ReNew Energy Global PLC (NASDAQ:RNW - Get Free Report) was the target of unusually large options trading on Tuesday. Investors acquired 5,800 put options on the company. This represents an increase of 962% compared to the typical daily volume of 546 put options.
Hedge Funds Weigh In On ReNew Energy Global
Institutional investors have recently modified their holdings of the company. TT International Asset Management LTD increased its position in shares of ReNew Energy Global by 102.7% during 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 last quarter. GAM Holding AG bought a new position in shares of ReNew Energy Global during the 1st quarter valued at about $942,000. Robeco Institutional Asset Management B.V. lifted its stake in ReNew Energy Global by 158.4% in the first quarter. Robeco Institutional Asset Management B.V. now owns 100,404 shares of the company's stock worth $591,000 after purchasing an additional 61,543 shares during the last quarter. CIBRA Capital Ltd bought a new stake in ReNew Energy Global in the first quarter worth $876,000. Finally, Alpine Global Management LLC purchased a new stake in ReNew Energy Global during the 4th quarter valued at about $990,000. 43.56% of the stock is currently owned by institutional investors.
ReNew Energy Global Price Performance
NASDAQ RNW traded up $0.02 during trading on Friday, reaching $7.46. The company's stock had a trading volume of 768,639 shares, compared to its average volume of 981,549. The company has a debt-to-equity ratio of 4.44, a current ratio of 0.60 and a quick ratio of 0.58. The stock has a market capitalization of $2.71 billion, a PE ratio of 46.63 and a beta of 0.88. The firm has a fifty day moving average of $6.87 and a 200 day moving average of $6.55. ReNew Energy Global has a one year low of $5.15 and a one year high of $7.67.
About ReNew Energy Global
(
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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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