Clearway Energy - CWEN Stock Forecast, Price & News

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Clearway Energy in the last year. There are currently 2 hold ratings and 4 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.

6 brokers have issued 12-month target prices for Clearway Energy's shares. Their CWEN share price forecasts range from $35.00 to $40.00. On average, they expect the company's stock price to reach $37.75 in the next twelve months. This suggests a possible upside of 25.1% 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 on January 1st, 2023. Since then, CWEN shares have decreased by 5.3% and is now trading at $30.17.
View the best growth stocks for 2023 here.

Clearway Energy saw a increase in short interest in the month of February. As of February 28th, there was short interest totaling 2,310,000 shares, an increase of 9.5% from the February 13th total of 2,110,000 shares. Based on an average trading volume of 615,300 shares, the days-to-cover ratio is currently 3.8 days. Currently, 2.9% 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 Thursday, May 4th 2023.
View our CWEN earnings forecast.

Clearway Energy, Inc. (NYSE:CWEN) posted its earnings results on Thursday, November, 4th. The company reported $0.18 EPS for the quarter, missing analysts' consensus estimates of $0.70 by $0.52. The business earned $351 million during the quarter, compared to analysts' expectations of $439.19 million. Clearway Energy had a net margin of 48.91% and a negative trailing twelve-month return on equity of 11.33%. Clearway Energy'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 earnings per share.

Clearway Energy declared a quarterly dividend on Thursday, February 16th. Investors of record on Wednesday, March 1st will be given a dividend of $0.375 per share on Wednesday, March 15th. This represents a $1.50 dividend on an annualized basis and a yield of 4.97%. The ex-dividend date of this dividend is Tuesday, February 28th. This is an increase from the stock's previous quarterly dividend of $0.37.
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), Virtus Duff & Phelps Clean Energy ETF (VCLN), ALPS Clean Energy ETF (ACES), Global SuperDividend US ETF (DIV), Invesco DWA Utilities Momentum ETF (PUI), Fidelity Clean Energy ETF (FRNW), RiverFront Dynamic US Dividend Advantage ETF (RFDA) and Fidelity Stocks For Inflation ETF (FCPI).

Clearway Energy (NYSE:CWEN) pays an annual dividend of $1.50 per share and currently has a dividend yield of 5.14%. 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 30.06%. This payout ratio is at a healthy, sustainable level, below 75%. Based on EPS estimates, CWEN will have a dividend payout ratio of 84.27% 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 many different institutional and retail investors. Top institutional shareholders include Tortoise Capital Advisors L.L.C. (1.47%), 1832 Asset Management L.P. (0.77%), Electron Capital Partners LLC (0.42%), First Trust Advisors LP (0.32%), Cbre Investment Management Listed Real Assets LLC (0.25%) and Alps Advisors Inc. (0.25%). Insiders that own company stock include Christopher S Sotos, E Stanley Oneal and Infrastructure Investor Global.
View institutional ownership trends.

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.
Compare Top Brokerages Here.

One share of CWEN stock can currently be purchased for approximately $30.17.

Clearway Energy (NYSE:CWEN) has a market capitalization of $6.09 billion and generates $1.19 billion in revenue each year. The company earns $582 million in net income (profit) each year or $4.99 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.