Carrera Capital Advisors Buys New Stake in ReNew Energy Global PLC (NASDAQ:RNW)

Carrera Capital Advisors purchased a new position in ReNew Energy Global PLC (NASDAQ:RNW) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 125,099 shares of the company’s stock, valued at approximately $737,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Franklin Resources Inc. raised its holdings in shares of ReNew Energy Global by 191.4% in the fourth quarter. Franklin Resources Inc. now owns 5,693,312 shares of the company’s stock worth $38,885,000 after buying an additional 3,739,645 shares during the last quarter. Millennium Management LLC raised its holdings in shares of ReNew Energy Global by 8.9% in the fourth quarter. Millennium Management LLC now owns 5,169,576 shares of the company’s stock worth $35,308,000 after buying an additional 420,831 shares during the last quarter. Walleye Capital LLC purchased a new position in shares of ReNew Energy Global in the fourth quarter worth $19,302,000. Norges Bank purchased a new position in shares of ReNew Energy Global in the fourth quarter worth $4,107,000. Finally, TT International Asset Management LTD increased its stake in shares of ReNew Energy Global by 102.7% in the first quarter. TT International Asset Management LTD now owns 301,392 shares of the company’s stock worth $1,775,000 after acquiring an additional 152,691 shares during the period. Hedge funds and other institutional investors own 43.56% of the company’s stock.

ReNew Energy Global Stock Down 1.3%

NASDAQ:RNW opened at $7.47 on Monday. The firm has a market capitalization of $2.71 billion, a P/E ratio of 46.69 and a beta of 0.88. ReNew Energy Global PLC has a 1-year low of $5.15 and a 1-year high of $7.76. The company’s fifty day moving average price is $7.08 and its 200-day moving average price is $6.60. The company has a debt-to-equity ratio of 4.44, a current ratio of 0.60 and a quick ratio of 0.58.

About ReNew Energy Global

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.