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 equities research analysts have issued 12 month target prices for Clearway Energy's stock. Their CWEN share price forecasts range from $27.00 to $38.00. On average, they predict the company's stock price to reach $32.50 in the next twelve months. This suggests a possible upside of 37.0% from the stock's current price.
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Clearway Energy's stock was trading at $31.87 at the beginning of 2023. Since then, CWEN stock has decreased by 25.5% and is now trading at $23.73.
View the best growth stocks for 2023 here.

Clearway Energy saw a decline in short interest in the month of August. As of August 31st, there was short interest totaling 1,230,000 shares, a decline of 10.9% from the August 15th total of 1,380,000 shares. Based on an average daily trading volume, of 1,060,000 shares, the days-to-cover ratio is presently 1.2 days. Approximately 1.5% 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) issued its quarterly earnings data on Tuesday, August, 8th. The company reported $0.33 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.55 by $0.22. The firm had revenue of $406 million for the quarter, compared to analyst estimates of $375.59 million. Clearway Energy had a net margin of 6.30% and a trailing twelve-month return on equity of 2.00%. Clearway Energy's quarterly revenue was up 10.3% on a year-over-year basis. During the same period last year, the firm posted ($3.86) earnings per share.

Clearway Energy announced a quarterly dividend on Monday, August 7th. Shareholders of record on Friday, September 1st will be paid a dividend of $0.389 per share on Friday, September 15th. This represents a $1.56 annualized dividend and a dividend yield of 6.56%. The ex-dividend date of this dividend is Thursday, August 31st. This is a boost 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 $1.55 per share and currently has a dividend yield of 6.50%. 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 218.31%. 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 93.37% 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 variety of institutional and retail investors. Top institutional investors include 1832 Asset Management L.P. (1.13%), BROOKFIELD Corp ON (0.46%), Eventide Asset Management LLC (0.38%), CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT (0.38%), Victory Capital Management Inc. (0.27%) and Mirae Asset Global Investments Co. Ltd. (0.20%). 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 $23.73.

Clearway Energy (NYSE:CWEN) has a market capitalization of $4.80 billion and generates $1.30 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.