Clearway Energy (NYSE:CWEN) Stock Rating Lowered by Wall Street Zen

Clearway Energy (NYSE:CWEN - Get Free Report) was downgraded by equities researchers at Wall Street Zen from a "hold" rating to a "sell" rating in a report issued on Friday.

CWEN has been the subject of a number of other research reports. Roth Mkm reissued a "buy" rating and issued a $34.00 target price (up previously from $33.00) on shares of Clearway Energy in a research note on Tuesday, February 25th. Deutsche Bank Aktiengesellschaft started coverage on Clearway Energy in a research report on Tuesday, March 25th. They issued a "buy" rating and a $38.00 price objective for the company. One equities research analyst has rated the stock with a sell rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $35.50.

Clearway Energy Price Performance

Shares of Clearway Energy stock traded up $0.41 during trading on Friday, hitting $30.77. 262,355 shares of the stock traded hands, compared to its average volume of 950,301. The stock has a market cap of $6.22 billion, a price-to-earnings ratio of 29.59, a PEG ratio of 1.75 and a beta of 0.89. 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 $24.02 and a 52 week high of $31.09. The firm's fifty day moving average is $29.21 and its 200-day moving average is $27.90.

Clearway Energy (NYSE:CWEN - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The company reported $0.03 EPS for the quarter, beating analysts' consensus estimates of ($0.25) by $0.28. The business had revenue of $298.00 million for the quarter, compared to analysts' expectations of $305.74 million. Clearway Energy had a net margin of 8.94% and a return on equity of 2.28%. The business's quarterly revenue was up 13.3% on a year-over-year basis. During the same period last year, the business earned ($0.02) earnings per share. Research analysts expect that Clearway Energy will post 0.83 EPS for the current fiscal year.

Hedge Funds Weigh In On Clearway Energy

Several hedge funds have recently made changes to their positions in the business. Alpine Bank Wealth Management bought a new stake in Clearway Energy in the first quarter valued at $27,000. Mascoma Wealth Management LLC bought a new position in Clearway Energy in the 4th quarter worth $28,000. New Age Alpha Advisors LLC bought a new stake in shares of Clearway Energy during the 4th quarter valued at about $31,000. SBI Securities Co. Ltd. bought a new stake in shares of Clearway Energy during the 4th quarter valued at about $51,000. Finally, Tsfg LLC purchased a new position in shares of Clearway Energy during the first quarter valued at about $61,000. 84.53% of the stock is owned by hedge funds and other institutional investors.

About Clearway Energy

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.