Tidal Investments LLC Sells 76,129 Shares of ReNew Energy Global Plc (NASDAQ:RNW)

Tidal Investments LLC cut its stake in shares of ReNew Energy Global Plc (NASDAQ:RNW - Free Report) by 83.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,237 shares of the company's stock after selling 76,129 shares during the quarter. Tidal Investments LLC's holdings in ReNew Energy Global were worth $96,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of RNW. Rubric Capital Management LP lifted its position in ReNew Energy Global by 1.5% during the third quarter. Rubric Capital Management LP now owns 13,706,102 shares of the company's stock valued at $86,211,000 after purchasing an additional 200,000 shares during the period. Tortoise Capital Advisors L.L.C. lifted its holdings in shares of ReNew Energy Global by 11.9% during the 2nd quarter. Tortoise Capital Advisors L.L.C. now owns 5,669,321 shares of the company's stock valued at $35,377,000 after buying an additional 600,850 shares during the period. Millennium Management LLC boosted its stake in shares of ReNew Energy Global by 60.5% in the 2nd quarter. Millennium Management LLC now owns 4,779,016 shares of the company's stock worth $29,821,000 after buying an additional 1,802,191 shares during the last quarter. Carrhae Capital LLP grew its holdings in shares of ReNew Energy Global by 69.3% in the third quarter. Carrhae Capital LLP now owns 3,654,991 shares of the company's stock worth $22,990,000 after acquiring an additional 1,495,819 shares during the period. Finally, Northwest & Ethical Investments L.P. increased its position in ReNew Energy Global by 3.3% during the third quarter. Northwest & Ethical Investments L.P. now owns 2,161,194 shares of the company's stock valued at $13,594,000 after acquiring an additional 68,308 shares during the last quarter. 43.56% of the stock is owned by hedge funds and other institutional investors.

ReNew Energy Global Stock Performance

RNW traded down $0.11 during midday trading on Thursday, reaching $6.76. The company had a trading volume of 516,013 shares, compared to its average volume of 926,645. ReNew Energy Global Plc has a 1 year low of $5.15 and a 1 year high of $7.79. The company has a quick ratio of 0.64, a current ratio of 0.65 and a debt-to-equity ratio of 4.51. The company has a market cap of $2.45 billion, a P/E ratio of 112.69 and a beta of 0.96. The business has a 50-day moving average of $6.08 and a two-hundred day moving average of $6.03.

Analyst Ratings Changes

Separately, Morgan Stanley cut ReNew Energy Global from an "overweight" rating to an "equal weight" rating in a research report on Thursday, September 26th.

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.