Clearway Energy - CWEN Stock Forecast, Price & News

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Clearway Energy in the last twelve months. There are currently 2 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" CWEN shares.
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5 brokers have issued 12-month target prices for Clearway Energy's stock. Their CWEN share price forecasts range from $35.00 to $40.00. On average, they anticipate the company's share price to reach $37.00 in the next year. This suggests a possible upside of 12.9% from the stock's current price.
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Clearway Energy's stock was trading at $31.87 at the start of the year. Since then, CWEN stock has increased by 2.9% and is now trading at $32.78.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, February 23rd 2023.
View our CWEN earnings forecast.

Clearway Energy will be holding an earnings conference call on Thursday, February 23rd at 8:00 AM Eastern. Interested parties can register for or listen to the call using this link.

Clearway Energy, Inc. (NYSE:CWEN) posted its quarterly earnings data on Thursday, November, 4th. The company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.70 by $0.52. The company earned $351 million during the quarter, compared to analysts' expectations of $439.19 million. Clearway Energy had a negative trailing twelve-month return on equity of 12.43% and a net margin of 45.32%. The firm's quarterly revenue was up 9.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.31 earnings per share.

Clearway Energy declared a quarterly dividend on Wednesday, November 2nd. Stockholders of record on Thursday, December 1st will be paid a dividend of $0.367 per share on Thursday, December 15th. This represents a $1.47 dividend on an annualized basis and a dividend yield of 4.48%. The ex-dividend date is Wednesday, November 30th. This is a boost from the stock's previous quarterly dividend of $0.36.
Read our dividend analysis for CWEN.

Clearway Energy (NYSE:CWEN) pays an annual dividend of $1.47 per share and currently has a dividend yield of 4.46%. 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 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 30.50%. This payout ratio is at a healthy, sustainable level, below 75%. Based on EPS estimates, CWEN will have a dividend payout ratio of 98.66% 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 investors include Congress Asset Management Co. MA (0.09%), Knights of Columbus Asset Advisors LLC (0.07%), Eagle Global Advisors LLC (0.04%), Asset Management One Co. Ltd. (0.04%), Nordea Investment Management AB (0.03%) and Vectors Research Management LLC (0.03%). 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 $32.78.

Clearway Energy (NYSE:CWEN) has a market capitalization of $6.62 billion and generates $1.29 billion in revenue each year. The company earns $51 million in net income (profit) each year or $4.82 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.