Clearway Energy Inc (NYSE: CWEN) is 4.69% higher on its value in year-to-date trading and has touched a low of $20.63 and a high of $30.92 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The CWEN stock was last observed hovering at around $26.78 in the last trading session, with the day’s gains setting it 0.44%.
Currently trading at $27.22, the stock is 1.72% and 3.81% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.52 million and changing 1.64% at the moment leaves the stock 0.05% off its SMA200. CWEN registered 23.67% gain for a year compared to 6-month loss of -6.01%.
The stock witnessed a 5.38% gain in the last 1 month and extending the period to 3 months gives it a -7.70%, and is -1.91% down 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 2.76% over the week and 2.67% over the month.
Clearway Energy Inc (CWEN) has around 60 employees, a market worth around $5.45B and $1.50B in sales. Current P/E ratio is 36.32 and Fwd P/E is 31.90. Profit margin for the company is 5.87%. Distance from 52-week low is 31.94% and -11.97% from its 52-week high. The company has generated returns on investments over the last 12 months (0.94%).
The EPS is expected to grow by 1.80% this year
The shares outstanding are 82.83M, and float is at 81.48M with Short Float at 2.75%.
The top institutional shareholder in the company is BLACKROCK INC. with over 14.38 million shares valued at $355.04 million. The investor’s holdings represent 12.2905 of the CWEN Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 9.53 million shares valued at $235.22 million to account for 8.1426 of the shares outstanding. The other top investors are NEUBERGER BERMAN GROUP LLC which holds 3.58 million shares representing 3.0641 and valued at over $88.51 million, while STATE STREET CORP holds 2.3758 of the shares totaling 2.78 million with a market value of $68.63 million.
Clearway Energy Inc (CWEN) Insider Activity
A total of 0 insider transactions have happened at Clearway Energy Inc (CWEN) in the last six months, with sales accounting for 0 and purchases happening 0 times. The most recent transaction is an insider sale by Ford Brian R., the company’s Director. SEC filings show that Ford Brian R. sold 2,000 shares of the company’s common stock on Dec 11 ’24 at a price of $26.74 per share for a total of $53486.0. Following the sale, the insider now owns 8153.0 shares.
Still, SEC filings show that on Aug 09 ’24, ONEAL E STANLEY (Director) acquired 3,000 shares at an average price of $28.35 for $85045.0. The insider now directly holds 67,842 shares of Clearway Energy Inc (CWEN).
Clearway Energy Inc (CWEN): Who are the competitors?
One of the company’s main competitors (and peers) include NextEra Energy Inc. (NEE) that is trading 26.92% up over the past 12 months.Duke Energy Corp. (DUK) lies in the list of competitors of the Clearway Energy Inc and is 22.49% higher over the same period from CWENSouthern Co. (SO) is 29.27% up on the 1-year trading charts.
