ReNew Energy Global PLC (NASDAQ:RNW - Get Free Report)'s share price hit a new 52-week high during trading on Monday . The company traded as high as $7.70 and last traded at $7.67, with a volume of 61330 shares changing hands. The stock had previously closed at $7.65.
ReNew Energy Global Stock Up 0.2%
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's fifty day moving average is $6.98 and its two-hundred day moving average is $6.58. The company has a market cap of $2.78 billion, a price-to-earnings ratio of 47.91 and a beta of 0.88.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the stock. TT International Asset Management LTD boosted its holdings in ReNew Energy Global by 102.7% in the 1st quarter. TT International Asset Management LTD now owns 301,392 shares of the company's stock valued at $1,775,000 after purchasing an additional 152,691 shares during the period. GAM Holding AG bought a new position in ReNew Energy Global in the 1st quarter valued at $942,000. Robeco Institutional Asset Management B.V. boosted its holdings in ReNew Energy Global by 158.4% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 100,404 shares of the company's stock valued at $591,000 after purchasing an additional 61,543 shares during the period. CIBRA Capital Ltd bought a new position in ReNew Energy Global in the 1st quarter valued at $876,000. Finally, Alpine Global Management LLC bought a new position in ReNew Energy Global in the 4th quarter valued at $990,000. 43.56% of the stock is owned by institutional investors.
ReNew Energy Global Company Profile
(
Get 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.
See Also
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider ReNew Energy Global, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and ReNew Energy Global wasn't on the list.
While ReNew Energy Global currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Discover the 10 Best High-Yield Dividend Stocks for 2025 and secure reliable income in uncertain markets. Download the report now to identify top dividend payers and avoid common yield traps.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
