Shares of ReNew Energy Global PLC (NASDAQ:RNW - Get Free Report) gapped up before the market opened on Thursday . The stock had previously closed at $6.92, but opened at $7.39. ReNew Energy Global shares last traded at $7.47, with a volume of 1,903,037 shares trading hands.
ReNew Energy Global Stock Up 9.5%
The company has a market capitalization of $2.75 billion, a PE ratio of 47.35 and a beta of 0.88. 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 50 day moving average is $6.77 and its 200 day moving average is $6.53.
Institutional Trading of ReNew Energy Global
Institutional investors have recently modified their holdings of the business. Point72 Asset Management L.P. bought a new position in shares of ReNew Energy Global in the 4th quarter worth $25,000. BNP Paribas Financial Markets bought a new position in shares of ReNew Energy Global in the 4th quarter worth about $25,000. Hsbc Holdings PLC increased its stake in shares of ReNew Energy Global by 40.3% in the 4th quarter. Hsbc Holdings PLC now owns 16,710 shares of the company's stock worth $115,000 after acquiring an additional 4,799 shares in the last quarter. Summit Securities Group LLC bought a new position in shares of ReNew Energy Global in the 4th quarter worth about $34,000. Finally, Barclays PLC increased its stake in ReNew Energy Global by 21.8% during the 4th quarter. Barclays PLC now owns 32,123 shares of the company's stock valued at $219,000 after purchasing an additional 5,742 shares in the last quarter. 43.56% of the stock is currently owned by hedge funds and other institutional investors.
ReNew Energy Global Company Profile
(
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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.
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