While Clearway Energy Inc has overperformed by 0.73%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, CWEN rose by 20.24%, with highs and lows ranging from $30.92 to $20.63, whereas the simple moving average jumped by 6.50% in the last 200 days.
On October 01, 2024, Exane BNP Paribas started tracking Clearway Energy Inc (NYSE: CWEN) recommending Outperform. A report published by Jefferies on September 20, 2024, Initiated its previous ‘Buy’ rating for CWEN. Morgan Stanley also Upgraded CWEN shares as ‘Overweight’, setting a target price of $36 on the company’s shares in a report dated July 31, 2024. BofA Securities October 06, 2023d the rating to Buy on October 06, 2023, and set its price target from $29 to $27. BofA Securities September 19, 2022d its ‘Buy’ rating to ‘Neutral’ for CWEN, as published in its report on September 19, 2022. CIBC’s report from June 10, 2022 suggests a price prediction of $36 for CWEN shares, giving the stock a ‘Neutral’ rating. Oppenheimer also rated the stock as ‘Outperform’.
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Analysis of Clearway Energy Inc (CWEN)
Investors in Clearway Energy Inc will get a return regardless of how the company performs over the next quarter since the company’s dividend stands at $1.63 per share. Further, the quarter-over-quarter decrease in sales is -5.05%, showing a negative trend in the upcoming months.
One of the most important indicators of Clearway Energy Inc’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of 5.75% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.49, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can also provide valuable insight into volatility, and CWEN is recording 854.50K average volume. On a monthly basis, the volatility of the stock is set at 3.29%, whereas on a weekly basis, it is put at 2.88%, with a loss of -0.83% over the past seven days. Furthermore, long-term investors anticipate a median target price of $34.18, showing growth from the present price of $27.56, which can serve as yet another indication of whether CWEN is worth investing in or should be passed over.
How Do You Analyze Clearway Energy Inc Shares?
The Utilities – Renewable market is dominated by Clearway Energy Inc (CWEN) based in the USA. When comparing Clearway Energy Inc shares with other companies under Utilities, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 26.50, there is a growth in quarterly earnings of 792.11%.
Along with the fundamentals, it is also important to consider how many employees own shares of the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 31.40%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 62.37% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
CWEN shares are owned by institutional investors to the tune of 62.37% at present.
