ReNew Energy Global Plc (NASDAQ:RNW) Shares Sold by Jennison Associates LLC

Jennison Associates LLC trimmed its position in ReNew Energy Global Plc (NASDAQ:RNW - Free Report) by 77.2% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 32,333 shares of the company's stock after selling 109,375 shares during the period. Jennison Associates LLC's holdings in ReNew Energy Global were worth $203,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in RNW. Rubric Capital Management LP increased its holdings in ReNew Energy Global by 15.3% in the 2nd quarter. Rubric Capital Management LP now owns 13,506,102 shares of the company's stock worth $84,278,000 after acquiring an additional 1,794,402 shares in the last quarter. Tortoise Capital Advisors L.L.C. grew its stake in ReNew Energy Global by 11.9% during the second quarter. Tortoise Capital Advisors L.L.C. now owns 5,669,321 shares of the company's stock valued at $35,377,000 after acquiring an additional 600,850 shares in the last quarter. Millennium Management LLC increased its holdings in ReNew Energy Global by 60.5% in the 2nd quarter. Millennium Management LLC now owns 4,779,016 shares of the company's stock valued at $29,821,000 after acquiring an additional 1,802,191 shares during the last quarter. Carrhae Capital LLP lifted its stake in ReNew Energy Global by 69.3% in the 3rd quarter. Carrhae Capital LLP now owns 3,654,991 shares of the company's stock worth $22,990,000 after purchasing an additional 1,495,819 shares in the last quarter. Finally, Daymark Wealth Partners LLC boosted its holdings in shares of ReNew Energy Global by 49.1% during the 3rd quarter. Daymark Wealth Partners LLC now owns 1,358,779 shares of the company's stock valued at $8,547,000 after purchasing an additional 447,560 shares during the last quarter. 43.56% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently weighed in on RNW shares. Morgan Stanley downgraded shares of ReNew Energy Global from an "overweight" rating to an "equal weight" rating in a report on Thursday, September 26th. Roth Mkm decreased their price objective on ReNew Energy Global from $9.00 to $8.00 and set a "buy" rating on the stock in a research report on Monday, August 19th.

ReNew Energy Global Stock Up 4.1 %

Shares of RNW stock traded up $0.24 on Monday, hitting $6.13. The stock had a trading volume of 1,075,181 shares, compared to its average volume of 872,028. ReNew Energy Global Plc has a one year low of $5.15 and a one year high of $7.79. The business has a 50 day moving average price of $5.90 and a 200 day moving average price of $5.94. The company has a market cap of $2.22 billion, a PE ratio of 98.18 and a beta of 0.95. The company has a quick ratio of 0.64, a current ratio of 0.65 and a debt-to-equity ratio of 4.51.

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.