GAM Holding AG purchased a new stake in ReNew Energy Global PLC (NASDAQ:RNW - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 160,000 shares of the company's stock, valued at approximately $942,000.
Other hedge funds have also modified their holdings of the company. Point72 Asset Management L.P. acquired a new stake in shares of ReNew Energy Global in the 4th quarter valued at approximately $25,000. BNP Paribas Financial Markets acquired a new stake in shares of ReNew Energy Global in the 4th quarter valued at approximately $25,000. Summit Securities Group LLC acquired a new position in ReNew Energy Global during the fourth quarter worth $34,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in ReNew Energy Global during the fourth quarter worth $52,000. Finally, Signaturefd LLC acquired a new position in ReNew Energy Global during the fourth quarter worth $65,000. 43.56% of the stock is owned by institutional investors and hedge funds.
ReNew Energy Global Price Performance
RNW stock traded down $0.15 during midday trading on Friday, hitting $6.55. 1,323,213 shares of the stock were exchanged, compared to its average volume of 975,347. The stock's 50-day moving average price is $6.63 and its 200-day moving average price is $6.52. The stock has a market cap of $2.38 billion, a price-to-earnings ratio of 40.94 and a beta of 0.89. ReNew Energy Global PLC has a fifty-two week low of $5.15 and a fifty-two week high of $7.49. The company has a debt-to-equity ratio of 4.44, a quick ratio of 0.58 and a current ratio of 0.60.
About ReNew Energy Global
(
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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