186,769 Shares of ReNew Energy Global PLC $RNW Purchased by Quadrant Capital Group LLC

Quadrant Capital Group LLC purchased a new stake in ReNew Energy Global PLC (NASDAQ:RNW) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 186,769 shares of the company’s stock, valued at approximately $1,285,000.

Other hedge funds also recently modified their holdings of the company. ABN Amro Investment Solutions bought a new stake in shares of ReNew Energy Global in the 1st quarter worth approximately $4,396,000. SEB Asset Management AB acquired a new stake in shares of ReNew Energy Global during the 1st quarter worth approximately $436,000. Squarepoint Ops LLC increased its position in shares of ReNew Energy Global by 602.4% during the second quarter. Squarepoint Ops LLC now owns 75,047 shares of the company’s stock valued at $469,000 after purchasing an additional 64,363 shares during the period. State of Wyoming bought a new stake in shares of ReNew Energy Global during the first quarter valued at approximately $233,000. Finally, Sax Wealth Advisors LLC bought a new stake in shares of ReNew Energy Global during the third quarter valued at approximately $277,000. Institutional investors own 43.56% of the company’s stock.

Wall Street Analysts Forecast Growth

RNW has been the subject of a number of recent research reports. Roth Capital lowered ReNew Energy Global from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 26th. Zacks Research downgraded shares of ReNew Energy Global from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 17th. Four investment analysts have rated the stock with a Hold rating. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $6.39.

ReNew Energy Global Stock Performance

NASDAQ RNW opened at $6.88 on Friday. The stock has a market cap of $2.51 billion, a P/E ratio of 21.50 and a beta of 1.18. The company’s 50-day simple moving average is $6.85 and its 200 day simple moving average is $6.22. ReNew Energy Global PLC has a twelve month low of $4.39 and a twelve month high of $7.78. The company has a quick ratio of 0.40, a current ratio of 0.43 and a debt-to-equity ratio of 3.35.

ReNew Energy Global (NASDAQ:RNW) last posted its quarterly earnings results on Tuesday, August 18th. The company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.05. ReNew Energy Global had a net margin of 7.24% and a return on equity of 7.71%. The firm had revenue of $472.92 million during the quarter, compared to analyst estimates of $459.86 million. As a group, research analysts forecast that ReNew Energy Global PLC will post 0.23 earnings per share for the current fiscal year.

ReNew Energy Global Company Profile

ReNew Energy Global plc (NASDAQ: RNW) is a renewable energy company focused on developing, owning, and operating clean power projects in India. Its portfolio includes utility-scale wind, solar, and hydroelectric generation, as well as hybrid renewable energy projects that combine multiple technologies to support more consistent electricity production.

The company also pursues related clean-energy opportunities, including battery storage, green hydrogen, and other decarbonization solutions.