Clearway Energy Inc (NYSE: CWEN) on Tuesday, plunged -2.58% from the previous trading day, before settling in for the closing price of $29.08. Within the past 52 weeks, CWEN’s price has moved between $20.63 and $30.92.
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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. The company achieved an average annual earnings per share of 20.18%. With a float of $81.50 million, this company’s outstanding shares have now reached $82.83 million.
In an organization with 61 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 29.61%, operating margin of 16.34%, and the pretax margin is -8.87%.
Clearway Energy Inc (CWEN) Insider Updates
Observing investor behavior towards Utilities – Renewable industry stocks is more important than anything else. The insider ownership of Clearway Energy Inc is 30.60%, while institutional ownership is 62.30%. 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) Performance Highlights and Predictions
As on 9/30/2024, Multinational firm has announced its last quarter scores, in which it reported 0.31 earnings per share (EPS) for the period topping the consensus outlook (set at 0.26) by 0.05. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 20.18% per share during the next fiscal year.
Clearway Energy Inc (NYSE: CWEN) Trading Performance Indicators
Clearway Energy Inc (CWEN) is currently performing well based on its current performance indicators. A quick ratio of 1.49 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.90. Likewise, its price to free cash flow for the trailing twelve months is 11.86.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.04, a number that is poised to hit 0.03 in the next quarter and is forecasted to reach 0.83 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 0.78 million. That was inferior than the volume of 0.87 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 62.35%. Additionally, its Average True Range was 0.81.
During the past 100 days, Clearway Energy Inc’s (CWEN) raw stochastic average was set at 58.56%, which indicates a significant increase from 52.67% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 20.95% in the past 14 days, which was lower than the 32.45% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $28.17, while its 200-day Moving Average is $26.16. However, in the short run, Clearway Energy Inc’s stock first resistance to watch stands at $28.99. Second resistance stands at $29.65. The third major resistance level sits at $30.01. If the price goes on to break the first support level at $27.97, it is likely to go to the next support level at $27.61. Assuming the price breaks the second support level, the third support level stands at $26.95.
Clearway Energy Inc (NYSE: CWEN) Key Stats
Market capitalization of the company is 5.67 billion based on 202,146K outstanding shares. Right now, sales total 1,314 M and income totals 79,000 K. The company made 486,000 K in profit during its latest quarter, and 36,000 K in sales during its previous quarter.
