Oppenheimer Remains a Hold on Clearway Energy (CWEN)


In a report released today, Colin Rusch from Oppenheimer maintained a Hold rating on Clearway Energy (CWEN). The company’s shares closed last Thursday at $25.60, close to its 52-week high of $25.83.

According to TipRanks.com, Rusch is a top 100 analyst with an average return of 31.8% and a 58.1% success rate. Rusch covers the Industrial Goods sector, focusing on stocks such as American Superconductor, SolarEdge Technologies, and Westport Fuel Systems.

Currently, the analyst consensus on Clearway Energy is a Hold with an average price target of $26.00.

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Based on Clearway Energy’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $258 million and GAAP net loss of $29 million. In comparison, last year the company earned revenue of $217 million and had a GAAP net loss of $20 million.

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Clearway Energy, Inc. operates as a dividend growth-oriented company. It owns a portfolio of contracted renewable and conventional generation and thermal infrastructure assets. The firm also owns thermal infrastructure assets, which provide steam, hot and chilled water, as well as in some instances electricity to commercial businesses, universities, hospitals and governmental units. NRG Yield operates through the following segments: Conventional Generation, Thermal, Renewable and Corporate. The company was founded on December 20, 2012 and is headquartered in Princeton, NJ.

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