Clearway Energy (CWEN) Stock Price, News & Analysis

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Clearway Energy in the last year. There are currently 3 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" CWEN shares.
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6 equities research analysts have issued 1 year target prices for Clearway Energy's stock. Their CWEN share price targets range from $25.00 to $37.00. On average, they expect the company's stock price to reach $28.33 in the next twelve months. This suggests a possible upside of 30.2% from the stock's current price.
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Clearway Energy's stock was trading at $27.43 at the beginning of the year. Since then, CWEN stock has decreased by 20.7% and is now trading at $21.76.
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Clearway Energy saw a drop in short interest during the month of March. As of March 15th, there was short interest totaling 2,220,000 shares, a drop of 20.7% from the February 29th total of 2,800,000 shares. Based on an average trading volume of 869,400 shares, the short-interest ratio is presently 2.6 days. Currently, 2.8% of the shares of the company are short sold.
View Clearway Energy's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 9th 2024.
View our CWEN earnings forecast.

Clearway Energy will be holding an earnings conference call on Thursday, May 9th 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 earnings results on Thursday, February, 22nd. The company reported $0.31 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.16 by $0.15. The company earned $249 million during the quarter, compared to the consensus estimate of $282.45 million. Clearway Energy had a net margin of 6.01% and a trailing twelve-month return on equity of 1.80%. The business's revenue was down 18.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.10 earnings per share.

Clearway Energy announced a quarterly dividend on Wednesday, February 14th. Stockholders of record on Friday, March 1st will be given a dividend of $0.403 per share on Friday, March 15th. This represents a $1.61 dividend on an annualized basis and a dividend yield of 7.41%. The ex-dividend date of this dividend is Thursday, February 29th. This is a positive change from the stock's previous quarterly dividend of $0.40.
Read our dividend analysis for CWEN.

Clearway Energy (NYSE:CWEN) pays an annual dividend of $1.61 per share and currently has a dividend yield of 7.07%. 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 5 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio is 236.76%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, CWEN will have a dividend payout ratio of 171.28% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for CWEN.

ETFs with the largest weight of Clearway Energy (NYSE:CWEN) stock in their portfolio include BNY Mellon Global Infrastructure Income ETF (BKGI), First Trust Utilities AlphaDEX Fund (FXU), Invesco S&P SmallCap Utilities & Communication Services ETF (PSCU), Aztlan Global Stock Selection DM SMID ETF (AZTD), TrueShares Eagle Global Renewable Energy Income ETF (RNWZ), ALPS Clean Energy ETF (ACES), Invesco Solar ETF (TAN) and Invesco S&P SmallCap High Dividend Low Volatility ETF (XSHD).

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's stock is owned by many different retail and institutional investors. Top institutional shareholders include Congress Asset Management Co. MA (0.09%), Courier Capital LLC (0.02%), Fulton Bank N.A. (0.01%) and Mather Group LLC. (0.00%). Insiders that own company stock include Christopher S Sotos, E Stanley Oneal, Infrastructure Investor Global and Se Totalenergies.
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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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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