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NYSE:CWEN

Clearway Energy (CWEN) Stock Forecast, Price & News

$20.35
-1.14 (-5.30%)
(As of 01:10 PM ET)
Compare
Today's Range
$19.79
$21.56
50-Day Range
$21.49
$27.94
52-Week Range
$19.78
$36.57
Volume
1.70 million shs
Average Volume
890,289 shs
Market Capitalization
$4.11 billion
P/E Ratio
28.66
Dividend Yield
7.67%
Price Target
$32.50

Clearway Energy MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
60.4% Upside
$32.50 Price Target
Short Interest
Healthy
1.95% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.76mentions of Clearway Energy in the last 14 days
Based on 9 Articles This Week
Insider Trading
Acquiring Shares
$94,720 Bought Last Quarter
Proj. Earnings Growth
52.29%
From $1.09 to $1.66 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.73 out of 5 stars

Oils/Energy Sector

37th out of 245 stocks

Electric Services Industry

11th out of 42 stocks


CWEN stock logo

About Clearway Energy (NYSE:CWEN) Stock

Clearway 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.

CWEN Price History

CWEN Stock News Headlines

A Utility Resurgence? 6 Stocks Yielding up to 8.9%
Clearway Energy (NYSE:CWEN) Hits New 52-Week Low at $23.56
Would Buffett Approve of This Growth Strategy?
Warren Buffett's approach has been to find and invest in undervalued businesses with strong potential for growth. Taking this approach to heart and applying it to a Trillion Dollar industry has proved itself in a big way...achieving an incredible 400+% growth during a down market.
Clearway Energy (NYSE:CWEN) Price Target Cut to $27.00
3 Dividend Stocks That Can Generate Income for Life
Would Buffett Approve of This Growth Strategy?
Warren Buffett's approach has been to find and invest in undervalued businesses with strong potential for growth. Taking this approach to heart and applying it to a Trillion Dollar industry has proved itself in a big way...achieving an incredible 400+% growth during a down market.
Q2 2023 Clearway Energy Inc Earnings Call
See More Headlines
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CWEN Company Calendar

Last Earnings
8/08/2023
Ex-Dividend for 9/15 Dividend
8/31/2023
Dividend Payable
9/15/2023
Today
9/28/2023
Next Earnings (Estimated)
11/01/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Electric services
Sub-Industry
N/A
Fax
N/A
Employees
58
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$32.50
High Stock Price Forecast
$38.00
Low Stock Price Forecast
$27.00
Forecasted Upside/Downside
+51.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
3 Analysts

Profitability

Net Income
$582 million
Pretax Margin
4.61%

Debt

Sales & Book Value

Annual Sales
$1.19 billion
Cash Flow
$1.15 per share
Book Value
$19.93 per share

Miscellaneous

Free Float
201,024,000
Market Cap
$4.34 billion
Optionable
Optionable
Beta
0.70
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Key Executives

  • Mr. Christopher S. SotosMr. Christopher S. Sotos (Age 52)
    Pres, CEO & Director
    Comp: $1.4M
  • Ms. Sarah Rubenstein (Age 45)
    Exec. VP, CFO & Principal Accounting Officer
    Comp: $513.52k
  • Mr. Kevin P. Malcarney (Age 56)
    Exec. VP, Gen. Counsel & Corp. Sec.
    Comp: $694.71k
  • Mr. Michael Murphy
    Sr. VP & Chief Investment Officer
  • Julie Babcock
    Sr. Environmental Mang.
  • Ms. Aarty Joshi
    Director of Environmental Permitting













CWEN Stock - Frequently Asked Questions

Should I buy or sell Clearway Energy stock right now?

3 Wall Street equities 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 equities 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 brokers have issued 1-year price objectives 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 51.2% 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 shares have decreased by 32.6% and is now trading at $21.49.
View the best growth stocks for 2023 here
.

Are investors shorting Clearway Energy?

Clearway Energy saw a increase in short interest in 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 daily trading volume, of 910,200 shares, the short-interest ratio is presently 1.7 days. Approximately 2.0% of the shares of the stock are sold short.
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) issued its quarterly 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%. Clearway Energy's revenue was up 10.3% compared to the same quarter last year. During the same period in the prior year, the company earned ($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. Shareholders 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 7.24%. The ex-dividend date is Thursday, August 31st. This is an increase from the stock's previous quarterly dividend of $0.38.
Read our dividend analysis for CWEN
.

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 6.51%. 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."

Who are Clearway Energy's major shareholders?

Clearway Energy's stock is owned by a number of institutional and retail investors. Top institutional investors include 1832 Asset Management L.P. (1.13%), BROOKFIELD Corp ON (0.46%), BROOKFIELD Corp ON (0.46%), Eventide Asset Management LLC (0.38%), CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT (0.38%) and Victory Capital Management Inc. (0.27%). Insiders that own company stock include Christopher S Sotos, E Stanley Oneal and Infrastructure Investor Global.
View institutional ownership trends
.

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 $21.49.

How much money does Clearway Energy make?

Clearway Energy (NYSE:CWEN) has a market capitalization of $4.34 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.

This page (NYSE:CWEN) was last updated on 9/28/2023 by MarketBeat.com Staff

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