IQ EQ FUND MANAGEMENT IRELAND Ltd Increases Stock Position in ReNew Energy Global PLC $RNW

IQ EQ FUND MANAGEMENT IRELAND Ltd grew its position in shares of ReNew Energy Global PLC (NASDAQ:RNW) by 18.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 47,173 shares of the company’s stock after acquiring an additional 7,283 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd’s holdings in ReNew Energy Global were worth $326,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of RNW. Signaturefd LLC raised its holdings in shares of ReNew Energy Global by 81.6% during the first quarter. Signaturefd LLC now owns 17,245 shares of the company’s stock valued at $102,000 after acquiring an additional 7,749 shares in the last quarter. Parallel Advisors LLC boosted its holdings in ReNew Energy Global by 766.0% in the second quarter. Parallel Advisors LLC now owns 11,041 shares of the company’s stock valued at $76,000 after acquiring an additional 9,766 shares in the last quarter. Ballentine Partners LLC increased its position in ReNew Energy Global by 74.6% during the 1st quarter. Ballentine Partners LLC now owns 27,429 shares of the company’s stock valued at $162,000 after purchasing an additional 11,721 shares during the period. Abacus Wealth Partners LLC bought a new position in ReNew Energy Global in the 2nd quarter worth $85,000. Finally, Bank of America Corp DE lifted its position in shares of ReNew Energy Global by 722.2% in the 4th quarter. Bank of America Corp DE now owns 15,621 shares of the company’s stock worth $107,000 after purchasing an additional 13,721 shares during the period. 43.56% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, Mizuho set a $8.15 price objective on ReNew Energy Global and gave the company a “neutral” rating in a research report on Wednesday. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, ReNew Energy Global presently has a consensus rating of “Moderate Buy” and a consensus price target of $7.83.

ReNew Energy Global Trading Down 1.8%

Shares of NASDAQ RNW opened at $7.62 on Thursday. The firm’s 50 day moving average price is $7.74 and its 200-day moving average price is $7.26. ReNew Energy Global PLC has a 52-week low of $5.15 and a 52-week high of $8.24. The company has a debt-to-equity ratio of 4.42, a quick ratio of 0.73 and a current ratio of 0.77. The company has a market cap of $2.76 billion, a PE ratio of 23.81 and a beta of 0.89.

ReNew Energy Global (NASDAQ:RNW) last announced its quarterly earnings data on Wednesday, August 13th. The company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.05. The company had revenue of $480.35 million during the quarter, compared to analyst estimates of $32.46 billion. ReNew Energy Global had a net margin of 5.77% and a return on equity of 8.34%. On average, equities research analysts expect that ReNew Energy Global PLC will post 0.15 EPS for the current fiscal year.

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.