Streetbeat News

CWEN

Clearway Energy, Inc.

https://www.clearwayenergy.com

Industry

Renewable Utilities

Clearway Energy, Inc. operates in the renewable energy business in the United States. It has approximately 5,000 net megawatts (MW) of installed wind and solar generation projects; and approximately 2,500 net MW of natural gas generation facilities. The company was formerly known as NRG Yield, Inc. and changed its name to Clearway Energy, Inc. in August 2018. Clearway Energy, Inc. was incorporated in 2012 and is based in Princeton, New Jersey. Clearway Energy, Inc. is a subsidiary of Clearway Energy Group LLC.

Open

27.67

Mkt cap

5.6B

Volume

708K

High

28.01

P/E Ratio

26.98

52-wk high

30.92

Low

27.41

Div yield

0.06

52-wk low

20.63

Wall Street's most accurate analysts have spotlighted three high-dividend-yielding utilities stocks: Portland General Electric Company (NYSE:POR), ALLETE, Inc. (NYSE:ALE), and Clearway Energy, Inc. (NYSE:CWEN). Analysts have provided updated ratings and price targets for these stocks, with recent earnings reports influencing their outlooks.

Portfolio Pulse from Avi Kapoor

August 05, 2024 | 5:34 pm

Roth MKM analyst Justin Clare reiterates a Buy rating on Clearway Energy (NYSE:CWEN) and raises the price target from $30 to $32.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 5:07 pm

Clearway Energy, Inc. has announced a 1.7% increase in its quarterly dividend to $0.4171 per share, payable on September 16, 2024, to stockholders of record as of September 3, 2024.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 10:19 am

Clearway Energy (NYSE:CWEN) reported Q2 earnings per share (EPS) of $0.43, a 30.3% increase from $0.33 YoY. However, sales decreased by 9.85% to $366 million from $406 million YoY.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 10:17 am

Morgan Stanley has upgraded Clearway Energy (NYSE:CWEN) from Equal-Weight to Overweight and raised the price target from $25 to $36.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 9:30 am

On CNBC's 'Halftime Report Final Trades,' analysts discussed Clearway Energy, American Express, and 3M. Clearway Energy has a 6.5% dividend yield and will report Q2 results on Aug. 1. American Express reported solid earnings but missed sales estimates, while 3M is undergoing a long-term turnaround with recent executive changes.

Portfolio Pulse from Avi Kapoor

July 22, 2024 | 12:47 pm

UBS analyst William Grippin maintains a Buy rating on Clearway Energy (CWEN) and raises the price target from $32 to $33.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 2:39 pm

Evercore ISI Group analyst Michael Lonegan maintains an Outperform rating on Clearway Energy (CWEN) and raises the price target from $25 to $30.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 12:53 pm

Roth MKM analyst Justin Clare has maintained a Buy rating on Clearway Energy (CWEN) and increased the price target from $29 to $30.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 4:51 pm

Clearway Energy has reaffirmed its 2024 Cash Available for Distribution (CAFD) outlook of $395 million. This reiteration emphasizes the company's confidence in its financial projections and operational stability moving forward.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 10:19 am

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.