Clearway Energy (NYSE:CWEN - Get Free Report) had its target price increased by investment analysts at Evercore ISI from $25.00 to $30.00 in a report released on Tuesday, Benzinga reports. The firm currently has an "outperform" rating on the stock. Evercore ISI's price target suggests a potential upside of 9.23% from the stock's current price.
Other analysts have also issued research reports about the stock. Royal Bank of Canada decreased their target price on shares of Clearway Energy from $26.00 to $25.00 and set a "sector perform" rating on the stock in a report on Tuesday, February 27th. Oppenheimer lifted their price target on Clearway Energy from $33.00 to $37.00 and gave the company an "outperform" rating in a research report on Friday, January 19th. Roth Mkm upped their price objective on shares of Clearway Energy from $29.00 to $30.00 and gave the stock a "buy" rating in a research report on Monday. Morgan Stanley lifted their target price on shares of Clearway Energy from $23.00 to $25.00 and gave the company an "equal weight" rating in a research report on Friday, March 1st. Finally, StockNews.com lowered shares of Clearway Energy from a "hold" rating to a "sell" rating in a report on Friday, March 1st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, Clearway Energy has a consensus rating of "Hold" and an average target price of $29.00.
Check Out Our Latest Report on CWEN
Clearway Energy Stock Up 2.1 %
NYSE CWEN traded up $0.57 on Tuesday, reaching $27.47. The company had a trading volume of 1,011,018 shares, compared to its average volume of 923,227. Clearway Energy has a 52-week low of $18.59 and a 52-week high of $31.72. The company has a quick ratio of 1.65, a current ratio of 1.71 and a debt-to-equity ratio of 1.50. The stock has a market capitalization of $5.55 billion, a P/E ratio of 41.55 and a beta of 0.86. The company's fifty day moving average is $22.99 and its 200 day moving average is $23.87.
Clearway Energy (NYSE:CWEN - Get Free Report) last released its earnings results on Thursday, May 9th. The company reported ($0.02) earnings per share for the quarter, beating analysts' consensus estimates of ($0.27) by $0.25. The firm had revenue of $263.00 million for the quarter, compared to analysts' expectations of $286.26 million. Clearway Energy had a net margin of 5.97% and a return on equity of 1.67%. Clearway Energy's revenue was down 8.7% on a year-over-year basis. Sell-side analysts anticipate that Clearway Energy will post 0.94 earnings per share for the current fiscal year.
Insider Transactions at Clearway Energy
In related news, Director Se Totalenergies bought 196,964 shares of the company's stock in a transaction that occurred on Thursday, March 28th. The stock was bought at an average cost of $22.86 per share, for a total transaction of $4,502,597.04. Following the acquisition, the director now directly owns 295,235 shares of the company's stock, valued at approximately $6,749,072.10. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.52% of the company's stock.
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in the company. Scarborough Advisors LLC bought a new stake in Clearway Energy during the 4th quarter valued at about $25,000. Mather Group LLC. bought a new stake in Clearway Energy in the 1st quarter valued at $37,000. Avalon Trust Co purchased a new stake in shares of Clearway Energy in the fourth quarter worth about $47,000. Kingswood Wealth Advisors LLC bought a new position in shares of Clearway Energy during the 4th quarter valued at approximately $175,000. Finally, Xponance Inc. bought a new position in Clearway Energy during the fourth quarter valued at $214,000. Institutional investors own 38.03% of the company's stock.
Clearway Energy Company Profile
(
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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.
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