In the journey to outperform the market, investors delve into the art of stock selection. Choosing the right stocks can be a powerful driver for wealth accumulation.
As of close of business last night, Clearway Energy Inc’s stock clocked out at $23.08, down -1.20% from its previous closing price of $23.36. In other words, the price has decreased by -$1.20 from its previous closing price. On the day, 0.79 million shares were traded. CWEN stock price reached its highest trading level at $23.3 during the session, while it also had its lowest trading level at $22.688.
Ratios:
To gain a deeper understanding of CWEN’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 2.57 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 5.51. For the most recent quarter (mrq), Quick Ratio is recorded 1.66 and its Current Ratio is at 1.72. In the meantime, Its Debt-to-Equity ratio is 4.13 whereas as Long-Term Debt/Eq ratio is at 3.86.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, BofA Securities on October 06, 2023, Upgraded its rating to Buy and sets its target price to $27 from $29 previously.
On June 10, 2022, CIBC started tracking the stock assigning a Neutral rating and target price of $36.CIBC initiated its Neutral rating on June 10, 2022, with a $36 target price.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Mar 28 ’24 when TotalEnergies SE bought 196,964 shares for $22.86 per share. The transaction valued at 4,502,833 led to the insider holds 295,235 shares of the business.
Global Infrastructure Investor bought 196,964 shares of CWEN for $4,502,833 on Mar 28 ’24. The Director now owns 295,235 shares after completing the transaction at $22.86 per share. On Aug 14 ’23, another insider, Sotos Christopher S, who serves as the PRESIDENT AND CEO of the company, bought 4,000 shares for $23.68 each. As a result, the insider paid 94,720 and bolstered with 31,100 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CWEN now has a Market Capitalization of 4596843520 and an Enterprise Value of 13690482688. As of this moment, Clearway’s Price-to-Earnings (P/E) ratio for their current fiscal year is 34.18, and their Forward P/E ratio for the next fiscal year is 22.54. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.82 while its Price-to-Book (P/B) ratio in mrq is 1.29. Its current Enterprise Value per Revenue stands at 10.419 whereas that against EBITDA is 13.829.
Stock Price History:
Over the past 52 weeks, CWEN has reached a high of $31.72, while it has fallen to a 52-week low of $18.59. The 50-Day Moving Average of the stock is 2.55%, while the 200-Day Moving Average is calculated to be -3.47%.
Shares Statistics:
It appears that CWEN traded 908.74K shares on average per day over the past three months and 884260 shares per day over the past ten days. A total of 82.39M shares are outstanding, with a floating share count of 80.41M. Insiders hold about 31.27% of the company’s shares, while institutions hold 66.98% stake in the company. Shares short for CWEN as of 1713139200 were 2554406 with a Short Ratio of 2.81, compared to 1710460800 on 2219412. Therefore, it implies a Short% of Shares Outstanding of 2554406 and a Short% of Float of 4.4299997.
Dividends & Splits
With its trailing 12-month dividend rate of 1.542, CWEN has a forward annual dividend rate of 1.57. Against a Trailing Annual Dividend Yield of 0.066010274The stock’s 5-year Average Dividend Yield is 4.64.
