Barclays PLC Has $166,000 Position in ReNew Energy Global Plc (NASDAQ:RNW)

Barclays PLC lifted its stake in ReNew Energy Global Plc (NASDAQ:RNW) by 382.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 26,381 shares of the company’s stock after acquiring an additional 20,913 shares during the quarter. Barclays PLC’s holdings in ReNew Energy Global were worth $166,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Mercer Global Advisors Inc. ADV grew its holdings 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 last quarter. Robeco Institutional Asset Management B.V. lifted its position in ReNew Energy Global by 23.1% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 12,672 shares of the company’s stock worth $80,000 after acquiring an additional 2,379 shares during the last quarter. Van ECK Associates Corp boosted its holdings in ReNew Energy Global by 58.1% during the third quarter. Van ECK Associates Corp now owns 12,278 shares of the company’s stock valued at $72,000 after acquiring an additional 4,513 shares during the period. Harvest Portfolios Group Inc. grew its position in shares of ReNew Energy Global by 17.7% in the third quarter. Harvest Portfolios Group Inc. now owns 71,966 shares of the company’s stock valued at $453,000 after purchasing an additional 10,831 shares during the last quarter. Finally, Renaissance Technologies LLC increased its stake in shares of ReNew Energy Global by 50.9% in the second quarter. Renaissance Technologies LLC now owns 34,100 shares of the company’s stock worth $213,000 after purchasing an additional 11,500 shares during the period. 43.56% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley downgraded ReNew Energy Global from an “overweight” rating to an “equal weight” rating in a research note on Thursday, September 26th.

ReNew Energy Global Trading Up 1.3 %

Shares of RNW stock opened at $6.95 on Wednesday. The firm has a market capitalization of $2.52 billion, a P/E ratio of 115.85 and a beta of 0.90. ReNew Energy Global Plc has a 1 year low of $5.15 and a 1 year high of $7.63. The firm’s fifty day simple moving average is $6.21 and its 200 day simple moving average is $6.05. The company has a current ratio of 0.65, a quick ratio of 0.64 and a debt-to-equity ratio of 4.51.

ReNew Energy Global 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.