FNY Investment Advisers LLC Acquires 42,247 Shares of ReNew Energy Global Plc (NASDAQ:RNW)

FNY Investment Advisers LLC lifted its position in shares of ReNew Energy Global Plc (NASDAQ:RNW) by 509.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 50,547 shares of the company’s stock after acquiring an additional 42,247 shares during the quarter. FNY Investment Advisers LLC’s holdings in ReNew Energy Global were worth $345,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. 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 purchasing an additional 1,709 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its holdings in shares of ReNew Energy Global by 23.1% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 12,672 shares of the company’s stock worth $80,000 after acquiring an additional 2,379 shares during the period. Van ECK Associates Corp boosted its stake in ReNew Energy Global by 58.1% during the third quarter. Van ECK Associates Corp now owns 12,278 shares of the company’s stock worth $72,000 after acquiring an additional 4,513 shares in the last quarter. Harvest Portfolios Group Inc. boosted its holdings in ReNew Energy Global by 17.7% in the third quarter. Harvest Portfolios Group Inc. now owns 71,966 shares of the company’s stock worth $453,000 after acquiring an additional 10,831 shares in the last quarter. Finally, Renaissance Technologies LLC increased its stake in ReNew Energy Global by 50.9% during the 2nd quarter. Renaissance Technologies LLC now owns 34,100 shares of the company’s stock valued at $213,000 after purchasing an additional 11,500 shares in the last quarter. Institutional investors own 43.56% of the company’s stock.

ReNew Energy Global Trading Down 2.7 %

RNW stock opened at $6.57 on Tuesday. The firm has a fifty day moving average price of $6.33 and a 200 day moving average price of $6.06. 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 firm has a market cap of $2.38 billion, a PE ratio of 109.52 and a beta of 0.90. ReNew Energy Global Plc has a fifty-two week low of $5.15 and a fifty-two week high of $7.49.

Analyst Upgrades and Downgrades

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

ReNew Energy Global Company 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.