Credit Industriel ET Commercial Purchases Shares of 40,000 ReNew Energy Global Plc (NASDAQ:RNW)

Credit Industriel ET Commercial purchased a new position in shares of ReNew Energy Global Plc (NASDAQ:RNW - Free Report) in the fourth quarter, according to its most recent filing with the SEC. The firm purchased 40,000 shares of the company's stock, valued at approximately $273,000.

Other hedge funds have also recently made changes to their positions in the company. Hsbc Holdings PLC lifted its holdings in ReNew Energy Global by 40.3% during the fourth quarter. Hsbc Holdings PLC now owns 16,710 shares of the company's stock worth $115,000 after acquiring an additional 4,799 shares during the period. Summit Securities Group LLC purchased a new position in ReNew Energy Global during the 4th quarter valued at about $34,000. Everett Harris & Co. CA increased its holdings in ReNew Energy Global by 14.3% during the 4th quarter. Everett Harris & Co. CA now owns 40,000 shares of the company's stock worth $273,000 after acquiring an additional 5,000 shares during the period. Barclays PLC lifted its stake in ReNew Energy Global by 21.8% in the 4th quarter. Barclays PLC now owns 32,123 shares of the company's stock worth $219,000 after purchasing an additional 5,742 shares in the last quarter. Finally, Mariner LLC grew its position in shares of ReNew Energy Global by 22.7% during the 4th quarter. Mariner LLC now owns 31,340 shares of the company's stock valued at $214,000 after purchasing an additional 5,801 shares in the last quarter. 43.56% of the stock is owned by institutional investors.

ReNew Energy Global Price Performance

ReNew Energy Global stock traded down $0.13 during mid-day trading on Tuesday, hitting $6.48. 185,346 shares of the company traded hands, compared to its average volume of 1,062,164. The company has a debt-to-equity ratio of 4.74, a quick ratio of 0.64 and a current ratio of 0.60. ReNew Energy Global Plc has a one year low of $5.15 and a one year high of $7.49. The stock has a market cap of $2.35 billion, a price-to-earnings ratio of 129.60 and a beta of 0.89. The stock has a fifty day moving average price of $6.13 and a 200-day moving average price of $6.27.

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

Analyst Ratings Changes

Separately, Roth Mkm dropped their price objective on 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.

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.