Clearway Energy Inc (CWEN.A) Shares Gap Down to $25.03 on Nov 12

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Nov 12, 2024

Shares of Clearway Energy Inc (CWEN.A, Financial) fell 4.54% in mid-day trading on Nov 12. The stock reached an intraday low of $25.03, down from its previous close of $26.22. This places CWEN.A 12.82% below its 52-week high of $28.71 and 29.49% above its 52-week low of $19.33. Trading volume was 78,630 shares, 38.7% of the average daily volume of 203,111.

Wall Street Analysts Forecast

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Based on the one-year price targets offered by 10 analysts, the average target price for Clearway Energy Inc (CWEN.A, Financial) is $34.00 with a high estimate of $38.00 and a low estimate of $30.00. The average target implies an upside of 35.84% from the current price of $25.03. More detailed estimate data can be found on the Clearway Energy Inc (CWEN.A) Forecast page.

Based on the consensus recommendation from 11 brokerage firms, Clearway Energy Inc's (CWEN.A, Financial) average brokerage recommendation is currently 1.8, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.

Based on GuruFocus estimates, the estimated GF Value for Clearway Energy Inc (CWEN.A, Financial) in one year is $34.58, suggesting a upside of 38.15% from the current price of $25.03. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Clearway Energy Inc (CWEN.A) Summary page.

This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.