Research Recommendations For Clearway Energy Inc. (CWEN): Here is What You Should Know

Clearway Energy Inc. (NYSE:CWEN) saw an upside of 3.56% to close Monday at $33.46 after adding $1.15 on the day. The 5-day average trading volume is 857,180 shares of the company’s common stock. It has gained $34.64 in the past week. An average of 654,875 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 584,132.

CWEN’s 1-month performance is 7.52% or $2.34 on its low of $30.03 reached on 10/04/21. The company’s shares have touched a 52-week low of $24.93 and high of $37.23, with the stock’s rally to the 52-week high happening on 01/07/21. YTD, CWEN has achieved 4.79% or $1.53. However, the current price is down -10.13%% from the 52-week high price.


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Valuation Metrics

The company’s PE ratio for the last five years has touched a high of 173.90 and a low of 20.71. CWEN stock has a beta of 0.00. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 2.23 while the price-to-book (PB) in the most recent quarter is 2.17.

Clearway Energy Inc. pays an annual dividend of $1.34 per share. Its dividend yield is 4.00%. CWEN’s most recent quarterly dividend payment was made on Sep. 15, when it paid $0.3350 a share compared with prior rate of $0.3290, up 1.79% from last year’s. The company has boosted its dividend for the last 2 consecutive years with the latest dividend increase of $0.0060 reported on Tuesday August 3 2021. Measured over the last 3 years, the Dividend has been growing by -4.33% yearly.

It is projected that Clearway Energy Inc.’s next ex-dividend date will be on 30-Nov-2021. CWEN is expected to distribute $0.3345 as its next dividend.

Earnings Surprise

Net income and sales went up compared to those figures reported in the previous quarter. EBITDA for the quarter stood at more than $302.0 million. CWEN stock balance sheet for the recent quarter shows that total liabilities totaled 8.88 billion, with total debt at $8.4 billion. Shareholders hold equity totaling $201.84 million

Technical Picture

Let’s look briefly at Clearway Energy Inc. (CWEN) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 11 October was 75.57% to suggest the stock is trending Overbought, with historical volatility in this time period at 33.12%.

The stock’s 5-day moving average is $32.17, reflecting a +10.07% or $3.06 change from its current price. CWEN is currently trading +8.50% above its 20-day SMA, +28.99% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +16.67% and +1.67% respectively.

Stochastic %K and %D was 83.18% and 77.28% and the average true range (ATR) pointed at 0.88. The RSI (14) points at 69.32%, while the 14-day stochastic is at 74.40% with the period’s ATR at 0.79. The stock’s 9-day MACD Oscillator is pointing at 1.25 and 1.25 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Clearway Energy Inc. (NYSE: CWEN), Evercore ISI upgraded it to an Outperform rating. They previously had an In-line rating on the stock. Analysts offering their rating for CWEN stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate CWEN as a “sell,”, while 3 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 6 have offered a “buy” rating.

What is CWEN’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $32.00 and a high of $36.00, with their median price target at $34.00. Looking at these predictions, the average price target given by analysts is for Clearway Energy Inc. (CWEN) stock is $34.13.

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