Helikon Investments Ltd Takes $15.06 Million Position in ReNew Energy Global Plc (NASDAQ:RNW)

Helikon Investments Ltd acquired a new position in shares of ReNew Energy Global Plc (NASDAQ:RNW) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 2,204,246 shares of the company’s stock, valued at approximately $15,055,000. ReNew Energy Global makes up approximately 1.6% of Helikon Investments Ltd’s holdings, making the stock its 14th biggest position.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Rubric Capital Management LP raised its holdings in shares of ReNew Energy Global by 1.5% in the third quarter. Rubric Capital Management LP now owns 13,706,102 shares of the company’s stock valued at $86,211,000 after purchasing an additional 200,000 shares during the last quarter. Millennium Management LLC increased its stake in ReNew Energy Global by 60.5% in the 2nd quarter. Millennium Management LLC now owns 4,779,016 shares of the company’s stock valued at $29,821,000 after buying an additional 1,802,191 shares during the last quarter. Carrhae Capital LLP lifted its position in ReNew Energy Global by 69.3% during the 3rd quarter. Carrhae Capital LLP now owns 3,654,991 shares of the company’s stock worth $22,990,000 after buying an additional 1,495,819 shares in the last quarter. Northwest & Ethical Investments L.P. boosted its stake in shares of ReNew Energy Global by 3.3% during the 3rd quarter. Northwest & Ethical Investments L.P. now owns 2,161,194 shares of the company’s stock worth $13,594,000 after buying an additional 68,308 shares during the last quarter. Finally, Franklin Resources Inc. bought a new position in shares of ReNew Energy Global in the 3rd quarter valued at about $11,585,000. Institutional investors and hedge funds own 43.56% of the company’s stock.

ReNew Energy Global Stock Performance

RNW opened at $6.72 on Monday. The business’s 50-day simple moving average is $6.56 and its 200 day simple moving average is $6.11. ReNew Energy Global Plc has a 52-week low of $5.15 and a 52-week high of $7.49. 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 firm has a market capitalization of $2.44 billion, a PE ratio of 112.02 and a beta of 0.90.

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.