ValuEngine cut shares of Clearway Energy (NYSE:CWEN) from a strong-buy rating to a buy rating in a research report sent to investors on Thursday morning, ValuEngine reports.

Several other research firms have also recently commented on CWEN. Wolfe Research cut shares of Clearway Energy from an outperform rating to a peer perform rating in a research note on Monday, October 28th. Evercore ISI reiterated a hold rating and set a $16.00 target price on shares of Clearway Energy in a research note on Sunday, August 11th. Zacks Investment Research upgraded shares of Clearway Energy from a hold rating to a buy rating and set a $19.00 target price for the company in a research note on Friday, July 19th. Royal Bank of Canada upped their target price on shares of Clearway Energy from $15.00 to $17.00 and gave the company a sector perform rating in a research note on Wednesday, September 25th. Finally, Bank of America upgraded shares of Clearway Energy from a neutral rating to a buy rating in a research note on Friday, July 19th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company’s stock. Clearway Energy presently has an average rating of Hold and an average target price of $15.75.

NYSE:CWEN traded down $0.20 during trading hours on Thursday, hitting $19.55. 574,700 shares of the company traded hands, compared to its average volume of 768,365. The stock has a market capitalization of $3.84 billion, a price-to-earnings ratio of 42.50, a P/E/G ratio of 2.97 and a beta of 1.22. Clearway Energy has a twelve month low of $12.12 and a twelve month high of $20.43. The firm has a 50-day moving average of $19.16 and a 200 day moving average of $17.51. The company has a current ratio of 0.28, a quick ratio of 0.26 and a debt-to-equity ratio of 2.12.

Clearway Energy (NYSE:CWEN) last released its earnings results on Wednesday, November 6th. The company reported $0.36 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.71 by ($0.35). The company had revenue of $296.00 million for the quarter, compared to analyst estimates of $312.07 million. Clearway Energy had a negative net margin of 7.11% and a negative return on equity of 3.45%. The company’s quarterly revenue was up 1.4% on a year-over-year basis. Equities research analysts predict that Clearway Energy will post 0.67 earnings per share for the current fiscal year.

Institutional investors have recently made changes to their positions in the business. ETRADE Capital Management LLC bought a new stake in Clearway Energy in the 2nd quarter valued at $203,000. Campbell & CO Investment Adviser LLC bought a new stake in Clearway Energy in the 2nd quarter valued at $256,000. Natixis bought a new stake in Clearway Energy in the 2nd quarter valued at $310,000. Kayne Anderson Capital Advisors LP bought a new stake in Clearway Energy in the 2nd quarter valued at $485,000. Finally, Amundi Pioneer Asset Management Inc. bought a new stake in Clearway Energy in the 1st quarter valued at $810,000. 33.08% of the stock is currently owned by hedge funds and other institutional investors.

Clearway Energy Company Profile

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.

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Analyst Recommendations for Clearway Energy (NYSE:CWEN)

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