Renewable Utilities
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4 / 10Stock Comparison
RNW vs RUN vs SPWR vs ARRY
Revenue, margins, valuation, and 5-year total return — side by side.
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RNW vs RUN vs SPWR vs ARRY — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||||
|---|---|---|---|---|
| Industry | Renewable Utilities | Solar | Solar | Solar |
| Market Cap | $1.33B | $3.24B | $866M | $1.25B |
| Revenue (TTM) | $129.66B | $3.17B | $315M | $1.21B |
| Net Income (TTM) | $11.97B | $568M | $-42M | $-67M |
| Gross Margin | 77.9% | 23.5% | 50.4% | 22.4% |
| Operating Margin | 48.4% | -1.8% | -2.7% | 4.5% |
| Forward P/E | 0.4x | 22.8x | 5.1x | 11.7x |
| Total Debt | $732.28B | $14.89B | $188M | $766M |
| Cash & Equiv. | $40.42B | $1.24B | $10M | $244M |
RNW vs RUN vs SPWR vs ARRY — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | Jul 23 | May 26 | Return |
|---|---|---|---|
| ReNew Energy Global… (RNW) | 100 | 87.1 | -12.9% |
| Sunrun Inc. (RUN) | 100 | 72.7 | -27.3% |
| SunPower Inc. (SPWR) | 100 | 30.0 | -70.0% |
| Array Technologies,… (ARRY) | 100 | 43.0 | -57.0% |
Price return only. Dividends and distributions are not included.
Quick Verdict: RNW vs RUN vs SPWR vs ARRY
Each card shows where this stock fits in a portfolio — not just who wins on paper.
RNW is the #2 pick in this set and the best alternative if income & stability and long-term compounding is your priority.
- Dividend streak 1 yrs, beta 0.62
- -50.5% 10Y total return vs RUN's 86.7%
- Lower P/E (0.4x vs 11.7x)
- Beta 0.62 vs RUN's 2.89
RUN carries the broadest edge in this set and is the clearest fit for growth exposure.
- Rev growth 45.1%, EPS growth 113.3%, 3Y rev CAGR 8.4%
- 45.1% revenue growth vs SPWR's 2.9%
- 17.9% margin vs SPWR's -13.2%
- +86.7% vs SPWR's -42.4%
SPWR plays a supporting role in this comparison — it may shine differently against other peers.
ARRY is the clearest fit if your priority is sleep-well-at-night and defensive.
- Lower volatility, beta 2.32, current ratio 2.31x
- Beta 2.32, current ratio 2.31x
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 45.1% revenue growth vs SPWR's 2.9% | |
| Value | Lower P/E (0.4x vs 11.7x) | |
| Quality / Margins | 17.9% margin vs SPWR's -13.2% | |
| Stability / Safety | Beta 0.62 vs RUN's 2.89 | |
| Dividends | Tie | None of these 4 stocks pay a meaningful dividend |
| Momentum (1Y) | +86.7% vs SPWR's -42.4% | |
| Efficiency (ROA) | 2.5% ROA vs SPWR's -19.5%, ROIC -0.5% vs -5.3% |
RNW vs RUN vs SPWR vs ARRY — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
Segment breakdown not available.
RNW vs RUN vs SPWR vs ARRY — Financial Metrics
Side-by-side numbers across 4 stocks — who leads on profitability, valuation, growth, and risk.
Who Leads Where
RNW leads in 2 of 6 categories
RUN leads 1 • SPWR leads 0 • ARRY leads 0 • 2 tied
Explore the data ↓Income & Cash Flow (Last 12 Months)
RUN leads this category, winning 3 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
RNW is the larger business by revenue, generating $129.7B annually — 412.3x SPWR's $315M. RUN is the more profitable business, keeping 17.9% of every revenue dollar as net income compared to SPWR's -13.2%. On growth, RUN holds the edge at +43.2% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | ||||
|---|---|---|---|---|
| RevenueTrailing 12 months | $129.7B | $3.2B | $315M | $1.2B |
| EBITDAEarnings before interest/tax | $86.9B | $541M | -$6M | $95M |
| Net IncomeAfter-tax profit | $12.0B | $568M | -$42M | -$67M |
| Free Cash FlowCash after capex | -$23.8B | -$326M | -$15M | $58M |
| Gross MarginGross profit ÷ Revenue | +77.9% | +23.5% | +50.4% | +22.4% |
| Operating MarginEBIT ÷ Revenue | +48.4% | -1.8% | -2.7% | +4.5% |
| Net MarginNet income ÷ Revenue | +9.2% | +17.9% | -13.2% | -5.6% |
| FCF MarginFCF ÷ Revenue | -18.4% | -10.3% | -4.6% | +4.8% |
| Rev. Growth (YoY)Latest quarter vs prior year | +37.2% | +43.2% | -0.2% | -26.1% |
| EPS Growth (YoY)Latest quarter vs prior year | +94.8% | +2.1% | -101.3% | -7.0% |
Valuation Metrics
RNW leads this category, winning 2 of 5 comparable metrics.
