Analysis Of The Weekly Performance Of Clearway Energy Inc. (CWEN)

Clearway Energy Inc. (NYSE:CWEN) finished Friday with an addition of $0.42 to close at $32.14, an upside of 1.32 percent. An average of 608,500 shares of common stock have been traded in the last five days. There was a gain of $0.92 in the past week, and it reached a new high 11 times over the past 12 months. The last 20 days have seen an average of 895,815 shares traded, while the 50-day average volume stands at 704,454.

CWEN stock has increased by 0.41% in the last month. The company shares reached their 1-month lowest point of $30.03 on 10/04/21. With the stock rallying to its 52-week high on 01/07/21, shares of the company touched a low of $24.93 and a high of $37.23 in 52 weeks. It has reached a new high 4 times so far this year and achieved 0.66% or $0.21 in price. In spite of this, the price is down -13.67% from the 52-week high.


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Valuation Metrics

Clearway Energy Inc. (CWEN) has a trailing price-to-earnings (P/E) ratio of 65.86, which compares with the 27.00 for the broader industry and 23.78 for the sector. In the last five years, Clearway Energy Inc.’s PE ratio has ranged between 173.90 and 20.71. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.14, the price-to-book (PB) ratio at 2.08.

Clearway Energy Inc. pays a $1.34 dividend per share annually. It offers a dividend yield of 4.17%. The company’s most recent quarterly dividend payment took place on Sep. 15, and it was $0.3350 a share, representing a up of 1.82% from $0.3290 last year. Its dividend has been increased for the last 2 consecutive years with the latest increase dividend $0.0060 reported on Tuesday August 3 2021.Dividends have grown by -4.33% each year over the last three years.

Clearway Energy Inc.’s EBITDA margin is 68.84%. Its gross profit as reported stood at $333.0 million compared to revenue of $1.2 billion.

Earnings Surprise

Shareholders own equity worth $201.84 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Clearway Energy Inc. (CWEN) price momentum. RSI 9-day as of the close on 22 October was 53.09%, suggesting the stock is Neutral, with historical volatility in this time frame at 43.71%.

As of today, CWEN’s price is $31.70 +2.95% or $0.92 from its 5-day moving average. CWEN is currently trading +0.97% higher than its 20-day SMA and +21.83% higher than its 100-day SMA. However, the stock’s current price level is +4.35% above the SMA50 and -11.99% below the SMA200.

The stochastic %K and %D were 34.99% and 34.68%, respectively, and the average true range (ATR) was 0.84. With the 14-day stochastic at 34.90% and the average true range at 0.82, the RSI (14) stands at 53.42%. The stock has reached -0.45 on the 9-day MACD Oscillator while the 14-day reading was at -0.42.

Analyst Ratings

Evercore ISI upgraded Clearway Energy Inc. (NYSE: CWEN) to a an Outperform rating in its most recent analyst report. Previously, the stock was rated as an In-line. The consensus rating for Clearway Energy Inc. (CWEN) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell CWEN, while 3 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 6 others rate it as a “buy”.

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

Analysts predict a range of price targets between $32.00 and $39.00, with a median target of $35.00. Taking a look at these predictions, the average price target given by analysts for Clearway Energy Inc. (CWEN) stock is $34.88.

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