ReNew Energy Global PLC (NASDAQ:RNW - Get Free Report)'s share price 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 traded.
ReNew Energy Global Price Performance
The company has a market cap of $2.74 billion, a price-to-earnings ratio of 47.16 and a beta of 0.88. The company's 50 day moving average price is $6.72 and its 200 day moving average price is $6.53. The company has a current ratio of 0.60, a quick ratio of 0.58 and a debt-to-equity ratio of 4.44.
Institutional Investors Weigh In On ReNew Energy Global
A number of hedge funds have recently added to or reduced their stakes in RNW. Point72 Asset Management L.P. acquired a new position in ReNew Energy Global during the 4th quarter worth approximately $25,000. BNP Paribas Financial Markets purchased a new stake in shares of ReNew Energy Global in the fourth quarter valued at approximately $25,000. Summit Securities Group LLC acquired a new position in ReNew Energy Global during the fourth quarter worth $34,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in ReNew Energy Global in the fourth quarter worth $52,000. Finally, Signaturefd LLC purchased a new position in ReNew Energy Global in the fourth quarter worth $65,000. Institutional investors and hedge funds own 43.56% of the company's stock.
About ReNew Energy Global
(
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.
Featured Articles
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
Need to stretch out your 401K or Roth IRA plan? Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
