Clearway Energy (NYSE:CWEN) Stock Rating Lowered by StockNews.com

Clearway Energy (NYSE:CWEN) was downgraded by StockNews.com from a “hold” rating to a “sell” rating in a report released on Thursday.

Other equities analysts also recently issued research reports about the stock. Roth Mkm reissued a “buy” rating and issued a $32.00 target price (up previously from $30.00) on shares of Clearway Energy in a report on Friday, August 2nd. Jefferies Financial Group assumed coverage on Clearway Energy in a research report on Friday, September 20th. They set a “buy” rating and a $35.00 target price on the stock. CIBC boosted their target price on Clearway Energy from $33.00 to $34.00 and gave the company an “outperformer” rating in a research report on Tuesday, October 22nd. Morgan Stanley upgraded shares of Clearway Energy from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $25.00 to $36.00 in a report on Wednesday, July 31st. Finally, BNP Paribas started coverage on Clearway Energy in a research report on Tuesday, October 1st. They set an “outperform” rating and a $36.00 target price for the company. One analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $33.13.

Clearway Energy Trading Up 0.7 %

Shares of CWEN stock opened at $27.56 on Thursday. The stock has a market capitalization of $5.57 billion, a P/E ratio of 26.50, a P/E/G ratio of 2.38 and a beta of 0.87. The company has a current ratio of 1.59, a quick ratio of 1.49 and a debt-to-equity ratio of 1.20. The firm’s 50 day moving average is $28.23 and its 200 day moving average is $27.24. Clearway Energy has a 12-month low of $20.63 and a 12-month high of $30.92.

Clearway Energy (NYSE:CWEN) last announced its earnings results on Wednesday, October 30th. The company reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.17). The company had revenue of $486.00 million during the quarter, compared to the consensus estimate of $417.55 million. Clearway Energy had a return on equity of 2.28% and a net margin of 8.94%. Clearway Energy’s revenue for the quarter was up 31.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.03 earnings per share. Research analysts expect that Clearway Energy will post 0.81 earnings per share for the current year.

Institutional Investors Weigh In On Clearway Energy

A number of hedge funds have recently bought and sold shares of CWEN. Ashton Thomas Securities LLC purchased a new position in shares of Clearway Energy during the third quarter worth about $50,000. Abich Financial Wealth Management LLC increased its stake in Clearway Energy by 49.8% in the 1st quarter. Abich Financial Wealth Management LLC now owns 1,879 shares of the company’s stock valued at $43,000 after buying an additional 625 shares during the period. Whittier Trust Co. raised its holdings in Clearway Energy by 33.8% during the second quarter. Whittier Trust Co. now owns 2,027 shares of the company’s stock worth $50,000 after purchasing an additional 512 shares in the last quarter. Quarry LP lifted its holdings in shares of Clearway Energy by 53.4% in the 2nd quarter. Quarry LP now owns 2,422 shares of the company’s stock valued at $60,000 after buying an additional 843 shares during the period. Finally, Icon Wealth Advisors LLC acquired a new stake in Clearway Energy in the third quarter valued at $106,000. Institutional investors and hedge funds own 38.03% of the company’s stock.

About Clearway Energy

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.