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.
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Industry, Sector and Symbol
Industry Electric services
Sub-IndustryN/A
SectorOils/Energy
CIKN/A
Phone609-608-1525
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$1.05 billion
Profitability
Miscellaneous
Employees269
Next Earnings Date5/5/2020 (Estimated)
OptionableOptionable
Clearway Energy (NYSE:CWEN) Frequently Asked Questions
What is Clearway Energy's stock symbol?
Clearway Energy trades on the New York Stock Exchange (NYSE) under the ticker symbol "CWEN."
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. Investors 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 yield of 4.10%. The ex-dividend date of this dividend is Friday, February 28th. This is an increase from Clearway Energy's previous quarterly dividend of $0.20. View Clearway Energy's Dividend History.
How were Clearway Energy's earnings last quarter?
Clearway Energy Inc (NYSE:CWEN) issued its quarterly earnings results 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 earned $235 million during the quarter, compared to analysts' expectations of $282.24 million. Clearway Energy had a negative net margin of 7.11% and a negative return on equity of 3.45%. During the same period last year, the business posted ($0.52) earnings per share. View Clearway Energy's Earnings History.
When is Clearway Energy's next earnings date?
What price target have analysts set for CWEN?
3 Wall Street analysts have issued 1 year price objectives for Clearway Energy's stock. Their forecasts range from $16.00 to $17.00. On average, they expect Clearway Energy's stock price to reach $16.50 in the next twelve months. This suggests that the stock has a possible downside of 19.5%. View Analyst Price Targets for Clearway Energy.
What is the consensus analysts' recommendation for Clearway Energy?
3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Clearway Energy in the last year. There are currently 2 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings 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?
Media stories about CWEN stock have trended very negative this week, according to InfoTrie Sentiment. The research firm ranks the sentiment of media coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Clearway Energy earned a news sentiment score of -3.0 on InfoTrie's scale. They also gave media coverage about the company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the company's share price in the next few days. View News Stories for Clearway Energy.
Who are some of Clearway Energy's key competitors?
Some companies that are related to Clearway Energy include Tenaga Nasional Bhd (TNABY), Avangrid (AGR), Korea Electric Power (KEP), CenterPoint Energy (CNP), CENTRAIS ELETRI/S (EBR.B), Pinnacle West Capital (PNW), Vistra Energy (VST), CENTRAIS ELETRI/S (EBR), CPFL Energia (CPL), Enel Americas (ENIA), Brookfield Renewable Partners (BEP), ENGIE BRASIL EN/S (EGIEY), NRG Energy (NRG), Algonquin Power & Utilities (AQN) and OGE Energy (OGE).
What other stocks do shareholders of Clearway Energy own?
Who are Clearway Energy's key executives?
Clearway Energy's management team includes the folowing 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
Who are Clearway Energy's major shareholders?
Clearway Energy's stock is owned by a variety of of institutional and retail investors. Top institutional investors 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 for Clearway Energy.
Which institutional investors are buying Clearway Energy stock?
CWEN stock was bought by a variety of institutional investors in the last quarter, including Kayne Anderson Capital Advisors LP, Franklin Resources Inc., Marshall Wace LLP, Marshall Wace North America L.P., 361 Capital LLC, Campbell & CO Investment Adviser LLC, Community Capital Management Inc. and Victory 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 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 $20.50.
How big of a company is Clearway Energy?
Clearway Energy has a market capitalization of $3.96 billion and generates $1.05 billion in revenue each year. The company earns $52 million in net income (profit) each year or $0.46 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?
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)
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.
