Q4 EPS Estimates for Clearway Energy Increased by Analyst

Clearway Energy, Inc. (NYSE:CWEN) – Investment analysts at Roth Capital upped their Q4 2024 EPS estimates for Clearway Energy in a research note issued on Wednesday, October 30th. Roth Capital analyst J. Clare now forecasts that the company will post earnings per share of $0.12 for the quarter, up from their prior forecast of ($0.06). The consensus estimate for Clearway Energy’s current full-year earnings is $0.86 per share. Roth Capital also issued estimates for Clearway Energy’s Q1 2025 earnings at ($0.89) EPS, Q2 2025 earnings at $0.50 EPS, Q3 2025 earnings at $0.56 EPS, Q4 2025 earnings at ($0.35) EPS, FY2025 earnings at ($0.18) EPS and FY2026 earnings at $0.45 EPS.

CWEN has been the topic of a number of other research reports. CIBC boosted their target price on shares of Clearway Energy from $33.00 to $34.00 and gave the company an “outperformer” rating in a research report on Tuesday, October 22nd. Morgan Stanley upgraded Clearway Energy from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $25.00 to $36.00 in a report on Wednesday, July 31st. StockNews.com upgraded Clearway Energy from a “sell” rating to a “hold” rating in a report on Friday, August 9th. Jefferies Financial Group initiated coverage on Clearway Energy in a research report on Friday, September 20th. They set a “buy” rating and a $35.00 target price on the stock. Finally, Roth Mkm reaffirmed a “buy” rating and issued a $32.00 price objective (up from $30.00) on shares of Clearway Energy in a research note on Friday, August 2nd. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $33.13.

Clearway Energy Price Performance

Clearway Energy stock opened at $27.61 on Monday. The stock has a market capitalization of $5.58 billion, a price-to-earnings ratio of 26.55, a PEG ratio of 2.35 and a beta of 0.87. Clearway Energy has a 52-week low of $20.63 and a 52-week high of $30.92. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.37 and a current ratio of 1.59. The stock’s 50 day moving average price is $28.40 and its two-hundred day moving average price is $26.95.

Clearway Energy (NYSE:CWEN) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.17). The business had revenue of $486.00 million for the quarter, compared to analyst estimates of $417.55 million. Clearway Energy had a return on equity of 2.28% and a net margin of 8.94%. The business’s revenue was up 31.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.03 earnings per share.

Hedge Funds Weigh In On Clearway Energy

Several institutional investors have recently bought and sold shares of the company. Fulton Bank N.A. lifted its stake in shares of Clearway Energy by 3.8% during the 3rd quarter. Fulton Bank N.A. now owns 12,206 shares of the company’s stock valued at $374,000 after buying an additional 449 shares in the last quarter. Whittier Trust Co. raised its holdings in Clearway Energy by 33.8% during the 2nd quarter. Whittier Trust Co. now owns 2,027 shares of the company’s stock valued at $50,000 after acquiring an additional 512 shares during the period. Abich Financial Wealth Management LLC lifted its position in shares of Clearway Energy by 49.8% during the first quarter. Abich Financial Wealth Management LLC now owns 1,879 shares of the company’s stock worth $43,000 after acquiring an additional 625 shares in the last quarter. Mercer Global Advisors Inc. ADV boosted its holdings in shares of Clearway Energy by 5.6% in the second quarter. Mercer Global Advisors Inc. ADV now owns 12,240 shares of the company’s stock worth $302,000 after acquiring an additional 654 shares during the period. Finally, Congress Asset Management Co. boosted its stake in Clearway Energy by 0.4% in the 3rd quarter. Congress Asset Management Co. now owns 189,236 shares of the company’s stock worth $5,806,000 after purchasing an additional 699 shares during the period. Hedge funds and other institutional investors own 38.03% of the company’s stock.

Clearway Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be given a $0.424 dividend. This is a positive change from Clearway Energy’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $1.70 annualized dividend and a yield of 6.14%. Clearway Energy’s payout ratio is currently 160.58%.

About Clearway Energy

Clearway Energy, Inc operates in the renewable energy business in the United States. The company operates through Conventional and Renewables segments. It has approximately 6,000 net MW of installed wind, solar, and energy generation projects; and approximately 2,500 net MW of natural gas-fired generation facilities.