Clearway Energy - CWEN Stock Forecast, Price & News

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Clearway Energy in the last year. There are currently 2 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" CWEN shares.
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6 analysts have issued 12 month price targets for Clearway Energy's shares. Their CWEN share price forecasts range from $35.00 to $40.00. On average, they expect the company's share price to reach $37.75 in the next year. This suggests a possible upside of 20.5% from the stock's current price.
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Clearway Energy's stock was trading at $31.87 at the beginning of the year. Since then, CWEN stock has decreased by 1.7% and is now trading at $31.33.
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Clearway Energy saw a increase in short interest during the month of February. As of February 28th, there was short interest totaling 2,310,000 shares, an increase of 9.5% from the February 13th total of 2,110,000 shares. Based on an average daily volume of 615,300 shares, the days-to-cover ratio is currently 3.8 days. Approximately 2.9% of the company's shares are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, May 4th 2023.
View our CWEN earnings forecast.

Clearway Energy, Inc. (NYSE:CWEN) released its quarterly earnings results on Thursday, February, 23rd. The company reported $0.10 earnings per share for the quarter, beating analysts' consensus estimates of ($0.88) by $0.98. The business had revenue of $268 million for the quarter, compared to the consensus estimate of $313.21 million. Clearway Energy had a negative trailing twelve-month return on equity of 11.33% and a net margin of 48.91%.

Clearway Energy declared a quarterly dividend on Thursday, February 16th. Investors of record on Wednesday, March 1st will be given a dividend of $0.375 per share on Wednesday, March 15th. This represents a $1.50 dividend on an annualized basis and a yield of 4.79%. The ex-dividend date is Tuesday, February 28th. This is a boost from the stock's previous quarterly dividend of $0.37.
Read our dividend analysis for CWEN.

ETFs with the largest weight of Clearway Energy (NYSE:CWEN) stock in their portfolio include BNY Mellon Global Infrastructure Income ETF (BKGI), Virtus Duff & Phelps Clean Energy ETF (VCLN), ALPS Clean Energy ETF (ACES), Global SuperDividend US ETF (DIV), Invesco DWA Utilities Momentum ETF (PUI), Fidelity Clean Energy ETF (FRNW), RiverFront Dynamic US Dividend Advantage ETF (RFDA) and Fidelity Stocks For Inflation ETF (FCPI).

Clearway Energy (NYSE:CWEN) pays an annual dividend of $1.50 per share and currently has a dividend yield of 4.84%. 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 30.06%. This payout ratio is at a healthy, sustainable level, below 75%. Based on EPS estimates, CWEN will have a dividend payout ratio of 84.27% 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."

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 $31.33.

Clearway Energy (NYSE:CWEN) has a market capitalization of $6.33 billion and generates $1.19 billion in revenue each year. The company earns $582 million in net income (profit) each year or $4.99 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.