NYSE:CWEN

Clearway Energy (CWEN) Stock Price, News & Analysis

$27.45
-0.02 (-0.07%)
(As of 02:21 PM ET)
Today's Range
$27.45
$28.00
50-Day Range
$20.90
$27.47
52-Week Range
$18.59
$31.72
Volume
275,759 shs
Average Volume
916,110 shs
Market Capitalization
$5.55 billion
P/E Ratio
41.59
Dividend Yield
5.87%
Price Target
$29.00

Clearway Energy MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.57 Rating Score
Upside/​Downside
4.8% Upside
$29.00 Price Target
Short Interest
Healthy
3.12% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
1.12mentions of Clearway Energy in the last 14 days
Based on 22 Articles This Week
Insider Trading
Acquiring Shares
$4.50 M Bought Last Quarter
Proj. Earnings Growth
N/A

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.40 out of 5 stars

Oils/Energy Sector

164th out of 243 stocks

Electric Services Industry

28th out of 41 stocks

CWEN stock logo

About Clearway Energy Stock (NYSE:CWEN)

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. The company was formerly known as NRG Yield, Inc. and changed its name to Clearway Energy, Inc. in August 2018. Clearway Energy, Inc. was incorporated in 2012 and is based in Princeton, New Jersey. Clearway Energy, Inc. is a subsidiary of Clearway Energy Group LLC.

CWEN Stock Price History

CWEN Stock News Headlines

Clearway Energy: Q1 Earnings Snapshot
CWEN: Raising target price to $25.00
Refund Riches: 3 Stocks to Buy With Your Tax Windfall
16 Countries with Cleanest Energy in the World
See More Headlines
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Company Calendar

Ex-Dividend for 3/15 Dividend
2/29/2024
Dividend Payable
3/15/2024
Last Earnings
5/09/2024
Today
5/15/2024
Ex-Dividend for 6/17 Dividend
6/03/2024
Dividend Payable
6/17/2024
Next Earnings (Estimated)
8/13/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Electric services
Sub-Industry
N/A
Fax
N/A
Employees
61
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$29.00
High Stock Price Target
$37.00
Low Stock Price Target
$25.00
Potential Upside/Downside
+4.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.57
Research Coverage
7 Analysts

Profitability

Net Income
$79 million
Pretax Margin
-1.78%

Debt

Sales & Book Value

Annual Sales
$1.31 billion
Cash Flow
$4.09 per share
Book Value
$24.97 per share

Miscellaneous

Free Float
200,970,000
Market Cap
$5.60 billion
Optionable
Optionable
Beta
0.86
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CWEN Stock Analysis - Frequently Asked Questions

Should I buy or sell Clearway Energy stock right now?

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Clearway Energy in the last year. There are currently 3 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" CWEN shares.
View CWEN analyst ratings
or view top-rated stocks.

What is Clearway Energy's stock price target for 2024?

7 Wall Street analysts have issued 1 year price objectives for Clearway Energy's shares. Their CWEN share price targets range from $25.00 to $37.00. On average, they anticipate the company's share price to reach $29.00 in the next twelve months. This suggests a possible upside of 4.8% from the stock's current price.
View analysts price targets for CWEN
or view top-rated stocks among Wall Street analysts.

How have CWEN shares performed in 2024?

Clearway Energy's stock was trading at $27.43 on January 1st, 2024. Since then, CWEN shares have increased by 0.9% and is now trading at $27.68.
View the best growth stocks for 2024 here
.

Are investors shorting Clearway Energy?

Clearway Energy saw a increase in short interest in the month of April. As of April 15th, there was short interest totaling 2,550,000 shares, an increase of 19.7% from the March 31st total of 2,130,000 shares. Based on an average daily trading volume, of 910,900 shares, the days-to-cover ratio is currently 2.8 days. Currently, 3.2% of the company's shares are short sold.
View Clearway Energy's Short Interest
.

When is Clearway Energy's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 13th 2024.
View our CWEN earnings forecast
.

How were Clearway Energy's earnings last quarter?

Clearway Energy, Inc. (NYSE:CWEN) released its earnings results on Thursday, May, 9th. The company reported ($0.02) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.27) by $0.25. The business earned $263 million during the quarter, compared to analysts' expectations of $286.26 million. Clearway Energy had a trailing twelve-month return on equity of 1.67% and a net margin of 5.97%. The business's revenue was down 8.7% compared to the same quarter last year.

How often does Clearway Energy pay dividends? What is the dividend yield for Clearway Energy?

Clearway Energy announced a quarterly dividend on Thursday, May 9th. Investors of record on Monday, June 3rd will be given a dividend of $0.41 per share on Monday, June 17th. This represents a $1.64 annualized dividend and a yield of 5.92%. The ex-dividend date is Monday, June 3rd. This is an increase from the stock's previous quarterly dividend of $0.40.
Read our dividend analysis for CWEN
.

Is Clearway Energy a good dividend stock?

Clearway Energy (NYSE:CWEN) pays an annual dividend of $1.61 per share and currently has a dividend yield of 6.00%. CWEN has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 4 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 243.94%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, CWEN will have a dividend payout ratio of 171.28% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for CWEN.

What other stocks do shareholders of Clearway Energy own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Clearway Energy investors own include Pfizer (PFE), AbbVie (ABBV), AT&T (T), Enterprise Products Partners (EPD), Advanced Micro Devices (AMD), Abbott Laboratories (ABT), CVS Health (CVS), General Electric (GE), Target (TGT) and Bank of America (BAC).

Who are Clearway Energy's major shareholders?

Clearway Energy's stock is owned by a variety of institutional and retail investors. Top institutional investors include Kayne Anderson Capital Advisors LP (0.17%), Congress Asset Management Co. MA (0.09%), Nordea Investment Management AB (0.08%), Susquehanna Portfolio Strategies LLC (0.06%), PFG Investments LLC (0.04%) and Courier Capital LLC (0.02%). Insiders that own company stock include Christopher S Sotos, E Stanley Oneal, Infrastructure Investor Global and Se Totalenergies.
View institutional ownership trends
.

How do I buy shares of Clearway Energy?

Shares of CWEN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:CWEN) was last updated on 5/15/2024 by MarketBeat.com Staff

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