The stock of Clearway Energy Inc (NYSE:CWEN) last traded at $25.25, up 0.12% from the previous session.
Data from the available sources indicates that Clearway Energy Inc (NYSE:CWEN) is covered by 11 analysts. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $34.00 and a low of $23.00, we find $29.00. Given the previous closing price of $25.22, this indicates a potential upside of 14.99 percent. CWEN stock price is now 14.29% away from the 50-day moving average and -7.01% away from the 200-day moving average. The market capitalization of the company currently stands at $2.95B.
In total, 2 analysts have assigned it a hold rating, and 9 have given it a buy rating. Brokers who have rated the stock have averaged $28.82 as their price target over the next twelve months.
With the price target reduced from $29 to $27, BofA Securities Upgraded its rating from Neutral to Buy for Clearway Energy Inc (NYSE: CWEN).
In other news, Sotos Christopher S, PRESIDENT AND CEO bought 4,000 shares of the company’s stock on Aug 14. The stock was bought for $94,720 at an average price of $23.68. Upon completion of the transaction, the PRESIDENT AND CEO now directly owns 31,100 shares in the company, valued at $0.79 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 31, Director TotalEnergies SE bought 71,980 shares of the business’s stock. A total of $2,242,350 was incurred on buying the stock at an average price of $31.15. This leaves the insider owning 172,601 shares of the company worth $4.36 million. Insiders disposed of 801,337 shares of company stock worth roughly $20.23 million over the past 1 year. A total of 31.75% of the company’s stock is owned by insiders.
With an opening price of $25.23 on Wednesday morning, Clearway Energy Inc (NYSE: CWEN) set off the trading day. During the past 12 months, Clearway Energy Inc has had a low of $18.59 and a high of $36.14. As of last week, the company has a debt-to-equity ratio of 3.85, a current ratio of 2.05, and a quick ratio of 1.99. The fifty day moving average price for CWEN is $22.09 and a two-hundred day moving average price translates $27.15 for the stock.
The latest earnings results from Clearway Energy Inc (NYSE: CWEN) was released for Sep, 2023. The net profit margin was 3.64% and return on equity was 2.45% for CWEN. The company reported revenue of $371.0 million for the quarter, compared to $340.0 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 9.12 percent.
Clearway Energy Inc(CWEN) Company Profile
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. 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. operates as a subsidiary of Clearway Energy Group LLC.
