ReNew Energy Global PLC (NASDAQ:RNW - Get Free Report) was the recipient of unusually large options trading on Tuesday. Stock traders purchased 5,800 put options on the company. This represents an increase of approximately 962% compared to the typical volume of 546 put options.
Hedge Funds Weigh In On ReNew Energy Global
A number of large investors have recently added to or reduced their stakes in the company. Point72 Asset Management L.P. bought a new position in shares of ReNew Energy Global in the 4th quarter valued at about $25,000. BNP Paribas Financial Markets bought a new position in shares of ReNew Energy Global in the 4th quarter valued at about $25,000. Summit Securities Group LLC bought a new position in shares of ReNew Energy Global in the 4th quarter valued at about $34,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in ReNew Energy Global in the 4th quarter valued at about $52,000. Finally, Signaturefd LLC acquired a new stake in ReNew Energy Global in the 4th quarter valued at about $65,000. Institutional investors own 43.56% of the company's stock.
ReNew Energy Global Stock Down 0.3%
RNW stock traded down $0.03 during trading hours on Wednesday, reaching $7.46. 429,440 shares of the stock were exchanged, compared to its average volume of 979,210. The firm's 50-day moving average is $6.80 and its 200-day moving average is $6.54. The company has a market cap of $2.70 billion, a price-to-earnings ratio of 46.72 and a beta of 0.88. The company has a debt-to-equity ratio of 4.44, a current ratio of 0.60 and a quick ratio of 0.58. ReNew Energy Global has a 12 month low of $5.15 and a 12 month high of $7.67.
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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