Clearway Energy - CWEN Stock Forecast, Price & News

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Clearway Energy in the last twelve months. There are currently 2 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" CWEN shares.
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5 brokers have issued 1 year price objectives 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 10.0% 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 shares have increased by 5.5% and is now trading at $33.63.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, February 23rd 2023.
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Clearway Energy will be holding an earnings conference call on Thursday, February 23rd at 8:00 AM Eastern. Interested parties can register for or listen to the call using this link.

Clearway Energy, Inc. (NYSE:CWEN) released its quarterly earnings results on Thursday, November, 4th. The company reported $0.18 earnings per share for the quarter, missing analysts' consensus estimates of $0.70 by $0.52. The company had revenue of $351 million for the quarter, compared to the consensus estimate of $439.19 million. Clearway Energy had a net margin of 45.32% and a negative trailing twelve-month return on equity of 12.43%. The firm's revenue was up 9.0% compared to the same quarter last year. During the same period last year, the firm posted $0.31 EPS.

Clearway Energy declared 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 dividend on an annualized basis and a dividend yield of 4.37%. The ex-dividend date of this dividend is Wednesday, November 30th. This is an increase 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 $1.47 per share and currently has a dividend yield of 4.26%. 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 30.50%. This payout ratio is at a healthy, sustainable level, below 75%. Based on EPS estimates, CWEN will have a dividend payout ratio of 98.66% 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 institutional and retail investors. Top institutional investors include Congress Asset Management Co. MA (0.09%), Knights of Columbus Asset Advisors LLC (0.07%), HNP Capital LLC (0.03%), Boenning & Scattergood Inc. (0.03%), AE Wealth Management LLC (0.02%) and Genesee Capital Advisors LLC (0.02%). 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 $33.63.

Clearway Energy (NYSE:CWEN) has a market capitalization of $6.79 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.