ReNew Energy Global Plc (NASDAQ:RNW) Shares Sold by MSD Partners L.P.

MSD Partners L.P. cut its stake in shares of ReNew Energy Global Plc (NASDAQ:RNW - Free Report) by 19.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,091,480 shares of the company's stock after selling 517,619 shares during the quarter. ReNew Energy Global makes up 10.0% of MSD Partners L.P.'s portfolio, making the stock its 4th largest holding. MSD Partners L.P. owned about 0.58% of ReNew Energy Global worth $14,285,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Barclays PLC raised its holdings in shares of ReNew Energy Global by 382.5% in the third quarter. Barclays PLC now owns 26,381 shares of the company's stock valued at $166,000 after buying an additional 20,913 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of ReNew Energy Global by 26.5% in the third quarter. JPMorgan Chase & Co. now owns 148,777 shares of the company's stock valued at $936,000 after buying an additional 31,125 shares during the last quarter. FNY Investment Advisers LLC raised its holdings in shares of ReNew Energy Global by 509.0% in the fourth quarter. FNY Investment Advisers LLC now owns 50,547 shares of the company's stock valued at $345,000 after buying an additional 42,247 shares during the last quarter. Ballentine Partners LLC bought a new position in shares of ReNew Energy Global in the fourth quarter valued at about $107,000. Finally, SG Americas Securities LLC bought a new position in shares of ReNew Energy Global in the fourth quarter valued at about $75,000. 43.56% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Roth Mkm cut their price target on ReNew Energy Global from $8.00 to $7.50 and set a "buy" rating for the company in a report on Friday, February 21st.

ReNew Energy Global Trading Up 0.7%

NASDAQ:RNW traded up $0.05 on Monday, hitting $6.77. 266,275 shares of the stock were exchanged, compared to its average volume of 985,438. The stock has a market capitalization of $2.45 billion, a price-to-earnings ratio of 135.30 and a beta of 0.88. ReNew Energy Global Plc has a 52 week low of $5.15 and a 52 week high of $7.49. The company has a debt-to-equity ratio of 4.74, a quick ratio of 0.64 and a current ratio of 0.60. The company's 50-day moving average price is $6.21 and its 200 day moving average price is $6.32.

ReNew Energy Global (NASDAQ:RNW - Get Free Report) last posted its earnings results on Tuesday, February 18th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.07). The company had revenue of $248.00 million for the quarter, compared to analyst estimates of $20.22 billion. ReNew Energy Global had a return on equity of 1.75% and a net margin of 2.17%. On average, 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 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.