ReNew Energy Global Plc (NASDAQ:RNW – Get Rating)'s stock price gapped up before the market opened on Wednesday . The stock had previously closed at $5.70, but opened at $5.84. ReNew Energy Global shares last traded at $5.72, with a volume of 542 shares traded.
ReNew Energy Global Price Performance
The stock's 50 day simple moving average is $5.84 and its 200-day simple moving average is $6.34. The firm has a market cap of $2.22 billion, a price-to-earnings ratio of -15.86 and a beta of 0.39. The company has a debt-to-equity ratio of 3.24, a quick ratio of 1.25 and a current ratio of 1.26.
Get ReNew Energy Global alerts:ReNew Energy Global (NASDAQ:RNW – Get Rating) last announced its quarterly earnings data on Tuesday, November 15th. The company reported ($0.03) earnings per share for the quarter, missing analysts' consensus estimates of $0.07 by ($0.10). The company had revenue of $275.00 million for the quarter, compared to analysts' expectations of $281.10 million. ReNew Energy Global had a negative net margin of 14.54% and a negative return on equity of 8.78%. Equities research analysts anticipate that ReNew Energy Global Plc will post -0.11 EPS for the current fiscal year.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of RNW. Quantbot Technologies LP increased its holdings in ReNew Energy Global by 556.4% in the 2nd quarter. Quantbot Technologies LP now owns 4,595 shares of the company's stock worth $29,000 after buying an additional 3,895 shares during the period. FNY Investment Advisers LLC purchased a new stake in shares of ReNew Energy Global in the 2nd quarter valued at $42,000. Amundi acquired a new stake in shares of ReNew Energy Global in the second quarter worth $71,000. Envestnet Asset Management Inc. purchased a new position in shares of ReNew Energy Global during the first quarter worth $93,000. Finally, Fox Run Management L.L.C. acquired a new position in ReNew Energy Global during the third quarter valued at $69,000. 45.89% of the stock is currently owned by hedge funds and other institutional investors.About ReNew Energy Global
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ReNew Energy Global Plc generates power through non-conventional and renewable energy sources in India. The company operates through Wind Power and Solar Power segments. It develops, builds, owns, and operates utility scale wind and solar energy projects, as well as distributed solar energy projects that generate energy for commercial and industrial customers.
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