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.
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