ReNew Energy Global Plc (NASDAQ:RNW) Shares Bought by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. lifted its position in shares of ReNew Energy Global Plc (NASDAQ:RNW) by 61.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 87,771 shares of the company’s stock after acquiring an additional 33,475 shares during the quarter. D. E. Shaw & Co. Inc.’s holdings in ReNew Energy Global were worth $599,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. BNP Paribas Financial Markets acquired a new position in shares of ReNew Energy Global during the 4th quarter worth $25,000. Summit Securities Group LLC purchased a new stake in shares of ReNew Energy Global in the fourth quarter valued at about $34,000. Signaturefd LLC acquired a new stake in shares of ReNew Energy Global in the fourth quarter valued at approximately $65,000. SG Americas Securities LLC acquired a new stake in shares of ReNew Energy Global in the fourth quarter valued at approximately $75,000. Finally, Bank of America Corp DE increased its stake in shares of ReNew Energy Global by 722.2% during the 4th quarter. Bank of America Corp DE now owns 15,621 shares of the company’s stock worth $107,000 after purchasing an additional 13,721 shares in the last quarter. 43.56% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

ReNew Energy Global Trading Up 1.5%

Shares of RNW stock opened at $6.89 on Monday. The company has a market capitalization of $2.50 billion, a price-to-earnings ratio of 137.80 and a beta of 0.88. The company has a current ratio of 0.60, a quick ratio of 0.64 and a debt-to-equity ratio of 4.74. The firm has a 50-day moving average price of $6.28 and a 200 day moving average price of $6.37. ReNew Energy Global Plc has a twelve month low of $5.15 and a twelve month high of $7.49.

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.