Clearway Energy Inc [CWEN] stock is trading at $22.50, up 1.12%. An important factor to consider is whether the stock is rising or falling in short-term value. The CWEN shares have lost -4.30% over the last week, with a monthly amount glided 6.48%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Clearway Energy Inc [NYSE: CWEN] stock has seen the most recent analyst activity on October 06, 2023, when BofA Securities upgraded its rating to a Buy and also revised its price target to $27 from $29. Previously, BofA Securities downgraded its rating to Neutral on September 19, 2022. On June 10, 2022, CIBC initiated with a Neutral rating and assigned a price target of $36 on the stock. Oppenheimer upgraded its rating to a Outperform but stick to its price target of $44 on November 05, 2021. Evercore ISI upgraded its rating to a Outperform and raised its price target to $36 on October 05, 2021. UBS started tracking with a Buy rating for this stock on August 26, 2021, and assigned it a price target of $36. In a note dated April 23, 2021, Tudor Pickering initiated an Buy rating and provided a target price of $33 on this stock.
Clearway Energy Inc [CWEN] stock has fluctuated between $18.59 and $32.17 over the past year. Currently, Wall Street analysts expect the stock to reach $37 within the next 12 months. Clearway Energy Inc [NYSE: CWEN] shares were valued at $22.50 at the most recent close of the market. An investor can expect a potential return of 64.44% based on the average CWEN price forecast.
Analyzing the CWEN fundamentals
Clearway Energy Inc [NYSE:CWEN] reported sales of 1.48B for the trailing twelve months, which represents a drop of -0.98%. Gross Profit Margin for this corporation currently stands at 0.64% with Operating Profit Margin at 0.2%, Pretax Profit Margin comes in at -0.01%, and Net Profit Margin reading is 0.03%. To continue investigating profitability, this company’s Return on Assets is posted at 0.0, Equity is 0.02 and Total Capital is 0.02. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of4.13.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 22.31 points at the first support level, and at 22.13 for the second support level. However, for the 1st resistance point, the stock is sitting at 22.64, and for the 2nd resistance point, it is at 22.79.
Ratios To Look Out For
For context, Clearway Energy Inc’s Current Ratio is 1.72. On the other hand, the Quick Ratio is 1.66, and the Cash Ratio is 0.59. Considering the valuation of this stock, the price to sales ratio is 1.78, the price to book ratio is 1.25 and price to earnings (TTM) ratio is 33.32.
Transactions by insiders
Recent insider trading involved TotalEnergies SE, Director, that happened on Mar 28 ’24 when 0.2 million shares were purchased. Director, Global Infrastructure Investor completed a deal on Mar 28 ’24 to buy 0.2 million shares. Meanwhile, PRESIDENT AND CEO Sotos Christopher S bought 4000.0 shares on Aug 14 ’23.
