Clearway Energy (CWEN) Stock Forecast, Price & News

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Clearway Energy in the last twelve months. There are currently 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" CWEN shares.
View CWEN analyst ratings or view top-rated stocks.

4 equities research analysts have issued 1 year price objectives for Clearway Energy's shares. Their CWEN share price forecasts range from $35.00 to $40.00. On average, they expect the company's share price to reach $37.75 in the next twelve months. This suggests a possible upside of 22.9% from the stock's current price.
View analysts price targets for CWEN or view top-rated stocks among Wall Street analysts.

Clearway Energy's stock was trading at $31.87 at the beginning of 2023. Since then, CWEN shares have decreased by 3.6% and is now trading at $30.71.
View the best growth stocks for 2023 here.

Clearway Energy saw a drop in short interest during the month of May. As of May 15th, there was short interest totaling 1,960,000 shares, a drop of 10.1% from the April 30th total of 2,180,000 shares. Based on an average daily volume of 846,800 shares, the short-interest ratio is presently 2.3 days. Currently, 2.4% of the company's stock are sold short.
View Clearway Energy's Short Interest.

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

Clearway Energy, Inc. (NYSE:CWEN) issued its quarterly earnings data on Thursday, November, 4th. The company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.70 by $0.52. The firm had revenue of $351 million for the quarter, compared to analysts' expectations of $439.19 million. Clearway Energy had a negative trailing twelve-month return on equity of 9.85% and a net margin of 48.58%. The firm's revenue for the quarter was up 9.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.31 EPS.

Clearway Energy declared a quarterly dividend on Wednesday, May 3rd. Stockholders of record on Thursday, June 1st will be given a dividend of $0.382 per share on Thursday, June 15th. This represents a $1.53 annualized dividend and a yield of 4.98%. The ex-dividend date of this dividend is Wednesday, May 31st. This is an increase 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 Timothy Plan Market Neutral ETF (TPMN), Bny Mellon Global Infrastructure Income ETF (BKGI), Virtus Duff & Phelps Clean Energy ETF (VCLN), ClearBridge Sustainable Infrastructure ETF (INFR), ALPS Clean Energy ETF (ACES), Global SuperDividend US ETF (DIV), Fidelity Clean Energy ETF (FRNW) and Invesco DWA Utilities Momentum ETF (PUI).

Clearway Energy (NYSE:CWEN) pays an annual dividend of $1.53 per share and currently has a dividend yield of 5.08%. 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 29.03%. This payout ratio is at a healthy, sustainable level, below 75%. Based on EPS estimates, CWEN will have a dividend payout ratio of 89.47% 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."

Clearway Energy's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Tortoise Capital Advisors L.L.C. (1.39%), 1832 Asset Management L.P. (1.15%), HITE Hedge Asset Management LLC (0.59%), Brookfield Corp ON (0.48%), ClearBridge Investments Ltd (0.33%) and First Trust Advisors LP (0.30%). Insiders that own company stock include Christopher S Sotos, E Stanley Oneal and Infrastructure Investor Global.
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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 $30.71.

Clearway Energy (NYSE:CWEN) has a market capitalization of $6.21 billion and generates $1.19 billion in revenue each year. The company earns $582 million in net income (profit) each year or $5.27 on an earnings per share basis.

The company employs 304 workers across the globe.

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.