GAM Holding AG purchased a new position in shares of ReNew Energy Global PLC (NASDAQ:RNW - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 160,000 shares of the company's stock, valued at approximately $942,000.
A number of other institutional investors also recently made changes to their positions in RNW. Point72 Asset Management L.P. bought a new position in ReNew Energy Global during the fourth quarter valued at about $25,000. BNP Paribas Financial Markets acquired a new stake in ReNew Energy Global in the 4th quarter valued at about $25,000. Summit Securities Group LLC bought a new position in shares of ReNew Energy Global during the 4th quarter valued at about $34,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of ReNew Energy Global during the 4th quarter valued at about $52,000. Finally, Signaturefd LLC acquired a new position in shares of ReNew Energy Global in the 4th quarter worth approximately $65,000. 43.56% of the stock is owned by institutional investors and hedge funds.
ReNew Energy Global Price Performance
RNW stock traded down $0.03 on Wednesday, hitting $6.72. 610,058 shares of the company's stock traded hands, compared to its average volume of 968,979. The stock has a market cap of $2.44 billion, a price-to-earnings ratio of 42.19 and a beta of 0.89. ReNew Energy Global PLC has a 1-year low of $5.15 and a 1-year high of $7.49. The company has a current ratio of 0.60, a quick ratio of 0.58 and a debt-to-equity ratio of 4.44. The stock has a fifty day moving average of $6.65 and a 200-day moving average of $6.53.
ReNew Energy Global Company Profile
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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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