ReNew Energy Global (NASDAQ:RNWWW) Stock Price Down 7.7% – Here’s What Happened

ReNew Energy Global Plc (NASDAQ:RNWWW) shares dropped 7.7% during trading on Thursday . The stock traded as low as $0.27 and last traded at $0.30. Approximately 3,082 shares were traded during trading, a decline of 84% from the average daily volume of 19,858 shares. The stock had previously closed at $0.33.

ReNew Energy Global Stock Performance

The firm has a 50 day simple moving average of $0.35 and a 200 day simple moving average of $0.42.

Hedge Funds Weigh In On ReNew Energy Global

An institutional investor recently raised its position in ReNew Energy Global stock. Privium Fund Management B.V. increased its position in ReNew Energy Global Plc (NASDAQ:RNWWW) by 17.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 508,575 shares of the company’s stock after purchasing an additional 75,277 shares during the quarter. Privium Fund Management B.V.’s holdings in ReNew Energy Global were worth $254,000 as of its most recent SEC filing.

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.