NYSE:CWEN Clearway Energy (CWEN) Stock Forecast, Price & News $21.16 +0.37 (+1.78%) (As of 09/29/2023 ET) Add Compare Share Share Today's Range$20.91▼$21.5550-Day Range$20.80▼$27.7552-Week Range$19.78▼$36.57Volume2.48 million shsAverage Volume1.10 million shsMarket Capitalization$4.28 billionP/E Ratio29.80Dividend Yield7.37%Price Target$32.50 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media Clearway Energy MarketRank™ ForecastAnalyst RatingModerate Buy2.67 Rating ScoreUpside/Downside53.6% Upside$32.50 Price TargetShort InterestHealthy1.95% of Float Sold ShortDividend StrengthWeakBased on Four FactorsSustainabilityN/ANews Sentiment-0.11Based on 2 Articles This WeekInsider TradingAcquiring Shares$94,720 Bought Last QuarterProj. Earnings Growth52.29%From $1.09 to $1.66 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.55 out of 5 starsOils/Energy Sector60th out of 247 stocksElectric Services Industry13th out of 40 stocks 3.3 Analyst's Opinion Consensus RatingClearway Energy has received a consensus rating of Moderate Buy. The company's average rating score is 2.67, and is based on 2 buy ratings, 1 hold rating, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $32.50, Clearway Energy has a forecasted upside of 53.6% from its current price of $21.16.Amount of Analyst CoverageClearway Energy has only been the subject of 2 research reports in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted1.95% of the float of Clearway Energy has been sold short.Short Interest Ratio / Days to CoverClearway Energy has a short interest ratio ("days to cover") of 1.7, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Clearway Energy has recently increased by 27.64%, indicating that investor sentiment is decreasing significantly. Previous Next 1.7 Dividend Strength Dividend LeadershipClearway Energy is a leading dividend payer. It pays a dividend yield of 7.36%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthClearway Energy has only been increasing its dividend for 4 years.Dividend CoverageThe dividend payout ratio of Clearway Energy is 219.72%. Payout ratios above 75% are not desirable because they may not be sustainable.Dividend SustainabilityBased on EPS estimates, Clearway Energy will have a dividend payout ratio of 93.98% in the coming year. This indicates that Clearway Energy may not be able to sustain their current dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for CWEN. Previous Next 1.6 News and Social Media Coverage News SentimentClearway Energy has a news sentiment score of -0.11. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.64 average news sentiment score of Oils/Energy companies.News Coverage This WeekMarketBeat has tracked 2 news articles for Clearway Energy this week, compared to 2 articles on an average week.Search InterestOnly 13 people have searched for CWEN on MarketBeat in the last 30 days. This is a decrease of -24% compared to the previous 30 days.MarketBeat Follows8 people have added Clearway Energy to their MarketBeat watchlist in the last 30 days. This is an increase of 700% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Clearway Energy insiders have bought more of their company's stock than they have sold. Specifically, they have bought $94,720.00 in company stock and sold $0.00 in company stock.Percentage Held by InsidersOnly 0.52% of the stock of Clearway Energy is held by insiders.Percentage Held by InstitutionsOnly 33.94% of the stock of Clearway Energy is held by institutions. Previous Next 2.5 Earnings and Valuation Earnings GrowthEarnings for Clearway Energy are expected to grow by 52.29% in the coming year, from $1.09 to $1.66 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Clearway Energy is 29.80, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 110.42.Price to Earnings Ratio vs. SectorThe P/E ratio of Clearway Energy is 29.80, which means that it is trading at a more expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 9.59.Price to Book Value per Share RatioClearway Energy has a P/B Ratio of 1.06. