ReNew Energy Global Plc (NASDAQ:RNW) Shares Purchased by Aristides Capital LLC

Aristides Capital LLC raised its position in ReNew Energy Global Plc (NASDAQ:RNW) by 12.1% in the 4th quarter, HoldingsChannel.com reports. The fund owned 132,100 shares of the company’s stock after acquiring an additional 14,260 shares during the quarter. Aristides Capital LLC’s holdings in ReNew Energy Global were worth $902,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Quantbot Technologies LP grew its stake in shares of ReNew Energy Global by 454.7% in the third quarter. Quantbot Technologies LP now owns 15,788 shares of the company’s stock worth $99,000 after acquiring an additional 12,942 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in ReNew Energy Global by 40.6% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 699,905 shares of the company’s stock worth $4,402,000 after purchasing an additional 202,100 shares during the period. Verition Fund Management LLC purchased a new stake in ReNew Energy Global during the 3rd quarter worth about $426,000. Barclays PLC grew its position in shares of ReNew Energy Global by 382.5% during the third quarter. Barclays PLC now owns 26,381 shares of the company’s stock worth $166,000 after buying an additional 20,913 shares in the last quarter. Finally, Franklin Resources Inc. purchased a new stake in shares of ReNew Energy Global during the third quarter worth approximately $11,585,000. 43.56% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Roth Mkm decreased their price target on shares of ReNew Energy Global from $8.00 to $7.50 and set a “buy” rating for the company in a research note on Friday, February 21st.

ReNew Energy Global Stock Performance

Shares of RNW stock opened at $5.78 on Friday. The company has a market cap of $2.10 billion, a P/E ratio of 115.60 and a beta of 0.89. The firm has a fifty day moving average price of $6.31 and a 200 day moving average price of $6.28. The company has a current ratio of 0.60, a quick ratio of 0.64 and a debt-to-equity ratio of 4.74. ReNew Energy Global Plc has a 12 month low of $5.15 and a 12 month high of $7.49.

ReNew Energy Global (NASDAQ:RNW) last released its quarterly earnings data on Tuesday, February 18th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.07). ReNew Energy Global had a return on equity of 1.75% and a net margin of 2.17%. The business had revenue of $248.00 million for the quarter, compared to analyst estimates of $20.22 billion. Sell-side analysts predict that ReNew Energy Global Plc will post 0.15 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.