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ReNew Energy Global Plc (NASDAQ:RNW) Shares Purchased by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

ReNew Energy Global logo with Oils/Energy background

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in ReNew Energy Global Plc (NASDAQ:RNW - Free Report) by 40.6% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 699,905 shares of the company's stock after buying an additional 202,100 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.19% of ReNew Energy Global worth $4,402,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Van ECK Associates Corp boosted its holdings in shares of ReNew Energy Global by 58.1% in the 3rd quarter. Van ECK Associates Corp now owns 12,278 shares of the company's stock valued at $72,000 after buying an additional 4,513 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its position in ReNew Energy Global by 23.1% during the third quarter. Robeco Institutional Asset Management B.V. now owns 12,672 shares of the company's stock valued at $80,000 after acquiring an additional 2,379 shares during the last quarter. Mercer Global Advisors Inc. ADV lifted its position in ReNew Energy Global by 12.7% during the second quarter. Mercer Global Advisors Inc. ADV now owns 15,187 shares of the company's stock valued at $95,000 after acquiring an additional 1,709 shares during the last quarter. Quantbot Technologies LP boosted its stake in ReNew Energy Global by 454.7% in the third quarter. Quantbot Technologies LP now owns 15,788 shares of the company's stock valued at $99,000 after acquiring an additional 12,942 shares in the last quarter. Finally, Renaissance Technologies LLC grew its holdings in ReNew Energy Global by 50.9% in the second quarter. Renaissance Technologies LLC now owns 34,100 shares of the company's stock worth $213,000 after purchasing an additional 11,500 shares during the last quarter. Hedge funds and other institutional investors own 43.56% of the company's stock.

Analyst Ratings Changes

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

Read Our Latest Stock Analysis on ReNew Energy Global

ReNew Energy Global Stock Performance

NASDAQ RNW traded down $0.12 during mid-day trading on Friday, reaching $7.09. 1,717,037 shares of the stock were exchanged, compared to its average volume of 908,258. ReNew Energy Global Plc has a 1 year low of $5.15 and a 1 year high of $7.79. The company has a debt-to-equity ratio of 4.51, a quick ratio of 0.64 and a current ratio of 0.65. The business's 50 day moving average is $5.89 and its 200-day moving average is $5.97. The company has a market capitalization of $2.57 billion, a P/E ratio of 118.19 and a beta of 0.96.

ReNew Energy Global Profile

(Free Report)

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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Institutional Ownership by Quarter for ReNew Energy Global (NASDAQ:RNW)

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