On Friday, Clearway Energy Inc (NYSE: CWEN) opened lower -5.07% from the last session, before settling in for the closing price of $26.01. Price fluctuations for CWEN have ranged from $18.59 to $28.76 over the past 52 weeks.
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During the last 5-year period, the sales growth of Utilities Sector giant was 6.07%. Company’s average yearly earnings per share was noted 45.92% at the time writing. With a float of $79.94 million, this company’s outstanding shares have now reached $82.39 million.
Let’s determine the extent of company efficiency that accounts for 61 employees.
Clearway Energy Inc (CWEN) Insider Activity
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 31.71%, while institutional ownership is 62.68%. 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) Earnings and Forecasts
According to the Wall Street analysts, stocks earnings will be around 45.92% 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 1.65. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.93. Likewise, its price to free cash flow for the trailing twelve months is 5.95.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.66, a number that is poised to hit 0.76 in the next quarter and is forecasted to reach 0.95 in one year’s time.
Technical Analysis of Clearway Energy Inc (CWEN)
Looking closely at Clearway Energy Inc (NYSE: CWEN), its last 5-days average volume was 0.79 million, which is a drop from its year-to-date volume of 0.9 million. As of the previous 9 days, the stock’s Stochastic %D was 17.97%. Additionally, its Average True Range was 0.69.
During the past 100 days, Clearway Energy Inc’s (CWEN) raw stochastic average was set at 50.25%, which indicates a significant increase from 4.61% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 25.71% in the past 14 days, which was lower than the 31.61% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $25.83, while its 200-day Moving Average is $24.03. However, in the short run, Clearway Energy Inc’s stock first resistance to watch stands at $25.75. Second resistance stands at $26.81. The third major resistance level sits at $27.42. If the price goes on to break the first support level at $24.08, it is likely to go to the next support level at $23.47. Should the price break the second support level, the third support level stands at $22.41.
Clearway Energy Inc (NYSE: CWEN) Key Stats
There are currently 202,144K shares outstanding in the company with a market cap of 2.89 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 263,000 K and its income totaled -2,000 K.
