Clearway Energy Inc (NYSE: CWEN) kicked off on Friday, down -0.98% from the previous trading day, before settling in for the closing price of $27.54. Over the past 52 weeks, CWEN has traded in a range of $20.63-$30.92.
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Utilities Sector giant saw their annual sales surged by 6.07% over the last five years. While this was happening, its average annual earnings per share was recorded 16.16%. With a float of $80.57 million, this company’s outstanding shares have now reached $82.39 million.
The firm has a total of 61 workers. Let’s measure their productivity. In terms of profitability, gross margin is 35.99%, operating margin of 11.39%, and the pretax margin is -8.73%.
Clearway Energy Inc (CWEN) Insider Activity
Our next focus will be how large-scale investors are participating in this stock of the Utilities – Renewable Industry. The insider ownership of Clearway Energy Inc is 31.39%, while institutional ownership is 63.50%. The most recent insider transaction that took place on Aug 09 ’24, was worth 85,045. In this transaction Director of this company bought 3,000 shares at a rate of $28.35, taking the stock ownership to the 67,842 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 16.16% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 14.00% during the next five years compared to 7.91% growth over the previous five years of trading.
Clearway Energy Inc (NYSE: CWEN) Trading Performance Indicators
Take a look at Clearway Energy Inc’s (CWEN) current performance indicators. Last quarter, stock had a quick ratio of 1.37. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.17. Likewise, its price to free cash flow for the trailing twelve months is 6.89.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.77, a number that is poised to hit 0.53 in the next quarter and is forecasted to reach 1.24 in one year’s time.
Technical Analysis of Clearway Energy Inc (CWEN)
Analysing the last 5-days average volume posted by the [Clearway Energy Inc, CWEN], we can find that recorded value of 0.91 million was better than the volume posted last year of 0.85 million. As of the previous 9 days, the stock’s Stochastic %D was 22.28%. Additionally, its Average True Range was 0.58.
During the past 100 days, Clearway Energy Inc’s (CWEN) raw stochastic average was set at 47.10%, which indicates a significant increase from 8.06% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 21.57% in the past 14 days, which was lower than the 29.27% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $28.79, while its 200-day Moving Average is $25.70. Now, the first resistance to watch is $27.53. This is followed by the second major resistance level at $27.79. The third major resistance level sits at $28.08. If the price goes on to break the first support level at $26.98, it is likely to go to the next support level at $26.69. Should the price break the second support level, the third support level stands at $26.43.
Clearway Energy Inc (NYSE: CWEN) Key Stats
The company with the Market Capitalisation of 3.20 billion has total of 202,144K Shares Outstanding. Its annual sales at the moment are 1,314 M in contrast with the sum of 79,000 K annual income. Company’s last quarter sales were recorded 366,000 K and last quarter income was 51,000 K.
