NYSE:CWENClearway Energy Stock Price, Forecast & News Adding Choose a watchlist: Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Clearway Energy Inc Please log in to your account or sign up in order to add this asset to your watchlist. Log In and Add $22.73 +0.15 (+0.66 %) (As of 07/14/2020 09:38 AM ET) Add Compare Share Today's Range$22.53Now: $22.73▼$23.2050-Day Range$21.16MA: $22.78▼$24.7552-Week Range$16.12Now: $22.73▼$25.09Volume378,400 shsAverage Volume642,271 shsMarket Capitalization$4.53 billionP/E RatioN/ADividend Yield3.72%Beta0.95 ProfileAnalyst RatingsAdvanced ChartCompetitorsDividendEarningsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSocial Media 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 December 31, 2018, it had contracted generation portfolio of 5,272 net 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 1,385 net MW thermal equivalents; and electric generation capacity of 133 net MWs. Its thermal infrastructure assets provide steam, hot water and/or chilled water, and electricity to commercial businesses, universities, hospitals, and governmental units. The company was founded in 2012 and is based in Princeton, New Jersey. Clearway Energy, Inc. is a subsidiary of Clearway Energy Group LLC.Read More Beat the Market (BTM) Rank™ 1.1 Analyst's Opinion Consensus RatingClearway Energy has received a consensus rating of Hold. The company's average rating score is 2.20, and is based on 1 buy rating, 4 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $21.25, Clearway Energy has a potential downside of 6.5% from its current price of $22.73.Amount of Analyst CoverageClearway Energy has only been the subject of 2 research reports in the past 90 days. Previous Next 2.2 Community Rank Outperform VotesClearway Energy has received 100 “outperform” votes. (Add your “outperform” vote.)Underperform VotesClearway Energy has received 126 “underperform” votes. (Add your “underperform” vote.)Community SentimentClearway Energy has received 55.75% “underperform” votes from our community.MarketBeat's community ratings are surveys of what our community members think about Clearway Energy and other stocks. Vote “Outperform” if you believe CWEN will outperform the S&P 500 over the long term. Vote “Underperform” if you believe CWEN will underperform the S&P 500 over the long term. You may vote once every thirty days. Previous Next 1.7 Dividend Strength Dividend YieldClearway Energy pays a meaningful dividend of 3.72%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthClearway Energy does not have a long track record of dividend growth.Dividend SustainabilityBased on earnings estimates, Clearway Energy will have a dividend payout ratio of 68.85% next year. This indicates that Clearway Energy will be able to sustain or increase its dividend. Previous Next 1.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Clearway Energy insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 0.35% of the stock of Clearway Energy is held by insiders.Percentage Held by Institutions35.33% of the stock of Clearway Energy is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 0.0 Earnings and Valuation Earnings GrowthEarnings for Clearway Energy are expected to decrease by -19.74% in the coming year, from $1.52 to $1.22 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Clearway Energy is -126.28, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of Clearway Energy is -126.28, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Growth RatioClearway Energy has a PEG Ratio of 1.16. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioClearway Energy has a P/B Ratio of 2.00. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next Analyst Opinion: 1.1Community Rank: 2.2Dividend Strength: 1.7Insider Behavior: 1.0Valuation: 0.0 5 -4 -3 -2 -1 -Overall Beat the Market Rank™1.19 out of 5 stars Industry, Sector and Symbol Stock Exchange NYSE Industry Electric services Sub-IndustryN/A SectorOils/Energy Current SymbolNYSE:CWEN Previous Symbol CUSIPN/A CIKN/A Webwww.clearwayenergy.com Phone609-608-1525Debt Debt-to-Equity Ratio2.34 Current Ratio0.32 Quick Ratio0.30Price-To-Earnings Trailing P/E RatioN/A Forward P/E Ratio14.95 P/E Growth1.16 Sales & Book Value Annual Sales$1.03 billion Price / Sales4.39 Cash Flow$2.43 per share Price / Cash Flow9.35 Book Value$11.38 per share Price / Book2.00Profitability EPS (Most Recent Fiscal Year)($0.10) Net Income$-11,000,000.00 Net Margins-1.86% Return on Equity-0.82% Return on Assets-0.19%Miscellaneous Employees269 Outstanding Shares199,400,000Market Cap$4.53 billion Next Earnings Date8/6/2020 (Confirmed) OptionableOptionable CWEN Rates by TradingView Receive CWEN News and Ratings via Email Sign-up to receive the latest news and ratings for CWEN and its competitors with MarketBeat's FREE daily newsletter. 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 Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, CWEN stock has increased by 6.5% and is now trading at $22.73. View which stocks have been most impacted by Coronavirus. Do Wall Street analysts recommend investors buy shares of Clearway Energy? 5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Clearway Energy in the last year. There are currently 4 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Clearway Energy. When is Clearway Energy's next earnings date? Clearway Energy is scheduled to release its next quarterly earnings announcement on Thursday, August 6th 2020. 