Healthcare of Ontario Pension Plan Trust Fund Increases Stake in ReNew Energy Global Plc (NASDAQ:RNW)

Healthcare of Ontario Pension Plan Trust Fund boosted its stake in ReNew Energy Global Plc (NASDAQ:RNW) by 14.3% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 270,048 shares of the company’s stock after purchasing an additional 33,835 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in ReNew Energy Global were worth $1,620,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the stock. Everett Harris & Co. CA purchased a new position in shares of ReNew Energy Global in the 1st quarter worth about $90,000. Dynamic Technology Lab Private Ltd acquired a new stake in ReNew Energy Global during the 4th quarter worth approximately $113,000. Victory Capital Management Inc. purchased a new position in ReNew Energy Global in the fourth quarter valued at approximately $136,000. Cerity Partners LLC acquired a new position in ReNew Energy Global during the fourth quarter valued at approximately $180,000. Finally, Syon Capital LLC grew its stake in ReNew Energy Global by 89.4% during the fourth quarter. Syon Capital LLC now owns 32,395 shares of the company’s stock worth $248,000 after buying an additional 15,295 shares during the period. 43.56% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Roth Mkm reissued a “buy” rating and issued a $9.00 target price (up previously from $8.00) on shares of ReNew Energy Global in a research note on Friday, June 7th.

ReNew Energy Global Stock Down 3.8 %

Shares of RNW stock traded down $0.22 during trading hours on Thursday, reaching $5.52. The company had a trading volume of 719,693 shares, compared to its average volume of 923,511. The stock’s fifty day simple moving average is $6.08 and its 200 day simple moving average is $6.21. The company has a market capitalization of $2.06 billion, a P/E ratio of 46.83 and a beta of 0.93. The company has a debt-to-equity ratio of 4.65, a quick ratio of 0.72 and a current ratio of 0.73. ReNew Energy Global Plc has a twelve month low of $4.78 and a twelve month high of $7.79.

ReNew Energy Global (NASDAQ:RNW) last posted its quarterly earnings data on Wednesday, June 5th. The company reported $0.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.08. ReNew Energy Global had a net margin of 4.17% and a return on equity of 3.36%. The company had revenue of $297.00 million for the quarter, compared to analyst estimates of $243.45 million. As a group, sell-side analysts expect that ReNew Energy Global Plc will post 0.13 earnings per share for the current fiscal year.

ReNew Energy Global 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.