Valuation Metrics
At 8.1x trailing earnings, RUN trades at a 83% valuation discount to RNW's 46.9x P/E. On an enterprise value basis, RNW's 11.3x EV/EBITDA is more attractive than RUN's 24.3x.
| Metric | ||||
|---|---|---|---|---|
| Market CapShares × price | $1.3B | $3.2B | $866M | $1.3B |
| Enterprise ValueMkt cap + debt − cash | $8.6B | $16.9B | $1.0B | $1.8B |
| Trailing P/EPrice ÷ TTM EPS | 46.91x | 8.07x | -15.25x | -11.23x |
| Forward P/EPrice ÷ next-FY EPS est. | 0.40x | 22.75x | 5.10x | 11.75x |
| PEG RatioP/E ÷ EPS growth rate | — | — | — | — |
| EV / EBITDAEnterprise value multiple | 11.27x | 24.31x | — | 13.50x |
| Price / SalesMarket cap ÷ Revenue | 1.30x | 1.09x | 2.80x | 0.98x |
| Price / BookPrice ÷ Book value/share | 1.43x | 0.75x | — | 4.80x |
| Price / FCFMarket cap ÷ FCF | — | — | — | 15.72x |
Profitability & Efficiency
Evenly matched — RUN and ARRY each lead in 3 of 9 comparable metrics.
Profitability & Efficiency
RUN delivers a 12.4% return on equity — every $100 of shareholder capital generates $12 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), RUN scores 6/9 vs RNW's 4/9, reflecting solid financial health.
| Metric | ||||
|---|---|---|---|---|
| ROE (TTM)Return on equity | +8.4% | +12.4% | — | -20.6% |
| ROA (TTM)Return on assets | +1.2% | +2.5% | -19.5% | -4.4% |
| ROICReturn on invested capital | +4.9% | -0.5% | -5.3% | +9.0% |
| ROCEReturn on capital employed | +6.9% | -0.6% | -7.2% | +8.2% |
| Piotroski ScoreFundamental quality 0–9 | 4 | 6 | 5 | 5 |
| Debt / EquityFinancial leverage | 5.59x | 2.99x | — | 2.94x |
| Net DebtTotal debt minus cash | $691.9B | $13.6B | $179M | $522M |
| Cash & Equiv.Liquid assets | $40.4B | $1.2B | $10M | $244M |
| Total DebtShort + long-term debt | $732.3B | $14.9B | $188M | $766M |
| Interest CoverageEBIT ÷ Interest expense | 86.76x | -0.02x | -1.57x | -2.42x |
Total Returns (Dividends Reinvested)
RNW leads this category, winning 4 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 $1,872 for SPWR. Over the past 12 months, RUN leads with a +86.7% total return vs SPWR's -42.4%. The 3-year compound annual growth rate (CAGR) favors RNW at 1.5% vs SPWR's -42.8% — a key indicator of consistent wealth creation.
| Metric | ||||
|---|---|---|---|---|
| YTD ReturnYear-to-date | -7.8% | -29.0% | -38.2% | -15.3% |
| 1-Year ReturnPast 12 months | -17.7% | +86.7% | -42.4% | +62.7% |
| 3-Year ReturnCumulative with dividends | +4.4% | -19.7% | -81.3% | -56.1% |
| 5-Year ReturnCumulative with dividends | -45.7% | -69.8% | -81.3% | -67.7% |
| 10-Year ReturnCumulative with dividends | -50.5% | +86.7% | -81.3% | -77.5% |
| CAGR (3Y)Annualised 3-year return | +1.5% | -7.1% | -42.8% | -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 RUN's 2.89 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. ARRY currently trades 67.0% from its 52-week high vs SPWR's 44.9% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||||
|---|---|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.62x | 2.89x | 2.13x | 2.32x |
| 52-Week HighHighest price in past year | $8.24 | $22.44 | $2.27 | $12.23 |
| 52-Week LowLowest price in past year | $4.38 | $5.38 | $0.81 | $4.92 |
| % of 52W HighCurrent price vs 52-week peak | +65.5% | +61.5% | +44.9% | +67.0% |
| RSI (14)Momentum oscillator 0–100 | 64.1 | 49.0 | 45.9 | 56.4 |
| Avg Volume (50D)Average daily shares traded | 734K | 10.4M | 1.7M | 6.0M |
Analyst Outlook
Insufficient data to determine a leader in this category.
