Clearway Energy - CWEN Stock Forecast, Price & News

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Clearway Energy in the last year. There are currently 3 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" CWEN shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CWEN, but not buy additional shares or sell existing shares.
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5 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 predict the company's share price to reach $37.00 in the next twelve months. This suggests a possible upside of 4.1% from the stock's current price.
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Clearway Energy's stock was trading at $36.03 at the beginning of the year. Since then, CWEN stock has decreased by 1.3% and is now trading at $35.55.
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Clearway Energy saw a decline in short interest during the month of November. As of November 15th, there was short interest totaling 2,180,000 shares, a decline of 14.2% from the October 31st total of 2,540,000 shares. Based on an average trading volume of 585,300 shares, the short-interest ratio is currently 3.7 days. Approximately 2.7% of the shares of the company are sold short.
View Clearway Energy's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Monday, February 27th 2023.
View our CWEN earnings forecast.

Clearway Energy, Inc. (NYSE:CWEN) posted its quarterly earnings results on Wednesday, November, 2nd. The company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.15. The firm earned $340 million during the quarter, compared to analyst estimates of $358.35 million. Clearway Energy had a negative trailing twelve-month return on equity of 12.43% and a net margin of 45.32%.

Clearway Energy announced a quarterly dividend on Wednesday, November 2nd. Investors of record on Thursday, December 1st will be given a dividend of $0.367 per share on Thursday, December 15th. This represents a $1.47 annualized dividend and a dividend yield of 4.13%. The ex-dividend date is Wednesday, November 30th. This is a boost from the stock's previous quarterly dividend of $0.36.
Read our dividend analysis for CWEN.

Clearway Energy (NYSE:CWEN) pays an annual dividend of $1.44 per share and currently has a dividend yield of 4.00%. 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 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 29.88%. This payout ratio is at a healthy, sustainable level, below 75%. Based on EPS estimates, CWEN will have a dividend payout ratio of 115.20% 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."

Clearway Energy's stock is owned by many different institutional and retail investors. Top institutional shareholders include Tortoise Capital Advisors L.L.C. (1.38%), Eventide Asset Management LLC (0.57%), Jennison Associates LLC (0.53%), Electron Capital Partners LLC (0.43%), First Trust Advisors LP (0.37%) and Cohen & Steers Inc. (0.30%). Insiders that own company stock include Christopher S Sotos, E Stanley Oneal and Infrastructure Investor Global.
View institutional ownership trends.

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 $35.55.

Clearway Energy (NYSE:CWEN) has a market capitalization of $7.18 billion and generates $1.29 billion in revenue each year. The company earns $51 million in net income (profit) each year or $4.82 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.