Tejara Capital Ltd Buys 302,769 Shares of ReNew Energy Global PLC $RNW

Key Points

• Tejara Capital Ltd increased its ownership in ReNew Energy Global PLC by 115.8% during the first quarter, now holding approximately 564,209 shares valued at about $3.32 million.
• ReNew Energy reported a quarterly earnings per share (EPS) of $0.16, surpassing analysts' expectations of $0.11 while accumulating a revenue of $480.35 million.
• As of the latest filing, institutional investors control 43.56% of ReNew Energy's stock, indicating a strong interest from large financial entities.

Tejara Capital Ltd boosted its holdings in shares of ReNew Energy Global PLC (NASDAQ:RNW - Free Report) by 115.8% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 564,209 shares of the company's stock after purchasing an additional 302,769 shares during the period. ReNew Energy Global accounts for approximately 1.3% of Tejara Capital Ltd's holdings, making the stock its 21st largest holding. Tejara Capital Ltd owned approximately 0.16% of ReNew Energy Global worth $3,323,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Point72 Asset Management L.P. acquired a new stake in shares of ReNew Energy Global during the 4th quarter worth approximately $25,000. BNP Paribas Financial Markets acquired a new stake in shares of ReNew Energy Global during the fourth quarter worth $25,000. Hsbc Holdings PLC grew its position in shares of ReNew Energy Global by 40.3% during 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. Barclays PLC grew its holdings in ReNew Energy Global by 21.8% during the fourth quarter. Barclays PLC now owns 32,123 shares of the company's stock valued at $219,000 after purchasing an additional 5,742 shares during the period. Finally, Mariner LLC grew its holdings in ReNew Energy Global by 22.7% during the fourth quarter. Mariner LLC now owns 31,340 shares of the company's stock valued at $214,000 after purchasing an additional 5,801 shares during the period. 43.56% of the stock is currently owned by institutional investors and hedge funds.

ReNew Energy Global Trading Down 0.6%

Shares of RNW stock traded down $0.05 on Wednesday, hitting $7.70. The stock had a trading volume of 371,719 shares, compared to its average volume of 772,779. ReNew Energy Global PLC has a twelve month low of $5.15 and a twelve month high of $7.89. The firm has a market cap of $2.79 billion, a P/E ratio of 24.06 and a beta of 0.89. The company has a current ratio of 0.77, a quick ratio of 0.73 and a debt-to-equity ratio of 4.42. The company has a fifty day moving average price of $7.34 and a two-hundred day moving average price of $6.72.

ReNew Energy Global (NASDAQ:RNW - Get Free Report) last announced its quarterly earnings results on Wednesday, August 13th. The company reported $0.16 earnings per share (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 during the quarter, compared to analyst estimates of $32.46 billion. As a group, analysts forecast that ReNew Energy Global PLC will post 0.15 earnings per share for the current fiscal year.

ReNew Energy Global Company 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.