Clearway Energy - CWEN Stock Forecast, Price & News

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Clearway Energy in the last twelve months. There are currently 3 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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7 analysts have issued 12-month price objectives for Clearway Energy's stock. Their CWEN share price forecasts range from $35.00 to $44.00. On average, they predict the company's stock price to reach $38.20 in the next twelve months. This suggests a possible upside of 10.3% from the stock's current price.
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Clearway Energy's stock was trading at $36.03 at the beginning of 2022. Since then, CWEN shares have decreased by 3.9% and is now trading at $34.62.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, November 3rd 2022.
View our CWEN earnings forecast.

Clearway Energy, Inc. (NYSE:CWEN) posted its quarterly earnings data on Tuesday, August, 2nd. The company reported ($3.86) EPS for the quarter, missing the consensus estimate of $0.38 by $4.24. The firm had revenue of $368 million for the quarter, compared to the consensus estimate of $388.91 million. Clearway Energy had a net margin of 44.04% and a negative trailing twelve-month return on equity of 13.81%.

Clearway Energy declared a quarterly dividend on Monday, August 1st. Investors of record on Thursday, September 1st will be given a dividend of $0.36 per share on Thursday, September 15th. This represents a $1.44 annualized dividend and a yield of 4.16%. The ex-dividend date of this dividend is Wednesday, August 31st. This is a positive change from the stock's previous quarterly dividend of $0.35.
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 4.03%. 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 30.51%. This payout ratio is at a healthy, sustainable level, below 75%. Based on EPS estimates, CWEN will have a dividend payout ratio of 187.01% 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 a number of retail and institutional investors. Top institutional shareholders include ClearBridge Investments Ltd (3.88%), Tortoise Capital Advisors L.L.C. (1.36%), Jennison Associates LLC (0.53%), Alps Advisors Inc. (0.27%), Baird Financial Group Inc. (0.13%) and Kennedy Capital Management Inc. (0.11%). Insiders that own company stock include Christopher S Sotos, E Stanley Oneal and Infrastructure Investor Global.
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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 $34.62.

Clearway Energy (NYSE:CWEN) has a market capitalization of $6.99 billion and generates $1.29 billion in revenue each year. The company earns $51 million in net income (profit) each year or $4.72 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.