Clearway Energy, Inc. (NYSE:CWEN) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Clearway Energy, Inc. (NYSE:CWENGet Free Report) have been given an average rating of “Moderate Buy” by the four analysts that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $28.60.

Several research analysts recently commented on CWEN shares. StockNews.com cut Clearway Energy from a “hold” rating to a “sell” rating in a research note on Tuesday, December 12th. Oppenheimer lifted their price target on shares of Clearway Energy from $33.00 to $37.00 and gave the stock an “outperform” rating in a research note on Friday, January 19th. Finally, Roth Mkm decreased their price target on shares of Clearway Energy from $34.00 to $29.00 and set a “buy” rating for the company in a research note on Tuesday, October 17th.

View Our Latest Analysis on Clearway Energy

Institutional Trading of Clearway Energy

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Credit Agricole S A acquired a new stake in shares of Clearway Energy in the second quarter worth $30,000. Avalon Trust Co acquired a new stake in shares of Clearway Energy in the fourth quarter worth $47,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Clearway Energy in the third quarter worth $42,000. Macquarie Group Ltd. boosted its position in shares of Clearway Energy by 31.0% in the second quarter. Macquarie Group Ltd. now owns 3,272 shares of the company’s stock worth $114,000 after buying an additional 775 shares during the period. Finally, Spirit of America Management Corp NY boosted its position in shares of Clearway Energy by 23.3% in the third quarter. Spirit of America Management Corp NY now owns 5,300 shares of the company’s stock worth $112,000 after buying an additional 1,000 shares during the period. Hedge funds and other institutional investors own 33.94% of the company’s stock.

Clearway Energy Stock Performance

NYSE:CWEN opened at $23.44 on Thursday. Clearway Energy has a fifty-two week low of $18.59 and a fifty-two week high of $33.62. The company has a 50 day moving average price of $25.70 and a 200 day moving average price of $24.24. The stock has a market capitalization of $4.74 billion, a P/E ratio of 50.96 and a beta of 0.90. The company has a debt-to-equity ratio of 1.65, a quick ratio of 1.99 and a current ratio of 2.05.

Clearway Energy Company Profile

(Get Free Report

Clearway Energy, Inc operates in the renewable energy business in the United States. The company operates through Conventional, Renewables, and Thermal segments. It has approximately 5,500 net megawatts (MW) of installed wind and solar generation projects; and approximately 2,500 net MW of natural gas generation facilities.

Further Reading

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