Alpine Global Management LLC purchased a new stake in shares of ReNew Energy Global Plc (NASDAQ:RNW - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 145,000 shares of the company's stock, valued at approximately $990,000.
Several other hedge funds have also bought and sold shares of RNW. Silphium Asset Management Ltd bought a new position in ReNew Energy Global in the 4th quarter worth approximately $2,049,000. Helikon Investments Ltd bought a new stake in ReNew Energy Global in the 4th quarter valued at $15,055,000. Norges Bank purchased a new stake in ReNew Energy Global in the 4th quarter worth $4,107,000. State of New Jersey Common Pension Fund D purchased a new stake in ReNew Energy Global in the 4th quarter worth $4,436,000. Finally, Counterpoint Mutual Funds LLC purchased a new position in ReNew Energy Global during the 4th quarter valued at approximately $328,000. Institutional investors own 43.56% of the company's stock.
ReNew Energy Global Trading Down 2.1%
Shares of ReNew Energy Global stock traded down $0.15 on Wednesday, reaching $6.86. The company had a trading volume of 225,110 shares, compared to its average volume of 981,830. The firm has a market cap of $2.49 billion, a price-to-earnings ratio of 137.10 and a beta of 0.88. The company has a debt-to-equity ratio of 4.74, a current ratio of 0.60 and a quick ratio of 0.64. The firm's 50-day moving average price is $6.31 and its two-hundred day moving average price is $6.38. ReNew Energy Global Plc has a 1 year low of $5.15 and a 1 year high of $7.49.
Wall Street Analysts Forecast Growth
Separately, Roth Mkm reduced their target price on shares of ReNew Energy Global from $8.00 to $7.50 and set a "buy" rating on the stock in a report on Friday, February 21st.
Check Out Our Latest Report on RNW
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.
Read More
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
Almost everyone loves strong dividend-paying stocks, but high yields can signal danger. Discover 20 high-yield dividend stocks paying an unsustainably large percentage of their earnings. Enter your email to get this report and avoid a high-yield dividend trap.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
