Clearway Energy (NYSE:CWEN – Get Free Report) was upgraded by equities research analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Monday.
Several other equities research analysts also recently issued reports on the stock. Oppenheimer raised their target price on shares of Clearway Energy from $33.00 to $37.00 and gave the company an “outperform” rating in a research note on Friday, January 19th. Roth Mkm cut their price objective on shares of Clearway Energy from $34.00 to $29.00 and set a “buy” rating for the company in a research report on Tuesday, October 17th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $28.60.
Clearway Energy Stock Performance
Institutional Inflows and Outflows
Several hedge funds have recently made changes to their positions in CWEN. SVB Wealth LLC increased its stake in Clearway Energy by 2.8% in the second quarter. SVB Wealth LLC now owns 9,272 shares of the company’s stock valued at $323,000 after acquiring an additional 256 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its holdings in Clearway Energy by 3.1% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 13,392 shares of the company’s stock valued at $420,000 after buying an additional 400 shares during the period. Commonwealth Equity Services LLC lifted its holdings in Clearway Energy by 4.9% in the third quarter. Commonwealth Equity Services LLC now owns 10,785 shares of the company’s stock valued at $343,000 after buying an additional 508 shares during the period. Raymond James Financial Services Advisors Inc. lifted its holdings in Clearway Energy by 1.1% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 54,140 shares of the company’s stock valued at $1,977,000 after buying an additional 606 shares during the period. Finally, Hilton Capital Management LLC lifted its holdings in Clearway Energy by 7.9% in the second quarter. Hilton Capital Management LLC now owns 10,081 shares of the company’s stock valued at $288,000 after buying an additional 738 shares during the period. 33.94% of the stock is owned by institutional investors.
Clearway Energy Company Profile
Clearway Energy, Inc operates in the renewable energy business in the United States. The company operates through Conventional, Renewables, and Thermal segments. It has approximately 5,500 net megawatts (MW) of installed wind and solar generation projects; and approximately 2,500 net MW of natural gas generation facilities.
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