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S&P 500   4,179.83
DOW   32,908.27
QQQ   347.99
Stock market today: Global shares mostly rise after House approves debt ceiling deal
The $193 Billion US-China War You Don't Know About (Ad)
Alibaba Unveils Its Spin-Off Plans
The Most Upgraded Stocks From The Q1 Earnings Season
The $193 Billion US-China War You Don't Know About (Ad)
Oman launches $5B investment fund as part of efforts to diversify oil-dependant economy
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Graphite Shortage Could Derail the $7 Trillion EV Transition (Ad)
Can These Two Crypto Stocks Stage a Comeback?
Advance Auto Parts Backfires: Is This A Warning For The S&P 500?
S&P 500   4,179.83
DOW   32,908.27
QQQ   347.99
Stock market today: Global shares mostly rise after House approves debt ceiling deal
The $193 Billion US-China War You Don't Know About (Ad)
Alibaba Unveils Its Spin-Off Plans
The Most Upgraded Stocks From The Q1 Earnings Season
The $193 Billion US-China War You Don't Know About (Ad)
Oman launches $5B investment fund as part of efforts to diversify oil-dependant economy
A.I. ETF Sold Out Of Monster Energy, Three Ways To Look At It
Graphite Shortage Could Derail the $7 Trillion EV Transition (Ad)
Can These Two Crypto Stocks Stage a Comeback?
Advance Auto Parts Backfires: Is This A Warning For The S&P 500?
S&P 500   4,179.83
DOW   32,908.27
QQQ   347.99
Stock market today: Global shares mostly rise after House approves debt ceiling deal
The $193 Billion US-China War You Don't Know About (Ad)
Alibaba Unveils Its Spin-Off Plans
The Most Upgraded Stocks From The Q1 Earnings Season
The $193 Billion US-China War You Don't Know About (Ad)
Oman launches $5B investment fund as part of efforts to diversify oil-dependant economy
A.I. ETF Sold Out Of Monster Energy, Three Ways To Look At It
Graphite Shortage Could Derail the $7 Trillion EV Transition (Ad)
Can These Two Crypto Stocks Stage a Comeback?
Advance Auto Parts Backfires: Is This A Warning For The S&P 500?
NYSE:CWEN

Clearway Energy (CWEN) Stock Forecast, Price & News

$28.73
-0.54 (-1.84%)
(As of 05/31/2023 ET)
Compare
Today's Range
$28.38
$28.86
50-Day Range
$28.73
$32.19
52-Week Range
$28.38
$41.79
Volume
954,588 shs
Average Volume
693,310 shs
Market Capitalization
$5.81 billion
P/E Ratio
5.45
Dividend Yield
5.22%
Price Target
$37.75

Clearway Energy MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
31.4% Upside
$37.75 Price Target
Short Interest
Healthy
2.43% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
1.35mentions of Clearway Energy in the last 14 days
Based on 5 Articles This Week
Insider Trading
Acquiring Shares
$2.24 M Bought Last Quarter
Proj. Earnings Growth
-1.76%
From $1.70 to $1.67 Per Share

Overall MarketRank

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

2.96 out of 5 stars

Oils/Energy Sector

35th out of 249 stocks

Electric Services Industry

5th out of 40 stocks


CWEN stock logo

About Clearway Energy (NYSE:CWEN) Stock

Clearway Energy, Inc. engages in the ownership of contracted renewable and conventional generation facilities and thermal infrastructure assets. It operates through the following segments: Conventional Generation, Thermal, Renewable, and Corporate. The Renewable segment include solar and wind business. The Corporate segment consists company's corporate costs and include eliminating entries. The company was founded on December 20, 2012 and is headquartered in Princeton, NJ.

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CWEN Stock News Headlines

Graphite Shortage Could Derail the $7 Trillion EV Transition
Graphite (not lithium) is expected to see the largest increase in demand of all battery metals over the next decade. But projections warn of an 8 million ton shortfall of graphite by 2040. That's why 97 more graphite mines are needed just to keep up with battery production for the $7 trillion transition to electric vehicles.
Analysts Set Clearway Energy, Inc. (NYSE:CWEN) PT at $38.33
The $193 Billion US-China War You Don't Know About
They're fighting for control of lithium – a key ingredient in EVs and clean energy technology. It's arguably the most important commodity of the 21st century. China owns 80% of global supply. But the US plans to grab a massive slice of the lithium market, which is forecasted to quadruple to $193 billion by 2028, according to Fortune Business Insights.
Clearway Energy (CWEN) to Release Earnings on Thursday
CWEN or VWDRY: Which Is the Better Value Stock Right Now?
See More Headlines
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CWEN Company Calendar

