Renaissance Technologies LLC Has $213,000 Position in ReNew Energy Global Plc (NASDAQ:RNW)

Renaissance Technologies LLC lifted its position in shares of ReNew Energy Global Plc (NASDAQ:RNW) by 50.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 34,100 shares of the company’s stock after acquiring an additional 11,500 shares during the period. Renaissance Technologies LLC’s holdings in ReNew Energy Global were worth $213,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. Everett Harris & Co. CA acquired a new position in ReNew Energy Global during the first quarter worth about $90,000. MQS Management LLC acquired a new position in ReNew Energy Global during the 1st quarter worth approximately $171,000. Syon Capital LLC lifted its stake in ReNew Energy Global by 89.4% in the 4th quarter. Syon Capital LLC now owns 32,395 shares of the company’s stock valued at $248,000 after purchasing an additional 15,295 shares during the last quarter. Counterpoint Mutual Funds LLC acquired a new stake in ReNew Energy Global in the first quarter valued at approximately $275,000. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd grew its stake in shares of ReNew Energy Global by 48.0% during the second quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 49,224 shares of the company’s stock worth $307,000 after buying an additional 15,972 shares during the last quarter. Institutional investors and hedge funds own 43.56% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on RNW. Roth Mkm dropped their price target on ReNew Energy Global from $9.00 to $8.00 and set a “buy” rating for the company in a research note on Monday, August 19th. Morgan Stanley cut ReNew Energy Global from an “overweight” rating to an “equal weight” rating in a report on Thursday, September 26th.

ReNew Energy Global Trading Up 1.2 %

RNW opened at $5.91 on Friday. The company’s 50 day moving average price is $5.97 and its two-hundred day moving average price is $5.96. The firm has a market capitalization of $2.20 billion, a price-to-earnings ratio of 49.25 and a beta of 0.94. ReNew Energy Global Plc has a fifty-two week low of $5.24 and a fifty-two week high of $7.79. The company has a debt-to-equity ratio of 4.65, a current ratio of 0.67 and a quick ratio of 0.66.

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.