ReNew Energy Global Plc (NASDAQ:RNW) Shares Sold by Daymark Wealth Partners LLC

Daymark Wealth Partners LLC trimmed its position in ReNew Energy Global Plc (NASDAQ:RNW) by 4.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,303,279 shares of the company’s stock after selling 55,500 shares during the period. Daymark Wealth Partners LLC’s holdings in ReNew Energy Global were worth $8,901,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Ballentine Partners LLC acquired a new stake in shares of ReNew Energy Global in the fourth quarter valued at about $107,000. FNY Investment Advisers LLC increased its stake in shares of ReNew Energy Global by 509.0% in the 4th quarter. FNY Investment Advisers LLC now owns 50,547 shares of the company’s stock worth $345,000 after acquiring an additional 42,247 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of ReNew Energy Global by 26.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 148,777 shares of the company’s stock worth $936,000 after acquiring an additional 31,125 shares during the period. Franklin Resources Inc. acquired a new position in shares of ReNew Energy Global during the 3rd quarter valued at about $11,585,000. Finally, Barclays PLC boosted its holdings in ReNew Energy Global by 382.5% in the 3rd quarter. Barclays PLC now owns 26,381 shares of the company’s stock valued at $166,000 after purchasing an additional 20,913 shares during the last quarter. 43.56% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley cut ReNew Energy Global from an “overweight” rating to an “equal weight” rating in a research note on Thursday, September 26th.

ReNew Energy Global Stock Down 0.1 %

ReNew Energy Global stock opened at $6.77 on Wednesday. The company has a debt-to-equity ratio of 4.51, a quick ratio of 0.64 and a current ratio of 0.65. The firm has a 50 day moving average price of $6.45 and a 200 day moving average price of $6.08. 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 market capitalization of $2.46 billion, a PE ratio of 112.85 and a beta of 0.90.

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.