Wall Street Zen Upgrades Clearway Energy (NYSE:CWEN) to “Hold”

Clearway Energy (NYSE:CWEN) was upgraded by stock analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a note issued to investors on Sunday.

Several other research firms have also weighed in on CWEN. Evercore ISI initiated coverage on Clearway Energy in a research note on Monday, October 6th. They issued an “in-line” rating and a $34.00 target price on the stock. Royal Bank Of Canada initiated coverage on shares of Clearway Energy in a report on Wednesday, October 8th. They issued an “outperform” rating and a $36.00 price target for the company. CIBC raised their price objective on Clearway Energy from $35.00 to $37.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 21st. Jefferies Financial Group boosted their target price on Clearway Energy from $37.00 to $39.00 and gave the company a “buy” rating in a research note on Wednesday, July 23rd. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Clearway Energy in a report on Wednesday, October 8th. Five analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Clearway Energy has an average rating of “Moderate Buy” and an average price target of $36.71.

Clearway Energy Stock Up 0.8%

Shares of NYSE CWEN opened at $35.31 on Friday. The firm has a market capitalization of $7.14 billion, a PE ratio of 15.09, a price-to-earnings-growth ratio of 0.83 and a beta of 0.93. The company has a current ratio of 1.54, a quick ratio of 1.44 and a debt-to-equity ratio of 1.41. Clearway Energy has a 1 year low of $24.40 and a 1 year high of $35.75. The firm’s 50-day moving average is $30.52 and its 200-day moving average is $30.69.

Clearway Energy (NYSE:CWEN) last posted its quarterly earnings results on Tuesday, November 4th. The company reported $2.00 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $1.68. Clearway Energy had a net margin of 20.07% and a return on equity of 4.96%. The business had revenue of $429.00 million during the quarter, compared to the consensus estimate of $427.72 million. During the same period in the previous year, the firm posted $0.31 earnings per share. Clearway Energy’s revenue for the quarter was down 11.7% compared to the same quarter last year. Equities analysts expect that Clearway Energy will post 0.83 EPS for the current year.

Institutional Trading of Clearway Energy

Institutional investors have recently made changes to their positions in the business. Mather Group LLC. acquired a new position in shares of Clearway Energy during the 3rd quarter worth approximately $29,000. Hilltop National Bank acquired a new position in shares of Clearway Energy in the second quarter valued at $35,000. Headlands Technologies LLC acquired a new stake in shares of Clearway Energy during the 2nd quarter worth about $43,000. SBI Securities Co. Ltd. boosted its holdings in shares of Clearway Energy by 48.8% during the 1st quarter. SBI Securities Co. Ltd. now owns 2,944 shares of the company’s stock worth $89,000 after buying an additional 966 shares during the period. Finally, Wealthspire Advisors LLC bought a new stake in shares of Clearway Energy during the 1st quarter worth about $206,000. Institutional investors own 84.53% of the company’s stock.

Clearway Energy Company Profile

Clearway Energy, Inc operates in the renewable energy business in the United States. The company operates through Conventional and Renewables segments. It has approximately 6,000 net MW of installed wind, solar, and energy generation projects; and approximately 2,500 net MW of natural gas-fired generation facilities.