145,000 Shares in ReNew Energy Global Plc (NASDAQ:RNW) Purchased by Alpine Global Management LLC

Alpine Global Management LLC bought a new position in ReNew Energy Global Plc (NASDAQ:RNW - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 145,000 shares of the company's stock, valued at approximately $990,000.

Several other institutional investors have also made changes to their positions in RNW. Summit Securities Group LLC purchased a new stake in shares of ReNew Energy Global in the fourth quarter valued at $34,000. Signaturefd LLC acquired a new position in shares of ReNew Energy Global in the 4th quarter valued at about $65,000. SG Americas Securities LLC purchased a new stake in shares of ReNew Energy Global in the fourth quarter worth approximately $75,000. Ballentine Partners LLC purchased a new position in ReNew Energy Global during the fourth quarter valued at approximately $107,000. Finally, Hsbc Holdings PLC lifted its position in ReNew Energy Global by 40.3% in the 4th 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 owned by hedge funds and other institutional investors.

ReNew Energy Global Trading Down 0.2 %

NASDAQ:RNW opened at $6.20 on Tuesday. The company has a quick ratio of 0.64, a current ratio of 0.60 and a debt-to-equity ratio of 4.74. ReNew Energy Global Plc has a 12 month low of $5.15 and a 12 month high of $7.49. The company's 50 day moving average is $6.14 and its 200-day moving average is $6.25. The firm has a market cap of $2.25 billion, a price-to-earnings ratio of 124.00 and a beta of 0.89.

ReNew Energy Global (NASDAQ:RNW - Get Free Report) last issued its quarterly earnings results on Tuesday, February 18th. The company reported ($0.11) EPS for the quarter, missing analysts' consensus estimates of ($0.04) by ($0.07). ReNew Energy Global had a return on equity of 1.75% and a net margin of 2.17%. The business had revenue of $248.00 million for the quarter, compared to analyst estimates of $20.22 billion. Equities analysts anticipate that ReNew Energy Global Plc will post 0.15 EPS for the current year.

Analysts Set New Price Targets

Separately, Roth Mkm cut their price objective on ReNew Energy Global from $8.00 to $7.50 and set a "buy" rating for the company in a report on Friday, February 21st.

ReNew Energy Global Company 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.

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