Clearway Energy (NYSE:CWEN) Rating Lowered to Sell at StockNews.com (2024)

Clearway Energy (NYSE:CWEN – Get Free Report) was downgraded by equities researchers at StockNews.com from a “hold” rating to a “sell” rating in a research report issued on Thursday.

A number of other analysts have also issued reports on CWEN. Evercore ISI boosted their target price on Clearway Energy from $25.00 to $30.00 and gave the company an “outperform” rating in a research report on Tuesday, May 14th. Morgan Stanley upgraded Clearway Energy from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $25.00 to $36.00 in a report on Wednesday. Finally, Roth Mkm raised their target price on Clearway Energy from $29.00 to $30.00 and gave the company a “buy” rating in a report on Monday, May 13th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $31.17.

View Our Latest Analysis on Clearway Energy

Clearway Energy Stock Performance

Shares of Clearway Energy stock opened at $27.69 on Thursday. The firm has a market cap of $5.60 billion, a PE ratio of 41.95 and a beta of 0.85. The company has a quick ratio of 1.65, a current ratio of 1.46 and a debt-to-equity ratio of 1.19. Clearway Energy has a 52 week low of $18.59 and a 52 week high of $28.71. The business’s fifty day simple moving average is $26.08 and its 200-day simple moving average is $24.46.

Clearway Energy (NYSE:CWEN – Get Free Report) last posted its earnings results on Thursday, August 1st. The company reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.23). The company had revenue of $366.00 million during the quarter, compared to analyst estimates of $424.59 million. Clearway Energy had a net margin of 7.21% and a return on equity of 1.80%. The company’s quarterly revenue was down 9.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.33 EPS. Equities analysts forecast that Clearway Energy will post 0.74 earnings per share for the current year.

Institutional Trading of Clearway Energy

A number of large investors have recently made changes to their positions in CWEN. Scarborough Advisors LLC acquired a new position in Clearway Energy during the 4th quarter worth approximately $25,000. Mather Group LLC. acquired a new position in shares of Clearway Energy during the first quarter worth $37,000. Abich Financial Wealth Management LLC increased its holdings in Clearway Energy by 49.8% in the first quarter. Abich Financial Wealth Management LLC now owns 1,879 shares of the company’s stock valued at $43,000 after buying an additional 625 shares during the last quarter. Avalon Trust Co acquired a new stake in Clearway Energy in the fourth quarter valued at $47,000. Finally, Whittier Trust Co. lifted its holdings in Clearway Energy by 33.8% during the 2nd quarter. Whittier Trust Co. now owns 2,027 shares of the company’s stock worth $50,000 after buying an additional 512 shares during the last quarter. 38.03% of the stock is currently owned by hedge funds and other institutional investors.

About Clearway Energy

(Get Free Report)

Clearway Energy, Inc operates in the renewable energy business in the United States. The company operates through Conventional and Renewables segments. It has approximately 6,000 net MW of installed wind, solar, and energy generation projects; and approximately 2,500 net MW of natural gas-fired generation facilities.

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