Tejara Capital Ltd Makes New $1.55 Million Investment in ReNew Energy Global PLC $RNW

Tejara Capital Ltd bought a new position in ReNew Energy Global PLC (NASDAQ:RNW) in the 4th quarter, according to its most recent disclosure with the SEC. The firm bought 274,800 shares of the company’s stock, valued at approximately $1,553,000. Tejara Capital Ltd owned 0.08% of ReNew Energy Global at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Credit Industriel ET Commercial boosted its position in shares of ReNew Energy Global by 123.0% during the fourth quarter. Credit Industriel ET Commercial now owns 139,390 shares of the company’s stock valued at $788,000 after purchasing an additional 76,887 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in ReNew Energy Global in the fourth quarter worth $323,000. SBI Securities Co. Ltd. bought a new position in ReNew Energy Global in the fourth quarter worth $37,000. Hussman Strategic Advisors Inc. purchased a new position in ReNew Energy Global during the fourth quarter valued at $593,000. Finally, R Squared Ltd lifted its position in ReNew Energy Global by 17.4% during the fourth quarter. R Squared Ltd now owns 38,232 shares of the company’s stock valued at $216,000 after buying an additional 5,678 shares during the period. Hedge funds and other institutional investors own 43.56% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on RNW. Weiss Ratings cut shares of ReNew Energy Global from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, March 13th. Morgan Stanley set a $6.03 price target on ReNew Energy Global in a research report on Monday, February 2nd. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average target price of $6.52.

ReNew Energy Global Stock Performance

Shares of RNW opened at $5.54 on Friday. The company has a debt-to-equity ratio of 3.84, a current ratio of 0.57 and a quick ratio of 0.52. ReNew Energy Global PLC has a one year low of $4.39 and a one year high of $8.24. The firm has a market capitalization of $2.01 billion, a P/E ratio of 13.19 and a beta of 1.07. The business has a fifty day moving average of $5.09 and a 200 day moving average of $5.84.

ReNew Energy Global (NASDAQ:RNW) last issued its quarterly earnings data on Monday, February 16th. The company reported $0.00 earnings per share for the quarter, topping the consensus estimate of ($0.12) by $0.12. ReNew Energy Global had a net margin of 6.95% and a return on equity of 10.50%. The firm had revenue of $349.01 million for the quarter, compared to analysts’ expectations of $262.33 million. As a group, sell-side analysts anticipate that ReNew Energy Global PLC will post 0.07 EPS for the current year.

About ReNew Energy Global

ReNew Energy Global PLC is an independent power producer specializing in the development, construction, ownership and operation of utility-scale renewable energy projects. Headquartered in Gurugram, India, the company focuses on onshore wind farms, solar photovoltaic plants and hybrid energy systems, often paired with battery energy storage to enhance grid stability and dispatch flexibility. ReNew Energy Global markets electricity under long-term power purchase agreements, serving utilities, distribution companies and corporate offtakers.

The company’s core business activities encompass site identification, project design, procurement, construction management and ongoing asset management.