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Stock market today: World shares are mostly higher after S&P 500 sets another record
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A UK financial trader dubbed the ringleader of an interest rate manipulation scandal loses an appeal
Merck, Cintas rise; GameStop, MiMedx fall, Wednesday, 3/27/2024
S&P 500   5,248.49
DOW   39,760.08
QQQ   444.83
Stock market today: World shares are mostly higher after S&P 500 sets another record
Best Bear Market Funds: Top 3 Investment Options to Consider
Mid-Cap Stocks to Outperform the Market This Cycle
Is DraftKings A Good Bet Ahead of Q1 Earnings?
How and When to Roll Your Options Positions?
A UK financial trader dubbed the ringleader of an interest rate manipulation scandal loses an appeal
Merck, Cintas rise; GameStop, MiMedx fall, Wednesday, 3/27/2024
S&P 500   5,248.49
DOW   39,760.08
QQQ   444.83
Stock market today: World shares are mostly higher after S&P 500 sets another record
Best Bear Market Funds: Top 3 Investment Options to Consider
Mid-Cap Stocks to Outperform the Market This Cycle
Is DraftKings A Good Bet Ahead of Q1 Earnings?
How and When to Roll Your Options Positions?
A UK financial trader dubbed the ringleader of an interest rate manipulation scandal loses an appeal
Merck, Cintas rise; GameStop, MiMedx fall, Wednesday, 3/27/2024
S&P 500   5,248.49
DOW   39,760.08
QQQ   444.83
Stock market today: World shares are mostly higher after S&P 500 sets another record
Best Bear Market Funds: Top 3 Investment Options to Consider
Mid-Cap Stocks to Outperform the Market This Cycle
Is DraftKings A Good Bet Ahead of Q1 Earnings?
How and When to Roll Your Options Positions?
A UK financial trader dubbed the ringleader of an interest rate manipulation scandal loses an appeal
Merck, Cintas rise; GameStop, MiMedx fall, Wednesday, 3/27/2024
NYSE:CWEN

Clearway Energy (CWEN) Stock Price, News & Analysis

$22.38
+0.85 (+3.95%)
(As of 03/27/2024 ET)
Today's Range
$21.71
$22.51
50-Day Range
$20.90
$24.98
52-Week Range
$18.59
$32.24
Volume
904,367 shs
Average Volume
916,617 shs
Market Capitalization
$4.52 billion
P/E Ratio
32.91
Dividend Yield
7.19%
Price Target
$28.33

Clearway Energy MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.60 Rating Score
Upside/​Downside
26.6% Upside
$28.33 Price Target
Short Interest
Healthy
2.77% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
1.30mentions of Clearway Energy in the last 14 days
Based on 2 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-4.30%
From $0.93 to $0.89 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.77 out of 5 stars

Oils/Energy Sector

71st out of 241 stocks

Electric Services Industry

19th out of 39 stocks

CWEN stock logo

About Clearway Energy Stock (NYSE:CWEN)

Clearway Energy, Inc. operates in the renewable energy business in the United States. The company operates through Conventional and Renewables segments. It has approximately 6,000 net MW of installed wind, solar, and energy generation projects; and approximately 2,500 net MW of natural gas-fired generation facilities. The company was formerly known as NRG Yield, Inc. and changed its name to Clearway Energy, Inc. in August 2018. Clearway Energy, Inc. was incorporated in 2012 and is based in Princeton, New Jersey. Clearway Energy, Inc. is a subsidiary of Clearway Energy Group LLC.

CWEN Stock Price History

CWEN Stock News Headlines

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See More Headlines
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Company Calendar

Last Earnings
2/22/2024
Ex-Dividend for 3/15 Dividend
2/29/2024
Dividend Payable
3/15/2024
Today
3/28/2024
Next Earnings (Estimated)
5/02/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Electric services
Sub-Industry
N/A
Fax
N/A
Employees
61
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$28.33
High Stock Price Target
$37.00
Low Stock Price Target
$25.00
Potential Upside/Downside
+26.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.60
Research Coverage
5 Analysts

Profitability

Net Income
$79 million
Pretax Margin
-1.22%

Debt

Sales & Book Value

Annual Sales
$1.31 billion
Cash Flow
$4.13 per share
Book Value
$24.71 per share

Miscellaneous

Free Float
201,030,000
Market Cap
$4.52 billion
Optionable
Optionable
Beta
0.87
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CWEN Stock Analysis - Frequently Asked Questions

Should I buy or sell Clearway Energy stock right now?

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Clearway Energy in the last twelve months. There are currently 2 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" CWEN shares.
View CWEN analyst ratings
or view top-rated stocks.

What is Clearway Energy's stock price target for 2024?

5 Wall Street analysts have issued 1-year 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 share price to reach $28.33 in the next year. This suggests a possible upside of 26.6% from the stock's current price.
View analysts price targets for CWEN
or view top-rated stocks among Wall Street analysts.

How have CWEN shares performed in 2024?

Clearway Energy's stock was trading at $27.43 at the beginning of 2024. Since then, CWEN stock has decreased by 18.4% and is now trading at $22.38.
View the best growth stocks for 2024 here
.

Are investors shorting Clearway Energy?

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 trading volume, of 869,400 shares, the days-to-cover ratio is presently 2.6 days. Currently, 2.8% of the shares of the company are short sold.
View Clearway Energy's Short Interest
.

When is Clearway Energy's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 2nd 2024.
View our CWEN earnings forecast
.

How were Clearway Energy's earnings last quarter?

Clearway Energy, Inc. (NYSE:CWEN) released its earnings results on Thursday, February, 22nd. The company reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.15. The company had revenue of $249 million for the quarter, compared to analysts' expectations 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 revenue for the quarter was down 18.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.10 earnings per share.

How often does Clearway Energy pay dividends? What is the dividend yield for Clearway Energy?

Clearway Energy declared a quarterly dividend on Wednesday, February 14th. Stockholders of record on Friday, March 1st will be paid a dividend of $0.403 per share on Friday, March 15th. This represents a $1.61 annualized dividend and a yield of 7.20%. The ex-dividend date of this dividend is Thursday, February 29th. This is an increase from the stock's previous quarterly dividend of $0.40.
Read our dividend analysis for CWEN
.

Is Clearway Energy a good dividend stock?

Clearway Energy (NYSE:CWEN) pays an annual dividend of $1.61 per share and currently has a dividend yield of 7.49%. 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 180.90% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for CWEN.

What other stocks do shareholders of Clearway Energy own?

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).

Who are Clearway Energy's major shareholders?

Clearway Energy's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Apollo Management Holdings L.P. (0.59%), First Trust Advisors LP (0.45%), Foresight Group Ltd Liability Partnership (0.38%), CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT (0.34%), Victory Capital Management Inc. (0.29%) and Westwood Holdings Group Inc. (0.18%). Insiders that own company stock include Christopher S Sotos, E Stanley Oneal and Infrastructure Investor Global.
View institutional ownership trends
.

How do I buy shares of Clearway Energy?

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.
Compare Top Brokerages Here.

This page (NYSE:CWEN) was last updated on 3/28/2024 by MarketBeat.com Staff

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