Clearway Energy (CWEN) to Release Quarterly Earnings on Thursday

Clearway Energy (NYSE:CWEN) is set to issue its quarterly earnings data before the market opens on Thursday, August 1st. Analysts expect the company to announce earnings of $0.66 per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

Clearway Energy (NYSE:CWEN) last released its earnings results on Thursday, May 9th. The company reported ($0.02) earnings per share for the quarter, topping the consensus estimate of ($0.27) by $0.25. The business had revenue of $263.00 million during the quarter, compared to the consensus estimate of $286.26 million. Clearway Energy had a return on equity of 1.67% and a net margin of 5.97%. The firm’s revenue for the quarter was down 8.7% on a year-over-year basis. On average, analysts expect Clearway Energy to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Clearway Energy Stock Performance

CWEN stock opened at $26.32 on Wednesday. Clearway Energy has a 12 month low of $18.59 and a 12 month high of $28.71. The firm’s 50-day moving average is $26.05 and its 200 day moving average is $24.42. The company has a market capitalization of $5.32 billion, a PE ratio of 39.88 and a beta of 0.86. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.71 and a quick ratio of 1.65.

Clearway Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Monday, June 3rd were given a dividend of $0.41 per share. The ex-dividend date was Monday, June 3rd. This is a positive change from Clearway Energy’s previous quarterly dividend of $0.40. This represents a $1.64 dividend on an annualized basis and a dividend yield of 6.23%. Clearway Energy’s dividend payout ratio (DPR) is 248.49%.

Analyst Upgrades and Downgrades

Several research firms have commented on CWEN. StockNews.com upgraded Clearway Energy from a “sell” rating to a “hold” rating in a report on Wednesday, May 15th. Roth Mkm increased their target price on shares of Clearway Energy from $29.00 to $30.00 and gave the stock a “buy” rating in a report on Monday, May 13th. Finally, Evercore ISI boosted their price target 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. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $29.00.

Clearway Energy Company Profile

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.