Barclays PLC Boosts Stock Position in ReNew Energy Global Plc (NASDAQ:RNW)

Barclays PLC lifted its holdings in ReNew Energy Global Plc (NASDAQ:RNW) by 382.5% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 26,381 shares of the company’s stock after purchasing an additional 20,913 shares during the quarter. Barclays PLC’s holdings in ReNew Energy Global were worth $166,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Van ECK Associates Corp boosted its stake 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 worth $72,000 after buying an additional 4,513 shares during the period. Robeco Institutional Asset Management B.V. lifted its position in shares of ReNew Energy Global by 23.1% during the third quarter. Robeco Institutional Asset Management B.V. now owns 12,672 shares of the company’s stock worth $80,000 after purchasing an additional 2,379 shares during the last quarter. Mercer Global Advisors Inc. ADV lifted its position in shares of 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 worth $95,000 after purchasing an additional 1,709 shares during the last quarter. Quantbot Technologies LP lifted its position in shares of ReNew Energy Global by 454.7% during the third quarter. Quantbot Technologies LP now owns 15,788 shares of the company’s stock worth $99,000 after purchasing an additional 12,942 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its position in shares of ReNew Energy Global by 50.9% during 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 last quarter. 43.56% of the stock is owned by hedge funds and other institutional investors.

ReNew Energy Global Stock Down 1.0 %

NASDAQ RNW opened at $6.70 on Thursday. ReNew Energy Global Plc has a 52 week low of $5.15 and a 52 week high of $7.49. The company has a quick ratio of 0.64, a current ratio of 0.65 and a debt-to-equity ratio of 4.51. The business’s fifty day simple moving average is $6.48 and its 200-day simple moving average is $6.09. The firm has a market cap of $2.43 billion, a PE ratio of 111.69 and a beta of 0.90.

Analysts Set New Price Targets

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

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.