Millennium Management LLC Has $35.31 Million Position in ReNew Energy Global Plc (NASDAQ:RNW)

Millennium Management LLC raised its holdings in ReNew Energy Global Plc (NASDAQ:RNW) by 8.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 5,169,576 shares of the company’s stock after acquiring an additional 420,831 shares during the quarter. Millennium Management LLC owned about 1.43% of ReNew Energy Global worth $35,308,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in RNW. Silphium Asset Management Ltd bought a new stake in ReNew Energy Global in the fourth quarter valued at approximately $2,049,000. Helikon Investments Ltd acquired a new position in shares of ReNew Energy Global in the 4th quarter valued at $15,055,000. Norges Bank bought a new stake in shares of ReNew Energy Global in the 4th quarter valued at $4,107,000. State of New Jersey Common Pension Fund D acquired a new stake in ReNew Energy Global during the 4th quarter worth $4,436,000. Finally, Counterpoint Mutual Funds LLC bought a new position in ReNew Energy Global during the fourth quarter worth about $328,000. Institutional investors own 43.56% of the company’s stock.

ReNew Energy Global Stock Performance

Shares of RNW stock opened at $6.72 on Monday. The company has a debt-to-equity ratio of 4.74, a quick ratio of 0.64 and a current ratio of 0.60. The company has a market capitalization of $2.44 billion, a P/E ratio of 134.40 and a beta of 0.88. The company’s 50 day moving average price is $6.21 and its two-hundred day moving average price is $6.32. ReNew Energy Global Plc has a 52 week low of $5.15 and a 52 week high of $7.49.

ReNew Energy Global (NASDAQ:RNW) last issued its quarterly earnings data on Tuesday, February 18th. The company reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.07). The company had revenue of $248.00 million for the quarter, compared to analyst estimates of $20.22 billion. ReNew Energy Global had a return on equity of 1.75% and a net margin of 2.17%. On average, analysts expect that ReNew Energy Global Plc will post 0.15 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Roth Mkm lowered their price target on ReNew Energy Global from $8.00 to $7.50 and set a “buy” rating for the company in a report on Friday, February 21st.

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.