ReNew Energy Global Plc (NASDAQ:RNW) Shares Purchased by Kayne Anderson Capital Advisors LP

Kayne Anderson Capital Advisors LP raised its stake in shares of ReNew Energy Global Plc (NASDAQ:RNW - Free Report) by 21.3% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 888,831 shares of the company's stock after acquiring an additional 156,147 shares during the period. Kayne Anderson Capital Advisors LP owned approximately 0.25% of ReNew Energy Global worth $5,591,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of RNW. Healthcare of Ontario Pension Plan Trust Fund boosted its stake in shares of ReNew Energy Global by 14.3% in the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 270,048 shares of the company's stock valued at $1,620,000 after buying an additional 33,835 shares in the last quarter. MQS Management LLC purchased a new stake in shares of ReNew Energy Global during the 1st quarter worth approximately $171,000. Tidal Investments LLC grew its holdings in shares of ReNew Energy Global by 3.5% in the 1st quarter. Tidal Investments LLC now owns 87,575 shares of the company's stock worth $525,000 after acquiring an additional 2,924 shares during the period. Swedbank AB acquired a new position in ReNew Energy Global during the first quarter worth $4,814,000. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd boosted its position in ReNew Energy Global by 48.0% during the second quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 49,224 shares of the company's stock worth $307,000 after purchasing an additional 15,972 shares in the last quarter. 43.56% of the stock is owned by institutional investors and hedge funds.

ReNew Energy Global Trading Up 1.1 %

NASDAQ RNW traded up $0.06 during mid-day trading on Monday, reaching $5.45. 400,137 shares of the stock were exchanged, compared to its average volume of 863,111. The stock has a market capitalization of $1.98 billion, a PE ratio of 180.33 and a beta of 0.95. The company has a debt-to-equity ratio of 4.65, a quick ratio of 0.66 and a current ratio of 0.67. ReNew Energy Global Plc has a 1-year low of $5.15 and a 1-year high of $7.79. The business's fifty day simple moving average is $5.96 and its 200 day simple moving average is $5.96.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on RNW shares. Roth Mkm cut their price target on ReNew Energy Global from $9.00 to $8.00 and set a "buy" rating for the company in a research note on Monday, August 19th. Morgan Stanley cut shares of ReNew Energy Global from an "overweight" rating to an "equal weight" rating in a research report on Thursday, September 26th.

About ReNew Energy Global

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.