Clearway Energy (NYSE:CWEN) Raised to “Hold” at StockNews.com

Clearway Energy (NYSE:CWEN) was upgraded by stock analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued on Friday.

CWEN has been the topic of a number of other reports. CIBC lifted their target price on shares of Clearway Energy from $33.00 to $34.00 and gave the company an “outperformer” rating in a report on Tuesday, October 22nd. BNP Paribas assumed coverage on shares of Clearway Energy in a research note on Tuesday, October 1st. They issued an “outperform” rating and a $36.00 price objective on the stock. Roth Mkm reaffirmed a “buy” rating and issued a $32.00 target price (up from $30.00) on shares of Clearway Energy in a report on Friday, August 2nd. Morgan Stanley raised Clearway Energy from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $25.00 to $36.00 in a report on Wednesday, July 31st. Finally, Jefferies Financial Group initiated coverage on Clearway Energy in a research note on Friday, September 20th. They set a “buy” rating and a $35.00 price objective for the company. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, Clearway Energy currently has a consensus rating of “Moderate Buy” and an average price target of $33.13.

Clearway Energy Stock Performance

Shares of NYSE:CWEN opened at $28.35 on Friday. Clearway Energy has a 52 week low of $20.63 and a 52 week high of $30.92. The company’s 50 day moving average is $28.21 and its two-hundred day moving average is $27.38. The company has a market cap of $5.73 billion, a PE ratio of 27.26, a P/E/G ratio of 2.51 and a beta of 0.87. The company has a current ratio of 1.59, a quick ratio of 1.49 and a debt-to-equity ratio of 1.20.

Clearway Energy (NYSE:CWEN) last issued its earnings results on Wednesday, October 30th. The company reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.17). Clearway Energy had a return on equity of 2.28% and a net margin of 8.94%. The business had revenue of $486.00 million for the quarter, compared to analyst estimates of $417.55 million. During the same period last year, the business posted $0.03 EPS. Clearway Energy’s revenue was up 31.0% on a year-over-year basis. Equities analysts predict that Clearway Energy will post 0.81 earnings per share for the current fiscal year.

Institutional Trading of Clearway Energy

Several large investors have recently bought and sold shares of CWEN. Abich Financial Wealth Management LLC boosted its position in shares of Clearway Energy by 49.8% in the 1st quarter. Abich Financial Wealth Management LLC now owns 1,879 shares of the company’s stock worth $43,000 after buying an additional 625 shares in the last quarter. Whittier Trust Co. grew its holdings in shares of Clearway Energy by 33.8% during the second quarter. Whittier Trust Co. now owns 2,027 shares of the company’s stock worth $50,000 after buying an additional 512 shares in the last quarter. Ashton Thomas Securities LLC acquired a new position in shares of Clearway Energy in the third quarter valued at approximately $50,000. Quarry LP lifted its stake in shares of Clearway Energy by 53.4% during the second quarter. Quarry LP now owns 2,422 shares of the company’s stock valued at $60,000 after buying an additional 843 shares during the period. Finally, Icon Wealth Advisors LLC purchased a new position in shares of Clearway Energy during the third quarter valued at approximately $106,000. Institutional investors and hedge funds own 38.03% of the company’s stock.

Clearway Energy Company Profile

Clearway Energy, Inc operates in the renewable energy business in the United States. The company operates through Conventional and Renewables segments. It has approximately 6,000 net MW of installed wind, solar, and energy generation projects; and approximately 2,500 net MW of natural gas-fired generation facilities.