Analyst Outlook
Analyst consensus: RNW as "Buy", RUN as "Buy", SPWR as "Hold", ARRY as "Buy". Consensus price targets imply 1450.0% upside for SPWR (target: $16) vs 11.8% for ARRY (target: $9).
| Metric | ||||
|---|---|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy | Hold | Buy |
| Price TargetConsensus 12-month target | $6.52 | $18.14 | $15.81 | $9.17 |
| # AnalystsCovering analysts | 6 | 36 | 45 | 28 |
| Dividend YieldAnnual dividend ÷ price | — | — | — | — |
| Dividend StreakConsecutive years of raises | 1 | 1 | 1 | 1 |
| Dividend / ShareAnnual DPS | — | — | — | — |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | 0.0% | 0.0% | 0.0% |
RNW leads in 2 of 6 categories (Valuation Metrics, Total Returns). RUN leads in 1 (Income & Cash Flow). 2 tied.
RNW vs RUN vs SPWR vs ARRY: Key Questions Answered
10 questions · data-driven answers · updated daily
01Is RNW or RUN or SPWR or ARRY a better buy right now?
For growth investors, Sunrun Inc.
(RUN) is the stronger pick with 45. 1% revenue growth year-over-year, versus 2. 9% for SunPower Inc. (SPWR). Sunrun Inc. (RUN) offers the better valuation at 8. 1x trailing P/E (22. 8x 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 RUN or SPWR or ARRY?
On trailing P/E, Sunrun Inc.
(RUN) is the cheapest at 8. 1x versus ReNew Energy Global Plc at 46. 9x. On forward P/E, ReNew Energy Global Plc is actually cheaper at 0. 4x — notably different from the trailing picture, reflecting expected earnings growth.
03Which is the better long-term investment — RNW or RUN or SPWR or ARRY?
Over the past 5 years, ReNew Energy Global Plc (RNW) delivered a total return of -45.
7%, compared to -81. 3% for SunPower Inc. (SPWR). Over 10 years, the gap is even starker: RUN returned +86. 7% versus SPWR's -81. 3%. 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 RUN or SPWR or ARRY?
By beta (market sensitivity over 5 years), ReNew Energy Global Plc (RNW) is the lower-risk stock at 0.
62β versus Sunrun Inc. 's 2. 89β — meaning RUN is approximately 364% 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 RUN or SPWR or ARRY?
By revenue growth (latest reported year), Sunrun Inc.
(RUN) is pulling ahead at 45. 1% versus 2. 9% for SunPower Inc. (SPWR). On earnings-per-share growth, the picture is similar: Sunrun Inc. grew EPS 113. 3% year-over-year, compared to 0. 0% for SunPower Inc.. Over a 3-year CAGR, SPWR leads at 65. 3% 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 RUN or SPWR or ARRY?
Sunrun Inc.
(RUN) is the more profitable company, earning 15. 2% net margin versus -10. 5% for SunPower Inc. — meaning it keeps 15. 2% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: RNW leads at 53. 5% versus -4. 3% for RUN. 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 RUN or SPWR or ARRY more undervalued right now?
On forward earnings alone, ReNew Energy Global Plc (RNW) trades at 0.
4x forward P/E versus 22. 8x for Sunrun Inc. — 22. 4x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for SPWR: 1450. 0% to $15. 81.
08Which pays a better dividend — RNW or RUN or SPWR 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 RUN or SPWR 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)). SunPower Inc. (SPWR) carries a higher beta of 2. 13 — 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%, SPWR: -81. 3%), 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 RUN and SPWR and ARRY?
These companies operate in different sectors (RNW (Utilities) and RUN (Energy) and SPWR (Energy) and ARRY (Energy)), which means they face different economic cycles, regulatory environments, and macro sensitivities — making direct comparison nuanced.
In terms of investment character: RNW is a small-cap high-growth stock; RUN is a small-cap high-growth stock; SPWR is a small-cap quality compounder stock; ARRY is a small-cap high-growth stock. 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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