Last Earnings
11/04/2021
Ex-Dividend for 3/15 Dividend
2/28/2023
Dividend Payable
3/15/2023
Today
5/31/2023
Ex-Dividend for 6/15 Dividend
5/31/2023
Dividend Payable
6/15/2023
Next Earnings (Estimated)
8/01/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Electric services
Sub-Industry
N/A
Fax
N/A
Employees
304
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$37.75
High Stock Price Forecast
$40.00
Low Stock Price Forecast
$35.00
Forecasted Upside/Downside
+31.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
4 Analysts

Profitability

Net Income
$582 million
Pretax Margin
105.06%

Debt

Sales & Book Value

Annual Sales
$1.19 billion
Cash Flow
$1.26 per share
Book Value
$20.55 per share

Miscellaneous

Free Float
201,024,000
Market Cap
$5.81 billion
Optionable
Optionable
Beta
0.73

Key Executives

  • Christopher S. SotosChristopher S. Sotos
    President, Chief Executive Officer & Director
  • Sarah Rubenstein
    Executive VP, Chief Financial & Accounting Officer
  • Kevin P. Malcarney
    Secretary, Executive VP & General Counsel
  • Michael Murphy
    Chief Investment Officer & SVP
  • Akil Marsh
    Head-Investor Relations













CWEN Stock - Frequently Asked Questions

Should I buy or sell Clearway Energy stock right now?

4 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 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" CWEN shares.
View CWEN analyst ratings
or view top-rated stocks.

What is Clearway Energy's stock price forecast for 2023?

4 brokers have issued 1 year price objectives for Clearway Energy's shares. Their CWEN share price forecasts range from $35.00 to $40.00. On average, they expect the company's stock price to reach $37.75 in the next year. This suggests a possible upside of 31.4% 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 on January 1st, 2023. Since then, CWEN stock has decreased by 9.9% and is now trading at $28.73.
View the best growth stocks for 2023 here
.

Are investors shorting Clearway Energy?

Clearway Energy saw a decrease in short interest during the month of May. As of May 15th, there was short interest totaling 1,960,000 shares, a decrease of 10.1% from the April 30th total of 2,180,000 shares. Based on an average daily volume of 846,800 shares, the days-to-cover ratio is presently 2.3 days. Currently, 2.4% of the company's 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 Tuesday, August 1st 2023.
View our CWEN earnings forecast
.

How were Clearway Energy's earnings last quarter?

Clearway Energy, Inc. (NYSE:CWEN) posted its quarterly earnings results on Thursday, November, 4th. The company reported $0.18 EPS for the quarter, missing analysts' consensus estimates of $0.70 by $0.52. The company earned $351 million during the quarter, compared to the consensus estimate of $439.19 million. Clearway Energy had a net margin of 48.58% and a negative trailing twelve-month return on equity of 9.85%. The company's revenue for the quarter was up 9.0% on a year-over-year basis. During the same period last year, the business posted $0.31 earnings per share.

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

Clearway Energy announced a quarterly dividend on Wednesday, May 3rd. Investors of record on Thursday, June 1st will be paid a dividend of $0.382 per share on Thursday, June 15th. This represents a $1.53 dividend on an annualized basis and a dividend yield of 5.32%. The ex-dividend date is Wednesday, May 31st. This is a positive change 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 $1.50 per share and currently has a dividend yield of 5.13%. 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 28.46%. This payout ratio is at a healthy, sustainable level, below 75%. Based on EPS estimates, CWEN will have a dividend payout ratio of 89.82% 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 variety of institutional and retail investors. Top institutional investors include Tortoise Capital Advisors L.L.C. (1.39%), 1832 Asset Management L.P. (1.15%), HITE Hedge Asset Management LLC (0.59%), Brookfield Corp ON (0.48%), ClearBridge Investments Ltd (0.33%) and First Trust Advisors LP (0.30%). 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 $28.73.

How much money does Clearway Energy make?

Clearway Energy (NYSE:CWEN) has a market capitalization of $5.81 billion and generates $1.19 billion in revenue each year. The company earns $582 million in net income (profit) each year or $5.27 on an earnings per share basis.

How many employees does Clearway Energy have?

The company employs 304 workers across the globe.

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 6/1/2023 by MarketBeat.com Staff

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