Clearway Energy, Inc. (NYSE:CWEN) Receives $32.57 Consensus Price Target from Brokerages

Clearway Energy, Inc. (NYSE:CWENGet Free Report) has been assigned an average rating of “Moderate Buy” from the seven brokerages that are presently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $32.57.

A number of brokerages have recently issued reports on CWEN. StockNews.com raised shares of Clearway Energy from a “sell” rating to a “hold” rating in a research note on Wednesday. CIBC raised their price target on Clearway Energy from $33.00 to $34.00 and gave the company an “outperformer” rating in a report on Tuesday, October 22nd.

View Our Latest Analysis on CWEN

Insider Buying and Selling

In other Clearway Energy news, Director Brian R. Ford sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $26.74, for a total transaction of $53,480.00. Following the completion of the transaction, the director now owns 8,153 shares in the company, valued at $218,011.22. This trade represents a 19.70 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.52% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Ashton Thomas Securities LLC purchased a new stake in Clearway Energy during the third quarter valued at $50,000. Quarry LP raised its position in shares of Clearway Energy by 53.4% during the 2nd quarter. Quarry LP now owns 2,422 shares of the company’s stock valued at $60,000 after buying an additional 843 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Clearway Energy in the 3rd quarter valued at about $71,000. Icon Wealth Advisors LLC purchased a new position in Clearway Energy in the third quarter worth about $106,000. Finally, Recurrent Investment Advisors LLC bought a new stake in Clearway Energy during the third quarter worth approximately $202,000. 84.53% of the stock is currently owned by institutional investors.

Clearway Energy Stock Performance

Shares of CWEN opened at $25.57 on Thursday. The business has a 50-day simple moving average of $26.82 and a two-hundred day simple moving average of $27.56. The company has a quick ratio of 1.49, a current ratio of 1.59 and a debt-to-equity ratio of 1.20. Clearway Energy has a 52 week low of $20.63 and a 52 week high of $30.92. The stock has a market cap of $5.17 billion, a price-to-earnings ratio of 24.59, a PEG ratio of 1.65 and a beta of 0.88.

Clearway Energy (NYSE:CWENGet Free Report) last released its earnings results on Wednesday, October 30th. The company reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.17). Clearway Energy had a return on equity of 2.28% and a net margin of 8.94%. The firm had revenue of $486.00 million during the quarter, compared to analysts’ expectations of $417.55 million. During the same period in the prior year, the company posted $0.03 earnings per share. The company’s revenue was up 31.0% compared to the same quarter last year. On average, analysts expect that Clearway Energy will post 0.82 EPS for the current year.

About Clearway Energy

(Get Free Report

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.

Featured Stories

Analyst Recommendations for Clearway Energy (NYSE:CWEN)

Receive News & Ratings for Clearway Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Clearway Energy and related companies with MarketBeat.com's FREE daily email newsletter.