Cubist Systematic Strategies LLC Purchases 62,786 Shares of ReNew Energy Global Plc (NASDAQ:RNW)

Cubist Systematic Strategies LLC boosted its holdings in ReNew Energy Global Plc (NASDAQ:RNW) by 784,825.0% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 62,794 shares of the company’s stock after buying an additional 62,786 shares during the period. Cubist Systematic Strategies LLC’s holdings in ReNew Energy Global were worth $392,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in RNW. Everett Harris & Co. CA purchased a new stake in shares of ReNew Energy Global during the 1st quarter valued at about $90,000. Mercer Global Advisors Inc. ADV lifted its position in ReNew Energy Global by 12.7% during the second quarter. Mercer Global Advisors Inc. ADV now owns 15,187 shares of the company’s stock valued at $95,000 after purchasing an additional 1,709 shares during the period. MQS Management LLC purchased a new stake in ReNew Energy Global in the first quarter worth approximately $171,000. Syon Capital LLC grew its position in ReNew Energy Global by 89.4% in the 4th quarter. Syon Capital LLC now owns 32,395 shares of the company’s stock worth $248,000 after purchasing an additional 15,295 shares during the period. Finally, Renaissance Technologies LLC raised its stake in ReNew Energy Global by 50.9% during the 2nd quarter. Renaissance Technologies LLC now owns 34,100 shares of the company’s stock valued at $213,000 after buying an additional 11,500 shares during the last quarter. 43.56% of the stock is owned by institutional investors.

ReNew Energy Global Trading Up 1.2 %

Shares of RNW stock opened at $5.91 on Monday. ReNew Energy Global Plc has a 1 year low of $5.24 and a 1 year high of $7.79. The firm has a fifty day moving average price of $5.97 and a 200-day moving average price of $5.96. The company has a market cap of $2.14 billion, a price-to-earnings ratio of 197.00 and a beta of 0.94. The company has a debt-to-equity ratio of 4.65, a current ratio of 0.67 and a quick ratio of 0.66.

Wall Street Analyst Weigh In

RNW has been the topic of a number of research reports. Roth Mkm dropped their price target on ReNew Energy Global from $9.00 to $8.00 and set a “buy” rating on the stock 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 research report on Thursday, September 26th.

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.