Deutsche Bank Aktiengesellschaft Begins Coverage on Clearway Energy (NYSE:CWEN)

Equities researchers at Deutsche Bank Aktiengesellschaft initiated coverage on shares of Clearway Energy (NYSE:CWEN) in a research report issued to clients and investors on Tuesday, MarketBeat.com reports. The brokerage set a “buy” rating and a $38.00 price target on the stock. Deutsche Bank Aktiengesellschaft’s price target points to a potential upside of 25.39% from the company’s previous close.

Other equities research analysts have also issued research reports about the company. StockNews.com upgraded Clearway Energy from a “sell” rating to a “hold” rating in a research note on Wednesday, March 5th. Roth Mkm reissued a “buy” rating and set a $34.00 target price (up previously from $33.00) on shares of Clearway Energy in a research report on Tuesday, February 25th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $34.71.

Clearway Energy Trading Down 0.4 %

Shares of NYSE CWEN opened at $30.31 on Tuesday. The business has a fifty day moving average price of $27.25 and a 200 day moving average price of $27.56. Clearway Energy has a 1-year low of $21.71 and a 1-year high of $30.92. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.59 and a quick ratio of 1.49. The stock has a market capitalization of $6.13 billion, a P/E ratio of 29.14, a price-to-earnings-growth ratio of 1.75 and a beta of 0.92.

Clearway Energy (NYSE:CWEN) last issued its quarterly earnings results on Monday, February 24th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.10). The business had revenue of $256.00 million for the quarter, compared to analyst estimates of $299.73 million. Clearway Energy had a return on equity of 2.28% and a net margin of 8.94%. Equities research analysts expect that Clearway Energy will post 0.83 EPS for the current fiscal year.

Institutional Trading of Clearway Energy

Large investors have recently made changes to their positions in the business. Mascoma Wealth Management LLC purchased a new position in shares of Clearway Energy during the fourth quarter worth $28,000. New Age Alpha Advisors LLC acquired a new stake in Clearway Energy during the 4th quarter worth about $31,000. SBI Securities Co. Ltd. purchased a new position in shares of Clearway Energy during the 4th quarter valued at about $51,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Clearway Energy in the 3rd quarter valued at about $71,000. Finally, Icon Wealth Advisors LLC purchased a new stake in shares of Clearway Energy in the third quarter worth about $106,000. 84.53% of the stock is owned by hedge funds and other institutional investors.

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.