Robeco Institutional Asset Management B.V. boosted its position in shares of ReNew Energy Global PLC (NASDAQ:RNW - Free Report) by 158.4% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 100,404 shares of the company's stock after acquiring an additional 61,543 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in ReNew Energy Global were worth $591,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. TT International Asset Management LTD raised its position in shares of ReNew Energy Global by 102.7% during the first quarter. TT International Asset Management LTD now owns 301,392 shares of the company's stock valued at $1,775,000 after buying an additional 152,691 shares during the last quarter. GAM Holding AG bought a new stake in shares of ReNew Energy Global during the first quarter valued at approximately $942,000. Alpine Global Management LLC bought a new stake in shares of ReNew Energy Global during the fourth quarter valued at approximately $990,000. Norges Bank bought a new stake in shares of ReNew Energy Global during the fourth quarter valued at approximately $4,107,000. Finally, Counterpoint Mutual Funds LLC bought a new stake in shares of ReNew Energy Global during the fourth quarter valued at approximately $328,000. Institutional investors own 43.56% of the company's stock.
ReNew Energy Global Price Performance
Shares of ReNew Energy Global stock traded up $0.66 on Friday, hitting $7.58. 5,411,657 shares of the company traded hands, compared to its average volume of 981,043. The business has a 50-day simple moving average of $6.77 and a 200 day simple moving average of $6.53. ReNew Energy Global PLC has a 52 week low of $5.15 and a 52 week high of $7.67. The company has a debt-to-equity ratio of 4.44, a quick ratio of 0.58 and a current ratio of 0.60. The stock has a market capitalization of $2.75 billion, a P/E ratio of 47.35 and a beta of 0.88.
ReNew Energy Global 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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