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Clearway Energy Inc (CWEN) – Don’t Believe the Hype: Check The Facts

Clearway Energy Inc (NYSE: CWEN) is -13.63% lower on its value in year-to-date trading and has touched a low of $18.59 and a high of $32.24 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The CWEN stock was last observed hovering at around $23.53 in the last trading session, with the day’s gains setting it 0.16%.

Currently trading at $23.69, the stock is 8.46% and 3.83% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.28 million and changing 0.68% at the moment leaves the stock -2.73% off its SMA200. CWEN registered -24.39% loss for a year compared to 6-month gain of 19.95%. The firm has a 50-day simple moving average (SMA 50) of $8.24 and a 200-day simple moving average (SMA200) of $10.49.

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The stock witnessed a 8.17% loss in the last 1 month and extending the period to 3 months gives it a -12.87%, and is 10.03% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.52% over the week and 2.32% over the month.

Clearway Energy Inc (CWEN) has around 61 employees, a market worth around $2.77B and $1.48B in sales. Current P/E ratio is 35.09 and Fwd P/E is 23.13. Profit margin for the company is 5.33%. Distance from 52-week low is 27.43% and -26.52% from its 52-week high. The company has generated returns on investments over the last 12 months (0.77%).

The EPS is expected to grow by 27.58% this year

450 institutions hold shares in Clearway Energy Inc (CWEN), with institutional investors hold 100.22% of the company’s shares. The shares outstanding are 82.39M, and float is at 80.36M with Short Float at 2.76%. Institutions hold 99.14% of the Float.

The top institutional shareholder in the company is Blackrock Inc. with over 9.73 million shares valued at $277.94 million. The investor’s holdings represent 11.81% of the CWEN Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 8.61 million shares valued at $245.99 million to account for 10.45% of the shares outstanding. The other top investors are Bank Of New York Mellon Corporation which holds 2.85 million shares representing 3.46% and valued at over $81.46 million, while Tortoise Capital Advisors, LLC holds 3.23% of the shares totaling 2.66 million with a market value of $76.09 million.

Clearway Energy Inc (CWEN) Insider Activity

The most recent transaction is an insider purchase by TotalEnergies SE, the company’s Director. SEC filings show that TotalEnergies SE bought 196,964 shares of the company’s common stock on Mar 28 ’24 at a price of $22.86 per share for a total of $4.5 million. Following the purchase, the insider now owns 0.3 million shares.

Clearway Energy Inc disclosed in a document filed with the SEC on Mar 28 ’24 that Global Infrastructure Investor (Director) bought a total of 196,964 shares of the company’s common stock. The trade occurred on Mar 28 ’24 and was made at $22.86 per share for $4.5 million. Following the transaction, the insider now directly holds 0.3 million shares of the CWEN stock.

Still, SEC filings show that on Aug 14 ’23, Sotos Christopher S (PRESIDENT AND CEO) acquired 4,000 shares at an average price of $23.68 for $94720.0. The insider now directly holds 31,100 shares of Clearway Energy Inc (CWEN).

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