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Clearway Energy, Inc.CC

Clearway Energy, Inc.

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CWEN trade ideas

CWEN Third time's the charm?NYSE:CWEN Taking a speculative long position base on price action. On the daily we see the price attempting to break out to the upside only to fail on each of the previous two occasions. What is different this time? The answer is multi-timeframe analysis. Here we see the same indicator aggregated across multiple timeframes overlayed over the 2-day chart. We noticed that that during the previous 2 breakout attempts longer term investors were not interested. This time, as marked by the yellow circles, short term traders and investors across multiple timeframes are aligned, so we take a long position with higher level of confidence.
NYSE:CWENLong
by et20tradeview
2
Clearway Energy (CWEN) Shares Shows StrengthNYSE:CWEN Clearway Energy, Inc. (NYSE:CWEN) owns and operates contracted renewable generation assets in the U.S. as well as conventional generation and thermal infrastructure assets. Shares continued to show strength following the announcement that TotalEnergies (TTE) and Global Infrastructure Partners are partnering to acquire 50% of Clearway, helping to provide a longer runway for growth projects. This was the analysis from ClearBridge Investments, an investment management company. Generally, utilities with clean energy portfolios contributed positively to institutional fund’s performance but fears of recession have had some material impact too. A number of other brokerages have also commented on CWEN. The general consensus rating of CWEN is of Moderate Buy and an average price target of $37.40. Clearway Energy has a 12 month low of $29.61 and a 12 month high of $39.75. The company has a quick ratio of 0.87, a current ratio of 2.18 and a debt-to-equity ratio of 1.58. The company’s fifty day simple moving average is $34.99 and its 200 day simple moving average is $34.18. The firm has a market cap of $7.53 billion, a price-to-earnings ratio of 7.89, a PEG ratio of 3.45 and a beta of 0.64. In terms of its quarterly earnings data released on Thursday, May 5th, the company reported ($0.28) EPS for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.16). Clearway Energy had a negative return on equity of 13.81% and a net margin of 44.04%. The company had revenue of $214.00 million for the quarter, compared to analyst estimates of $244.91 million. As a group, research analysts forecast that Clearway Energy will post 0.82 EPS for the current fiscal year. The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 15th. Stockholders of record on Thursday, September 1st will be given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 3.87%. The ex-dividend date is Wednesday, August 31st. This is an increase from Clearway Energy’s previous quarterly dividend of $0.35. Clearway Energy’s dividend payout ratio (DPR) is 29.87%.
NLong
by Leaninvestment
Breakout trade in CWENClearway Energy (CWEN) is showing all the signs of a pending breakout move higher. The stock has formed a base from November to present with price action compressing and pullbacks getting shallower from left to right - a sign that supply is no longer coming to market as the market works through sell orders in the $37 - $38 range. CWEN is an alternative energy stock, and that sector is currently outperforming 95% of the market (ranked 8/197 in relative strength). This breakout could be part of a larger group move and an underlying theme I am seeing from potential leaders in the next bull market. The stock has formed a pivot over the last week and a half, trading in a tight 4% range. A move outside of this area could lead to a nice move higher as the stock releases its energy from a large base. Consider buying on a breakout above 38.30. And thanks to the tight pivot area, you can place a sell stop order at 36.30 to risk just 5% on the trade.
NLong
by rossgivens
1
Energy imploding, CWEN holding on by a threadHello friends. Energy is imploding exactly as we have forseen. What's interesting though is that CWEN, a renewable energy stock, is not having any of it. Here's what we think will happen. The stock will start to shoot down in wave 3, and get a huge gap down on bad earnings which are on 8/02/22. Then it can continue to roll that downwards momentum into a move all the way down towards the final target around $23. Why would the next earnings be bad? There is a simply answer. Energy has fallen substantially. This means they will earn less money, since all they do is produce energy and then sell it at market rates. We think that energy will continue to crumble, and that this stock, which is very overvalued for the current market at a P/E GAAP (TTM) ratio of 233.63 and with only 7.22% YOY growth to boot, will get beaten down more badly than most. Thanks for playing.
