Groupe la Francaise Takes Position in ReNew Energy Global PLC $RNW

Key Points

• Groupe la Francaise acquired a new stake in ReNew Energy Global PLC, purchasing 316,309 shares valued at approximately $1.89 million during the first quarter.
• ReNew Energy Global reported earnings of $0.16 EPS for the quarter, exceeding analysts' expectations of $0.11.
• The company's current market capitalization stands at $2.83 billion with a PE ratio of 24.34 and a debt-to-equity ratio of 4.42.

Groupe la Francaise acquired a new position in ReNew Energy Global PLC (NASDAQ:RNW - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 316,309 shares of the company's stock, valued at approximately $1,892,000. Groupe la Francaise owned about 0.09% of ReNew Energy Global as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in RNW. Barclays PLC raised its holdings in ReNew Energy Global by 21.8% during the 4th quarter. Barclays PLC now owns 32,123 shares of the company's stock valued at $219,000 after buying an additional 5,742 shares during the last quarter. Mariner LLC grew its position in shares of ReNew Energy Global by 22.7% in the 4th quarter. Mariner LLC now owns 31,340 shares of the company's stock worth $214,000 after buying an additional 5,801 shares during the period. XTX Topco Ltd purchased a new stake in shares of ReNew Energy Global in the 4th quarter worth about $232,000. Hsbc Holdings PLC grew its position in shares of 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 buying an additional 4,799 shares during the period. Finally, Tudor Investment Corp ET AL grew its position in shares of ReNew Energy Global by 25.7% in the 4th quarter. Tudor Investment Corp ET AL now owns 140,191 shares of the company's stock worth $958,000 after buying an additional 28,633 shares during the period. 43.56% of the stock is currently owned by institutional investors.

ReNew Energy Global Stock Down 2.5%

RNW stock traded down $0.19 during trading on Thursday, hitting $7.52. 1,168,015 shares of the stock traded hands, compared to its average volume of 968,894. ReNew Energy Global PLC has a 1 year low of $5.15 and a 1 year high of $7.89. The firm's 50 day moving average is $7.43 and its two-hundred day moving average is $6.76. The stock has a market cap of $2.73 billion, a price-to-earnings ratio of 23.50 and a beta of 0.89. The company has a debt-to-equity ratio of 4.42, a current ratio of 0.77 and a quick ratio of 0.73.

ReNew Energy Global (NASDAQ:RNW - Get Free Report) last announced its quarterly earnings data on Wednesday, August 13th. The company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.11 by $0.05. ReNew Energy Global had a net margin of 5.77% and a return on equity of 8.34%. The company had revenue of $480.35 million for the quarter, compared to the consensus estimate of $32.46 billion. On average, sell-side analysts anticipate that ReNew Energy Global PLC will post 0.15 EPS for the current year.

ReNew Energy Global Profile

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.