XTX Topco Ltd Purchases New Stake in ReNew Energy Global Plc (NASDAQ:RNW)

XTX Topco Ltd acquired a new position in shares of ReNew Energy Global Plc (NASDAQ:RNW) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 33,933 shares of the company’s stock, valued at approximately $232,000.

Other large investors have also recently modified their holdings of the company. Franklin Resources Inc. bought a new position in ReNew Energy Global during the third quarter worth $11,585,000. Silphium Asset Management Ltd bought a new position in shares of ReNew Energy Global in the 4th quarter worth about $2,049,000. Helikon Investments Ltd acquired a new position in shares of ReNew Energy Global in the 4th quarter valued at about $15,055,000. Norges Bank acquired a new position in shares of ReNew Energy Global in the 4th quarter valued at about $4,107,000. Finally, State of New Jersey Common Pension Fund D bought a new stake in shares of ReNew Energy Global during the 4th quarter valued at about $4,436,000. Institutional investors own 43.56% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Roth Mkm lowered their target price 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 Stock Up 0.2 %

Shares of NASDAQ RNW opened at $6.52 on Friday. ReNew Energy Global Plc has a 12-month low of $5.15 and a 12-month high of $7.49. The firm has a market cap of $2.36 billion, a PE ratio of 130.40 and a beta of 0.89. The company’s fifty day simple moving average is $6.12 and its 200 day simple moving average is $6.26. The company has a quick ratio of 0.64, a current ratio of 0.60 and a debt-to-equity ratio of 4.74.

ReNew Energy Global (NASDAQ:RNW) last announced its quarterly earnings results on Tuesday, February 18th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.07). The firm had revenue of $248.00 million during the quarter, compared to the consensus estimate of $20.22 billion. ReNew Energy Global had a return on equity of 1.75% and a net margin of 2.17%. As a group, sell-side analysts forecast that ReNew Energy Global Plc will post 0.15 earnings per share for the current fiscal year.

ReNew Energy Global 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.