Why Clearway Energy (CWEN) is a Top Momentum Stock for the Long-Term

Company Overview - Clearway Energy Inc. was founded in 2012 and operates a diversified portfolio of contracted renewable and conventional generation in the United States [11] - The company's primary business strategy focuses on acquisitions and ownership of assets that provide predictable and long-term cash flows to increase cash dividends for its Class A and Class C common stockholders [11] - Clearway Energy's asset portfolio includes over 9 gigawatts (GW) of wind, solar, thermal, and natural gas-fired power generation facilities, as well as district energy systems [11] Investment Ratings - Clearway Energy (CWEN) holds a 2 (Buy) rating on the Zacks Rank, indicating a favorable investment outlook [12] - The company has a VGM Score of A, suggesting strong overall performance across value, growth, and momentum metrics [12] Performance Metrics - CWEN has a Momentum Style Score of B, with shares increasing by 4.8% over the past four weeks [12] - One analyst has revised their earnings estimate higher for fiscal 2024, with the Zacks Consensus Estimate increasing by $0.01 to $0.83 per share [12] - The company boasts an average earnings surprise of 35.8%, indicating strong performance relative to expectations [12] Investment Considerations - With a solid Zacks Rank and top-tier Momentum and VGM Style Scores, Clearway Energy is recommended for investors' consideration [13]