Clearway Energy Inc [CWEN] stock prices are up 1.70% to $30.47 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The CWEN shares have gain 3.99% over the last week, with a monthly amount glided 4.24%, 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 September 20, 2024, when Jefferies initiated its Buy rating and assigned the stock a price target of $35. Previously, Morgan Stanley upgraded its rating to Overweight on July 31, 2024, and elevated its price target to $36. On October 06, 2023, upgrade upgraded it’s rating to Buy and revised its price target to $27 on the stock. BofA Securities downgraded its rating to a Neutral. CIBC initiated its recommendation with a Neutral and recommended $36 as its price target on June 10, 2022. Oppenheimer upgraded its rating to Outperform for this stock on November 05, 2021, but kept the price target unchanged to $44. In a note dated October 05, 2021, Evercore ISI upgraded an Outperform rating on this stock and boosted its target price from $25 to $36.
The stock price of Clearway Energy Inc [CWEN] has been fluctuating between $18.59 and $30.35 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 $30.47 at the most recent close of the market. An investor can expect a potential return of 14.87% 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 30.08 points at the first support level, and at 29.69 for the second support level. However, for the 1st resistance point, the stock is sitting at 30.72, and for the 2nd resistance point, it is at 30.97.
Ratios To Look Out For
It’s worth pointing out that Clearway Energy Inc [NYSE:CWEN]’s Current Ratio is 1.46. As well, the Quick Ratio is 1.37, while the Cash Ratio is 0.81. Considering the valuation of this stock, the price to sales ratio is 2.42, the price to book ratio is 1.66 and price to earnings (TTM) ratio is 39.61.
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.
