Alpine Global Management LLC Makes New $990,000 Investment in ReNew Energy Global Plc (NASDAQ:RNW)

Alpine Global Management LLC acquired a new stake in ReNew Energy Global Plc (NASDAQ:RNW - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 145,000 shares of the company's stock, valued at approximately $990,000.

Other institutional investors have also modified their holdings of the company. Vident Advisory LLC acquired a new position in ReNew Energy Global during the fourth quarter worth approximately $206,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of ReNew Energy Global in the fourth quarter valued at $52,000. Point72 Asset Management L.P. purchased a new position in shares of ReNew Energy Global in the fourth quarter valued at $25,000. Millennium Management LLC boosted its stake in shares of ReNew Energy Global by 8.9% in the fourth quarter. Millennium Management LLC now owns 5,169,576 shares of the company's stock valued at $35,308,000 after purchasing an additional 420,831 shares during the period. Finally, D. E. Shaw & Co. Inc. boosted its stake in shares of ReNew Energy Global by 61.7% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 87,771 shares of the company's stock valued at $599,000 after purchasing an additional 33,475 shares during the period. Institutional investors and hedge funds own 43.56% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Roth Mkm reduced their price objective on shares of ReNew Energy Global from $8.00 to $7.50 and set a "buy" rating on the stock in a research note on Friday, February 21st.

ReNew Energy Global Stock Up 1.6%

NASDAQ RNW traded up $0.11 during trading hours on Tuesday, reaching $7.00. 778,177 shares of the company traded hands, compared to its average volume of 984,676. The stock has a market capitalization of $2.54 billion, a PE ratio of 140.00 and a beta of 0.88. ReNew Energy Global Plc has a 12 month low of $5.15 and a 12 month high of $7.49. The company has a 50 day moving average of $6.29 and a two-hundred day moving average of $6.38. The company has a current ratio of 0.60, a quick ratio of 0.64 and a debt-to-equity ratio of 4.74.

About ReNew Energy Global

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.