Group 1: Company Performance - Clearway Energy (CWEN) closed at $27.05, reflecting a +1.24% change, outperforming the S&P 500's loss of 0.43% on the same day [1] - The stock has increased by 8.49% over the past month, contrasting with the Oils-Energy sector's decline of 3.14% and the S&P 500's gain of 2.6% [1] Group 2: Upcoming Earnings - Clearway Energy's earnings report is anticipated on February 24, 2025, with an expected EPS of $0.13, representing a 59.38% decrease from the same quarter last year [2] - Revenue is forecasted to be $308.01 million, indicating a 23.7% increase compared to the previous year [2] Group 3: Analyst Estimates - Recent changes in analyst estimates for Clearway Energy suggest positive revisions, which are often indicative of a favorable business outlook [3] - The Zacks Consensus EPS estimate has increased by 2.09% over the past month, and Clearway Energy currently holds a Zacks Rank of 2 (Buy) [5] Group 4: Valuation Metrics - Clearway Energy has a Forward P/E ratio of 46.88, significantly higher than the industry average of 20.04, indicating it is trading at a premium [6] - The company has a PEG ratio of 1.73, compared to the industry average of 2.53, suggesting a more favorable growth outlook relative to its valuation [7] Group 5: Industry Context - The Alternative Energy - Other industry, part of the Oils-Energy sector, holds a Zacks Industry Rank of 80, placing it in the top 32% of over 250 industries [8] - Research indicates that industries in the top 50% of the Zacks Rank tend to outperform those in the bottom half by a factor of 2 to 1 [8]
Clearway Energy (CWEN) Ascends While Market Falls: Some Facts to Note