On Tuesday, Clearway Energy Inc (NYSE: CWEN) opened higher 1.30% from the last session ,before settling in for the closing price of $23.90. Price fluctuations for CWEN have ranged from $18.59 to $32.23 over the past 52 weeks.
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A company in the Utilities sector has jumped its sales by 6.07% annually for the last half of the decade. Company’s average yearly earnings per share was noted 27.58% at the time writing. With a float of $80.48 million, this company’s outstanding shares have now reached $82.39 million.
In an organization with 61 employees, it is important to assess its efficiency.
Clearway Energy Inc (CWEN) Insider and Institutional Ownership
A key investor’s attitude towards the stock of the Utilities – Renewable industry is another important factor to consider. The insider ownership of Clearway Energy Inc is 31.22%, while institutional ownership is 67.06%. The most recent insider transaction that took place on Mar 28 ’24, was worth 4,502,833. In this transaction Director of this company bought 196,964 shares at a rate of $22.86, taking the stock ownership to the 295,235 shares. Before that another transaction happened on Mar 28 ’24, when Company’s Director bought 196,964 for $22.86, making the entire transaction worth $4,502,833. This insider now owns 295,235 shares in total.
Clearway Energy Inc (CWEN) Latest Financial update
According to the Wall Street analysts, stocks earnings will be around 27.58% per share during the next fiscal year.
Clearway Energy Inc (NYSE: CWEN) Trading Performance Indicators
Check out the current performance indicators for Clearway Energy Inc (CWEN). In the past quarter, the stock posted a quick ratio of 1.66. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.91. Likewise, its price to free cash flow for the trailing twelve months is 5.78.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.68, a number that is poised to hit -0.25 in the next quarter and is forecasted to reach 1.02 in one year’s time.
Technical Analysis of Clearway Energy Inc (CWEN)
Let’s dig in a bit further. During the last 5-days, its volume was 0.98 million. That was better than the volume of 0.93 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 88.72%. Additionally, its Average True Range was 0.57.
During the past 100 days, Clearway Energy Inc’s (CWEN) raw stochastic average was set at 49.79%, which indicates a significant decrease from 94.89% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 18.71% in the past 14 days, which was lower than the 34.23% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $22.72, while its 200-day Moving Average is $24.21. However, in the short run, Clearway Energy Inc’s stock first resistance to watch stands at $24.41. Second resistance stands at $24.62. The third major resistance level sits at $24.84. If the price goes on to break the first support level at $23.98, it is likely to go to the next support level at $23.76. The third support level lies at $23.55 if the price breaches the second support level.
Clearway Energy Inc (NYSE: CWEN) Key Stats
There are currently 202,081K shares outstanding in the company with a market cap of 2.83 billion. Presently, the company’s annual sales total 1,314 M according to its annual income of 79,000 K. Last quarter, the company’s sales amounted to 249,000 K and its income totaled 37,000 K.
