Clearway Energy (CWEN) Stock Forecast, Price & News

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Clearway Energy in the last year. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" CWEN shares.
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3 brokerages have issued 12-month price targets for Clearway Energy's shares. Their CWEN share price forecasts range from $27.00 to $38.00. On average, they anticipate the company's share price to reach $32.50 in the next year. This suggests a possible upside of 53.6% from the stock's current price.
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Clearway Energy's stock was trading at $31.87 at the start of the year. Since then, CWEN stock has decreased by 33.6% and is now trading at $21.16.
View the best growth stocks for 2023 here.

Clearway Energy saw a increase in short interest during the month of September. As of September 15th, there was short interest totaling 1,570,000 shares, an increase of 27.6% from the August 31st total of 1,230,000 shares. Based on an average trading volume of 910,200 shares, the days-to-cover ratio is currently 1.7 days. Approximately 2.0% of the shares of the company are short sold.
View Clearway Energy's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 1st 2023.
View our CWEN earnings forecast.

Clearway Energy, Inc. (NYSE:CWEN) released its earnings results on Tuesday, August, 8th. The company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.55 by $0.22. The company earned $406 million during the quarter, compared to the consensus estimate of $375.59 million. Clearway Energy had a net margin of 6.30% and a trailing twelve-month return on equity of 2.00%. The business's revenue was up 10.3% compared to the same quarter last year. During the same period in the previous year, the company posted ($3.86) earnings per share.

Clearway Energy declared a quarterly dividend on Monday, August 7th. Stockholders of record on Friday, September 1st will be given a dividend of $0.389 per share on Friday, September 15th. This represents a $1.56 annualized dividend and a yield of 7.35%. The ex-dividend date is Thursday, August 31st. This is a positive change from the stock's previous quarterly dividend of $0.38.
Read our dividend analysis for CWEN.

ETFs with the largest weight of Clearway Energy (NYSE:CWEN) stock in their portfolio include BNY Mellon Global Infrastructure Income ETF (BKGI), First Trust Utilities AlphaDEX Fund (FXU), Aztlan Global Stock Selection DM SMID ETF (AZTD), TrueShares Eagle Global Renewable Energy Income ETF (RNWZ), Virtus Duff & Phelps Clean Energy ETF (VCLN), Invesco Dorsey Wright Utilities Momentum ETF (PUI), Fidelity Clean Energy ETF (FRNW) and ALPS Clean Energy ETF (ACES).

Clearway Energy (NYSE:CWEN) pays an annual dividend of $1.56 per share and currently has a dividend yield of 7.36%. CWEN has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 4 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 219.72%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, CWEN will have a dividend payout ratio of 93.98% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for CWEN.

Based on aggregate information from My MarketBeat watchlists, some companies that other Clearway Energy investors own include Pfizer (PFE), AbbVie (ABBV), AT&T (T), Enterprise Products Partners (EPD), Advanced Micro Devices (AMD), Abbott Laboratories (ABT), CVS Health (CVS), General Electric (GE), Target (TGT) and Bank of America (BAC).

Clearway Energy trades on the New York Stock Exchange (NYSE) under the ticker symbol "CWEN."

Shares of CWEN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of CWEN stock can currently be purchased for approximately $21.16.

Clearway Energy (NYSE:CWEN) has a market capitalization of $4.28 billion and generates $1.19 billion in revenue each year. The company earns $582 million in net income (profit) each year or $0.71 on an earnings per share basis.

Clearway Energy's mailing address is 300 CARNEGIE CENTER SUITE 300, PRINCETON NJ, 08540. The official website for the company is www.clearwayenergy.com. The company can be reached via phone at (609) 608-1525 or via email at investor.relations@clearwayenergy.com.