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Renova rises to 5th in "increasing sell predictions" among retail investors: Minkabu
As of 2:00 p.m. on the 15th, RENOVA,Inc. <9519> ranked 5th in "Increasing Sell Predictions" according to Minkabu's aggregation of "Individual Investor Predictions (Latest 48 Hours)".
The company's main businesses are the development and operation of renewable energy power plants and the provision of decarbonization solutions. Following attacks on Iran by the United States and Israel, and Iran's subsequent blockade of the Strait of Hormuz, global energy prices have soared, increasing attention to the company's business model. The stock price had surged since March.
Additionally, on March 27, the company raised its consolidated earnings forecast for the fiscal year ending March 2026, revising net income upward from \1.5 billion to \2.8 billion (up 4.2% year-on-year), further accelerating the stock's rise. However, with the share price having climbed nearly 40% since March, concerns about overvaluation at high levels have emerged, which appears to be contributing to the increase in sell predictions.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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