ReNew Energy Global (NASDAQ: RNW) is considered an oversold stock to buy now. Roth Capital and Mizuho both adjusted their price targets for RNW following the withdrawal of Masdar from the investor consortium intending to take the company private. Mizuho now bases its valuation on next-12-month EBITDA multiples for RNW’s power generation and manufacturing segments through FY2028. RNW focuses on generating power through renewable energy sources in India, operating in five segments including wind, solar, and hydro power. Despite the potential, some believe other AI stocks offer better investment opportunities.

Read more at Yahoo Finance: Roth Capital Notes Unexpected Cancellation of ReNew Energy (RNW) Take-Private Deal Following Masdar Withdrawal