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Clearway Energy (NYSE:CWEN) StockClearway Energy, Inc. operates in the renewable energy business in the United States. The company operates through Conventional, Renewables, and Thermal segments. It has approximately 5,500 net megawatts (MW) of installed wind and solar generation projects; and approximately 2,500 net MW of natural gas generation facilities. The company was formerly known as NRG Yield, Inc. and changed its name to Clearway Energy, Inc. in August 2018. Clearway Energy, Inc. was incorporated in 2012 and is based in Princeton, New Jersey. Clearway Energy, Inc. operates as a subsidiary of Clearway Energy Group LLC.Read More CWEN Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart CWEN Stock News HeadlinesSeptember 28, 2023 | marketbeat.comA Utility Resurgence? 6 Stocks Yielding up to 8.9%September 24, 2023 | americanbankingnews.comClearway Energy (NYSE:CWEN) Hits New 52-Week Low at $23.56October 1, 2023 | Chaikin Analytics (Ad)Buy This Stock for AI Tidal Wave (not NVDA)The internet boom made more millionaires than any tech - Microsoft’s CEO says AI has even more potential. Here’s the #1 stock to buy.September 22, 2023 | americanbankingnews.comClearway Energy (NYSE:CWEN) Price Target Cut to $27.00September 22, 2023 | americanbankingnews.comZacks Research Analysts Boost Earnings Estimates for Clearway Energy, Inc. (NYSE:CWEN)September 21, 2023 | americanbankingnews.comClearway Energy, Inc. Forecasted to Post FY2024 Earnings of $1.48 Per Share (NYSE:CWEN)September 21, 2023 | americanbankingnews.comClearway Energy (NYSE:CWEN) Trading Down 1.9% Following Analyst DowngradeAugust 19, 2023 | finance.yahoo.com3 Dividend Stocks That Can Generate Income for LifeOctober 1, 2023 | Chaikin Analytics (Ad)Buy This Stock for AI Tidal Wave (not NVDA)The internet boom made more millionaires than any tech - Microsoft’s CEO says AI has even more potential. Here’s the #1 stock to buy.August 15, 2023 | markets.businessinsider.comAnalysts Have Conflicting Sentiments on These Utilities Companies: Genting Singapore (OtherGIGNF) and Clearway Energy (CWEN)August 9, 2023 | finance.yahoo.comQ2 2023 Clearway Energy Inc Earnings CallAugust 8, 2023 | finance.yahoo.comClearway Energy (CWEN) Q2 2023 Earnings Call TranscriptJuly 21, 2023 | seekingalpha.comClearway Energy Remains Highly Defensive And Able To GrowJuly 11, 2023 | finance.yahoo.comAmeresco (AMRC) Inks Agreement for Battery Storage ProjectJuly 1, 2023 | finance.yahoo.comLove Dividends? 3 Stocks That Can Pay You Well in Good Markets and BadJune 22, 2023 | finance.yahoo.comVital Energy (VTLE) Surges 5.0%: Is This an Indication of Further Gains?June 12, 2023 | finance.yahoo.comAmeresco (AMRC) to Build Battery Storage System in CanadaMay 4, 2023 | finance.yahoo.comClearway Energy (CWEN) Q1 2023 Earnings Call TranscriptMay 4, 2023 | finance.yahoo.comClearway Energy, Inc. Reports First Quarter 2023 Financial ResultsMay 3, 2023 | markets.businessinsider.comClearway Energy (CWEN) Receives a Rating Update from a Top AnalystMay 1, 2023 | msn.comWhat to Expect From Clearway Energy's (CWEN) Q1 Earnings?April 28, 2023 | finance.yahoo.comEnergy Transfer (ET) to Post Q1 Earnings: What's in Store?April 19, 2023 | finance.yahoo.comInvestors Heavily Search Clearway Energy, Inc. (CWEN): Here is What You Need to KnowApril 10, 2023 | finance.yahoo.comClearway Energy, Inc. to Report First Quarter 2023 Financial Results on May 4, 2023March 13, 2023 | finance.yahoo.comCWEN vs. VWDRY: Which Stock Is the Better Value Option?March 12, 2023 | seekingalpha.comClearway Energy: Healthy And Growing But Not My FavoriteFebruary 25, 2023 | seekingalpha.comClearway Energy, Inc. (CWEN) Q4 2022 Earnings Call TranscriptSee More Headlines Receive CWEN Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Clearway Energy and its competitors with MarketBeat's FREE daily newsletter. Email Address CWEN Company Calendar Last Earnings8/08/2023Ex-Dividend for 9/15 Dividend8/31/2023Dividend Payable9/15/2023Today10/01/2023Next Earnings (Estimated)11/01/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Electric services Sub-IndustryN/A SectorOils/Energy Current SymbolNYSE:CWEN