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NYSE:CWEN

Clearway Energy Stock Forecast, Price & News

$29.53
-0.05 (-0.17 %)
(As of 12/2/2020 12:00 AM ET)
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Today's Range
$29.15
Now: $29.53
$29.75
50-Day Range
$28.16
MA: $29.42
$30.64
52-Week Range
$16.12
Now: $29.53
$32.79
Volume586,345 shs
Average Volume491,388 shs
Market Capitalization$5.95 billion
P/E Ratio82.03
Dividend Yield4.35%
Beta0.6
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 October 12, 2020, it had contracted generation portfolio of 7,000 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 1,530 net MW thermal equivalent; and electric generation capacity of 139 net MWs. Its thermal infrastructure assets provide steam, hot water and/or chilled water, and electricity to commercial businesses, universities, hospitals, and governmental units. Clearway Energy, Inc. was founded in 2012 and is based in Princeton, New Jersey.
Clearway Energy logo

Beat the Market (BTM) Rank

Analyst Opinion: 1.1Community Rank: 2.2Dividend Strength: 1.7Insider Behavior: 0.0Valuation: 0.0 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.00 out of 5 stars


Industry, Sector and Symbol

Industry Electric services
Sub-IndustryN/A
CUSIPN/A
CIKN/A
Phone609-608-1525
Employees307

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.03 billion
Cash Flow$2.44 per share
Book Value$11.09 per share

Profitability

Net Income$-11,000,000.00

Miscellaneous

Market Cap$5.95 billion
Next Earnings Date2/25/2021 (Estimated)
OptionableOptionable
$29.53
-0.05 (-0.17 %)
(As of 12/2/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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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 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, CWEN shares have increased by 38.4% and is now trading at $29.53.
View which stocks have been most impacted by COVID-19
.

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 3 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for Clearway Energy
or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than Clearway Energy?

Wall Street analysts have given Clearway Energy a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Clearway Energy wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Clearway Energy's next earnings date?

Clearway Energy is scheduled to release its next quarterly earnings announcement on Thursday, February 25th 2021.
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, November, 5th. The company reported $0.31 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.73 by $0.42. The business had revenue of $322 million for the quarter, compared to analyst estimates of $377.64 million. Clearway Energy had a net margin of 3.81% and a return on equity of 2.27%. The company's quarterly revenue was up 8.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.36 EPS.
View Clearway Energy's earnings history
.

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

Clearway Energy announced a quarterly dividend on Friday, November 6th. Stockholders of record on Tuesday, December 1st will be given a dividend of $0.318 per share on Tuesday, December 15th. This represents a $1.27 dividend on an annualized basis and a dividend yield of 4.31%. The ex-dividend date of this dividend is Monday, November 30th. This is a boost from Clearway Energy's previous quarterly dividend of $0.31.
View Clearway Energy's dividend history
.

What price target have analysts set for CWEN?

4 brokerages have issued 12 month price targets for Clearway Energy's stock. Their forecasts range from $26.00 to $26.00. On average, they anticipate Clearway Energy's share price to reach $26.00 in the next year. This suggests that the stock has a possible downside of 12.0%.
View analysts' price targets for Clearway Energy
.

Are investors shorting Clearway Energy?

Clearway Energy saw a decline in short interest in October. As of October 30th, there was short interest totaling 4,130,000 shares, a decline of 30.9% from the October 15th total of 5,980,000 shares. Based on an average daily volume of 662,500 shares, the short-interest ratio is currently 6.2 days. Currently, 5.4% of the shares of the company are sold short.
View Clearway Energy's Short Interest
.

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 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).

Who are Clearway Energy's key executives?

Clearway Energy's management team includes the following people:
  • Mr. Christopher S. Sotos, Pres, CEO & Director (Age 49, Pay $1.53M)
  • Mr. Chad S. Plotkin, Sr. VP & CFO (Age 45, Pay $732.1k)
  • Mr. Kevin P. Malcarney, Sr. VP, Gen. Counsel & Corp. Sec. (Age 53, Pay $481.64k)

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 shareholders include Tortoise Capital Advisors L.L.C. (0.66%), Hillcrest Asset Management LLC (0.23%), Advisors Capital Management LLC (0.22%), Alps Advisors Inc. (0.21%), Jennison Associates LLC (0.18%) and First Trust Advisors LP (0.17%). 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 Victory Capital Management Inc., Advisors Capital Management LLC, Eagle Global Advisors LLC, Hillcrest Asset Management LLC, Kiwi Wealth Investments Limited Partnership, Principal Street Partners LLC, State of New Jersey Common Pension Fund D, and Sei Investments Co..
View insider buying and selling activity 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 Tortoise Capital Advisors L.L.C., Great Lakes Advisors LLC, First Trust Advisors LP, Alps Advisors Inc., Public Sector Pension Investment Board, Westover Capital Advisors LLC, Congress Asset Management Co. MA, and AQR Capital Management LLC. 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 $29.53.

How big of a company is Clearway Energy?

Clearway Energy has a market capitalization of $5.95 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 307 workers across the globe.

What is Clearway Energy's official website?

The official website for Clearway Energy is 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]

This page was last updated on 12/3/2020 by MarketBeat.com Staff

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