ReNew Energy Global Plc (NASDAQ:RNW) Shares Bought by Millennium Management LLC

Millennium Management LLC raised its position in ReNew Energy Global Plc (NASDAQ:RNW - Free Report) by 8.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,169,576 shares of the company's stock after acquiring an additional 420,831 shares during the quarter. Millennium Management LLC owned approximately 1.43% of ReNew Energy Global worth $35,308,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of RNW. BNP Paribas Financial Markets acquired a new stake in shares of ReNew Energy Global in the fourth quarter valued at $25,000. Summit Securities Group LLC purchased a new stake in ReNew Energy Global during the 4th quarter worth about $34,000. Signaturefd LLC purchased a new stake in ReNew Energy Global during the 4th quarter worth about $65,000. SG Americas Securities LLC acquired a new stake in ReNew Energy Global in the 4th quarter valued at about $75,000. Finally, Bank of America Corp DE boosted its stake in shares of ReNew Energy Global by 722.2% in the 4th quarter. Bank of America Corp DE now owns 15,621 shares of the company's stock valued at $107,000 after buying an additional 13,721 shares during the period. 43.56% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

ReNew Energy Global Stock Down 1.2%

Shares of NASDAQ:RNW traded down $0.08 during trading hours on Thursday, reaching $6.79. The stock had a trading volume of 385,429 shares, compared to its average volume of 981,795. ReNew Energy Global Plc has a 1 year low of $5.15 and a 1 year high of $7.49. The firm's 50 day moving average is $6.25 and its 200-day moving average is $6.34. The stock has a market capitalization of $2.46 billion, a price-to-earnings ratio of 135.80 and a beta of 0.88. The company has a debt-to-equity ratio of 4.74, a quick ratio of 0.64 and a current ratio of 0.60.

ReNew Energy Global (NASDAQ:RNW - Get Free Report) last posted its earnings results on Tuesday, February 18th. The company reported ($0.11) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.07). ReNew Energy Global had a net margin of 2.17% and a return on equity of 1.75%. The business had revenue of $248.00 million during the quarter, compared to analysts' expectations of $20.22 billion. Research analysts predict that ReNew Energy Global Plc will post 0.15 earnings per share for the current fiscal year.

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.