Roth Capital Brokers Lower Earnings Estimates for Clearway Energy, Inc. (NYSE:CWEN)

Clearway Energy, Inc. (NYSE:CWEN) – Stock analysts at Roth Capital lowered their Q3 2024 EPS estimates for Clearway Energy in a research report issued on Thursday, August 1st. Roth Capital analyst J. Clare now expects that the company will earn $0.41 per share for the quarter, down from their previous estimate of $0.49. The consensus estimate for Clearway Energy’s current full-year earnings is $0.74 per share. Roth Capital also issued estimates for Clearway Energy’s Q4 2025 earnings at ($0.08) EPS and FY2026 earnings at $1.24 EPS.

Clearway Energy (NYSE:CWEN) last posted its earnings results on Thursday, August 1st. The company reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.23). The firm had revenue of $366.00 million for the quarter, compared to analysts’ expectations of $424.59 million. Clearway Energy had a net margin of 7.21% and a return on equity of 1.80%. The company’s revenue was down 9.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.33 EPS.

Other research analysts have also issued reports about the company. Roth Mkm reissued a “buy” rating and issued a $32.00 price objective (up from $30.00) on shares of Clearway Energy in a report on Friday, August 2nd. StockNews.com lowered shares of Clearway Energy from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. Evercore ISI upped their price objective on shares of Clearway Energy from $25.00 to $30.00 and gave the company an “outperform” rating in a report on Tuesday, May 14th. Finally, Morgan Stanley raised shares of Clearway Energy from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $25.00 to $36.00 in a report on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company. According to MarketBeat, Clearway Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of $31.17.

Clearway Energy Stock Performance

Shares of CWEN stock opened at $28.56 on Monday. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.46 and a quick ratio of 1.65. The business has a fifty day moving average of $26.14 and a 200 day moving average of $24.51. The firm has a market capitalization of $5.77 billion, a price-to-earnings ratio of 43.27 and a beta of 0.85. Clearway Energy has a 1 year low of $18.59 and a 1 year high of $28.79.

Clearway Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Tuesday, September 3rd will be paid a dividend of $0.417 per share. This is a positive change from Clearway Energy’s previous quarterly dividend of $0.41. This represents a $1.67 annualized dividend and a dividend yield of 5.84%. The ex-dividend date of this dividend is Tuesday, September 3rd. Clearway Energy’s dividend payout ratio is presently 248.49%.

Institutional Investors Weigh In On Clearway Energy

A number of institutional investors have recently added to or reduced their stakes in the stock. Scarborough Advisors LLC purchased a new position in shares of Clearway Energy in the fourth quarter valued at approximately $25,000. Mather Group LLC. acquired a new stake in shares of Clearway Energy in the first quarter valued at approximately $37,000. Abich Financial Wealth Management LLC lifted its position in Clearway Energy by 49.8% during the first quarter. Abich Financial Wealth Management LLC now owns 1,879 shares of the company’s stock worth $43,000 after buying an additional 625 shares in the last quarter. Avalon Trust Co purchased a new position in Clearway Energy during the fourth quarter worth approximately $47,000. Finally, Whittier Trust Co. grew its holdings in Clearway Energy by 33.8% in the 2nd quarter. Whittier Trust Co. now owns 2,027 shares of the company’s stock valued at $50,000 after buying an additional 512 shares in the last quarter. Institutional investors and hedge funds own 38.03% of the company’s stock.

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.