The stock of Clearway Energy Inc. (NYSE:CWEN) increased by $0.19 on Friday to finish at $25.57, up 0.75 percent. The last five days have seen an average of 1,059,140 shares of common stock traded. 7 times new highs were reached in the current year, with a fall of -$6.30. The average number of shares traded over the last 20 days was 914,955, while the average volume over the last 50 days totaled 1,102,312.
CWEN stock dropped -7.76% since last month. On 08/08/23, the company’s shares reached a one-month low of $23.60. The stock touched a high of $41.79 on 01/17/23, after rallying from a low of $23.60 in 52 weeks. The price of CWEN stock has declined by -19.77% or -$6.30 this year, reaching a new high 7 times. Still, the stock price is down -38.81% from the 52-week high.
Insider Transactions
CWEN stock investors should be aware that Clearway Energy Inc. (CWEN) stock had its last reported insider trading activity 136 days ago on Mar 31. On Mar 31, Director TotalEnergies SE acquired 71,980 shares at $31.15 each. This transaction resulted in the insider spending $2,242,350. On Mar 31, Global Infrastructure Investor added 71,980 shares at a price of US$31.15. After the transaction, the insider now owns 172,601 shares. PRESIDENT AND CEO Sotos Christopher S had earlier sold 30,000 shares on Nov 15 for $35.23 a share. The transaction was completed for $1,056,822.
Valuation Metrics
Clearway Energy Inc. (CWEN) has a trailing price-to-earnings (P/E) ratio of 4.85. Beta for the stock is 0.70. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 3.09, the price-to-book (PB) ratio of 1.40.
Company paid $0.3890 per share in dividends, an increase of 1.83% from $0.3820 last year.
Financial Health
Based on annual data, it had gross profit of $1.47 billion and revenue of $1.19 billion.
Earnings Surprise
A higher net income was reported in the quarter under review than the previous quarter. EBITDA was $327.0 million for the quarter. At the end of Clearway Energy Inc.’s most recent quarter, its liabilities totaled 8.5 billion, while its total debt was $7.62 billion. Equity owned by shareholders amounts to $202.07 million.
Technical Picture
Here’s a quick look at Clearway Energy Inc.’s (CWEN) price momentum from a technical perspective. As of 11 August, the RSI 9-day stood at 43.43%, suggesting the stock is Neutral, with a 28.70% historical volatility rate.
The stochastic %K and %D were 41.17% and 31.45% respectively, while the average true range (ATR) was 0.67. Based on the 14-day stochastic reading of 47.13%, the RSI (14) reading is 39.11%. On the 9-day MACD Oscillator, the stock is at 0.27, and the 14-day reading is at -0.33.
Analyst Ratings
Clearway Energy Inc. (NYSE: CWEN) was downgraded by BofA Securities to a a Neutral rating in its latest research report. The stock was previously rated as a a Buy. Analysts have assigned Clearway Energy Inc. (CWEN) an Overweight rating. CWEN is a stock that is recommended for selling by 0 brokerage firms, while 3 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 7 others recommend it as a buy.
What is CWEN’s price target for the next 12 months?
The current consensus forecast for the stock is between $29.00 and $38.00, with a median target price of $34.00. In analyzing these forecasts, the average price target given by analysts for Clearway Energy Inc. (CWEN) is $34.20.
