Cubist Systematic Strategies LLC Boosts Stock Position in ReNew Energy Global Plc (NASDAQ:RNW)

Cubist Systematic Strategies LLC boosted its holdings in shares of ReNew Energy Global Plc (NASDAQ:RNW) by 784,825.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 62,794 shares of the company’s stock after purchasing an additional 62,786 shares during the period. Cubist Systematic Strategies LLC’s holdings in ReNew Energy Global were worth $392,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Mercer Global Advisors Inc. ADV increased 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 valued at $95,000 after buying an additional 1,709 shares during the period. Tidal Investments LLC grew its holdings in shares of ReNew Energy Global by 3.5% during the 1st quarter. Tidal Investments LLC now owns 87,575 shares of the company’s stock worth $525,000 after acquiring an additional 2,924 shares during the period. Renaissance Technologies LLC raised its position in shares of ReNew Energy Global by 50.9% in the 2nd quarter. Renaissance Technologies LLC now owns 34,100 shares of the company’s stock worth $213,000 after acquiring an additional 11,500 shares in the last quarter. Everett Harris & Co. CA purchased a new position in shares of ReNew Energy Global in the 1st quarter valued at approximately $90,000. Finally, Syon Capital LLC boosted its position in shares of ReNew Energy Global by 89.4% during the fourth quarter. Syon Capital LLC now owns 32,395 shares of the company’s stock valued at $248,000 after purchasing an additional 15,295 shares in the last quarter. Institutional investors own 43.56% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on RNW shares. Roth Mkm decreased their price objective on ReNew Energy Global from $9.00 to $8.00 and set a “buy” rating for the company in a report on Monday, August 19th. Morgan Stanley cut shares of ReNew Energy Global from an “overweight” rating to an “equal weight” rating in a research report on Thursday, September 26th.

ReNew Energy Global Stock Up 1.2 %

Shares of NASDAQ:RNW opened at $5.91 on Monday. The company has a current ratio of 0.67, a quick ratio of 0.66 and a debt-to-equity ratio of 4.65. The stock has a fifty day simple moving average of $5.97 and a two-hundred day simple moving average of $5.96. ReNew Energy Global Plc has a 12-month low of $5.24 and a 12-month high of $7.79. The stock has a market capitalization of $2.14 billion, a price-to-earnings ratio of 197.00 and a beta of 0.94.

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.