Clearway Energy (NYSE:CWEN) Coverage Initiated by Analysts at Deutsche Bank Aktiengesellschaft

Equities researchers at Deutsche Bank Aktiengesellschaft started coverage on shares of Clearway Energy (NYSE:CWEN) in a research note issued to investors on Tuesday,Benzinga reports. The firm set a “buy” rating and a $38.00 price target on the stock. Deutsche Bank Aktiengesellschaft’s price objective indicates a potential upside of 27.41% from the stock’s current price.

Several other research analysts have also recently weighed in on CWEN. StockNews.com upgraded shares of Clearway Energy from a “sell” rating to a “hold” rating in a report on Wednesday, March 5th. Roth Mkm reaffirmed a “buy” rating and issued a $34.00 target price (up from $33.00) on shares of Clearway Energy in a report on Tuesday, February 25th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $34.71.

Clearway Energy Stock Performance

Shares of Clearway Energy stock opened at $29.83 on Tuesday. Clearway Energy has a 52 week low of $21.34 and a 52 week high of $30.92. The company has a quick ratio of 1.49, a current ratio of 1.59 and a debt-to-equity ratio of 1.20. The business has a 50 day moving average price of $27.04 and a 200-day moving average price of $27.52. The company has a market cap of $6.03 billion, a PE ratio of 28.68, a price-to-earnings-growth ratio of 1.75 and a beta of 0.92.

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

Institutional Trading of Clearway Energy

A number of large investors have recently bought and sold shares of CWEN. Mascoma Wealth Management LLC bought a new position in shares of Clearway Energy during the 4th quarter worth $28,000. New Age Alpha Advisors LLC purchased a new stake in Clearway Energy during the fourth quarter valued at about $31,000. SBI Securities Co. Ltd. bought a new position in Clearway Energy during the fourth quarter worth about $51,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Clearway Energy in the third quarter worth about $71,000. Finally, Icon Wealth Advisors LLC bought a new stake in shares of Clearway Energy in the third quarter valued at approximately $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.