StockNews.com Initiates Coverage on Clearway Energy (NYSE:CWEN)

Analysts at StockNews.com started coverage on shares of Clearway Energy (NYSE:CWEN – Get Rating) in a research report issued on Thursday. The brokerage set a “hold” rating on the stock.

Other analysts have also issued research reports about the company. Oppenheimer lowered their target price on Clearway Energy from $41.00 to $40.00 and set an “outperform” rating on the stock in a report on Friday, February 24th. CIBC raised Clearway Energy from a “neutral” rating to an “outperform” rating in a report on Tuesday, January 10th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Clearway Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of $37.75.

Clearway Energy Stock Up 0.1 %

Clearway Energy stock opened at $30.97 on Thursday. The company has a debt-to-equity ratio of 1.61, a quick ratio of 1.99 and a current ratio of 2.07. The firm has a market capitalization of $6.26 billion, a price-to-earnings ratio of 6.21, a price-to-earnings-growth ratio of 1.52 and a beta of 0.72. Clearway Energy has a fifty-two week low of $29.36 and a fifty-two week high of $41.79. The stock’s fifty day moving average is $32.59 and its two-hundred day moving average is $33.81.

Institutional Trading of Clearway Energy

A number of large investors have recently made changes to their positions in CWEN. Raymond James Financial Services Advisors Inc. boosted its stake in shares of Clearway Energy by 1.1% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 54,140 shares of the company’s stock valued at $1,977,000 after acquiring an additional 606 shares during the last quarter. Cambridge Investment Research Advisors Inc. acquired a new stake in Clearway Energy in the 1st quarter worth about $256,000. Sei Investments Co. boosted its stake in Clearway Energy by 37.7% in the 1st quarter. Sei Investments Co. now owns 130,165 shares of the company’s stock worth $4,752,000 after buying an additional 35,662 shares during the last quarter. Ergoteles LLC acquired a new stake in Clearway Energy in the 1st quarter worth about $1,634,000. Finally, Bridgewater Associates LP boosted its stake in Clearway Energy by 145.6% in the 1st quarter. Bridgewater Associates LP now owns 81,066 shares of the company’s stock worth $2,960,000 after buying an additional 48,052 shares during the last quarter. Institutional investors and hedge funds own 77.98% of the company’s stock.

Clearway Energy Company Profile

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Clearway Energy, Inc engages in the ownership of contracted renewable and conventional generation facilities and thermal infrastructure assets. It operates through the following segments: Conventional Generation, Thermal, Renewable, and Corporate. The Renewable segment include solar and wind business.