ReNew Energy Global Plc (NASDAQ:RNW) Stock Holdings Lifted by Victory Capital Management Inc.

Victory Capital Management Inc. lifted its position in ReNew Energy Global Plc (NASDAQ:RNW) by 805.4% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 156,549 shares of the company’s stock after acquiring an additional 139,259 shares during the quarter. Victory Capital Management Inc.’s holdings in ReNew Energy Global were worth $977,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Dynamic Technology Lab Private Ltd purchased a new position in ReNew Energy Global during the 4th quarter valued at about $113,000. Everett Harris & Co. CA acquired a new position in ReNew Energy Global in the 1st quarter valued at approximately $90,000. MQS Management LLC acquired a new stake in shares of ReNew Energy Global during the 1st quarter valued at $171,000. Syon Capital LLC increased its stake in shares of ReNew Energy Global by 89.4% in the fourth quarter. Syon Capital LLC now owns 32,395 shares of the company’s stock worth $248,000 after acquiring an additional 15,295 shares during the last quarter. Finally, Counterpoint Mutual Funds LLC purchased a new stake in shares of ReNew Energy Global during the first quarter worth $275,000. Institutional investors and hedge funds own 43.56% of the company’s stock.

ReNew Energy Global Price Performance

NASDAQ RNW opened at $6.56 on Friday. The company has a quick ratio of 0.66, a current ratio of 0.67 and a debt-to-equity ratio of 4.65. The stock has a market capitalization of $2.45 billion, a PE ratio of 54.67 and a beta of 0.92. ReNew Energy Global Plc has a 12-month low of $4.78 and a 12-month high of $7.79. The company has a 50 day moving average price of $5.84 and a two-hundred day moving average price of $5.99.

Analyst Upgrades and Downgrades

Separately, Roth Mkm dropped their target price on ReNew Energy Global from $9.00 to $8.00 and set a “buy” rating on the stock in a research report on Monday, August 19th.

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.