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Saturday, June 3, 2023

Analysts Point To Clearway Energy Inc. (NYSE: CWEN) Growth In The Future

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for Clearway Energy Inc. (CWEN) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.91, or 2.97%, to $31.53. The Clearway Energy Inc. has recorded 13,011 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that Clearway Energy, Inc. Reports First Quarter 2023 Financial Results.

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Stocks Info

As a NYSE listed company, CWEN falls under the Utilities sector while operating within the Utilities – Renewable industry segment. At the end of the last regular session, the stock closed at $30.62 and fluctuated between $30.74 as its day high and $30.18 as its day low. The current market capitalization of Clearway Energy Inc. is $4.84B. A total of 0.63 million shares were traded on the day, compared to an average of 857.54K shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, CWEN has seen 35 BUY and 17 SELL insider trades, representing the acquisition of 445,254 and the disposition of 437,681 shares. Over the last 12 months, there were 90 BUYs and 25 SELLs from insiders. Insiders purchased 540,301 shares during that period but sold 477,021.

In the most recent transaction, TotalEnergies SE bought 71,980 shares of CWEN for 31.15 per share on Mar 31. After the transaction, the Director now owns 172,601 company shares. In a previous transaction on Mar 31, Global Infrastructure Investor bought 71,980 shares at 31.15 per share. CWEN shares that Director owns now total 172,601.

Among the insiders who sold shares, Sotos Christopher S disposed of 30,000 shares on Nov 15 at a per-share price of $35.23. This resulted in the PRESIDENT AND CEO holding 266,704 shares of CWEN after the transaction.


Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. Clearway Energy Inc. pays an annual dividend of $1.53, resulting in a dividend yield of 4.99%, and it has a price to earnings (P/E) ratio of 5.80. CWEN’s most recent ex-dividend date was 5/31/2023 when it declared a $0.3820 quarterly dividend that was paid in cash on 6/15/2023. Previously, the company paid the dividend on 3/15/2023 with an ex-dividend date of 2/28/2023. The CWEN stock dividend was $0.3750 per share in cash.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for CWEN in the last 3 months, the mean price target is $38.10 with high estimates of $43.00 and low estimates of $36.00. In terms of 52-week highs and lows, CWEN has a high of $41.79 and a low of $28.75.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. CWEN’s latest balance sheet shows that the firm has $179.00M in Cash & Short Term Investments as of fiscal 2021. There were $8.27B in debt and $1.63B in liabilities at the time. Its Book Value Per Share was $18.37, while its Total Shareholder’s Equity was $3.30B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for CWEN is Buy with a score of 4.00.

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