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NYSE:CWEN - Clearway Energy Stock Price, Forecast & News

$18.82
-1.41 (-6.97 %)
(As of 03/29/2020 02:31 AM ET)
Today's Range
$18.29
Now: $18.82
$19.99
50-Day Range
$16.61
MA: $21.02
$23.11
52-Week Range
$14.77
Now: $18.82
$23.24
Volume679,523 shs
Average Volume1.24 million shs
Market Capitalization$3.74 billion
P/E RatioN/A
Dividend Yield4.15%
Beta1.09
Clearway Energy, Inc., through its subsidiaries, acquires, owns, and operates contracted renewable energy and conventional generation, and thermal infrastructure assets in the United States. As of December 31, 2018, it had contracted generation portfolio of 5,272 net megawatts (MWs) of wind, solar, and natural gas-fired power generation facilities, as well as district energy systems. The company also owns thermal infrastructure assets with an aggregate steam and chilled water capacity of 1,385 net MW thermal equivalents; and electric generation capacity of 133 net MWs. Its thermal infrastructure assets provide steam, hot water and/or chilled water, and electricity to commercial businesses, universities, hospitals, and governmental units. The company was founded in 2012 and is based in Princeton, New Jersey. Clearway Energy, Inc. is a subsidiary of Clearway Energy Group LLC.
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Clearway Energy logo

Industry, Sector and Symbol

Industry Electric services
Sub-IndustryN/A
SectorOils/Energy
CUSIPN/A
CIKN/A
Phone609-608-1525

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.03 billion
Cash Flow$2.25 per share
Book Value$11.38 per share

Profitability

Net Income$-11,000,000.00

Miscellaneous

Employees269
Market Cap$3.74 billion
Next Earnings Date5/5/2020 (Estimated)
OptionableOptionable

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Clearway Energy (NYSE:CWEN) Frequently Asked Questions

How has Clearway Energy's stock been impacted by COVID-19 (Coronavirus)?

Clearway Energy's stock was trading at $21.34 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, CWEN shares have decreased by 11.8% and is now trading at $18.82. View which stocks have been mosted impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Clearway Energy?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Clearway Energy in the last year. There are currently 2 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Clearway Energy.

When is Clearway Energy's next earnings date?

Clearway Energy is scheduled to release its next quarterly earnings announcement on Tuesday, May 5th 2020. View our earnings forecast for Clearway Energy.

How were Clearway Energy's earnings last quarter?

Clearway Energy Inc (NYSE:CWEN) released its quarterly earnings data on Thursday, February, 27th. The company reported ($0.06) EPS for the quarter, missing the consensus estimate of $0.39 by $0.45. The business had revenue of $235 million for the quarter, compared to analyst estimates of $282.24 million. Clearway Energy had a negative net margin of 1.07% and a negative return on equity of 0.52%. During the same period last year, the firm earned ($0.52) EPS. View Clearway Energy's earnings history.

How often does Clearway Energy pay dividends? What is the dividend yield for Clearway Energy?

Clearway Energy declared a quarterly dividend on Wednesday, February 19th. Stockholders of record on Monday, March 2nd will be given a dividend of $0.21 per share on Monday, March 16th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 4.46%. The ex-dividend date of this dividend is Friday, February 28th. This is a positive change from Clearway Energy's previous quarterly dividend of $0.20. View Clearway Energy's dividend history.

What price target have analysts set for CWEN?

4 brokerages have issued twelve-month price objectives for Clearway Energy's stock. Their forecasts range from $16.00 to $26.00. On average, they expect Clearway Energy's share price to reach $19.67 in the next twelve months. This suggests a possible upside of 4.5% from the stock's current price. View analysts' price targets for Clearway Energy.

What are Wall Street analysts saying about Clearway Energy stock?

Here are some recent quotes from research analysts about Clearway Energy stock:
  • 1. According to Zacks Investment Research, "Clearway Energy is poised to gain from its long-lived renewable assets. Clearway Energy’s planned capital expenditure expands renewable generation and helps it to maintain its generation portfolio in compliance with environmental regulations. Focus on North American operation is acting as a tailwind for the company. Notably, shares of Clearway Energy have outperformed its industry in the past six months. The company completes acquisition of 527 MW Carlsbad Energy Center further expanding its clean energy generation portfolio. However, Clearway Energy generates a substantial volume of electricity from renewable sources, subject to favorable weather conditions that could not be assured always. Dependence on performance of third-party transmission lines may impact its performance. High debt level of the company is a concern." (1/16/2020)
  • 2. Evercore ISI analysts commented, "We update our FY19 EBITDA and CAFD forecasts to $970m and $160m from $994m and $181m, respectively. Our ’20/’21 EBITDA and CAFD estimates remain unchanged at $1,007m/$1,010m and $200m/$209m, respectively. We continue to exclude $90m of cash dividends from the PG&E assets from our forecast. Our 2019 forecast now reflects latest management guidance including YTD headwinds as well as contributions from the committed growth investments (including Hawaii solar acquisition, the Mylan CHP project, and DG investments), lower financing, cost savings and O&M management. Management increased its pro-forma CAFD outlook to $300m from $295m based on Repowering 1 improvements. Our ‘20/’21 forecast remains unchanged. Our 12-month price target up to $17.50 from $16/share, reflecting an improved risk weighting of our downside and upside case scenarios for how PCG treats CWEN’s contracts in bankruptcy." (8/11/2019)

Has Clearway Energy been receiving favorable news coverage?

