There Is A Quest For Clarity Surrounding Clearway Energy Inc (NYSE: CWEN) Volatility

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. 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

This NYSE-listed company operates within the Utilities – Renewable industry segment, falling under the Utilities sector. The current market capitalization of Clearway Energy Inc is $2.70B. A total of 1.0 million shares were traded on the day, compared to an average of 909.42K shares.

In the most recent transaction, TotalEnergies SE bought 196,964 shares of CWEN for 22.86 per share on Mar 28 ’24. After the transaction, the Director now owns 295,235 company shares. In a previous transaction on Mar 28 ’24, Global Infrastructure Investor bought 196,964 shares at 22.86 per share. CWEN shares that Director owns now total 295,235.

Among the insiders who bought shares, Sotos Christopher S acquired of 4,000 shares on Aug 14 ’23 at a per-share price of $23.68. This resulted in the PRESIDENT AND CEO holding 31,100 shares of CWEN after the transaction.

Dividend

The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. Clearway Energy Inc pays an annual dividend of $1.57, resulting in a dividend yield of 6.81%, and it has a price to earnings (P/E) ratio of 34.17. 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.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. 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

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its 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 4.33.

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