Robeco Institutional Asset Management B.V. Has $5.13 Million Position in ReNew Energy Global PLC $RNW

Robeco Institutional Asset Management B.V. grew its stake in ReNew Energy Global PLC (NASDAQ:RNW) by 881.8% during the fourth quarter, HoldingsChannel reports. The firm owned 907,749 shares of the company’s stock after buying an additional 815,290 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in ReNew Energy Global were worth $5,129,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. GAM Holding AG boosted its stake in shares of ReNew Energy Global by 94.7% in the 3rd quarter. GAM Holding AG now owns 370,000 shares of the company’s stock valued at $2,849,000 after purchasing an additional 180,000 shares in the last quarter. MASO CAPITAL PARTNERS Ltd acquired a new stake in shares of ReNew Energy Global in the 3rd quarter valued at approximately $2,177,000. Corient Private Wealth LLC boosted its stake in shares of ReNew Energy Global by 6.9% in the 2nd quarter. Corient Private Wealth LLC now owns 28,643 shares of the company’s stock valued at $198,000 after purchasing an additional 1,849 shares in the last quarter. Cerity Partners LLC boosted its stake in shares of ReNew Energy Global by 9.3% in the 2nd quarter. Cerity Partners LLC now owns 26,085 shares of the company’s stock valued at $180,000 after purchasing an additional 2,225 shares in the last quarter. Finally, Orion Porfolio Solutions LLC acquired a new stake in shares of ReNew Energy Global in the 3rd quarter valued at approximately $126,000. 43.56% of the stock is currently owned by institutional investors and hedge funds.

ReNew Energy Global Stock Up 0.4%

NASDAQ:RNW opened at $4.99 on Friday. The firm’s 50 day simple moving average is $5.13 and its 200 day simple moving average is $6.18. The company has a debt-to-equity ratio of 3.84, a current ratio of 0.57 and a quick ratio of 0.52. ReNew Energy Global PLC has a one year low of $4.39 and a one year high of $8.24. The company has a market cap of $1.81 billion, a PE ratio of 11.88 and a beta of 0.99.

ReNew Energy Global (NASDAQ:RNW) last posted its earnings results on Monday, February 16th. The company reported $0.00 EPS for the quarter, topping the consensus estimate of ($0.12) by $0.12. ReNew Energy Global had a net margin of 6.95% and a return on equity of 10.50%. The business had revenue of $349.01 million for the quarter, compared to the consensus estimate of $262.33 million. On average, research analysts anticipate that ReNew Energy Global PLC will post 0.15 earnings per share for the current year.

Analyst Upgrades and Downgrades

RNW has been the topic of a number of research analyst reports. Weiss Ratings downgraded shares of ReNew Energy Global from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, March 13th. Morgan Stanley set a $6.03 target price on shares of ReNew Energy Global in a research report on Monday, February 2nd. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, ReNew Energy Global currently has an average rating of “Reduce” and a consensus price target of $6.52.

ReNew Energy Global Profile

ReNew Energy Global PLC is an independent power producer specializing in the development, construction, ownership and operation of utility-scale renewable energy projects. Headquartered in Gurugram, India, the company focuses on onshore wind farms, solar photovoltaic plants and hybrid energy systems, often paired with battery energy storage to enhance grid stability and dispatch flexibility. ReNew Energy Global markets electricity under long-term power purchase agreements, serving utilities, distribution companies and corporate offtakers.

The company’s core business activities encompass site identification, project design, procurement, construction management and ongoing asset management.