Tudor Investment Corp ET AL Trims Stake in ReNew Energy Global PLC $RNW

Key Points

• Tudor Investment Corp ET AL cut its stake in ReNew Energy Global by 87.3% in Q3, selling 679,240 shares and retaining 98,858 shares valued at about $761,000 per its SEC filing.
• Other institutions made modest moves—new small stakes from Quantbot, Quarry, Evergreen and Arrowstreet—while institutional investors collectively own about 43.56% of RNW.
• Analyst sentiment has weakened (average rating "Reduce" with an average price target of $6.52), and the stock trades around $4.83 with a 12‑month range of $4.39–$8.24; key fundamentals include a market cap of $1.75B, P/E of 11.5 and a debt/equity of 3.84.

Tudor Investment Corp ET AL cut its stake in shares of ReNew Energy Global PLC (NASDAQ:RNW - Free Report) by 87.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 98,858 shares of the company's stock after selling 679,240 shares during the quarter. Tudor Investment Corp ET AL's holdings in ReNew Energy Global were worth $761,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in RNW. Quantbot Technologies LP purchased a new stake in ReNew Energy Global during the 2nd quarter valued at $29,000. Quarry LP bought a new position in shares of ReNew Energy Global in the 3rd quarter worth about $33,000. Evergreen Capital Management LLC bought a new position in shares of ReNew Energy Global in the 2nd quarter worth about $74,000. Tidal Investments LLC increased its stake in shares of ReNew Energy Global by 15.4% in the 2nd quarter. Tidal Investments LLC now owns 13,153 shares of the company's stock worth $91,000 after acquiring an additional 1,752 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership bought a new position in shares of ReNew Energy Global in the 3rd quarter worth about $101,000. Institutional investors own 43.56% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently commented on RNW shares. Weiss Ratings lowered shares of ReNew Energy Global from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Friday, March 13th. Morgan Stanley set a $6.03 price target on shares of ReNew Energy Global in a report on Monday, February 2nd. Finally, Mizuho lowered their price target on shares of ReNew Energy Global from $8.15 to $7.00 and set a "neutral" rating on the stock in a report on Tuesday, December 16th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Reduce" and an average price target of $6.52.

ReNew Energy Global Trading Up 0.2%

NASDAQ RNW opened at $4.83 on Wednesday. ReNew Energy Global PLC has a 12 month low of $4.39 and a 12 month high of $8.24. The company's 50-day moving average price is $5.14 and its 200-day moving average price is $6.20. The stock has a market cap of $1.75 billion, a PE ratio of 11.50 and a beta of 0.99. The company has a current ratio of 0.57, a quick ratio of 0.52 and a debt-to-equity ratio of 3.84.

ReNew Energy Global (NASDAQ:RNW - Get Free Report) last released its quarterly earnings data on Monday, February 16th. The company reported $0.00 earnings per share for the quarter, topping analysts' consensus estimates of ($0.12) by $0.12. The company had revenue of $349.01 million during the quarter, compared to analyst estimates of $262.33 million. ReNew Energy Global had a net margin of 6.95% and a return on equity of 10.50%. Equities research analysts forecast that ReNew Energy Global PLC will post 0.15 earnings per share for the current year.

About ReNew Energy Global

ReNew Energy Global PLC is an independent power producer specializing in the development, construction, ownership and operation of utility-scale renewable energy projects. Headquartered in Gurugram, India, the company focuses on onshore wind farms, solar photovoltaic plants and hybrid energy systems, often paired with battery energy storage to enhance grid stability and dispatch flexibility. ReNew Energy Global markets electricity under long-term power purchase agreements, serving utilities, distribution companies and corporate offtakers.

The company’s core business activities encompass site identification, project design, procurement, construction management and ongoing asset management.

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