Tejara Capital Ltd Purchases 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 lifted its stake in ReNew Energy Global PLC (NASDAQ:RNW - Free Report) by 115.8% in the first quarter, according to the company in its most recent disclosure 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 1.3% of Tejara Capital Ltd's portfolio, making the stock its 21st largest position. Tejara Capital Ltd owned 0.16% of ReNew Energy Global worth $3,323,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also modified their holdings of RNW. BNP Paribas Financial Markets acquired a new stake in ReNew Energy Global during the 4th quarter worth $25,000. Point72 Asset Management L.P. acquired a new position in shares of ReNew Energy Global in the 4th quarter valued at $25,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of ReNew Energy Global in the 4th quarter valued at $52,000. MQS Management LLC acquired a new position in shares of ReNew Energy Global in the 1st quarter valued at $83,000. Finally, Signaturefd LLC grew its holdings in shares of ReNew Energy Global by 81.6% in the 1st quarter. Signaturefd LLC now owns 17,245 shares of the company's stock valued at $102,000 after buying an additional 7,749 shares during the period. Institutional investors and hedge funds own 43.56% of the company's stock.

ReNew Energy Global Stock Up 0.1%

RNW traded up $0.01 during trading on Tuesday, hitting $7.75. The company had a trading volume of 471,870 shares, compared to its average volume of 975,830. The company has a market capitalization of $2.81 billion, a PE ratio of 24.22 and a beta of 0.89. ReNew Energy Global PLC has a one year low of $5.15 and a one year high of $7.89. The firm's 50-day moving average price is $7.31 and its 200 day moving average price is $6.70. The company has a quick ratio of 0.73, a current ratio of 0.77 and a debt-to-equity ratio of 4.42.

ReNew Energy Global (NASDAQ:RNW - Get Free Report) last issued its quarterly earnings results on Wednesday, August 13th. The company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.11 by $0.05. The firm had revenue of $480.35 million for the quarter, compared to analysts' expectations of $32.46 billion. ReNew Energy Global had a net margin of 5.77% and a return on equity of 8.34%. As a group, equities analysts expect that ReNew Energy Global PLC will post 0.15 earnings per share for the current year.

ReNew Energy Global 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.