Robeco Institutional Asset Management B.V. Increases Stock Position in ReNew Energy Global Plc (NASDAQ:RNW)

Robeco Institutional Asset Management B.V. increased its position in ReNew Energy Global Plc (NASDAQ:RNW) by 206.7% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 38,861 shares of the company’s stock after buying an additional 26,189 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in ReNew Energy Global were worth $265,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Van ECK Associates Corp increased its stake in ReNew Energy Global by 58.1% during the third quarter. Van ECK Associates Corp now owns 12,278 shares of the company’s stock worth $72,000 after acquiring an additional 4,513 shares during the last quarter. Harvest Portfolios Group Inc. raised its holdings in ReNew Energy Global by 17.7% in the third quarter. Harvest Portfolios Group Inc. now owns 71,966 shares of the company’s stock valued at $453,000 after buying an additional 10,831 shares during the period. SG Americas Securities LLC acquired a new position in ReNew Energy Global during the fourth quarter valued at approximately $75,000. Renaissance Technologies LLC grew its stake in ReNew Energy Global by 50.9% during the second quarter. Renaissance Technologies LLC now owns 34,100 shares of the company’s stock worth $213,000 after buying an additional 11,500 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund increased its position in shares of ReNew Energy Global by 4.3% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 281,126 shares of the company’s stock worth $1,768,000 after acquiring an additional 11,639 shares in the last quarter. Institutional investors and hedge funds own 43.56% of the company’s stock.

ReNew Energy Global Stock Performance

NASDAQ:RNW opened at $6.50 on Wednesday. The firm’s fifty day simple moving average is $6.67 and its 200 day simple moving average is $6.14. The company has a current ratio of 0.65, a quick ratio of 0.64 and a debt-to-equity ratio of 4.51. ReNew Energy Global Plc has a twelve month low of $5.15 and a twelve month high of $7.49. The firm has a market capitalization of $2.36 billion, a price-to-earnings ratio of 108.35 and a beta of 0.89.

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.