Tudor Investment Corp ET AL Increases Stock Position in ReNew Energy Global Plc (NASDAQ:RNW)

Tudor Investment Corp ET AL lifted its holdings in ReNew Energy Global Plc (NASDAQ:RNW) by 25.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 140,191 shares of the company’s stock after buying an additional 28,633 shares during the quarter. Tudor Investment Corp ET AL’s holdings in ReNew Energy Global were worth $958,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of RNW. Summit Securities Group LLC bought a new stake in ReNew Energy Global in the fourth quarter worth $34,000. Signaturefd LLC purchased a new stake in ReNew Energy Global during the 4th quarter valued at about $65,000. SG Americas Securities LLC bought a new stake in ReNew Energy Global during the 4th quarter valued at about $75,000. Ballentine Partners LLC purchased a new position in ReNew Energy Global in the fourth quarter worth about $107,000. Finally, Hsbc Holdings PLC lifted its stake in shares of ReNew Energy Global by 40.3% in the fourth quarter. Hsbc Holdings PLC now owns 16,710 shares of the company’s stock worth $115,000 after buying an additional 4,799 shares in the last quarter. 43.56% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Roth Mkm lowered their price objective on ReNew Energy Global from $8.00 to $7.50 and set a “buy” rating on the stock in a research report on Friday, February 21st.

ReNew Energy Global Stock Up 0.2 %

RNW stock opened at $6.35 on Wednesday. ReNew Energy Global Plc has a fifty-two week low of $5.15 and a fifty-two week high of $7.49. The company has a market cap of $2.30 billion, a price-to-earnings ratio of 127.00 and a beta of 0.88. The company has a debt-to-equity ratio of 4.74, a quick ratio of 0.64 and a current ratio of 0.60. The business’s 50-day moving average is $6.14 and its two-hundred day moving average is $6.28.

ReNew Energy Global (NASDAQ:RNW) last released its earnings results 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). The firm had revenue of $248.00 million during the quarter, compared to analysts’ expectations of $20.22 billion. ReNew Energy Global had a return on equity of 1.75% and a net margin of 2.17%. As a group, analysts forecast that ReNew Energy Global Plc will post 0.15 earnings per share for the current year.

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.