Clearway Energy Inc. (NYSE:CWEN) finished Wednesday with an addition of $0.8 to close at $25.25, an upside of 3.27 percent. An average of 1,046,400 shares of common stock have been traded in the last five days. There was a fall of -$0.02 in the past week, and it reached a new high 7 times over the past 12 months. The last 20 days have seen an average of 938,020 shares traded, while the 50-day average volume stands at 1,099,550.
CWEN stock has decreased by -9.50% in the last month. The company shares reached their 1-month lowest point of $23.60 on 08/08/23. With the stock rallying to its 52-week high on 01/17/23, shares of the company touched a low of $23.60 and a high of $41.79 in 52 weeks. It has reached a new high 7 times so far this year and lost -20.77% or -$6.62 in price. In spite of this, the price is down -39.58% from the 52-week high.
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Insider Transactions
CWEN stock investors should be aware that Clearway Energy Inc. (CWEN) stock had its last reported insider trading activity 268 days ago on Mar 31.
Valuation Metrics
Clearway Energy Inc. (CWEN) has a trailing price-to-earnings (P/E) ratio of 4.79. The stock’s beta is 0.70. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 3.14, the price-to-book (PB) ratio at 1.37.
The company has a payout ratio of 28.69%. The company’s most recent quarterly dividend payment was $0.3890 a share, representing a up of 1.83% from $0.3820 last year.
Financial Health
Clearway Energy Inc.’s EBITDA margin is 70.07%. Its gross profit as reported stood at $1.47 billion compared to revenue of $1.19 billion.
Earnings Surprise
At the end of the recent quarter, Clearway Energy Inc.’s stock balance sheet showed total liabilities of 8.5 billion. Shareholders own equity worth $202.07 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 09 August was 37.09%, suggesting the stock is Neutral, with historical volatility in this time frame at 27.85%.
As of today, CWEN’s price is $24.84 -0.08% or -$0.02 from its 5-day moving average. CWEN is currently trading -9.85% lower than its 20-day SMA and -17.27% lower than its 100-day SMA. However, the stock’s current price level is -13.59% below the SMA50 and -20.32% below the SMA200.
The stochastic %K and %D were 21.41% and 13.48%, respectively, and the average true range (ATR) was 0.71. With the 14-day stochastic at 36.75% and the average true range at 0.67, the RSI (14) stands at 34.69%. The stock has reached -0.47 on the 9-day MACD Oscillator while the 14-day reading was at -1.21.
Analyst Ratings
BofA Securities downgraded Clearway Energy Inc. (NYSE: CWEN) to a a Neutral rating in its most recent analyst report. Previously, the stock was rated as a Buy.
