Alpine Global Management LLC acquired a new stake in shares of ReNew Energy Global Plc (NASDAQ:RNW - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 145,000 shares of the company's stock, valued at approximately $990,000.
Other institutional investors and hedge funds have also modified their holdings of the company. Summit Securities Group LLC acquired a new stake in ReNew Energy Global during the fourth quarter valued at $34,000. Signaturefd LLC acquired a new stake in shares of ReNew Energy Global during the 4th quarter valued at about $65,000. SG Americas Securities LLC purchased a new position in shares of ReNew Energy Global in the 4th quarter valued at about $75,000. Ballentine Partners LLC acquired a new position in ReNew Energy Global in the 4th quarter worth about $107,000. Finally, Hsbc Holdings PLC boosted its position in ReNew Energy Global by 40.3% during the fourth quarter. Hsbc Holdings PLC now owns 16,710 shares of the company's stock worth $115,000 after purchasing an additional 4,799 shares in the last quarter. Institutional investors and hedge funds own 43.56% of the company's stock.
ReNew Energy Global Price Performance
RNW traded up $0.01 during midday trading on Friday, hitting $6.52. 363,555 shares of the company traded hands, compared to its average volume of 1,065,921. The business has a 50 day simple moving average of $6.12 and a two-hundred day simple moving average of $6.26. ReNew Energy Global Plc has a 52-week low of $5.15 and a 52-week high of $7.49. The company has a market capitalization of $2.36 billion, a price-to-earnings ratio of 130.40 and a beta of 0.89. The company has a current ratio of 0.60, a quick ratio of 0.64 and a debt-to-equity ratio of 4.74.
ReNew Energy Global (NASDAQ:RNW - Get Free Report) last released its quarterly earnings results on Tuesday, February 18th. The company reported ($0.11) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.07). ReNew Energy Global had a return on equity of 1.75% and a net margin of 2.17%. The company had revenue of $248.00 million for the quarter, compared to analyst estimates of $20.22 billion. On average, equities analysts forecast that ReNew Energy Global Plc will post 0.15 earnings per share for the current fiscal year.
Analysts Set New Price Targets
Separately, Roth Mkm cut their price objective on ReNew Energy Global from $8.00 to $7.50 and set a "buy" rating for the company in a research report on Friday, February 21st.
Check Out Our Latest Research Report on ReNew Energy Global
ReNew Energy Global Company Profile
(
Free Report)
ReNew Energy Global Plc generates power through non-conventional and renewable energy sources in India. The company operates through two segments: Wind Power and Solar Power. It develops, builds, owns, and operates utility scale wind and solar energy, hydro energy, and utility-scale firm power projects, as well as distributed solar energy projects that generate energy for commercial and industrial customers.
Featured Stories
Before you consider ReNew Energy Global, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and ReNew Energy Global wasn't on the list.
While ReNew Energy Global currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
