Clearway Energy (NYSE:CWEN) Rating Increased to Hold at Wall Street Zen

Clearway Energy (NYSE:CWEN - Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a research report issued to clients and investors on Friday.

Separately, Deutsche Bank Aktiengesellschaft started coverage on Clearway Energy in a research note on Tuesday, March 25th. They issued a "buy" rating and a $38.00 target price on the stock. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $35.50.

Clearway Energy Stock Down 0.4%

CWEN traded down $0.14 during midday trading on Friday, reaching $32.00. 1,208,640 shares of the company were exchanged, compared to its average volume of 881,053. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.42 and a current ratio of 1.52. The company's fifty day moving average price is $30.17 and its 200 day moving average price is $28.28. The company has a market cap of $6.47 billion, a price-to-earnings ratio of 40.17, a price-to-earnings-growth ratio of 0.76 and a beta of 0.87. Clearway Energy has a one year low of $24.02 and a one year high of $32.64.

Clearway Energy (NYSE:CWEN - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $0.03 EPS for the quarter, topping analysts' consensus estimates of ($0.25) by $0.28. The firm had revenue of $298.00 million during the quarter, compared to analyst estimates of $305.74 million. Clearway Energy had a return on equity of 1.68% and a net margin of 6.69%. The company's revenue for the quarter was up 13.3% on a year-over-year basis. During the same period in the previous year, the company posted ($0.02) EPS. As a group, analysts expect that Clearway Energy will post 0.83 EPS for the current year.

Institutional Investors Weigh In On Clearway Energy

Institutional investors have recently made changes to their positions in the stock. Alpine Bank Wealth Management purchased a new stake in shares of Clearway Energy during the first quarter worth $27,000. Mascoma Wealth Management LLC purchased a new stake in shares of Clearway Energy during the fourth quarter worth $28,000. New Age Alpha Advisors LLC purchased a new stake in shares of Clearway Energy during the fourth quarter worth $31,000. SBI Securities Co. Ltd. purchased a new stake in shares of Clearway Energy during the fourth quarter worth $51,000. Finally, Tsfg LLC purchased a new stake in shares of Clearway Energy during the first quarter worth $61,000. Hedge funds and other institutional investors own 84.53% of the company's stock.

Clearway Energy Company Profile

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.