CWEN last reported earnings on November 06, 2018 when it released Sep-18 results that receded expectations. The company raked in $0.2 per share, -99.4% change on the same period last year. That was worse than consensus for $0.3. Revenue for the recent quarter stood at $292 million, up 10% on last year and below the $311.63 million predicted by analysts. For this quarter, Wall Street analysts forecast revenue in a range of $244.19 million to $348 million, which should be compared with $266.22 million generated last year. EPS is seen in a range of $0.17 to $0.93, against the $0.31 reported a year ago.
CWEN’s 50 day simple moving average (SMA 50) price is $16.21 and its 200-day simple moving average (SMA 200) price is $18.04. The company’s stock currently has a total float of 0 shares. Its weekly volatility is hovering around 3.39% and felt 4.13% volatility in price over a month. On the upside, the share price will test short term resistance at around $14.09. On a downside, the stock is likely to find some support, which begins at $12.99. The failure to get near-term support could push it to $12.57.
Separately, it has been reported that multiple insider activity took place at Clearway Energy, Inc. (CWEN). 10% Owner Global Infrastructure Investor acquired 132,612 shares for $132,612 in transaction occurred on 2018/12/27. After making this transaction, the 10% Owner owns a direct stake of 2,200,033 shares, worth $1,777,001, as per the last closing price. On 2018/11/08 Global Infrastructure Investor, 10% Owner at CWEN, purchased 59,727 shares at an average price of $19.75 per share. The new stake is valued at $.
Director, Chlebowski John had divested 25,417 shares for $35,405 through a trade on 2018/05/10. Following this activity, the insider holds 452,677 shares worth $474,427 as of recent close. Wall Street’s most bullish Clearway Energy, Inc. (NYSE:CWEN) analysts are predicting the share price to blow past $20 per share during the next 12 months. The current median share price forecast by them is $17, suggesting that the stock could increase 26.87% in that time frame. The average price target of $17.19 calls for a nearly 28.28% increase in the stock price.
When looking at valuations, Clearway Energy, Inc. (CWEN) has a pricey P/E of 97.81x as compared to industry average of 16.36x. Also, it is trading at rather inexpensive levels at just over 0.75x price/book and 0.93x price/sales.
Clearway Energy, Inc. (NYSE:CWEN) sank as low as $13.26 Wednesday before getting settled at $13.4. The -8.72 percent decrease called for market cap to move at $979.38M. The price went up as high as $13.26 before retreating. Trading activity significantly improved as the volume at ready counter increased to 4,051,923 shares versus 1,292,855 in average daily trading volume over the past 20 days. So far this year, the volume has averaged about 1,404,187 shares. The stock is now -0.3% above against its bear-market low of $13.44 on February 13, 2019. It has retreated -54.85% since it’s 52-week high of $20.75 reached in August. Now the market price is down -19.03% on the year and down -22.32% YTD.