2,825,994 Shares in ReNew Energy Global Plc (NASDAQ:RNW) Bought by Walleye Capital LLC

Walleye Capital LLC bought a new position in ReNew Energy Global Plc (NASDAQ:RNW - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 2,825,994 shares of the company's stock, valued at approximately $19,302,000. Walleye Capital LLC owned about 0.78% of ReNew Energy Global as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of RNW. Summit Securities Group LLC acquired a new stake in ReNew Energy Global during the fourth quarter worth $34,000. Signaturefd LLC purchased a new stake in ReNew Energy Global in the 4th quarter valued at about $65,000. SG Americas Securities LLC acquired a new position in ReNew Energy Global in the fourth quarter valued at about $75,000. Ballentine Partners LLC purchased a new position in ReNew Energy Global during the fourth quarter worth about $107,000. Finally, Quadrant Capital Group LLC acquired a new stake in shares of ReNew Energy Global during the fourth quarter valued at about $133,000. Hedge funds and other institutional investors own 43.56% of the company's stock.

ReNew Energy Global Trading Up 2.1 %

NASDAQ RNW traded up $0.13 during trading on Friday, hitting $6.21. The stock had a trading volume of 474,561 shares, compared to its average volume of 1,064,546. The company has a quick ratio of 0.64, a current ratio of 0.60 and a debt-to-equity ratio of 4.74. The company has a market capitalization of $2.25 billion, a PE ratio of 124.20 and a beta of 0.89. The firm has a 50 day moving average price of $6.15 and a 200 day moving average price of $6.25. ReNew Energy Global Plc has a twelve month low of $5.15 and a twelve month high of $7.49.

ReNew Energy Global (NASDAQ:RNW - Get Free Report) last announced its earnings results on Tuesday, February 18th. The company reported ($0.11) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.07). The business had revenue of $248.00 million for the quarter, compared to analysts' expectations of $20.22 billion. ReNew Energy Global had a return on equity of 1.75% and a net margin of 2.17%. As a group, equities research analysts forecast that ReNew Energy Global Plc will post 0.15 earnings per share for the current year.

Analysts Set New Price Targets

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

ReNew Energy Global Company Profile

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.