Carrera Capital Advisors Grows Stock Holdings in ReNew Energy Global PLC $RNW

Carrera Capital Advisors raised its position in ReNew Energy Global PLC (NASDAQ:RNW) by 164.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 330,881 shares of the company’s stock after acquiring an additional 205,782 shares during the quarter. Carrera Capital Advisors’ holdings in ReNew Energy Global were worth $2,286,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of RNW. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC purchased a new position in shares of ReNew Energy Global in the first quarter valued at about $34,651,000. Millennium Management LLC boosted its stake in shares of ReNew Energy Global by 22.9% during the 1st quarter. Millennium Management LLC now owns 6,351,699 shares of the company’s stock valued at $37,412,000 after purchasing an additional 1,182,123 shares in the last quarter. Invesco Ltd. boosted its stake in shares of ReNew Energy Global by 16.8% during the 1st quarter. Invesco Ltd. now owns 2,476,280 shares of the company’s stock valued at $14,585,000 after purchasing an additional 356,311 shares in the last quarter. Fiera Capital Corp bought a new stake in shares of ReNew Energy Global during the 1st quarter valued at about $1,865,000. Finally, Groupe la Francaise bought a new stake in shares of ReNew Energy Global during the 1st quarter valued at about $1,892,000. Hedge funds and other institutional investors own 43.56% of the company’s stock.

ReNew Energy Global Trading Up 0.1%

Shares of RNW opened at $7.58 on Friday. The firm’s 50-day moving average price is $7.75 and its 200-day moving average price is $7.20. The firm has a market capitalization of $2.75 billion, a price-to-earnings ratio of 23.69 and a beta of 0.89. The company has a current ratio of 0.77, a quick ratio of 0.73 and a debt-to-equity ratio of 4.42. ReNew Energy Global PLC has a 1-year low of $5.15 and a 1-year high of $8.24.

ReNew Energy Global (NASDAQ:RNW) last announced its earnings results on Wednesday, August 13th. The company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.05. The firm had revenue of $480.35 million for the quarter, compared to analyst estimates of $32.46 billion. ReNew Energy Global had a net margin of 5.77% and a return on equity of 8.34%. Sell-side analysts anticipate that ReNew Energy Global PLC will post 0.15 EPS for the current year.

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.