Clearway Energy (NYSE:CWEN) Rating Lowered to Sell at StockNews.com

Clearway Energy (NYSE:CWEN) was downgraded by investment analysts at StockNews.com from a “hold” rating to a “sell” rating in a research note issued on Thursday.

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

Clearway Energy Stock Up 1.6 %

NYSE:CWEN traded up $0.42 on Thursday, hitting $27.37. 708,360 shares of the company’s stock traded hands, compared to its average volume of 873,337. The company has a market cap of $5.53 billion, a PE ratio of 26.32, a price-to-earnings-growth ratio of 2.36 and a beta of 0.87. The firm has a 50-day moving average price of $28.23 and a 200-day moving average price of $27.21. Clearway Energy has a 1 year low of $20.63 and a 1 year high of $30.92. The company has a current ratio of 1.59, a quick ratio of 1.49 and a debt-to-equity ratio of 1.20.

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

Institutional Trading of Clearway Energy

A number of hedge funds have recently bought and sold shares of the business. Fulton Bank N.A. raised its stake in Clearway Energy by 3.8% during the third quarter. Fulton Bank N.A. now owns 12,206 shares of the company’s stock worth $374,000 after purchasing an additional 449 shares during the period. Whittier Trust Co. raised its position in shares of Clearway Energy by 33.8% during the 2nd quarter. Whittier Trust Co. now owns 2,027 shares of the company’s stock worth $50,000 after buying an additional 512 shares in the last quarter. Abich Financial Wealth Management LLC raised its holdings in shares of Clearway Energy by 49.8% in the 1st quarter. Abich Financial Wealth Management LLC now owns 1,879 shares of the company’s stock worth $43,000 after purchasing an additional 625 shares in the last quarter. Mercer Global Advisors Inc. ADV increased its position in shares of Clearway Energy by 5.6% in the second quarter. Mercer Global Advisors Inc. ADV now owns 12,240 shares of the company’s stock worth $302,000 after acquiring an additional 654 shares in the last quarter. Finally, Congress Asset Management Co. increased its stake in shares of Clearway Energy by 0.4% in the third quarter. Congress Asset Management Co. now owns 189,236 shares of the company’s stock worth $5,806,000 after acquiring an additional 699 shares during the last quarter. 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.