Walleye Capital LLC Invests $19.30 Million in ReNew Energy Global Plc (NASDAQ:RNW)

Walleye Capital LLC bought a new stake in ReNew Energy Global Plc (NASDAQ:RNW) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 2,825,994 shares of the company’s stock, valued at approximately $19,302,000. Walleye Capital LLC owned about 0.78% of ReNew Energy Global at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Franklin Resources Inc. boosted its holdings in shares of ReNew Energy Global by 191.4% in the fourth quarter. Franklin Resources Inc. now owns 5,693,312 shares of the company’s stock valued at $38,885,000 after acquiring an additional 3,739,645 shares during the period. Northwest & Ethical Investments L.P. raised its position in ReNew Energy Global by 6.3% in the 4th quarter. Northwest & Ethical Investments L.P. now owns 2,296,800 shares of the company’s stock valued at $15,687,000 after purchasing an additional 135,606 shares during the last quarter. Helikon Investments Ltd acquired a new stake in ReNew Energy Global during the 4th quarter worth $15,055,000. State of New Jersey Common Pension Fund D purchased a new position in ReNew Energy Global during the 4th quarter worth $4,436,000. Finally, Norges Bank acquired a new position in ReNew Energy Global in the fourth quarter valued at $4,107,000. 43.56% of the stock is currently owned by institutional investors and hedge funds.

ReNew Energy Global Trading Up 2.0 %

Shares of RNW stock opened at $6.06 on Tuesday. ReNew Energy Global Plc has a twelve month low of $5.15 and a twelve month high of $7.49. The company has a current ratio of 0.60, a quick ratio of 0.64 and a debt-to-equity ratio of 4.74. The business’s 50 day moving average is $6.19 and its two-hundred day moving average is $6.24. The company has a market capitalization of $2.20 billion, a P/E ratio of 121.20 and a beta of 0.89.

ReNew Energy Global (NASDAQ:RNW) last announced its quarterly earnings data on Tuesday, February 18th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.07). ReNew Energy Global had a net margin of 2.17% and a return on equity of 1.75%. The firm had revenue of $248.00 million during the quarter, compared to analyst estimates of $20.22 billion. Equities analysts forecast that ReNew Energy Global Plc will post 0.15 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Roth Mkm decreased their target price on shares of ReNew Energy Global from $8.00 to $7.50 and set a “buy” rating for the company in a research note on Friday, February 21st.

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.