ago would be worth approximately $13K today (assuming dividends reinvested). Over 10 years, the gap is even starker: ORA returned +184.2% versus RNW's -49.4%. 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 ORA?
By beta (market sensitivity over 5 years), ReNew Energy Global Plc (RNW) is the lower-risk stock at 0.52β versus Ormat Technologies, Inc.'s 0.54β — meaning ORA is approximately 5% more volatile than RNW relative to the S&P 500. On balance sheet safety, Ormat Technologies, Inc. (ORA) carries a lower debt/equity ratio of 14% versus 6% for ReNew Energy Global Plc — giving it more financial flexibility in a downturn.
05Which has better profit margins — RNW or ORA?
Ormat Technologies, Inc. (ORA) is the more profitable company, earning 12.5% net margin versus 3.9% for ReNew Energy Global Plc — meaning it keeps 12.5% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: RNW leads at 53.5% versus 18.5% for ORA. 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.
06Is RNW or ORA more undervalued right now?
On forward earnings alone, ReNew Energy Global Plc (RNW) trades at 0.4x forward P/E versus 43.9x for Ormat Technologies, Inc. — 43.5x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for ORA: 28.0% to $132.71.
07Which pays a better dividend — RNW or ORA?
In this comparison, ORA (0.5% yield) pays a dividend. RNW does not pay a meaningful dividend and should not be held primarily for income.
08Is RNW or ORA better for a retirement portfolio?
For long-horizon retirement investors, Ormat Technologies, Inc. (ORA) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0.54), +184.2% 10Y return). Both have compounded well over 10 years (ORA: +184.2%, RNW: -49.4%), 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.
09What are the main differences between RNW and ORA?
Both stocks operate in the Utilities sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both. 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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