Headlines about CWEN stock have trended negative on Sunday, according to InfoTrie. The research group identifies negative and positive news coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Clearway Energy earned a media sentiment score of -2.1 on InfoTrie's scale. They also gave media coverage about the company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the company's share price in the immediate future. View the latest news aboutClearway Energy.

Who are some of Clearway Energy's key competitors?

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 AbbVie (ABBV), NVIDIA (NVDA), Bank of America (BAC), AT&T (T), Target (TGT), Walt Disney (DIS), Walmart (WMT), Paypal (PYPL), salesforce.com (CRM) and Enterprise Products Partners (EPD).

Who are Clearway Energy's key executives?

Clearway Energy's management team includes the following people:
  • Mr. Christopher S. Sotos, Pres, CEO & Director (Age 48)
  • Mr. Chad S. Plotkin, Sr. VP & CFO (Age 44)
  • Ms. Mary-Lee Stillwell, VP & Chief Accounting Officer (Age 45)
  • Mr. Kevin P. Malcarney, Sr. VP, Gen. Counsel & Corp. Sec. (Age 52)
  • Mr. Kevin L. Cole CFA, Sr. VP of Investor Relations

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 variety of retail and institutional investors. Top institutional shareholders include Reaves W H & Co. Inc. (0.47%), Robeco Institutional Asset Management B.V. (0.39%), Hillcrest Asset Management LLC (0.35%), Kayne Anderson Capital Advisors LP (0.18%), Baird Financial Group Inc. (0.12%) and Guggenheim Capital LLC (0.07%). Company insiders that own Clearway Energy stock include Chad Plotkin, Christopher S Sotos, Infrastructure Investor Global and Kevin P Malcarney. View institutional ownership trends for Clearway Energy.

Which institutional investors are selling Clearway Energy stock?

CWEN stock was sold by a variety of institutional investors in the last quarter, including AQR Capital Management LLC, Great Lakes Advisors LLC, Reaves W H & Co. Inc., Robeco Institutional Asset Management B.V., Hillcrest Asset Management LLC, First Trust Advisors LP, State of New Jersey Common Pension Fund D, and Guggenheim Capital LLC. View insider buying and selling activity for Clearway Energy.

Which institutional investors are buying Clearway Energy stock?

CWEN stock was purchased by a variety of institutional investors in the last quarter, including Kayne Anderson Capital Advisors LP, Franklin Resources Inc., Franklin Resources Inc., Marshall Wace LLP, Marshall Wace North America L.P., 361 Capital LLC, Campbell & CO Investment Adviser LLC, and Community Capital Management Inc.. Company insiders that have bought Clearway Energy stock in the last two years include Chad Plotkin, Christopher S Sotos, Infrastructure Investor Global, and Kevin P Malcarney. View insider buying and selling activity for Clearway Energy.

How do I buy shares of Clearway Energy?

Shares of CWEN can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Clearway Energy's stock price today?

One share of CWEN stock can currently be purchased for approximately $18.82.

How big of a company is Clearway Energy?

Clearway Energy has a market capitalization of $3.74 billion and generates $1.03 billion in revenue each year. The company earns $-11,000,000.00 in net income (profit) each year or ($0.10) on an earnings per share basis. Clearway Energy employs 269 workers across the globe. View additional information about Clearway Energy.

What is Clearway Energy's official website?

The official website for Clearway Energy is http://www.clearwayenergy.com/.

How can I contact Clearway Energy?

Clearway Energy's mailing address is 300 CARNEGIE CENTER SUITE 300, PRINCETON NJ, 08540. The company can be reached via phone at 609-608-1525 or via email at [email protected]


MarketBeat Community Rating for Clearway Energy (NYSE CWEN)

Community Ranking:  2.3 out of 5 (star star)
Outperform Votes:  100 (Vote Outperform)
Underperform Votes:  120 (Vote Underperform)
Total Votes:  220
MarketBeat's community ratings are surveys of what our community members think about Clearway Energy and other stocks. Vote "Outperform" if you believe CWEN will outperform the S&P 500 over the long term. Vote "Underperform" if you believe CWEN will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 3/29/2020 by MarketBeat.com Staff

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