Daymark Wealth Partners LLC Sells 543,524 Shares of ReNew Energy Global Plc (NASDAQ:RNW)

Daymark Wealth Partners LLC lessened its stake in shares of ReNew Energy Global Plc (NASDAQ:RNW - Free Report) by 41.7% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 759,755 shares of the company's stock after selling 543,524 shares during the period. Daymark Wealth Partners LLC owned 0.21% of ReNew Energy Global worth $4,475,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of RNW. Point72 Asset Management L.P. bought a new stake in ReNew Energy Global during the 4th quarter valued at $25,000. BNP Paribas Financial Markets bought a new stake in ReNew Energy Global during the 4th quarter valued at $25,000. Summit Securities Group LLC bought a new stake in ReNew Energy Global during the 4th quarter valued at $34,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of ReNew Energy Global in the 4th quarter worth $52,000. Finally, Signaturefd LLC bought a new stake in shares of ReNew Energy Global in the 4th quarter worth $65,000. Institutional investors and hedge funds own 43.56% of the company's stock.

ReNew Energy Global Stock Performance

NASDAQ RNW traded down $0.20 during trading on Wednesday, hitting $6.80. 1,006,744 shares of the company's stock traded hands, compared to its average volume of 974,392. The stock has a market capitalization of $2.47 billion, a price-to-earnings ratio of 136.00 and a beta of 0.89. ReNew Energy Global Plc has a 12-month low of $5.15 and a 12-month high of $7.49. The company has a debt-to-equity ratio of 4.74, a quick ratio of 0.64 and a current ratio of 0.60. The business has a 50 day moving average of $6.49 and a 200-day moving average of $6.48.

Analyst Upgrades and Downgrades

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

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.