ReNew Energy Global (NASDAQ:RNW) Trading 2.2% Higher

ReNew Energy Global Plc (NASDAQ:RNWGet Rating)’s stock price traded up 2.2% during mid-day trading on Friday . The company traded as high as $7.10 and last traded at $7.10. 10,848 shares traded hands during trading, a decline of 98% from the average session volume of 567,463 shares. The stock had previously closed at $6.95.

ReNew Energy Global Stock Performance

The company has a debt-to-equity ratio of 2.87, a quick ratio of 1.16 and a current ratio of 1.17. The business has a 50 day moving average of $6.90 and a 200-day moving average of $7.23.

Institutional Trading of ReNew Energy Global

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Amundi bought a new stake in shares of ReNew Energy Global during the 2nd quarter valued at $71,000. Prelude Capital Management LLC bought a new position in shares of ReNew Energy Global during the 2nd quarter valued at about $93,000. Sylebra Capital Ltd bought a new position in shares of ReNew Energy Global during the 2nd quarter valued at about $16,694,000. Occudo Quantitative Strategies LP bought a new position in shares of ReNew Energy Global during the 2nd quarter valued at about $694,000. Finally, Cubist Systematic Strategies LLC increased its position in shares of ReNew Energy Global by 1,435.4% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 18,026 shares of the company’s stock valued at $117,000 after purchasing an additional 16,852 shares during the last quarter. 38.54% of the stock is currently owned by institutional investors.

ReNew Energy Global Company Profile

(Get Rating)

ReNew Energy Global Plc generates power through non-conventional and renewable energy sources in India. The company operates through Wind Power and Solar Power segments. It develops, builds, owns, and operates utility scale wind and solar energy projects, as well as distributed solar energy projects that generate energy for commercial and industrial customers.

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