Clearway Energy (CWEN) Is a Great Choice for 'Trend' Investors, Here's Why

Core Viewpoint - The article emphasizes the importance of identifying and maintaining stock price trends for successful short-term investing, highlighting the utility of a specific screening strategy to find stocks with strong fundamentals and positive price momentum [1][2]. Group 1: Stock Performance - Clearway Energy (CWEN) has shown a solid price increase of 5.2% over the past 12 weeks, indicating investor confidence in its potential upside [4]. - The stock has also increased by 4% over the last four weeks, suggesting that the upward price trend is still intact [5]. - CWEN is currently trading at 93% of its 52-week high-low range, indicating a potential breakout opportunity [6]. Group 2: Fundamental Strength - CWEN holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises, which are critical for near-term price movements [6]. - The stock has an Average Broker Recommendation of 1 (Strong Buy), reflecting high optimism from the brokerage community regarding its near-term price performance [7]. Group 3: Investment Strategy - The "Recent Price Strength" screen is designed to identify stocks with sufficient fundamental strength to sustain their recent uptrends, making it a useful tool for investors [3]. - The article suggests that there are several other stocks that also meet the criteria of the "Recent Price Strength" screen, encouraging investors to explore these options [8].