Clearway Energy Inc [CWEN] stock prices are down -2.71% to $27.61 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The CWEN shares have gain 6.23% over the last week, with a monthly amount drifted -5.45%, and not 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.
The stock price of Clearway Energy Inc [CWEN] has been fluctuating between $20.63 and $30.92 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 $27.61 at the most recent close of the market. An investor can expect a potential return of 26.77% based on the average CWEN price forecast.
Analyzing the CWEN fundamentals
The Clearway Energy Inc [NYSE:CWEN] reported sales of 1.46B for trailing twelve months, representing a drop of -5.05%. Gross Profit Margin for this corporation currently stands at 0.5% with Operating Profit Margin at 0.16%, Pretax Profit Margin comes in at -0.09%, and Net Profit Margin reading is 0.09%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.04 and Total Capital is 0.02. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.37.
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 27.22 points at the first support level, and at 26.82 for the second support level. However, for the 1st resistance point, the stock is sitting at 28.34, and for the 2nd resistance point, it is at 29.06.
Ratios To Look Out For
It’s worth pointing out that Clearway Energy Inc [NYSE:CWEN]’s Current Ratio is 1.59. On the other hand, the Quick Ratio is 1.49, and the Cash Ratio is 0.44. Considering the valuation of this stock, the price to sales ratio is 3.69, the price to book ratio is 1.52 and price to earnings (TTM) ratio is 26.55.
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.
