What Are The Chances Of Clearway Energy Inc (NYSE: CWEN) Becoming A Clear Buy?

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. The stock was recently discussed on Yahoo Finance as it revealed that Clearway Energy, Inc. Reports Full Year 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. The current market capitalization of Clearway Energy Inc is $2.52B. A total of 0.85 million shares were traded on the day, compared to an average of 880.72K shares.

In the most recent transaction, Sotos Christopher S bought 4,000 shares of CWEN for 23.68 per share on Aug 14 ’23. After the transaction, the PRESIDENT AND CEO now owns 31,100 company shares. In a previous transaction on Mar 31 ’23, TotalEnergies SE bought 71,980 shares at 31.15 per share. CWEN shares that Director owns now total 172,601.

Among the insiders who bought shares, Global Infrastructure Investor acquired of 71,980 shares on Mar 31 ’23 at a per-share price of $31.15. This resulted in the Director holding 172,601 shares of CWEN after the transaction.

Dividend

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 $1.57, resulting in a dividend yield of 7.29%, and it has a price to earnings (P/E) ratio of 31.89. CWEN’s most recent ex-dividend date was 2/29/2024 when it declared a $0.4030 quarterly dividend that was paid in cash on 3/15/2024. Previously, the company paid the dividend on 12/15/2023 with an ex-dividend date of 11/30/2023. The CWEN stock dividend was $0.3964 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. In terms of 52-week highs and lows, CWEN has a high of $32.24 and a low of $18.59.

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 $17.96, 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 4.50.

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