Aristides Capital LLC Grows Stock Holdings in ReNew Energy Global Plc (NASDAQ:RNW)

Aristides Capital LLC lifted its stake in ReNew Energy Global Plc (NASDAQ:RNW) by 12.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 132,100 shares of the company’s stock after purchasing an additional 14,260 shares during the quarter. Aristides Capital LLC’s holdings in ReNew Energy Global were worth $902,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Summit Securities Group LLC acquired a new stake in shares of ReNew Energy Global in the 4th quarter worth $34,000. Signaturefd LLC purchased a new stake in shares of ReNew Energy Global in the fourth quarter valued at about $65,000. SG Americas Securities LLC acquired a new stake in ReNew Energy Global during the fourth quarter worth about $75,000. Ballentine Partners LLC purchased a new position in ReNew Energy Global during the fourth quarter worth about $107,000. Finally, Quantbot Technologies LP boosted its holdings in ReNew Energy Global by 454.7% in the 3rd quarter. Quantbot Technologies LP now owns 15,788 shares of the company’s stock valued at $99,000 after purchasing an additional 12,942 shares during the last quarter. Hedge funds and other institutional investors own 43.56% of the company’s stock.

ReNew Energy Global Price Performance

NASDAQ:RNW opened at $5.78 on Friday. The company has a market capitalization of $2.10 billion, a P/E ratio of 115.60 and a beta of 0.89. The company has a quick ratio of 0.64, a current ratio of 0.60 and a debt-to-equity ratio of 4.74. ReNew Energy Global Plc has a 52 week low of $5.15 and a 52 week high of $7.49. The stock’s fifty day moving average is $6.31 and its two-hundred day moving average is $6.28.

ReNew Energy Global (NASDAQ:RNW) last posted its 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 net margin of 2.17% and a return on equity of 1.75%. The company had revenue of $248.00 million during the quarter, compared to analyst estimates of $20.22 billion. Equities analysts expect that ReNew Energy Global Plc will post 0.15 EPS for the current year.

Analysts Set New Price Targets

Separately, Roth Mkm cut their price target on shares of 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.