In yesterday’s Wall Street session, Clearway Energy Inc (NYSE:CWEN) shares traded at $26.67, up 1.02% from the previous session.
CWEN stock price is now -3.22% away from the 50-day moving average and 0.53% away from the 200-day moving average. The market capitalization of the company currently stands at $5.34B.
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With the price target of $36, Exane BNP Paribas recently initiated with Outperform rating for Clearway Energy Inc (NYSE: CWEN). On September 20, 2024, Jefferies recently initiated its ‘Buy’ rating on the stock quoting a target price of $35, while ‘Morgan Stanley’ rates the stock as ‘Overweight’
In other news, Ford Brian R., Director sold 2,000 shares of the company’s stock on Dec 11 ’24. The stock was sold for $53,486 at an average price of $26.74. Upon completion of the transaction, the Director now directly owns 8,153 shares in the company, valued at $0.22 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 11 ’24, Officer Ford Brian R. bought 1,000 shares of the business’s stock. A total of $27,795 was incurred on buying the stock at an average price of $27.80. A total of 30.61% of the company’s stock is owned by insiders.
During the past 12 months, Clearway Energy Inc has had a low of $20.63 and a high of $30.92. As of last week, the company has a debt-to-equity ratio of 3.61, a current ratio of 1.59, and a quick ratio of 1.49. The fifty day moving average price for CWEN is $27.5802 and a two-hundred day moving average price translates $26.50665 for the stock.
The latest earnings results from Clearway Energy Inc (NYSE: CWEN) was released for 2024-09-30. The net profit margin was 8.38% and return on equity was 5.75% for CWEN. The company reported revenue of $486.0 million for the quarter, compared to $371.0 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 31.0 percent. For the current quarter, analysts expect CWEN to generate $299.82M in revenue.
