ReNew Energy Global (NASDAQ:RNWWW) Shares Up 13.5% – Time to Buy?

ReNew Energy Global Plc (NASDAQ:RNWWW)’s stock price traded up 13.5% during mid-day trading on Tuesday . The company traded as high as $0.15 and last traded at $0.15. 323 shares were traded during mid-day trading, a decline of 98% from the average session volume of 16,843 shares. The stock had previously closed at $0.13.

ReNew Energy Global Stock Up 13.5 %

The stock’s fifty day moving average is $0.17 and its 200-day moving average is $0.24.

Institutional Investors Weigh In On ReNew Energy Global

A number of hedge funds have recently bought and sold shares of the company. Wolverine Asset Management LLC boosted its holdings in ReNew Energy Global by 94.0% during the fourth quarter. Wolverine Asset Management LLC now owns 191,067 shares of the company’s stock valued at $31,000 after acquiring an additional 92,565 shares during the period. Greenland Capital Management LP boosted its holdings in ReNew Energy Global by 52.0% during the fourth quarter. Greenland Capital Management LP now owns 425,946 shares of the company’s stock valued at $69,000 after acquiring an additional 145,742 shares during the period. CSS LLC IL boosted its holdings in ReNew Energy Global by 223.4% during the fourth quarter. CSS LLC IL now owns 683,059 shares of the company’s stock valued at $111,000 after acquiring an additional 471,878 shares during the period. Aristeia Capital L.L.C. boosted its holdings in ReNew Energy Global by 85.2% during the fourth quarter. Aristeia Capital L.L.C. now owns 1,076,377 shares of the company’s stock valued at $168,000 after acquiring an additional 495,094 shares during the period. Finally, Highbridge Capital Management LLC raised its position in shares of ReNew Energy Global by 65.4% during the fourth quarter. Highbridge Capital Management LLC now owns 2,398,815 shares of the company’s stock valued at $391,000 after buying an additional 948,500 shares during the last quarter.

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.