FNY Investment Advisers LLC Has $345,000 Stock Position in ReNew Energy Global Plc (NASDAQ:RNW)

FNY Investment Advisers LLC lifted its holdings in ReNew Energy Global Plc (NASDAQ:RNW) by 509.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,547 shares of the company’s stock after acquiring an additional 42,247 shares during the quarter. FNY Investment Advisers LLC’s holdings in ReNew Energy Global were worth $345,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. JPMorgan Chase & Co. grew its stake in shares of ReNew Energy Global by 26.5% during the third quarter. JPMorgan Chase & Co. now owns 148,777 shares of the company’s stock worth $936,000 after purchasing an additional 31,125 shares during the period. Franklin Resources Inc. bought a new position in ReNew Energy Global in the third quarter valued at $11,585,000. Barclays PLC raised its holdings in ReNew Energy Global by 382.5% during the third quarter. Barclays PLC now owns 26,381 shares of the company’s stock worth $166,000 after acquiring an additional 20,913 shares in the last quarter. Verition Fund Management LLC bought a new position in shares of ReNew Energy Global in the third quarter valued at $426,000. Finally, Northwest & Ethical Investments L.P. raised its holdings in shares of ReNew Energy Global by 3.3% in the 3rd quarter. Northwest & Ethical Investments L.P. now owns 2,161,194 shares of the company’s stock valued at $13,594,000 after purchasing an additional 68,308 shares during the period. 43.56% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Morgan Stanley cut ReNew Energy Global from an “overweight” rating to an “equal weight” rating in a report on Thursday, September 26th.

ReNew Energy Global Price Performance

RNW stock opened at $6.57 on Tuesday. The company has a fifty day moving average price of $6.33 and a 200-day moving average price of $6.06. ReNew Energy Global Plc has a 52-week low of $5.15 and a 52-week high of $7.49. The company has a market capitalization of $2.38 billion, a P/E ratio of 109.52 and a beta of 0.90. The company has a debt-to-equity ratio of 4.51, a quick ratio of 0.64 and a current ratio of 0.65.

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.