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, May, 7th. The company reported ($0.26) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by $0.22. The firm earned $258 million during the quarter, compared to analyst estimates of $256.01 million. Clearway Energy had a negative return on equity of 0.82% and a negative net margin of 1.86%. The firm's revenue was up 18.9% on a year-over-year basis. During the same quarter last year, the company earned ($0.18) earnings per share. View Clearway Energy's earnings history. How often does Clearway Energy pay dividends? What is the dividend yield for Clearway Energy? Clearway Energy declared a quarterly dividend on Monday, May 11th. Shareholders of record on Monday, June 1st will be paid a dividend of $0.21 per share on Monday, June 15th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.70%. The ex-dividend date of this dividend is Friday, May 29th. View Clearway Energy's dividend history. What price target have analysts set for CWEN? 5 Wall Street analysts have issued 1-year price targets for Clearway Energy's shares. Their forecasts range from $16.00 to $26.00. On average, they anticipate Clearway Energy's stock price to reach $21.25 in the next year. This suggests that the stock has a possible downside of 6.5%. View analysts' price targets for Clearway Energy. What are Wall Street analysts saying about Clearway Energy stock? Here are some recent quotes from research analysts about Clearway Energy stock: 1. According to Zacks Investment Research, "Clearway Energy is poised to gain from its long-lived renewable assets. Clearway Energy’s planned capital expenditure expands renewable generation and helps it to maintain its generation portfolio in compliance with environmental regulations. Focus on North American operation is acting as a tailwind for the company. Notably, shares of Clearway Energy have outperformed its industry in the past six months. The company completes acquisition of 527 MW Carlsbad Energy Center further expanding its clean energy generation portfolio. However, Clearway Energy generates a substantial volume of electricity from renewable sources, subject to favorable weather conditions that could not be assured always. Dependence on performance of third-party transmission lines may impact its performance. High debt level of the company is a concern." (1/16/2020) 2. Evercore ISI analysts commented, "We update our FY19 EBITDA and CAFD forecasts to $970m and $160m from $994m and $181m, respectively. Our ’20/’21 EBITDA and CAFD estimates remain unchanged at $1,007m/$1,010m and $200m/$209m, respectively. We continue to exclude $90m of cash dividends from the PG&E assets from our forecast. Our 2019 forecast now reflects latest management guidance including YTD headwinds as well as contributions from the committed growth investments (including Hawaii solar acquisition, the Mylan CHP project, and DG investments), lower financing, cost savings and O&M management. Management increased its pro-forma CAFD outlook to $300m from $295m based on Repowering 1 improvements. Our ‘20/’21 forecast remains unchanged. Our 12-month price target up to $17.50 from $16/share, reflecting an improved risk weighting of our downside and upside case scenarios for how PCG treats CWEN’s contracts in bankruptcy." (8/11/2019) Has Clearway Energy been receiving favorable news coverage? News articles about CWEN stock have trended somewhat positive recently, according to InfoTrie Sentiment. The research group identifies positive and negative media coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Clearway Energy earned a media sentiment score of 1.8 on InfoTrie's scale. They also gave news stories about the company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the stock's share price in the next several days. View the latest news about Clearway Energy. Are investors shorting Clearway Energy? Clearway Energy saw a increase in short interest during the month of June. As of June 30th, there was short interest totaling 4,950,000 shares, an increase of 37.9% from the June 15th total of 3,590,000 shares. Based on an average daily volume of 767,400 shares, the short-interest ratio is currently 6.5 days. Approximately 6.8% of the company's stock are sold short. View Clearway Energy's Current Options Chain. Who are some of Clearway Energy's key competitors? Some companies that are related to Clearway Energy include Fortis (FTS), SSE PLC/S (SSEZY), Tenaga Nasional Bhd (TNABY), Avangrid (AGR), CenterPoint Energy (CNP), RED ELECTRICA C/ADR (RDEIY), Korea Electric Power (KEP), CENTRAIS ELETRI/S (EBR.B), Vistra Energy (VST), CENTRAIS ELETRI/S (EBR), Brookfield Renewable Partners (BEP), Pinnacle West Capital (PNW), Enel Americas (ENIA), NRG Energy (NRG) and Algonquin Power & Utilities (AQN). View all 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 AbbVie (ABBV), Bank of America (BAC), NVIDIA (NVDA), Pfizer (PFE), AT&T (T), Walt Disney (DIS), Enterprise Products Partners (EPD), Intel (INTC), Walmart (WMT) and Paypal (PYPL). Who are Clearway Energy's key executives? Clearway Energy's management team includes the following people: Mr. Christopher S. Sotos, Pres, CEO & Director (Age 48)Mr. Chad S. Plotkin, Sr. VP & CFO (Age 44)Ms. Mary-Lee Stillwell, VP & Chief Accounting Officer (Age 45)Mr. Kevin P. Malcarney, Sr. VP, Gen. Counsel & Corp. Sec. (Age 52)Mr. Kevin L. Cole CFA, Sr. VP of Investor Relations 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 retail and institutional investors. Top institutional shareholders include MERIAN GLOBAL INVESTORS UK Ltd (0.02%) and Alpha Windward LLC (0.01%). 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 major investors are selling Clearway Energy stock? CWEN stock was sold by a variety of institutional investors in the last quarter, including Alpha Windward LLC. View insider buying and selling activity for Clearway Energy. Which major investors are buying Clearway Energy stock? CWEN stock was purchased by a variety of institutional investors in the last quarter, including MERIAN GLOBAL INVESTORS UK Ltd. 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 $22.73. How big of a company is Clearway Energy? Clearway Energy has a market capitalization of $4.53 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 269 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 7/14/2020 by MarketBeat.com Staff 30 Days of MarketBeat All Access for $1.00 Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. Start Your Risk-Free Trial Subscription Here Questions? Get Started with MarketBeat — Read Your Daily NewsletterCheck Out My MarketBeatWatch Our Tutorial VideosAdd a Stock to Your WatchlistSet Up an Instant AlertView a Company's Profile PageView Our Financial CalendarsView Today's Analyst Ratings
