Streetbeat News

RNLSY

Renault S.A.

https://group.renault.com/

CEO

Luca de Meo

Industry

Automobile Manufacturing

Open

10.43

Mkt cap

15B

Volume

4.4K

High

10.51

P/E Ratio

18.71

52-wk high

11.72

Low

10.43

Div yield

0.04

52-wk low

7.82

Renault's low-cost brand Dacia plans to expand its electric vehicle lineup, starting with the next Sandero model by the end of 2027, as announced by CEO Denis Le Vot.

Portfolio Pulse from

January 16, 2025 | 10:15 am

Renault reported a 1.3% increase in sales for 2024, driven by strong performance in the fourth quarter and new hybrid vehicle launches, which helped counterbalance earlier weak demand.

Portfolio Pulse from

January 16, 2025 | 6:30 am

Renault Group has expressed concerns that pooling CO2 emissions among automakers could weaken the European car industry. The company is committed to meeting the EU's 2025 CO2 emissions rules and is seeking clarity on the issue.

Portfolio Pulse from

January 08, 2025 | 9:15 am

Renault's Dacia brand has reduced the price of its low-cost electric vehicle by 2,000 euros in France. This move is part of a broader strategy to boost stagnant EV sales in Europe amid tightening emissions regulations.

Portfolio Pulse from

January 07, 2025 | 11:00 am

Renault, Nissan's largest shareholder, is open to Nissan pursuing merger talks with Honda, according to Bloomberg News.

Portfolio Pulse from

December 18, 2024 | 10:45 am

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

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