SG Americas Securities LLC Acquires New Holdings in ReNew Energy Global Plc (NASDAQ:RNW)

SG Americas Securities LLC bought a new position in shares of ReNew Energy Global Plc (NASDAQ:RNW) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 11,053 shares of the company’s stock, valued at approximately $75,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Rubric Capital Management LP grew its stake in shares of ReNew Energy Global by 1.5% in the third quarter. Rubric Capital Management LP now owns 13,706,102 shares of the company’s stock worth $86,211,000 after acquiring an additional 200,000 shares during the last quarter. Carrhae Capital LLP increased its holdings in shares of ReNew Energy Global by 69.3% during the 3rd quarter. Carrhae Capital LLP now owns 3,654,991 shares of the company’s stock worth $22,990,000 after purchasing an additional 1,495,819 shares during the period. Northwest & Ethical Investments L.P. raised its position in shares of ReNew Energy Global by 3.3% during the third quarter. Northwest & Ethical Investments L.P. now owns 2,161,194 shares of the company’s stock valued at $13,594,000 after buying an additional 68,308 shares during the last quarter. Franklin Resources Inc. acquired a new position in shares of ReNew Energy Global during the third quarter valued at about $11,585,000. Finally, M&G PLC acquired a new position in ReNew Energy Global in the third quarter worth about $8,097,000. Institutional investors and hedge funds own 43.56% of the company’s stock.

ReNew Energy Global Stock Performance

NASDAQ:RNW opened at $6.66 on Friday. The firm has a market capitalization of $2.42 billion, a PE ratio of 111.02 and a beta of 0.89. The firm has a 50-day moving average price of $6.75 and a 200 day moving average price of $6.18. The company has a quick ratio of 0.64, a current ratio of 0.65 and a debt-to-equity ratio of 4.51. ReNew Energy Global Plc has a 12-month low of $5.15 and a 12-month high of $7.49.

ReNew Energy Global Company 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.