CUSIPN/A CIK1567683 Webwww.clearwayenergy.com Phone(609) 608-1525FaxN/AEmployees58Year FoundedN/APrice Target and Rating Average Stock Price Forecast$32.50 High Stock Price Forecast$38.00 Low Stock Price Forecast$27.00 Forecasted Upside/Downside+53.6%Consensus RatingModerate Buy Rating Score (0-4)2.67 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)$0.71 Trailing P/E Ratio29.80 Forward P/E Ratio19.41 P/E GrowthN/ANet Income$582 million Net Margins6.30% Pretax Margin4.61% Return on Equity2.00% Return on Assets0.65% Debt Debt-to-Equity Ratio1.63 Current Ratio2.13 Quick Ratio2.04 Sales & Book Value Annual Sales$1.19 billion Price / Sales3.59 Cash Flow$1.28 per share Price / Cash Flow16.48 Book Value$19.93 per share Price / Book1.06Miscellaneous Outstanding Shares202,070,000Free Float201,024,000Market Cap$4.28 billion OptionableOptionable Beta0.70 13 Stocks Institutional Investors Won't Stop BuyingWhich stocks are major institutional investors including hedge funds and endowments buying in today's market? Click the link below and we'll send you MarketBeat's list of thirteen stocks that institutional investors are buying up as quickly as they can.Get This Free Report Key ExecutivesMr. Christopher S. Sotos (Age 52)Pres, CEO & Director Comp: $1.4MMs. Sarah Rubenstein (Age 45)Exec. VP, CFO & Principal Accounting Officer Comp: $513.52kMr. Kevin P. Malcarney (Age 56)Exec. VP, Gen. Counsel & Corp. Sec. Comp: $694.71kMr. Michael MurphySr. VP & Chief Investment OfficerJulie BabcockSr. Environmental Mang.Ms. Aarty JoshiDirector of Environmental PermittingMore ExecutivesKey CompetitorsBrookfield RenewableNYSE:BEPCNextEra Energy PartnersNYSE:NEPOrmat TechnologiesNYSE:ORAAtlantica Sustainable InfrastructureNASDAQ:AYReNew Energy GlobalNASDAQ:RNWView All CompetitorsInsiders & InstitutionsBROOKFIELD Corp ON Sold 37,204 shares on 9/26/2023Ownership: 0.463%Alberta Investment Management CorpBought 13,025 shares on 8/24/2023Ownership: 0.006%Virginia Retirement Systems ET ALBought 59,400 shares on 8/22/2023Ownership: 0.029%Principal Street Partners LLCSold 6,096 shares on 8/21/2023Ownership: 0.077%Orion Portfolio Solutions LLCBought 7,097 shares on 8/17/2023Ownership: 0.004%View All Insider TransactionsView All Institutional Transactions CWEN Stock - Frequently Asked Questions Should I buy or sell Clearway Energy stock right now? 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. View CWEN analyst ratings or view top-rated stocks. What is Clearway Energy's stock price forecast for 2023? 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. View analysts price targets for CWEN or view top-rated stocks among Wall Street analysts. How have CWEN shares performed in 2023? 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. Are investors shorting Clearway Energy? 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. When is Clearway Energy's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 1st 2023. View our CWEN earnings forecast. How were Clearway Energy's earnings last quarter? 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. How often does Clearway Energy pay dividends? What is the dividend yield for Clearway Energy? 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. What ETFs hold Clearway Energy's stock? 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). Is Clearway Energy a good dividend stock? 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. What other stocks do shareholders of Clearway Energy own? 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). What is Clearway Energy's stock symbol? Clearway Energy trades on the New York Stock Exchange (NYSE) under the ticker symbol "CWEN." How do I buy shares of Clearway Energy? 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. What is Clearway Energy's stock price today? One share of CWEN stock can currently be purchased for approximately $21.16. How much money does Clearway Energy make? 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. How can I contact Clearway Energy? 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. 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