Clearway Energy Inc (NYSE:CWEN) shares, rose in value on Friday, December 13, with the stock price down by -0.22% to the previous day’s close as strong demand from buyers drove the stock to $27.28.
Actively observing the price movement in the last trading, the stock closed the session at $27.34, falling within a range of $27.065 and $27.43. The value of beta (5-year monthly) was 0.954 whereas the PE ratio was 26.23 over 12-month period. Referring to stock’s 52-week performance, its high was $30.92, and the low was $20.63. On the whole, CWEN has fluctuated by 1.22% over the past month.
With the market capitalization of Clearway Energy Inc currently standing at about $5.46 billion, investors are eagerly awaiting this quarter’s results, scheduled for in January. The company’s Forward Dividend Ratio is 1.65, with its dividend yield at 6.07%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 1.43B, with a low estimate of 208.5M and a high estimate of 331M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 299.82M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that CWEN’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of Hold while long-term indicators on average have been pointing out that it is a Hold.
The stock’s technical analysis shows that the price of CWEN currently trading nearly -3.72% and -1.98% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 41.36, while the 7-day volatility ratio is showing 2.29% which for the 30-day chart, stands at 2.34%. Furthermore, Clearway Energy Inc (CWEN)’s beta value is 0.85, and its average true range (ATR) is 0.74.
A comparison of Clearway Energy Inc (CWEN) with its peers suggests the former has fared considerably weaker in the market. CWEN showed an intraday change of -0.22% in last session, and over the past year, it grew by 4.52%%.
Data on historical trading for Clearway Energy Inc (NYSE:CWEN) indicates that the trading volumes over the past 10 days have averaged 0.72 and over the past 3 months, they’ve averaged 883.21K. According to company’s latest data on outstanding shares, there are 82.83 million shares outstanding.
Nearly 30.61% of Clearway Energy Inc’s shares belong to company insiders and institutional investors own 62.31% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 2.47 million shares as on 2024-11-29, resulting in a short ratio of 2.47. According to the data, the short interest in Clearway Energy Inc (CWEN) stood at 425.00 of shares outstanding as of 2024-11-29; the number of short shares registered in 2024-10-31 reached 2.43 million. The stock has fallen by -0.55% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the CWEN stock heading into the next quarter.
