Last Updated: 16 Sep 2024
Executive Summary
Clearway Energy Inc Class C (CWEN) is a leading renewable energy company with a market capitalization of $5.73 billion. The company has a strong financial position with an EBITDA of $904 million and a profit margin of 7.21%. CWEN's stock price is currently trading at $29.16, which is within its 52-week range of $17.44 to $29.18. The company has a dividend yield of 0.0572% and a trailing P/E ratio of 38.37.
Company Overview
Clearway Energy, Inc. is a renewable energy company that owns and operates a portfolio of wind, solar, and energy storage assets. The company's projects are located in the United States, Canada, and Europe. CWEN has a total installed capacity of over 5,000 megawatts and is one of the largest renewable energy companies in the world.
Fundamental Analysis
CWEN's financial performance has been strong in recent years. The company's revenue has grown from $1.08 billion in 2019 to $1.25 billion in 2023. The company's EBITDA has also grown from $769 million in 2019 to $904 million in 2023. CWEN's profit margin has remained stable at around 7%.
The company's balance sheet is also strong. CWEN has a debt-to-equity ratio of 0.44 and a current ratio of 1.25. The company's cash and cash equivalents totaled $1.2 billion at the end of 2023.
Technical Analysis
CWEN's stock price has been trending higher in recent months. The stock price broke out of a resistance level at $27.50 in early 2023 and has since reached a high of $29.18. The stock price is currently trading above its 50-day and 200-day moving averages.
The technical indicators are also bullish for CWEN. The relative strength index (RSI) is above 50 and the moving average convergence divergence (MACD) is positive. This indicates that the stock price is in a bullish trend.
Short Term Outlook
The short-term outlook for CWEN is positive. The stock price is trading above its key moving averages and the technical indicators are bullish. The company's financial performance is also strong and the company is well-positioned to continue to grow in the future.
Long Term Outlook
The long-term outlook for CWEN is also positive. The company is a leader in the renewable energy industry and is well-positioned to benefit from the growing demand for renewable energy. The company's strong financial position and experienced management team should allow it to continue to grow in the future.
Analyst Recommendations
Analysts are generally positive on CWEN. The average analyst rating is "buy" and the average analyst target price is $32.00. This indicates that analysts believe that CWEN's stock price is undervalued and that it has the potential to appreciate in the future.
