ReNew Energy Global Plc (NASDAQ:RNW) Stock Holdings Lifted by Rubric Capital Management LP

Rubric Capital Management LP increased its holdings in ReNew Energy Global Plc (NASDAQ:RNW) by 1.5% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 13,706,102 shares of the company’s stock after buying an additional 200,000 shares during the period. ReNew Energy Global comprises approximately 1.4% of Rubric Capital Management LP’s holdings, making the stock its 15th biggest position. Rubric Capital Management LP’s holdings in ReNew Energy Global were worth $86,211,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Van ECK Associates Corp grew its stake in ReNew Energy Global by 58.1% during the 3rd quarter. Van ECK Associates Corp now owns 12,278 shares of the company’s stock worth $72,000 after buying an additional 4,513 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its position in shares of ReNew Energy Global by 23.1% during the third 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 last quarter. Mercer Global Advisors Inc. ADV increased its holdings in shares of ReNew Energy Global by 12.7% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 15,187 shares of the company’s stock worth $95,000 after acquiring an additional 1,709 shares during the period. Quantbot Technologies LP increased its holdings in shares of ReNew Energy Global by 454.7% in the 3rd quarter. Quantbot Technologies LP now owns 15,788 shares of the company’s stock worth $99,000 after acquiring an additional 12,942 shares during the period. Finally, Renaissance Technologies LLC lifted its position in ReNew Energy Global by 50.9% in 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 during the last quarter. Institutional investors own 43.56% of the company’s stock.

ReNew Energy Global Stock Down 1.3 %

RNW opened at $6.05 on Wednesday. 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 company has a market capitalization of $2.19 billion, a PE ratio of 100.85 and a beta of 0.95. The stock’s fifty day moving average is $5.89 and its 200-day moving average is $5.94. ReNew Energy Global Plc has a one year low of $5.15 and a one year high of $7.79.

Analysts Set New Price Targets

RNW has been the topic of several analyst reports. Morgan Stanley lowered shares of ReNew Energy Global from an “overweight” rating to an “equal weight” rating in a research note on Thursday, September 26th. Roth Mkm cut their target price on ReNew Energy Global from $9.00 to $8.00 and set a “buy” rating on the stock in a research note on Monday, August 19th.

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.