Clearway Energy (NYSE:CWEN) Rating Lowered to Sell at Wall Street Zen

by · The Cerbat Gem

Clearway Energy (NYSE:CWEN – Get Free Report) was downgraded by stock analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued on Saturday.

Several other equities analysts have also recently weighed in on CWEN. UBS Group reiterated a “buy” rating and set a $39.00 price objective on shares of Clearway Energy in a research report on Wednesday, December 10th. Royal Bank Of Canada started coverage on Clearway Energy in a research report on Wednesday, October 8th. They issued an “outperform” rating and a $36.00 target price for the company. Weiss Ratings reissued a “hold (c)” rating on shares of Clearway Energy in a research report on Wednesday, October 8th. Cibc Captl Mkts raised Clearway Energy from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 16th. Finally, Roth Capital raised their price objective on Clearway Energy from $39.00 to $40.00 and gave the stock a “buy” rating in a research report on Monday, November 24th. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $37.25.

Read Our Latest Research Report on CWEN

Clearway Energy Price Performance

NYSE CWEN opened at $32.03 on Friday. The company has a current ratio of 1.54, a quick ratio of 1.44 and a debt-to-equity ratio of 1.41. Clearway Energy has a 1 year low of $24.40 and a 1 year high of $36.89. The company has a market cap of $6.53 billion, a PE ratio of 13.69, a PEG ratio of 1.21 and a beta of 0.95. The stock’s 50-day moving average price is $34.12 and its two-hundred day moving average price is $31.88.

Clearway Energy (NYSE:CWEN – Get Free Report) last announced its earnings results on Tuesday, November 4th. The company reported $2.00 EPS for the quarter, topping the consensus estimate of $0.32 by $1.68. Clearway Energy had a net margin of 20.07% and a return on equity of 4.96%. The company had revenue of $429.00 million during the quarter, compared to analysts’ expectations of $427.72 million. During the same period last year, the company posted $0.31 earnings per share. The business’s revenue for the quarter was down 11.7% on a year-over-year basis. On average, analysts predict that Clearway Energy will post 0.83 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Clearway Energy by 280.9% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 956 shares of the company’s stock valued at $27,000 after buying an additional 705 shares during the last quarter. National Bank of Canada FI raised its position in Clearway Energy by 201.9% during the third quarter. National Bank of Canada FI now owns 975 shares of the company’s stock valued at $28,000 after acquiring an additional 652 shares in the last quarter. Mather Group LLC. bought a new position in Clearway Energy during the third quarter valued at approximately $29,000. Hilltop National Bank acquired a new stake in Clearway Energy in the second quarter valued at approximately $35,000. Finally, Headlands Technologies LLC bought a new stake in Clearway Energy in the second quarter worth approximately $43,000. 84.53% of the stock is owned by institutional investors and hedge funds.

Clearway Energy Company Profile

(Get Free Report)

Clearway Energy Group (NYSE: CWEN) is a U.S.-based energy company specializing in the ownership, operation and development of clean and conventional power generation assets. The company’s portfolio spans utility-scale wind and solar farms, biogas and natural gas-fired thermal facilities, as well as distributed generation projects such as rooftop solar and energy storage. Clearway’s generation assets are largely underpinned by long-term power purchase agreements and service contracts with creditworthy counterparties, enabling stable, predictable cash flows.

Originally launched in 2013 as NRG Yield and rebranded to Clearway Energy in 2018 following a strategic sponsorship change, the business has grown into one of the largest independent renewable energy platforms in the United States.

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