TT International Asset Management LTD lifted its holdings in ReNew Energy Global PLC (NASDAQ:RNW - Free Report) by 102.7% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 301,392 shares of the company's stock after purchasing an additional 152,691 shares during the quarter. TT International Asset Management LTD owned 0.08% of ReNew Energy Global worth $1,775,000 at the end of the most recent quarter.
Several other institutional investors have also bought and sold shares of RNW. Point72 Asset Management L.P. purchased a new stake in ReNew Energy Global during the fourth quarter valued at approximately $25,000. BNP Paribas Financial Markets purchased a new position in ReNew Energy Global during the fourth quarter worth $25,000. Summit Securities Group LLC bought a new position in ReNew Energy Global during the fourth quarter valued at $34,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of ReNew Energy Global in the fourth quarter valued at $52,000. Finally, Signaturefd LLC purchased a new position in shares of ReNew Energy Global during the 4th quarter worth about $65,000. Institutional investors own 43.56% of the company's stock.
ReNew Energy Global Trading Up 2.0%
RNW stock traded up $0.13 during trading on Tuesday, hitting $6.75. The company had a trading volume of 494,161 shares, compared to its average volume of 972,378. The firm has a market capitalization of $2.45 billion, a P/E ratio of 42.19 and a beta of 0.89. The company has a quick ratio of 0.58, a current ratio of 0.60 and a debt-to-equity ratio of 4.44. ReNew Energy Global PLC has a 52-week low of $5.15 and a 52-week high of $7.49. The company has a 50 day simple moving average of $6.64 and a 200-day simple moving average of $6.53.
ReNew Energy Global Profile
(
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.
Further Reading
Before you consider ReNew Energy Global, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and ReNew Energy Global wasn't on the list.
While ReNew Energy Global currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to profit from the electric vehicle mega-trend? Enter your email address and we'll send you our list of which EV stocks show the most long-term potential.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
