In the past week, CWEN stock has gone down by -4.30%, with a monthly gain of 6.48% and a quarterly plunge of -8.57%. The volatility ratio for the week is 3.05%, and the volatility levels for the last 30 days are 2.46% for Clearway Energy Inc. The simple moving average for the past 20 days is -0.79% for CWEN’s stock, with a -6.38% simple moving average for the past 200 days.
Is It Worth Investing in Clearway Energy Inc (NYSE: CWEN) Right Now?
The price-to-earnings ratio for Clearway Energy Inc (NYSE: CWEN) is above average at 33.32x. The 36-month beta value for CWEN is also noteworthy at 0.87.
The public float for CWEN is 80.48M, and at present, short sellers hold a 2.65% of that float. The average trading volume of CWEN on April 19, 2024 was 915.88K shares.
CWEN) stock’s latest price update
Clearway Energy Inc (NYSE: CWEN)’s stock price has gone rise by 1.12 in comparison to its previous close of 22.25, however, the company has experienced a -4.30% decrease in its stock price over the last five trading days. Seeking Alpha reported 2024-04-13 that Job gains in March mainly came from immigrants and part-time employment. Real-time inflation is far lower than the CPI would lead you to believe and has been below the Fed’s 2% target for the better part of a year. I give my admittedly unpopular view on the green tech trade with China and the benefits of international trade.
Analysts’ Opinion of CWEN
Many brokerage firms have already submitted their reports for CWEN stocks, with BofA Securities repeating the rating for CWEN by listing it as a “Buy.” The predicted price for CWEN in the upcoming period, according to BofA Securities is $27 based on the research report published on October 06, 2023 of the previous year 2023.
CIBC gave a rating of “Neutral” to CWEN, setting the target price at $36 in the report published on June 10th of the previous year.
CWEN Trading at -0.13% from the 50-Day Moving Average
After a stumble in the market that brought CWEN to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -30.05% of loss for the given period.
Volatility was left at 2.46%, however, over the last 30 days, the volatility rate increased by 3.05%, as shares surge +6.13% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -4.17% lower at present.
During the last 5 trading sessions, CWEN fell by -4.30%, which changed the moving average for the period of 200-days by -21.19% in comparison to the 20-day moving average, which settled at $22.74. In addition, Clearway Energy Inc saw -17.97% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at CWEN starting from TotalEnergies SE, who purchase 196,964 shares at the price of $22.86 back on Mar 28 ’24. After this action, TotalEnergies SE now owns 295,235 shares of Clearway Energy Inc, valued at $4,502,833 using the latest closing price.
Global Infrastructure Investor, the Director of Clearway Energy Inc, purchase 196,964 shares at $22.86 during a trade that took place back on Mar 28 ’24, which means that Global Infrastructure Investor is holding 295,235 shares at $4,502,833 based on the most recent closing price.
Stock Fundamentals for CWEN
Current profitability levels for the company are sitting at:
- 0.2 for the present operating margin
- 0.64 for the gross margin
The net margin for Clearway Energy Inc stands at 0.03. The total capital return value is set at 0.02. Equity return is now at value 3.64, with 0.58 for asset returns.
Based on Clearway Energy Inc (CWEN), the company’s capital structure generated 0.8 points at debt to capital in total, while cash flow to debt ratio is standing at 0.08. The debt to equity ratio resting at 4.13. The interest coverage ratio of the stock is 0.78.
Currently, EBITDA for the company is 1.05 billion with net debt to EBITDA at 7.71. When we switch over and look at the enterprise to sales, we see a ratio of 9.61. The receivables turnover for the company is 3.81for trailing twelve months and the total asset turnover is 0.09. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.72.
Conclusion
In summary, Clearway Energy Inc (CWEN) has had a bad performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
