Everett Harris & Co. CA Buys Shares of 15,000 ReNew Energy Global Plc (NASDAQ:RNW)

Everett Harris & Co. CA bought a new stake in ReNew Energy Global Plc (NASDAQ:RNW) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 15,000 shares of the company’s stock, valued at approximately $90,000.

Several other large investors also recently added to or reduced their stakes in the stock. Rubric Capital Management LP lifted its stake in shares of ReNew Energy Global by 5.3% in the 4th quarter. Rubric Capital Management LP now owns 10,420,000 shares of the company’s stock valued at $79,817,000 after purchasing an additional 522,574 shares during the last quarter. Sylebra Capital LLC acquired a new position in ReNew Energy Global during the 3rd quarter worth about $13,962,000. Picton Mahoney Asset Management lifted its stake in ReNew Energy Global by 23.6% during the 4th quarter. Picton Mahoney Asset Management now owns 1,022,240 shares of the company’s stock worth $7,831,000 after acquiring an additional 195,195 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in ReNew Energy Global by 35.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 658,067 shares of the company’s stock worth $5,041,000 after acquiring an additional 170,547 shares in the last quarter. Finally, TT International Asset Management LTD acquired a new position in ReNew Energy Global during the 4th quarter worth about $2,097,000. 43.56% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Roth Mkm reissued a “buy” rating and set a $9.00 target price (up previously from $8.00) on shares of ReNew Energy Global in a research note on Friday, June 7th.

ReNew Energy Global Stock Down 0.5 %

RNW stock traded down $0.03 during mid-day trading on Friday, reaching $6.03. The company had a trading volume of 25,793 shares, compared to its average volume of 875,756. The company has a debt-to-equity ratio of 4.65, a quick ratio of 0.72 and a current ratio of 0.73. The company has a market capitalization of $2.25 billion, a price-to-earnings ratio of 50.50 and a beta of 0.93. The firm has a fifty day simple moving average of $6.12 and a 200 day simple moving average of $6.38. ReNew Energy Global Plc has a fifty-two week low of $4.78 and a fifty-two week high of $7.79.

ReNew Energy Global (NASDAQ:RNW) last posted its quarterly earnings results on Wednesday, June 5th. The company reported $0.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.08. The company had revenue of $297.00 million for the quarter, compared to analyst estimates of $243.45 million. ReNew Energy Global had a return on equity of 3.36% and a net margin of 4.17%. Analysts forecast that ReNew Energy Global Plc will post 0.13 earnings per share for the current fiscal 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.