A share price of Clearway Energy Inc [CWEN] is currently trading at $30.74, up 0.20%. An important factor to consider is whether the stock is rising or falling in short-term value. The CWEN shares have gain 2.60% over the last week, with a monthly amount glided 6.15%, 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 01, 2024, when Exane BNP Paribas initiated its Outperform rating and assigned the stock a price target of $36. Previously, Jefferies started tracking the stock with Buy rating on September 20, 2024, and set its price target to $35. On July 31, 2024, upgrade upgraded it’s rating to Overweight and revised its price target to $36 on the stock. BofA Securities upgraded its rating to a Buy and decreased its price target to $27 on October 06, 2023. BofA Securities downgraded its rating to a Neutral. CIBC started tracking with a Neutral rating for this stock on June 10, 2022, and assigned it a price target of $36. In a note dated November 05, 2021, Oppenheimer upgraded an Outperform rating on this stock but restated the target price of $44.
Clearway Energy Inc experienced fluctuations in its stock price throughout the past year between $18.59 and $30.69. Currently, Wall Street analysts expect the stock to reach $35 within the next 12 months. Clearway Energy Inc [NYSE: CWEN] shares were valued at $30.74 at the most recent close of the market. An investor can expect a potential return of 13.86% based on the average CWEN price forecast.
Analyzing the CWEN fundamentals
Trailing Twelve Months sales for Clearway Energy Inc [NYSE:CWEN] were 1.48B which represents -4.45% decline. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 3.35.
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 30.57 points at the first support level, and at 30.41 for the second support level. However, for the 1st resistance point, the stock is sitting at 30.91, and for the 2nd resistance point, it is at 31.09.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Clearway Energy Inc [NYSE:CWEN] is 1.46. On the other hand, the Quick Ratio is 1.37, and the Cash Ratio is 0.81. Considering the valuation of this stock, the price to sales ratio is 2.44, the price to book ratio is 1.68 and price to earnings (TTM) ratio is 39.96.
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.
