Streetbeat News

RNLSY

Renault S.A.

https://group.renault.com/

CEO

Luca de Meo

Industry

Automobile Manufacturing

Open

8.66

Mkt cap

12B

Volume

11K

High

8.66

P/E Ratio

8.06

52-wk high

11.72

Low

8.62

Div yield

0.05

52-wk low

7.25

Volkswagen and other European automakers like BMW, Mercedes-Benz, Stellantis, and Renault are facing significant challenges, including underutilized factories and competition from Chinese EV makers like BYD. Volkswagen is considering plant closures, and Stellantis is halting production of its electric Fiat 500e due to declining demand. The European auto industry is struggling to compete with Chinese automakers, who are planning to establish factories in Europe to avoid tariffs.

Portfolio Pulse from Upwallstreet

September 20, 2024 | 2:06 pm

Plug Power Inc. (PLUG) shares are trading lower today following the European Commission's approval of the joint control of HyVia by Renault SA and Plug Power France. The transaction involves the production and supply of fuel cell light commercial vehicles and hydrogen refueling stations. Despite the approval, PLUG shares have lost over 76% in the past year. Investors can gain exposure to the stock via Global X Hydrogen ETF (HYDR) and ETF Series Solutions Defiance Next Gen H2 ETF (HDRO).

Portfolio Pulse from Lekha Gupta

July 15, 2024 | 4:04 pm

Volkswagen has exited discussions with Renault on a joint affordable EV project. Renault will continue developing the electric Twingo independently, while Volkswagen plans its own low-cost EV strategy. This development highlights the competitive pressure from Chinese automakers in the European market.

Portfolio Pulse from Shivani Kumaresan

May 17, 2024 | 3:52 pm

Nissan Motor Co Ltd (OTC:NSANY) is investing in Renault SA's (OTC:RNLSY) EV unit, Ampere, and considering a partnership with Honda Motor Co Ltd (NYSE:HMC) to compete against rivals like Tesla Inc (NASDAQ:TSLA) and BYD Company Limited (OTC:BYDDY). Renault plans to sell a 2.5% stake in Nissan, aiming to reduce its stake from 43% to 15%. Nissan's new business plan, The Arc, includes launching 30 new models by May 2027, with 16 being electric, and aims to lower the cost of next-generation EVs by 30%.

Portfolio Pulse from Upwallstreet

March 27, 2024 | 4:06 pm

Renault SA plans to sell up to 100.24 million shares of Nissan Motor Co, representing about 2.5% of Nissan's capital. This follows a previous sale and is part of Nissan's share buyback program. Nissan will cancel all acquired shares, potentially benefiting its shareholders. The sale could result in a €362 million cash inflow for Renault, improving its financial position. RNLSY shares recently closed higher by 1.93% at $10.02.

Portfolio Pulse from Shivani Kumaresan

March 27, 2024 | 12:16 pm

The European auto industry, represented by the ACEA and led by Renault CEO Luca de Meo, has agreed not to contest the EU's decision to ban fossil-fuel vehicles by 2035. This decision is seen as a significant step towards the global transition to electric vehicles (EVs), despite challenges such as the need for more government subsidies and a widespread charging infrastructure. The industry's acceptance of the ban reflects a commitment to reducing reliance on fossil fuels, amidst slowing EV demand and competition from affordable Chinese models.

Portfolio Pulse from Benzinga Neuro

February 27, 2024 | 10:56 am

Renault Group has postponed the IPO of its EV and software arm Ampere due to unfavorable stock market conditions. Initially planned for the first half of 2024, Renault now aims to fund Ampere until it reaches breakeven in 2025. The decision follows Renault's ability to generate sustainable cash flow, as demonstrated by its 2023 results. Ampere will concentrate on reducing EV costs and launching new vehicles.

Portfolio Pulse from Anan Ashraf

January 30, 2024 | 9:15 am

Renault SA (OTC:RNLSY) has reported a 9% increase in global sales volume for 2023, with significant growth in Europe. The Renault brand saw a 9.4% increase, Dacia 14.7%, and Alpine 22.1%. Electrified models made up 39.7% of Renault brand sales. The company expects stable markets in Europe and Latin America in 2024, but a decline in Eurasia. Renault plans to launch new all-electric models in 2024 and aims to maintain its performance level.

Portfolio Pulse from Lekha Gupta

January 17, 2024 | 3:09 pm

Renault SA is aggressively targeting the electric vehicle (EV) market by reducing the price of its Megane model by 10% to compete with Tesla in France. Renault's sales director for France, Ivan Segal, emphasized the brand's 2024 focus on the EV segment. The price cut makes the Megane more affordable than Tesla's Model 3 and the Chinese MG4, considering state bonuses. Renault, along with Nissan, has been overshadowed by new entrants in the EV market. Renault sold 18,000 electric Megane units in France in 2023, while Tesla sold 25,000 Model 3s and over 37,000 Model Ys. Renault plans to launch new electric models, the Scenic and R5, to replace the Zoe and Twingo. Renault's stock (RNLSY) was down 1.2% at the last check.

Portfolio Pulse from Nabaparna Bhattacharya

January 11, 2024 | 5:34 pm

Renault SA is in talks with potential partners, including Volkswagen AG, to develop the new Twingo electric vehicle (EV), aiming to finalize a partner by early 2024. Renault's finance chief highlighted the goal of democratizing the EV market with the Twingo EV 'Legend', priced under €20,000. The average retail price of an EV in Europe is significantly higher than in China, as reported by JATO Dynamics. Renault's shares (RNLSY) saw a slight decline of 0.45% to $8.11.

Portfolio Pulse from Shivani Kumaresan

December 11, 2023 | 5:01 pm

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