Clearway Energy (NYSE:CWEN) Stock Rating Upgraded by StockNews.com

Clearway Energy (NYSE:CWEN) was upgraded by stock analysts at StockNews.com from a “sell” rating to a “hold” rating in a report released on Monday.

Other analysts also recently issued reports about the stock. Morgan Stanley lowered their price target on shares of Clearway Energy from $27.00 to $23.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 3rd. Bank of America upgraded Clearway Energy from a “neutral” rating to a “buy” rating and dropped their target price for the company from $29.00 to $27.00 in a research report on Friday, October 6th. TheStreet cut Clearway Energy from a “b-” rating to a “c” rating in a report on Tuesday, August 8th. Oppenheimer lowered their price target on Clearway Energy from $38.00 to $34.00 and set an “outperform” rating on the stock in a research report on Thursday, October 12th. Finally, Evercore ISI cut their price objective on Clearway Energy from $34.00 to $27.00 in a research report on Monday, October 2nd. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $28.00.

Clearway Energy Trading Up 8.1 %

Clearway Energy stock opened at $23.07 on Monday. The firm has a market cap of $4.66 billion, a PE ratio of 50.15 and a beta of 0.76. Clearway Energy has a 12 month low of $18.59 and a 12 month high of $36.25. The stock’s 50 day simple moving average is $22.37 and its two-hundred day simple moving average is $25.95. The company has a current ratio of 2.05, a quick ratio of 1.99 and a debt-to-equity ratio of 1.65.

Institutional Trading of Clearway Energy

Several large investors have recently bought and sold shares of CWEN. Raymond James Financial Services Advisors Inc. boosted its stake in 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 worth $1,977,000 after buying an additional 606 shares during the last quarter. Cambridge Investment Research Advisors Inc. acquired a new stake in Clearway Energy during the first quarter worth about $256,000. Sei Investments Co. raised its stake in Clearway Energy by 37.7% during the first quarter. Sei Investments Co. now owns 130,165 shares of the company’s stock worth $4,752,000 after purchasing an additional 35,662 shares during the period. Ergoteles LLC acquired a new position in Clearway Energy in the 1st quarter valued at about $1,634,000. Finally, Bridgewater Associates LP grew its stake in shares of Clearway Energy by 145.6% in the 1st quarter. Bridgewater Associates LP now owns 81,066 shares of the company’s stock valued at $2,960,000 after buying an additional 48,052 shares during the period. Hedge funds and other institutional investors own 33.94% of the company’s stock.

About Clearway Energy

Clearway Energy, Inc operates in the renewable energy business in the United States. The company operates through Conventional, Renewables, and Thermal segments. It has approximately 5,500 net megawatts (MW) of installed wind and solar generation projects; and approximately 2,500 net MW of natural gas generation facilities.