Invesco Ltd. Purchases 356,311 Shares of ReNew Energy Global PLC $RNW

Invesco Ltd. lifted its position in ReNew Energy Global PLC (NASDAQ:RNW) by 16.8% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 2,476,280 shares of the company’s stock after purchasing an additional 356,311 shares during the quarter. Invesco Ltd. owned 0.68% of ReNew Energy Global worth $14,585,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in RNW. Millennium Management LLC grew its holdings in shares of ReNew Energy Global by 8.9% in the 4th quarter. Millennium Management LLC now owns 5,169,576 shares of the company’s stock worth $35,308,000 after purchasing an additional 420,831 shares during the last quarter. Fiera Capital Corp bought a new stake in shares of ReNew Energy Global in the 1st quarter worth about $1,865,000. Cubist Systematic Strategies LLC bought a new stake in shares of ReNew Energy Global in the 4th quarter worth about $1,662,000. Picton Mahoney Asset Management grew its holdings in shares of ReNew Energy Global by 33.1% in the 1st quarter. Picton Mahoney Asset Management now owns 944,707 shares of the company’s stock worth $5,563,000 after purchasing an additional 234,696 shares during the last quarter. Finally, GAM Holding AG bought a new stake in shares of ReNew Energy Global in the 1st quarter worth about $942,000. Institutional investors own 43.56% of the company’s stock.

ReNew Energy Global Stock Performance

ReNew Energy Global stock opened at $7.79 on Friday. The stock has a 50-day simple moving average of $7.38 and a 200 day simple moving average of $6.74. The company has a quick ratio of 0.73, a current ratio of 0.77 and a debt-to-equity ratio of 4.42. ReNew Energy Global PLC has a 12-month low of $5.15 and a 12-month high of $7.89. The stock has a market capitalization of $2.83 billion, a price-to-earnings ratio of 24.34 and a beta of 0.89.

ReNew Energy Global (NASDAQ:RNW) last released its quarterly earnings results on Wednesday, August 13th. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.05. ReNew Energy Global had a return on equity of 8.34% and a net margin of 5.77%.The business had revenue of $480.35 million during the quarter, compared to analysts’ expectations of $32.46 billion. On average, research analysts anticipate 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.