Clearway Energy Inc (NYSE: CWEN) is 34.32% higher on its value in year-to-date trading and has touched a low of $24.18 and a high of $32.64 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 $31.97 in the last trading session, with the day’s gains setting it 0.67%.
Currently trading at $32.64, the stock is 3.38% and 7.45% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.15 million and changing 2.10% at the moment leaves the stock 14.98% off its SMA200. CWEN registered 25.54% gain for a year compared to 6-month gain of 24.82%. The firm has a 50-day simple moving average (SMA 50) of $30.3776 and a 200-day simple moving average (SMA200) of $28.3883.
The stock witnessed a 5.84% loss in the last 1 month and extending the period to 3 months gives it a 6.67%, and is 1.65% 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 2.65% over the week and 2.27% over the month.
Clearway Energy Inc (CWEN) has around 60 employees, a market worth around $6.53B and $1.48B in sales. Current P/E ratio is 40.78 and Fwd P/E is 28.68. Profit margin for the company is 6.37%. Distance from 52-week low is 34.99% and 0.00% from its 52-week high. The company has generated returns on investments over the last 12 months (0.96%).
with sales reaching $429.19M over the same period.The EPS is expected to grow by 6.52% this year, but quarterly earnings will post 6.90% year-over-year. Quarterly sales are estimated to grow 17.26% in year-over-year returns.
Clearway Energy Inc (CWEN) Top Institutional Holders
480.0 institutions hold shares in Clearway Energy Inc (CWEN), with institutional investors hold 92.54% of the company’s shares. The shares outstanding are 83.22M, and float is at 81.86M with Short Float at 3.61%. Institutions hold 91.19% of the Float.
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
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).
