Clearway Energy (NYSE:CWEN) Stock Rating Upgraded by StockNews.com

Clearway Energy (NYSE:CWEN) was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating in a note issued to investors on Wednesday.

Separately, Roth Mkm restated a “buy” rating and issued a $34.00 price target (up previously from $33.00) on shares of Clearway Energy in a research report on Tuesday, February 25th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $34.17.

Clearway Energy Stock Performance

CWEN opened at $27.28 on Wednesday. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.59 and a quick ratio of 1.49. The company has a market capitalization of $5.51 billion, a price-to-earnings ratio of 26.23, a P/E/G ratio of 1.75 and a beta of 0.91. The business’s 50-day moving average price is $26.21 and its two-hundred day moving average price is $27.49. Clearway Energy has a 1 year low of $20.63 and a 1 year high of $30.92.

Clearway Energy (NYSE:CWEN) last announced its quarterly earnings results on Monday, February 24th. The company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.10). Clearway Energy had a net margin of 8.94% and a return on equity of 2.28%. The firm had revenue of $256.00 million during the quarter, compared to analyst estimates of $299.73 million. Equities analysts expect that Clearway Energy will post 0.83 EPS for the current fiscal year.

Insider Transactions at Clearway Energy

In other news, Director Brian R. Ford sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $26.74, for a total value of $53,480.00. Following the transaction, the director now owns 8,153 shares in the company, valued at $218,011.22. The trade was a 19.70 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.52% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of CWEN. Mascoma Wealth Management LLC bought a new position in Clearway Energy during the fourth quarter valued at about $28,000. New Age Alpha Advisors LLC bought a new stake in shares of Clearway Energy in the fourth quarter valued at approximately $31,000. Ashton Thomas Securities LLC purchased a new position in Clearway Energy in the 3rd quarter valued at approximately $50,000. SBI Securities Co. Ltd. bought a new stake in Clearway Energy during the 4th quarter valued at $51,000. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of Clearway Energy during the third quarter valued at about $71,000. Institutional investors own 84.53% 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.