Clearway Energy Inc [CWEN] stock prices are up 0.10% to $29.36 at the moment. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The CWEN shares have gain 6.45% over the last week, with a monthly amount glided 1.28%, 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 July 31, 2024, when Morgan Stanley upgraded its rating to a Overweight and also boosted its price target to $36 from $25. Previously, BofA Securities upgraded its rating to Buy on October 06, 2023, and dropped its price target to $27. On September 19, 2022, downgrade downgraded it’s rating to Neutral. CIBC started tracking the stock assigning a Neutral rating and suggested a price target of $36 on June 10, 2022. Oppenheimer upgraded its rating to a Outperform but $44 remained the price target by the analyst firm on November 05, 2021. Evercore ISI upgraded its rating to Outperform for this stock on October 05, 2021, and upped its price target to $36. In a note dated August 26, 2021, UBS initiated an Buy rating and provided a target price of $36 on this stock.
The stock price of Clearway Energy Inc [CWEN] has been fluctuating between $18.59 and $29.48 over the past year. Currently, Wall Street analysts expect the stock to reach $35 within the next 12 months. Clearway Energy Inc [NYSE: CWEN] shares were valued at $29.36 at the most recent close of the market. An investor can expect a potential return of 19.21% based on the average CWEN price forecast.
Analyzing the CWEN fundamentals
The Clearway Energy Inc [NYSE:CWEN] reported sales of 1.48B for trailing twelve months, representing a drop of -4.45%. Gross Profit Margin for this corporation currently stands at 0.36% with Operating Profit Margin at 0.11%, Pretax Profit Margin comes in at -0.09%, and Net Profit Margin reading is 0.07%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.04 and Total Capital is 0.01. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of3.35.
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 29.14 points at the first support level, and at 28.91 for the second support level. However, for the 1st resistance point, the stock is sitting at 29.73, and for the 2nd resistance point, it is at 30.09.
Ratios To Look Out For
It’s worth pointing out that Clearway Energy Inc [NYSE:CWEN]’s Current Ratio is 1.46. In addition, the Quick Ratio stands at 1.37 and the Cash Ratio stands at 0.81. Considering the valuation of this stock, the price to sales ratio is 2.33, the price to book ratio is 1.60 and price to earnings (TTM) ratio is 38.17.
Transactions by insiders
Recent insider trading involved ONEAL E STANLEY, Director, that happened on Aug 09 ’24 when 3000.0 shares were purchased. Director, TotalEnergies SE completed a deal on Mar 28 ’24 to buy 0.2 million shares. Meanwhile, Director Global Infrastructure Investor bought 0.2 million shares on Mar 28 ’24.
