Clearway Energy (CWEN) Stock Price, News & Analysis

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

6 equities research analysts have issued twelve-month target prices for Clearway Energy's stock. Their CWEN share price targets range from $25.00 to $37.00. On average, they expect the company's stock price to reach $28.33 in the next twelve months. This suggests a possible upside of 21.3% from the stock's current price.
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Clearway Energy's stock was trading at $27.43 at the beginning of 2024. Since then, CWEN stock has decreased by 14.9% and is now trading at $23.3550.
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Clearway Energy saw a decline in short interest during the month of March. As of March 15th, there was short interest totaling 2,220,000 shares, a decline of 20.7% from the February 29th total of 2,800,000 shares. Based on an average daily volume of 869,400 shares, the days-to-cover ratio is currently 2.6 days. Currently, 2.8% of the shares of the company are sold short.
View Clearway Energy's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 9th 2024.
View our CWEN earnings forecast.

Clearway Energy will be holding an earnings conference call on Thursday, May 9th at 8:00 AM Eastern. Interested parties can register for or listen to the call using this link.

Clearway Energy, Inc. (NYSE:CWEN) issued its quarterly earnings data on Thursday, February, 22nd. The company reported $0.31 EPS for the quarter, topping analysts' consensus estimates of $0.16 by $0.15. The company had revenue of $249 million for the quarter, compared to analyst estimates of $282.45 million. Clearway Energy had a trailing twelve-month return on equity of 1.80% and a net margin of 6.01%. The business's quarterly revenue was down 18.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.10 earnings per share.

Clearway Energy declared a quarterly dividend on Wednesday, February 14th. Shareholders of record on Friday, March 1st will be given a dividend of $0.403 per share on Friday, March 15th. This represents a $1.61 dividend on an annualized basis and a dividend yield of 6.90%. The ex-dividend date is Thursday, February 29th. This is an increase from the stock's previous quarterly dividend of $0.40.
Read our dividend analysis for CWEN.

Clearway Energy (NYSE:CWEN) pays an annual dividend of $1.61 per share and currently has a dividend yield of 7.00%. 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 5 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio is 236.76%. 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.

ETFs with the largest weight of Clearway Energy (NYSE:CWEN) stock in their portfolio include BNY Mellon Global Infrastructure Income ETF (BKGI), Invesco S&P SmallCap Utilities & Communication Services ETF (PSCU), First Trust Utilities AlphaDEX Fund (FXU), TrueShares Eagle Global Renewable Energy Income ETF (RNWZ), ALPS Clean Energy ETF (ACES), Fidelity Clean Energy ETF (FRNW), Invesco Solar ETF (TAN) and Xtrackers US Green Infrastructure Select Equity ETF (UPGR).

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).

Clearway Energy's stock is owned by a variety of institutional and retail investors. Top institutional investors include Congress Asset Management Co. MA (0.09%), PFG Investments LLC (0.04%), Courier Capital LLC (0.02%), Abundance Wealth Counselors (0.01%), Oak Thistle LLC (0.01%) and Fulton Bank N.A. (0.01%). Insiders that own company stock include Christopher S Sotos, E Stanley Oneal, Infrastructure Investor Global and Se Totalenergies.
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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.
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