MGE Energy (MGEE) vs ReNew Energy Global (RNW)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
ReNew Energy Global (RNW) has outperformed MGE Energy (MGEE) over the past year, losing 14.9% versus a loss of 15.9%. Over five years, MGEE leads with a -6.5% price change compared with -18.8% for RNW. MGE Energy is the larger company by market cap ($2.67 billion vs $2.51 billion), about 1.1 times the size, while ReNew Energy Global is growing revenue faster (+16.4% vs +9.9%).
On valuation, ReNew Energy Global trades at a lower forward P/E (9.9x vs 16.9x for MGE Energy). MGE Energy pays a dividend yielding 2.69%, while ReNew Energy Global does not currently pay one. MGE Energy converts more of its revenue into profit, with a net margin of 18.3% versus 4.0%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | MGEE | RNW |
|---|---|---|
| Share price | $70.72 | $6.90 |
| Market cap | $2.67B | $2.51B |
| 1-day change | +0.46% | +0.07% |
| YTD return | -10.24% | +21.95% |
| 1-year return | -15.87% | -14.94% |
| 5-year return | -6.53% | -18.85% |
| P/E ratio (TTM) | 17.37 | 20.89 |
| Forward P/E | 16.86 | 9.92 |
| EPS (TTM) | $4.07 | $0.33 |
| Dividend yield | 2.69% | 0.00% |
| Annual dividend | $1.90 | $0.00 |
| Revenue (latest FY) | $743.65M | $1.14B |
| Revenue growth (YoY) | +9.85% | +16.39% |
| Net income (latest FY) | $135.89M | $45.00M |
| Operating margin | 22.95% | 10.39% |
| Net margin | 18.27% | 3.96% |
| 52-week high | $87.94 | $8.16 |
| 52-week low | $68.01 | $4.39 |
| Distance from 52-week high | -19.59% | -15.50% |
| Analyst consensus | hold | buy |
| Avg. price target upside | +8.60% | +10.08% |
| Average volume | 180.19K | 2.14M |
| Shares outstanding | 37.75M | 246.20M |
| Employees | 726 | 4,720 |
| Sector | Energy | Utilities |
| Industry | Electric Utilities: Central | Electric Utilities: Central |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- MGE Energy offers a meaningfully higher dividend yield (2.69% vs 0.00%).
- MGE Energy is more profitable, keeping 18.3 cents of every revenue dollar as net income versus 4.0 cents for ReNew Energy Global.
- ReNew Energy Global grew revenue faster in its latest fiscal year (+16.39% vs +9.85%).
- The two companies sit in different sectors: MGE Energy in Energy and ReNew Energy Global in Utilities.
About MGE Energy
MGEE stock →MGE Energy, Inc., through its subsidiaries, operates as a public utility holding company in the United States. It operates through Regulated Electric Utility Operations; Regulated Gas Utility Operations; Nonregulated Energy Operations; Transmission Investments; and All Other segments.
Energy · Electric Utilities: Central · 726 employees
About ReNew Energy Global
RNW stock →ReNew Energy Global Plc, together with its subsidiaries, engages in the generation of power through non-conventional and renewable energy sources in India. It operates through two segments, Generation and Sale of Renewable Power, and Manufacturing of Power Equipment's.
Utilities · Electric Utilities: Central · 4,720 employees
MGEE vs RNW FAQ
Which is bigger, MGE Energy or ReNew Energy Global?
MGE Energy (MGEE) is larger, with a market capitalization of $2.67B compared with $2.51B for ReNew Energy Global (RNW).
Which stock has performed better over the past year, MGEE or RNW?
RNW returned -14.94% over the past 12 months, compared with -15.87% for MGEE (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, MGEE or RNW?
MGEE has the lower trailing P/E at 17.4, versus 20.9 for RNW. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, MGE Energy or ReNew Energy Global?
MGE Energy pays a dividend yielding 2.69%, while ReNew Energy Global does not currently pay a regular dividend.
Are MGE Energy and ReNew Energy Global in the same industry?
Yes. Both are classified in the Electric Utilities: Central industry within the Energy sector.