Clearway Energy (CWEN) Stock Price, News & Analysis

Company Overview

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.

Key Stats

• Today's Range: $25.57 to $26.10
• 50-Day Range: $25.72 to $29.62
• 52-Week Range: $20.63 to $30.92
• Volume: 1.81 million shs
• Average Volume: 865,772 shs
• Market Capitalization: $5.26 billion
• P/E Ratio: 25.04
• Dividend Yield: 6.49%
• Price Target: $33.13
• Consensus Rating: Moderate Buy

Clearway Energy Stock Analysis - MarketRank™

Clearway Energy scored higher than 68% of companies evaluated by MarketBeat, and ranked 134th out of 270 stocks in the oils/energy sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.4 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Clearway Energy has received a consensus rating of Moderate Buy. The company's average rating score is 2.75, and is based on 6 buy ratings, 2 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Clearway Energy has only been the subject of 2 research reports in the past 90 days.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: -31.71%

Earnings Growth

Earnings for Clearway Energy are expected to decrease by -31.71% in the coming year, from $0.82 to $0.56 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Clearway Energy is 25.04, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 115.15.

Price to Earnings Ratio vs. Sector

The P/E ratio of Clearway Energy is 25.04, which means that it is trading at a more expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 12.10.

Price to Earnings Growth Ratio

Clearway Energy has a PEG Ratio of 1.24. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Clearway Energy has a P/B Ratio of 1.05. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

3.03% of the float of Clearway Energy has been sold short.

Short Interest Ratio / Days to Cover

Clearway Energy has a short interest ratio ("days to cover") of 2.8, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Clearway Energy has recently increased by 10.76%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Leadership

Clearway Energy is a leading dividend payer. It pays a dividend yield of 6.54%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Clearway Energy does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Clearway Energy is 162.50%. Payout ratios above 75% are not desirable because they may not be sustainable.

Dividend Sustainability

Based on EPS estimates, Clearway Energy will have a dividend payout ratio of 301.79% in the coming year. This indicates that Clearway Energy may not be able to sustain their current dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

3.03% of the float of Clearway Energy has been sold short.

Short Interest Ratio / Days to Cover

Clearway Energy has a short interest ratio ("days to cover") of 2.8, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Clearway Energy has recently increased by 10.76%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 3.2 / 5
• News Sentiment: 1.72

News Sentiment

Clearway Energy has a news sentiment score of 1.72. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.66 average news sentiment score of Oils/Energy companies.

News Coverage This Week

MarketBeat has tracked 4 news articles for Clearway Energy this week, compared to 3 articles on an average week.

Search Interest

Only 18 people have searched for CWEN on MarketBeat in the last 30 days. This is a decrease of -25% compared to the previous 30 days.

MarketBeat Follows

Only 6 people have added Clearway Energy to their MarketBeat watchlist in the last 30 days. This is a decrease of -40% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Clearway Energy insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $53,480.00 in company stock.

Percentage Held by Insiders

Only 0.52% of the stock of Clearway Energy is held by insiders.

Percentage Held by Institutions

84.53% of the stock of Clearway Energy is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

CWEN Stock Analysis - Frequently Asked Questions

How have CWEN shares performed this year?

Clearway Energy's stock was trading at $27.43 at the start of the year. Since then, CWEN shares have decreased by 5.1% and is now trading at $26.04.
View the best growth stocks for 2024 here.

How were Clearway Energy's earnings last quarter?

Clearway Energy, Inc. (NYSE:CWEN) released its quarterly earnings results on Wednesday, October, 30th. The company reported $0.31 EPS for the quarter, missing analysts' consensus estimates of $0.48 by $0.17. The company's revenue was up 31.0% compared to the same quarter last year.

Who are Clearway Energy's major shareholders?

Clearway Energy's top institutional shareholders include Foresight Group Ltd Liability Partnership (0.29%), Northwest & Ethical Investments L.P. (0.28%), CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT (0.24%) and abrdn plc (0.23%). Insiders that own company stock include Se Totalenergies, Infrastructure Investor Global and Christopher S Sotos.
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.

What other stocks do shareholders of Clearway Energy own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Clearway Energy investors own include American Water Works (AWK), Waste Connections (WCN), The RMR Group (RMR), DiamondRock Hospitality (DRH), Humana (HUM), AUO (AUOTY) and iShares Micro-Cap ETF (IWC).

Company Calendar

• Last Earnings: 10/30/2024
• Ex-Dividend for 12/16 Dividend: 12/02/2024
• Dividend Payable: 12/16/2024
• Today: 12/21/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Oils/Energy
• Industry: Electric services
• Sub-Industry: Utilities
• Current Symbol: NYSE:CWEN
• CUSIP: N/A
• CIK: 1567683
• Web: www.clearwayenergy.com
• Phone: (609) 608-1525
• Fax: N/A
• Employees: 60
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $33.13
• High Stock Price Target: $37.00
• Low Stock Price Target: $25.00
• Potential Upside/Downside: +27.2%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.75
• Research Coverage: 8 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $1.04
• Trailing P/E Ratio: 25.04
• Forward P/E Ratio: 31.76
• P/E Growth: 1.24
• Net Income: $79 million
• Net Margins: 8.94%
• Pretax Margin: -9.31%
• Return on Equity: 2.28%
• Return on Assets: 0.84%

Debt

• Debt-to-Equity Ratio: 1.20
• Current Ratio: 1.59
• Quick Ratio: 1.49

Sales & Book Value

• Annual Sales: $1.36 billion
• Price / Sales: 3.86
• Cash Flow: $3.79 per share
• Price / Cash Flow: 6.87
• Book Value: $24.71 per share
• Price / Book: 1.05

Miscellaneous

• Outstanding Shares: 202,146,000
• Free Float: 201,095,000
• Market Cap: $5.26 billion
• Optionable: Optionable
• Beta: 0.86