ReNew Energy Global PLC (NASDAQ:RNW) Stock Position Increased by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. grew its holdings in shares of ReNew Energy Global PLC (NASDAQ:RNW - Free Report) by 158.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor 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 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Franklin Resources Inc. increased its holdings in ReNew Energy Global by 191.4% during the 4th quarter. Franklin Resources Inc. now owns 5,693,312 shares of the company's stock worth $38,885,000 after purchasing an additional 3,739,645 shares during the last quarter. Millennium Management LLC raised its stake in shares of ReNew Energy Global by 8.9% in the 4th quarter. Millennium Management LLC now owns 5,169,576 shares of the company's stock valued at $35,308,000 after purchasing an additional 420,831 shares in the last quarter. Walleye Capital LLC bought a new position in shares of ReNew Energy Global during the fourth quarter worth about $19,302,000. Northwest & Ethical Investments L.P. lifted its position in shares of ReNew Energy Global by 6.3% during the fourth quarter. Northwest & Ethical Investments L.P. now owns 2,296,800 shares of the company's stock worth $15,687,000 after purchasing an additional 135,606 shares during the last quarter. Finally, Norges Bank acquired a new position in ReNew Energy Global in the fourth quarter worth about $4,107,000. 43.56% of the stock is owned by hedge funds and other institutional investors.

ReNew Energy Global Stock Up 9.5%

NASDAQ RNW traded up $0.66 on Thursday, hitting $7.58. 5,411,657 shares of the stock traded hands, compared to its average volume of 978,461. 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 50-day moving average of $6.72 and a 200 day moving average of $6.53. ReNew Energy Global PLC has a twelve month low of $5.15 and a twelve month high of $7.67. The company has a market capitalization of $2.75 billion, a P/E ratio of 47.35 and a beta of 0.88.

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.