Hsbc Holdings PLC Has $115,000 Stock Holdings in ReNew Energy Global Plc (NASDAQ:RNW)

Hsbc Holdings PLC grew its stake in shares of ReNew Energy Global Plc (NASDAQ:RNW) by 40.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 16,710 shares of the company’s stock after purchasing an additional 4,799 shares during the quarter. Hsbc Holdings PLC’s holdings in ReNew Energy Global were worth $115,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Franklin Resources Inc. increased its holdings in shares of ReNew Energy Global by 191.4% in the fourth quarter. Franklin Resources Inc. now owns 5,693,312 shares of the company’s stock valued at $38,885,000 after purchasing an additional 3,739,645 shares during the last quarter. Walleye Capital LLC bought a new stake in shares of ReNew Energy Global during the 4th quarter worth about $19,302,000. Northwest & Ethical Investments L.P. grew its stake in ReNew Energy Global by 6.3% in the 4th quarter. Northwest & Ethical Investments L.P. now owns 2,296,800 shares of the company’s stock valued at $15,687,000 after buying an additional 135,606 shares during the last quarter. Helikon Investments Ltd bought a new position in ReNew Energy Global in the 4th quarter valued at about $15,055,000. Finally, State of New Jersey Common Pension Fund D acquired a new stake in ReNew Energy Global during the fourth quarter worth approximately $4,436,000. Institutional investors own 43.56% of the company’s stock.

ReNew Energy Global Stock Up 2.2%

RNW stock opened at $6.58 on Monday. ReNew Energy Global Plc has a fifty-two week low of $5.15 and a fifty-two week high of $7.49. The company has a debt-to-equity ratio of 4.74, a current ratio of 0.60 and a quick ratio of 0.64. The stock has a market capitalization of $2.39 billion, a price-to-earnings ratio of 131.60 and a beta of 0.88. The business’s fifty day moving average price is $6.15 and its two-hundred day moving average price is $6.29.

ReNew Energy Global (NASDAQ:RNW) last released its quarterly earnings results on Tuesday, February 18th. The company reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.07). ReNew Energy Global had a return on equity of 1.75% and a net margin of 2.17%. The business had revenue of $248.00 million for the quarter, compared to the consensus estimate of $20.22 billion. On average, equities analysts anticipate that ReNew Energy Global Plc will post 0.15 earnings per share for the current year.

Analyst Ratings Changes

Separately, Roth Mkm reduced their price objective on ReNew Energy Global from $8.00 to $7.50 and set a “buy” rating for the company in a report on Friday, February 21st.

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.