Carrera Capital Advisors Invests $737,000 in ReNew Energy Global PLC (NASDAQ:RNW)

Key Points

• Carrera Capital Advisors has acquired a new stake in ReNew Energy Global PLC, purchasing 125,099 shares valued at approximately $737,000.
• Institutional investors collectively own 43.56% of ReNew Energy Global's stock, indicating strong interest from large financial entities.
• As of the latest market data, ReNew Energy Global's shares opened at $7.47, with a market capitalization of $2.71 billion.

Carrera Capital Advisors bought a new position in shares of ReNew Energy Global PLC (NASDAQ:RNW - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 125,099 shares of the company's stock, valued at approximately $737,000.

Several other hedge funds have also recently bought and sold shares of the business. Point72 Asset Management L.P. acquired a new stake in shares of ReNew Energy Global in the fourth quarter valued at about $25,000. BNP Paribas Financial Markets acquired a new stake in ReNew Energy Global in the 4th quarter worth $25,000. Hsbc Holdings PLC grew its position in ReNew Energy Global by 40.3% in the 4th quarter. Hsbc Holdings PLC now owns 16,710 shares of the company's stock worth $115,000 after purchasing an additional 4,799 shares during the last quarter. Summit Securities Group LLC acquired a new stake in ReNew Energy Global in the 4th quarter worth $34,000. Finally, Barclays PLC grew its position in ReNew Energy Global by 21.8% in the 4th quarter. Barclays PLC now owns 32,123 shares of the company's stock worth $219,000 after purchasing an additional 5,742 shares during the last quarter. 43.56% of the stock is owned by institutional investors and hedge funds.

ReNew Energy Global Stock Performance

RNW stock traded up $0.05 during trading on Thursday, reaching $7.57. 144,234 shares of the stock were exchanged, compared to its average volume of 994,933. ReNew Energy Global PLC has a twelve month low of $5.15 and a twelve month high of $7.76. The company has a market capitalization of $2.74 billion, a P/E ratio of 47.28 and a beta of 0.88. The stock has a 50 day simple moving average of $7.12 and a 200-day simple moving average of $6.62. The company has a current ratio of 0.60, a quick ratio of 0.58 and a debt-to-equity ratio of 4.44.

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.