GAM Holding AG Makes New Investment in ReNew Energy Global PLC (NASDAQ:RNW)

GAM Holding AG bought a new position in ReNew Energy Global PLC (NASDAQ:RNW) during the first quarter, according to its most recent Form 13F filing with the SEC. The firm bought 160,000 shares of the company’s stock, valued at approximately $942,000.

A number of other institutional investors have also bought and sold shares of the business. Franklin Resources Inc. lifted its stake in ReNew Energy Global by 191.4% in the 4th quarter. Franklin Resources Inc. now owns 5,693,312 shares of the company’s stock worth $38,885,000 after purchasing an additional 3,739,645 shares in the last quarter. Millennium Management LLC increased its holdings in shares of ReNew Energy Global by 8.9% during the 4th quarter. Millennium Management LLC now owns 5,169,576 shares of the company’s stock worth $35,308,000 after buying an additional 420,831 shares during the last quarter. Walleye Capital LLC acquired a new stake in shares of ReNew Energy Global during the 4th quarter worth approximately $19,302,000. Northwest & Ethical Investments L.P. increased its holdings in shares of ReNew Energy Global by 6.3% during the 4th quarter. Northwest & Ethical Investments L.P. now owns 2,296,800 shares of the company’s stock worth $15,687,000 after buying an additional 135,606 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of ReNew Energy Global during the 4th quarter worth approximately $4,107,000. 43.56% of the stock is owned by hedge funds and other institutional investors.

ReNew Energy Global Stock Down 2.2%

Shares of NASDAQ RNW opened at $6.55 on Friday. The company has a 50 day simple moving average of $6.63 and a 200-day simple moving average of $6.52. The company has a market capitalization of $2.38 billion, a P/E ratio of 40.94 and a beta of 0.89. The company has a debt-to-equity ratio of 4.44, a current ratio of 0.60 and a quick ratio of 0.59. ReNew Energy Global PLC has a 1 year low of $5.15 and a 1 year high of $7.49.

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.