NShort
by bowtrix
Long CWEN (Clearway Energy Class C) NYSEDirection: Long Ticker: CWEN Name: Clearway Energy Class C Exchange: NYSE Explanation: Long CWEN (Clearway Energy Class C) NYSE. Clearway Energy has a yield of 3.8%. This is quite substantial given the global risk free rates (focusing on USA, Japan, UK and Germany.) Additionally, the SP500 has a dividend yield of 1.25%. Clearway Energy operates a renewable energy business in the United States. "As of March 2, 2021, it had approximately 4,200 net megawatts (MW) of installed wind and solar generation projects; and 2,500 net MW of natural gas generation facilities, as well as a portfolio of district energy systems. Its thermal infrastructure assets provide steam, hot water and/or chilled water, and electricity to commercial businesses, universities, hospitals, and governmental units. As of December 31, 2020, the company had 1,394 MW thermal equivalent capacity of steam and chilled water. Clearway Energy, Inc. was incorporated in 2012 and is based in Princeton, New Jersey. Clearway Energy, Inc. operates as a subsidiary of Clearway Energy Group LLC." - Yahoo Finance Long term we see substantial government moves towards renewable energy and away from Fossil Fuel energy. We can see companies such as CVX and XOM serving as competition to CWEN as well as companies the the renewable field as well such as ENPH. Long term I see renewables taking over the fossil fuel industry and instead of XOM and CVX going away, I see them adapting due to their current capital holdings and marketing penetration globally. I see fossil fuel companies trying to squeeze out as much profit as they can from their current business in Oil and Gasoline while aggressively trying to innovate and adapt to renewables. CWEN: 12/25/21 Market Cap: $4.078B Share Price: $35.91 52 Week Range: $24.93 - 39.75 Average Volume: 742,211 Beta (5Y Monthly): 0.71 PE Ratio (TTM): 123.84 EPS (TTM): 0.29 The PE ratio is quite high given the SP500 PE is around 29.77. However, a low beta value on CWEN makes this a safer bet than the market statistically speaking, however this in my opinion will change as renewable energy rollouts continue to develop. Long term, I see CWEN reaching a high market capitalization due to its fundamental position in an emerging field and solid past performance of steady increase in market price. This is not investment advice and all investments come with risk with the potential of unlimited loss in options and loss of capital invested in equities. This is my analysis and is purely for information purposes only. Sincerely, Julian Murtagh-Lux
NLong
by UnknownUnicorn12440439
CLEARWAY ENERGY Operation DailyHey guys, CLEARWAY ENERGY is at an important moment in its history we can witness a new historical high. It is in a bullish dynamic with a large buying volume and a turning point. On the TIMEFRAME M1 we see an upside down hammer candle with a return of purchase volume before large volume passed. It is going to make a trend reversal on its last low point and go to the top of the stabilization zone for the test of it. Great potential to breakout the price at the same time the area to come in the new and make on the next historical high. With a possible test of a stabilization zone before breakout thanks to a buying force, we can try to test the intermediate median of ANDREWS PITCHFORK. Please LIKE & FOLLOW, thank you!
NShort
by stephanelibatd
CWEN short-term: attention to RSI, long-term: absolute goldmine!Hello Traders! Clearway Energy Inc . is a real gem of a long-term investment. It's maintained a moderate uptrend for many months now and has gained even more momentum through the recovery from March and April. The SMAs look absolutely perfect (50 over 100 over 200) and the MACD has decisively crossed over the 9 EMA just a few days ago. The RSI has spiked 2 times into overbought territory and forced the price to break bearishly out of its corridor, but the 50 SMA provided strong support for the price to bounce back from. We only have to keep an eye on the RSI for a short-term trade, as it is relatively close to being overbought and has forced the price down before. For a middle- to long-term investment, on the other hand, this is a goldmine! VF Investment cannot be held responsible for any financial damages suffered from following our well-funded but personal opinions and trading ideas. Please, maintain proper position sizing and risk management!
NLong
by vf_investment