Clearway Energy (CWEN) Stock Price, News & Analysis

6 Wall Street 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 analysts is that investors should "moderate buy" CWEN shares.
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6 brokers have issued twelve-month price objectives for Clearway Energy's shares. Their CWEN share price targets range from $25.00 to $37.00. On average, they anticipate the company's share price to reach $28.33 in the next year. This suggests a possible upside of 4.7% from the stock's current price.
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Clearway Energy's stock was trading at $27.43 at the start of the year. Since then, CWEN shares have decreased by 1.3% and is now trading at $27.06.
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Clearway Energy saw a increase in short interest in April. As of April 15th, there was short interest totaling 2,550,000 shares, an increase of 19.7% from the March 31st total of 2,130,000 shares. Based on an average daily trading volume, of 910,900 shares, the days-to-cover ratio is presently 2.8 days. Approximately 3.2% of the shares of the stock are sold short.
View Clearway Energy's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 13th 2024.
View our CWEN earnings forecast.

Clearway Energy, Inc. (NYSE:CWEN) issued its earnings results on Thursday, May, 9th. The company reported ($0.02) earnings per share for the quarter, beating the consensus estimate of ($0.27) by $0.25. The company had revenue of $263 million for the quarter, compared to the consensus estimate of $286.26 million. Clearway Energy had a trailing twelve-month return on equity of 1.67% and a net margin of 5.97%. The company's revenue for the quarter was down 8.7% compared to the same quarter last year.

Clearway Energy declared a quarterly dividend on Thursday, May 9th. Shareholders of record on Monday, June 3rd will be paid a dividend of $0.41 per share on Monday, June 17th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 6.06%. The ex-dividend date is Monday, June 3rd. 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 5.96%. 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 4 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 243.94%. 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), First Trust Utilities AlphaDEX Fund (FXU), Invesco S&P SmallCap Utilities & Communication Services ETF (PSCU), TrueShares Eagle Global Renewable Energy Income ETF (RNWZ), ALPS Clean Energy ETF (ACES), Invesco Solar ETF (TAN), Fidelity Clean Energy ETF (FRNW) and Virtus Duff & Phelps Clean Energy ETF (VCLN).

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 number of institutional and retail investors. Top institutional shareholders include Kayne Anderson Capital Advisors LP (0.17%), Congress Asset Management Co. MA (0.09%), Nordea Investment Management AB (0.08%), Susquehanna Portfolio Strategies LLC (0.06%), PFG Investments LLC (0.04%) and Courier Capital LLC (0.02%). 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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