Clearway Energy (NYSE:CWEN) Upgraded at Wall Street Zen

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

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

Clearway Energy Stock Performance

Shares of Clearway Energy stock traded up $0.06 during trading on Friday, reaching $32.17. The company's stock had a trading volume of 1,361,119 shares, compared to its average volume of 882,965. 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 business's fifty day moving average price is $30.17 and its 200-day moving average price is $28.28. The firm has a market cap of $6.50 billion, a price-to-earnings ratio of 40.22, 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 results on Wednesday, April 30th. The company reported $0.03 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.25) by $0.28. Clearway Energy had a return on equity of 1.68% and a net margin of 6.69%. The firm had revenue of $298.00 million for the quarter, compared to analyst estimates of $305.74 million. During the same period in the previous year, the company posted ($0.02) earnings per share. The company's quarterly revenue was up 13.3% compared to the same quarter last year. As a group, equities research analysts predict that Clearway Energy will post 0.83 earnings per share for the current year.

Hedge Funds Weigh In On Clearway Energy

Several hedge funds have recently modified their holdings of CWEN. King Luther Capital Management Corp grew its holdings in shares of Clearway Energy by 2,840.3% in the 4th quarter. King Luther Capital Management Corp now owns 543,950 shares of the company's stock valued at $14,143,000 after acquiring an additional 525,450 shares in the last quarter. Gotham Asset Management LLC lifted its stake in Clearway Energy by 79.1% in the 1st quarter. Gotham Asset Management LLC now owns 814,841 shares of the company's stock valued at $24,665,000 after purchasing an additional 359,876 shares during the last quarter. Voloridge Investment Management LLC lifted its stake in Clearway Energy by 251.4% in the 4th quarter. Voloridge Investment Management LLC now owns 470,565 shares of the company's stock valued at $12,235,000 after purchasing an additional 336,668 shares during the last quarter. Jupiter Asset Management Ltd. lifted its stake in Clearway Energy by 85.8% in the 4th quarter. Jupiter Asset Management Ltd. now owns 535,858 shares of the company's stock valued at $13,932,000 after purchasing an additional 247,460 shares during the last quarter. Finally, Tortoise Capital Advisors L.L.C. lifted its stake in Clearway Energy by 7.1% in the 4th quarter. Tortoise Capital Advisors L.L.C. now owns 2,798,918 shares of the company's stock valued at $72,772,000 after purchasing an additional 186,544 shares during the last quarter. 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.