Clearway Energy (CWEN) Hits New 52-Week Low at $13.43

Clearway Energy Inc (NYSE:CWEN) reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $13.43 and last traded at $13.38, with a volume of 4007932 shares trading hands. The stock had previously closed at $14.68.

CWEN has been the subject of a number of analyst reports. Zacks Investment Research downgraded Clearway Energy from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 15th. TheStreet downgraded Clearway Energy from a “b-” rating to a “c” rating in a report on Friday, December 7th. ValuEngine downgraded Clearway Energy from a “hold” rating to a “sell” rating in a report on Tuesday, January 15th. Finally, Guggenheim downgraded Clearway Energy from a “buy” rating to a “neutral” rating in a report on Monday, January 7th.

The company has a debt-to-equity ratio of 2.07, a current ratio of 0.56 and a quick ratio of 0.52. The firm has a market capitalization of $2.84 billion, a P/E ratio of 16.54, a P/E/G ratio of 0.34 and a beta of 1.23.

In related news, major shareholder Infrastructure Investor Global purchased 132,612 shares of the company’s stock in a transaction dated Thursday, December 27th. The shares were acquired at an average cost of $16.59 per share, for a total transaction of $2,200,033.08. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.24% of the company’s stock.

Several institutional investors have recently made changes to their positions in the company. FMR LLC acquired a new stake in Clearway Energy in the 3rd quarter valued at approximately $83,475,000. Beach Investment Counsel Inc. PA acquired a new stake in Clearway Energy in the 3rd quarter valued at approximately $22,539,000. Reaves W H & Co. Inc. increased its position in Clearway Energy by 427.7% in the 4th quarter. Reaves W H & Co. Inc. now owns 1,007,419 shares of the company’s stock valued at $17,378,000 after acquiring an additional 816,500 shares during the period. Verition Fund Management LLC acquired a new stake in Clearway Energy in the 3rd quarter valued at approximately $7,077,000. Finally, Mcclain Value Management LLC acquired a new stake in Clearway Energy in the 3rd quarter valued at approximately $5,710,000. Institutional investors and hedge funds own 29.72% of the company’s stock.

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Clearway Energy Company Profile (NYSE:CWEN)

Clearway Energy, Inc, through its subsidiaries, acquires, owns, and operates contracted renewable and conventional generation, and thermal infrastructure assets in the United States. As of December 31, 2017, it had contracted renewable and conventional generation portfolio of 5,118 net megawatt (MW).

See Also: Capital Gains

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