NYSE:CWENClearway Energy Stock Price, Forecast & News

$22.06

+0.15 (+0.68 %)

(As of 06/1/2020 04:00 PM ET)

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Today's Range

$21.71

Now: $22.06▼

$22.36

50-Day Range

$19.00

MA: $20.45▼

$21.91

52-Week Range

$15.04

Now: $22.06▼

$23.24

Volume891,869 shs

Average Volume802,907 shs

Market Capitalization$4.40 billion

P/E RatioN/A

Dividend Yield3.83%

Beta0.99

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.

Beat the Market (BTM) Rank^™

1.2 Analyst's Opinion

Consensus Rating
Clearway Energy has received a consensus rating of Hold. The company's average rating score is 2.40, and is based on 2 buy ratings, 3 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $20.25, Clearway Energy has a potential downside of 8.2% from its current price of $22.06.
Amount of Analyst Coverage
Clearway Energy has only been the subject of 2 research reports in the past 90 days.

2.2 Community Rank

Outperform Votes
Clearway Energy has received 100 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Clearway Energy has received 123 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Clearway Energy has received 55.16% “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.

2.5 Dividend Strength

Dividend Leadership
Clearway Energy is a leading dividend payer. It pays a dividend yield of 3.83%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Clearway Energy does not have a long track record of dividend growth.
Dividend Sustainability
Based on earnings estimates, Clearway Energy will have a dividend payout ratio of 68.29 % next year. This indicates that Clearway Energy will be able to sustain or increase its dividend.

4.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Clearway Energy insiders have bought more of their company's stock than they have sold. Specifically, they have bought $1,158,000.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
Only 0.35% of the stock of Clearway Energy is held by insiders.
Percentage Held by Institutions
35.33% of the stock of Clearway Energy is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.0 Earnings and Valuation

Earnings Growth
Earnings for Clearway Energy are expected to decrease by -4.65% in the coming year, from $1.29 to $1.23 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Clearway Energy is -122.56, 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. Sector
The P/E ratio of Clearway Energy is -122.56, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Growth Ratio
Clearway Energy has a PEG Ratio of 1.33. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Clearway Energy has a P/B Ratio of 1.94. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

1.98 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

Phone609-608-1525

Debt

Debt-to-Equity Ratio2.34

Current Ratio0.32

Quick Ratio0.30

Price-To-Earnings

Trailing P/E RatioN/A

Forward P/E Ratio17.10

P/E Growth1.33

Sales & Book Value

Annual Sales$1.03 billion

Price / Sales4.26

Cash Flow$2.43 per share

Price / Cash Flow9.08

Book Value$11.38 per share

Price / Book1.94

Profitability

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 Shares199,404,000

Market Cap$4.40 billion

Next Earnings Date8/4/2020 (Estimated)

OptionableOptionable

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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 reached pandemic status according to the World Health Organization. Since then, CWEN stock has increased by 3.4% and is now trading at $22.06. 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 3 hold ratings and 2 buy ratings 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 Tuesday, August 4th 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 results on Thursday, May, 7th. The company reported ($0.26) EPS for the quarter, missing the Zacks' consensus estimate of ($0.04) by $0.22. The company had revenue of $258 million for the quarter, compared to the consensus estimate of $256.01 million. Clearway Energy had a negative net margin of 1.86% and a negative return on equity of 0.82%. The company's quarterly revenue was up 18.9% on a year-over-year basis. During the same quarter last year, the company posted ($0.18) EPS. View Clearway Energy's earnings history.

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

Clearway Energy announced a quarterly dividend on Monday, May 11th. Stockholders 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 yield of 3.81%. The ex-dividend date is Friday, May 29th. 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 $16.00 to $26.00. On average, they expect Clearway Energy's share price to reach $20.25 in the next twelve months. This suggests that the stock has a possible downside of 8.2%. 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 coverage about CWEN stock has trended somewhat positive this week, according to InfoTrie. InfoTrie rates the sentiment of media coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Clearway Energy earned a media sentiment score of 2.0 on InfoTrie's scale. They also assigned news coverage about the company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the company's share price in the immediate future. View the latest news aboutClearway Energy.

Are investors shorting Clearway Energy?

Clearway Energy saw a increase in short interest in May. As of May 15th, there was short interest totaling 3,750,000 shares, an increase of 29.3% from the April 30th total of 2,900,000 shares. Based on an average trading volume of 876,600 shares, the days-to-cover ratio is currently 4.3 days. Approximately 5.1% of the shares of the company 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 EDP-Energias de Portugal, S.A (EDPFY), SSE PLC/S (SSEZY), Tenaga Nasional Bhd (TNABY), Avangrid (AGR), Korea Electric Power (KEP), Vistra Energy (VST), RED ELECTRICA C/ADR (RDEIY), CenterPoint Energy (CNP), NRG Energy (NRG), Pinnacle West Capital (PNW), Brookfield Renewable Partners (BEP), Enel Americas (ENIA), CENTRAIS ELETRI/S (EBR.B), Algonquin Power & Utilities (AQN) and CENTRAIS ELETRI/S (EBR). 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 institutional and retail investors. Top institutional shareholders include Franklin Resources Inc. (1.27%), Kayne Anderson Capital Advisors LP (0.42%), Hillcrest Asset Management LLC (0.34%), Jennison Associates LLC (0.23%), Tortoise Capital Advisors L.L.C. (0.18%) and Alps Advisors Inc. (0.14%). 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 institutional investors are selling Clearway Energy stock?

CWEN stock was sold by a variety of institutional investors in the last quarter, including Robeco Institutional Asset Management B.V., WINTON GROUP Ltd, 361 Capital LLC, NEXT Financial Group Inc, Russell Investments Group Ltd., Baird Financial Group Inc., Griffin Asset Management Inc., and Boenning & Scattergood Inc.. View insider buying and selling activity for Clearway Energy.

Which institutional investors are buying Clearway Energy stock?

CWEN stock was acquired by a variety of institutional investors in the last quarter, including Franklin Resources Inc., Kayne Anderson Capital Advisors LP, Jennison Associates LLC, Tortoise Capital Advisors L.L.C., Eagle Global Advisors LLC, Alps Advisors Inc., Two Sigma Advisers LP, and HighTower Advisors LLC. 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 $22.06.

How big of a company is Clearway Energy?

Clearway Energy has a market capitalization of $4.40 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 6/1/2020 by MarketBeat.com Staff