Shares of ReNew Energy Global Plc (NASDAQ:RNW – Get Rating) rose 2.2% on Friday . The stock traded as high as $7.10 and last traded at $7.10. Approximately 10,848 shares were traded during trading, a decline of 98% from the average daily volume of 567,463 shares. The stock had previously closed at $6.95.
ReNew Energy Global Price Performance
The firm has a fifty day moving average of $6.90 and a two-hundred day moving average of $7.23. The company has a current ratio of 1.17, a quick ratio of 1.16 and a debt-to-equity ratio of 2.87.
Institutional Investors Weigh In On ReNew Energy Global
Several institutional investors have recently bought and sold shares of the stock. Acadian Asset Management LLC purchased a new stake in ReNew Energy Global in the 4th quarter worth approximately $211,000. Bank of Montreal Can purchased a new stake in ReNew Energy Global in the 4th quarter worth approximately $1,392,000. Allianz Asset Management GmbH purchased a new stake in ReNew Energy Global in the 4th quarter worth approximately $5,446,000. Maso Capital Partners Ltd purchased a new stake in ReNew Energy Global in the 4th quarter worth approximately $6,224,000. Finally, Invesco Ltd. lifted its holdings in ReNew Energy Global by 12.5% in the 4th quarter. Invesco Ltd. now owns 3,252,374 shares of the company’s stock worth $25,304,000 after buying an additional 361,299 shares during the period. 38.54% of the stock is currently owned by hedge funds and other institutional investors.
ReNew Energy Global Company Profile
ReNew Energy Global Plc generates power through non-conventional and renewable energy sources in India. The company operates through Wind Power and Solar Power segments. It develops, builds, owns, and operates utility scale wind and solar energy projects, as well as distributed solar energy projects that generate energy for commercial and industrial customers.
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