NYSE:CWEN

Clearway Energy Stock Forecast, Price & News

$28.68
-0.28 (-0.97 %)
(As of 07/30/2021 12:00 AM ET)
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Today's Range
$28.56
$29.13
50-Day Range
$25.72
$28.96
52-Week Range
$22.69
$37.23
Volume466,870 shs
Average Volume775,438 shs
Market Capitalization$5.79 billion
P/E Ratio57.36
Dividend Yield4.59%
Beta0.55
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About Clearway Energy

Clearway Energy, Inc., through its subsidiaries, engages in the renewable energy businesses in the United States. As of March 2, 2021, it had approximately 4,200 net megawatts (MW) of installed wind and solar generation projects; and 2,500 net MW of natural gas generation facilities, as well as a portfolio of district energy systems. Its thermal infrastructure assets provide steam, hot water and/or chilled water, and electricity to commercial businesses, universities, hospitals, and governmental units. As of December 31, 2020, the company had 1,394 MW thermal equivalent capacity of steam and chilled water. Clearway Energy, Inc. was incorporated in 2012 and is based in Princeton, New Jersey. Clearway Energy, Inc. operates as a subsidiary of Clearway Energy Group LLC.

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MarketRank

Overall MarketRank

2.33 out of 5 stars

Oils/Energy Sector

41st out of 237 stocks

Electric Services Industry

10th out of 35 stocks

Analyst Opinion: 2.3Community Rank: 4.1Dividend Strength: 1.7Insider Behavior: 1.7Valuation: 1.9 5 -4 -3 -2 -1 -
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Clearway Energy (NYSE:CWEN) Frequently Asked Questions

Is Clearway Energy a buy right now?

5 Wall Street 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 research analysts is that investors should "buy" Clearway Energy stock.
View analyst ratings for Clearway Energy
or view top-rated stocks.

What stocks does MarketBeat like better than Clearway Energy?

Wall Street analysts have given Clearway Energy a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Clearway Energy wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting Clearway Energy?

Clearway Energy saw a decrease in short interest in the month of June. As of June 30th, there was short interest totaling 1,920,000 shares, a decrease of 36.4% from the June 15th total of 3,020,000 shares. Based on an average trading volume of 783,900 shares, the days-to-cover ratio is currently 2.4 days. Approximately 2.4% of the shares of the company are short sold.
View Clearway Energy's Short Interest
.

When is Clearway Energy's next earnings date?

Clearway Energy is scheduled to release its next quarterly earnings announcement on Tuesday, August 3rd 2021.
View our earnings forecast for Clearway Energy
.

How can I listen to Clearway Energy's earnings call?

Clearway Energy will be holding an earnings conference call on Tuesday, August 3rd at 8:00 AM Eastern. Interested parties can register for or listen to the call using this link.

How were Clearway Energy's earnings last quarter?

Clearway Energy, Inc. (NYSE:CWEN) announced its quarterly earnings results on Thursday, May, 6th. The company reported $0.31 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of ($0.37) by $0.68. The company earned $237 million during the quarter, compared to the consensus estimate of $244 million. Clearway Energy had a net margin of 4.84% and a trailing twelve-month return on equity of 5.19%.
View Clearway Energy's earnings history
.

How has Clearway Energy's stock price been impacted by Coronavirus (COVID-19)?

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 shares have increased by 34.4% and is now trading at $28.68.
View which stocks have been most impacted by COVID-19
.

How often does Clearway Energy pay dividends? What is the dividend yield for Clearway Energy?

Clearway Energy announced a quarterly dividend on Thursday, May 6th. Shareholders of record on Tuesday, June 1st will be paid a dividend of $0.329 per share on Tuesday, June 15th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.59%. The ex-dividend date of this dividend is Friday, May 28th. This is a boost from Clearway Energy's previous quarterly dividend of $0.32.
View Clearway Energy's dividend history
.

Is Clearway Energy a good dividend stock?

Clearway Energy pays an annual dividend of $1.32 per share and currently has a dividend yield of 4.59%. CWEN has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. Clearway Energy does not yet have a strong track record of dividend growth. The dividend payout ratio of Clearway Energy is 220.00%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, Clearway Energy will have a dividend payout ratio of 125.71% in the coming year. This indicates that Clearway Energy may not be able to sustain their current dividend.
View Clearway Energy's dividend history.

What price target have analysts set for CWEN?

5 Wall Street analysts have issued twelve-month price targets for Clearway Energy's stock. Their forecasts range from $31.00 to $33.00. On average, they expect Clearway Energy's share price to reach $32.25 in the next year. This suggests a possible upside of 12.4% from the stock's current price.
View analysts' price targets for Clearway Energy
or view top-rated stocks among Wall Street analysts.

Who are Clearway Energy's key executives?

Clearway Energy's management team includes the following people:
  • Mr. Christopher S. Sotos, Pres, CEO & Director (Age 50, Pay $1.35M)
  • Mr. Chad S. Plotkin, Sr. VP & CFO (Age 46, Pay $690.34k)
  • Mr. Kevin P. Malcarney, Sr. VP, Gen. Counsel & Corp. Sec. (Age 54, Pay $480.32k)
  • Sarah Rubenstein, VP of Accounting & Controller

Who are some of Clearway Energy's key 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 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).

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 many different retail and institutional investors. Top institutional shareholders include Eagle Global Advisors LLC (0.11%), OTA Financial Group L.P. (0.01%) and Arden Trust Co (0.01%). Company insiders that own Clearway Energy stock include Christopher S Sotos and Infrastructure Investor Global.
View institutional ownership trends for Clearway Energy
.

Which institutional investors are buying Clearway Energy stock?

CWEN stock was purchased by a variety of institutional investors in the last quarter, including Eagle Global Advisors LLC, OTA Financial Group L.P., and Arden Trust Co. Company insiders that have bought Clearway Energy stock in the last two years include Christopher S Sotos, and Infrastructure Investor Global.
View insider buying and selling activity for Clearway Energy
or or view top insider-buying stocks.

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Clearway Energy's stock price today?

One share of CWEN stock can currently be purchased for approximately $28.68.

How much money does Clearway Energy make?

Clearway Energy has a market capitalization of $5.79 billion and generates $1.20 billion in revenue each year. The company earns $25 million in net income (profit) each year or $0.60 on an earnings per share basis.

How many employees does Clearway Energy have?

Clearway Energy employs 301 workers across the globe.

What is Clearway Energy's official website?

The official website for Clearway Energy is www.clearwayenergy.com.

Where are Clearway Energy's headquarters?

Clearway Energy is headquartered at 300 CARNEGIE CENTER SUITE 300, PRINCETON NJ, 08540.

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 8/1/2021 by MarketBeat.com Staff
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