ReNew Energy Global PLC $RNW Shares Purchased by Signaturefd LLC

Signaturefd LLC raised its position in shares of ReNew Energy Global PLC (NASDAQ:RNW) by 90.8% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 32,896 shares of the company’s stock after buying an additional 15,651 shares during the quarter. Signaturefd LLC’s holdings in ReNew Energy Global were worth $227,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. TT International Asset Management LTD raised its stake in ReNew Energy Global by 102.7% during the first quarter. TT International Asset Management LTD now owns 301,392 shares of the company’s stock valued at $1,775,000 after buying an additional 152,691 shares in the last quarter. GAM Holding AG acquired a new stake in ReNew Energy Global during the first quarter valued at approximately $942,000. Robeco Institutional Asset Management B.V. raised its stake in ReNew Energy Global by 158.4% during the first quarter. Robeco Institutional Asset Management B.V. now owns 100,404 shares of the company’s stock valued at $591,000 after buying an additional 61,543 shares in the last quarter. Invesco Ltd. raised its stake in ReNew Energy Global by 16.8% during the first quarter. Invesco Ltd. now owns 2,476,280 shares of the company’s stock valued at $14,585,000 after buying an additional 356,311 shares in the last quarter. Finally, CIBRA Capital Ltd acquired a new stake in ReNew Energy Global during the first quarter valued at approximately $876,000. Institutional investors and hedge funds own 43.56% of the company’s stock.

ReNew Energy Global Trading Down 1.5%

Shares of NASDAQ RNW opened at $8.07 on Friday. The stock’s 50 day moving average price is $7.67 and its two-hundred day moving average price is $7.01. ReNew Energy Global PLC has a 52-week low of $5.15 and a 52-week high of $8.24. The stock has a market capitalization of $2.93 billion, a P/E ratio of 25.22 and a beta of 0.89. 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 (NASDAQ:RNW) last announced its quarterly earnings results on Wednesday, August 13th. The company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.05. The business had revenue of $480.35 million for the quarter, compared to analysts’ expectations of $32.46 billion. ReNew Energy Global had a return on equity of 8.34% and a net margin of 5.77%. On average, 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.