Clearway Energy (NYSE:CWEN) Stock Rating Upgraded by Bank of America

Clearway Energy (NYSE:CWEN) was upgraded by Bank of America from a “neutral” rating to a “buy” rating in a research report issued to clients and investors on Friday, Marketbeat reports.

Several other equities analysts have also commented on CWEN. ValuEngine raised Ultrapar Participacoes from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 4th. Zacks Investment Research lowered HANNOVER RUECK/S from a “hold” rating to a “sell” rating in a research report on Monday, April 22nd. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. Clearway Energy presently has an average rating of “Hold” and an average target price of $15.00.

Shares of Clearway Energy stock opened at $17.86 on Friday. The company has a quick ratio of 0.23, a current ratio of 0.26 and a debt-to-equity ratio of 2.05. The firm’s fifty day moving average price is $16.60. Clearway Energy has a 12 month low of $12.12 and a 12 month high of $20.75.



Clearway Energy (NYSE:CWEN) last announced its quarterly earnings data on Tuesday, May 7th. The company reported ($0.18) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.20). The firm had revenue of $217.00 million for the quarter, compared to analysts’ expectations of $230.11 million. Clearway Energy had a net margin of 1.15% and a return on equity of 0.53%. The business’s quarterly revenue was down 3.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.16 EPS. Sell-side analysts anticipate that Clearway Energy will post 1.51 EPS for the current year.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Reilly Financial Advisors LLC purchased a new position in shares of Clearway Energy in the 1st quarter worth about $28,000. Squarepoint Ops LLC raised its position in shares of Clearway Energy by 11.6% in the 4th quarter. Squarepoint Ops LLC now owns 22,998 shares of the company’s stock worth $397,000 after purchasing an additional 2,398 shares during the last quarter. Boenning & Scattergood Inc. raised its position in shares of Clearway Energy by 4.9% in the 1st quarter. Boenning & Scattergood Inc. now owns 58,574 shares of the company’s stock worth $885,000 after purchasing an additional 2,750 shares during the last quarter. Griffin Asset Management Inc. raised its position in shares of Clearway Energy by 8.0% in the 4th quarter. Griffin Asset Management Inc. now owns 38,377 shares of the company’s stock worth $662,000 after purchasing an additional 2,844 shares during the last quarter. Finally, Quadrant Capital Group LLC raised its position in shares of Clearway Energy by 903.6% in the 1st quarter. Quadrant Capital Group LLC now owns 3,352 shares of the company’s stock worth $50,000 after purchasing an additional 3,018 shares during the last quarter. 31.55% of the stock is owned by hedge funds and other institutional investors.

About Clearway Energy

Clearway Energy, Inc, through its subsidiaries, acquires, owns, and operates contracted renewable energy and conventional generation, and thermal infrastructure assets in the United States. As of December 31, 2018, it had contracted generation portfolio of 5,272 net megawatts (MWs) of wind, solar, and natural gas-fired power generation facilities, as well as district energy systems.

Further Reading: Net Margin

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