Clearway Energy (CWEN) Outperforms Broader Market: What You Need to Know

Company Performance - Clearway Energy (CWEN) closed at $32.11, reflecting a +1.49% increase from the previous day, outperforming the S&P 500 which gained 0.8% [1] - The stock has gained 3.03% over the past month, while the Oils-Energy sector increased by 3.8% and the S&P 500 rose by 5.12% during the same period [1] Earnings Expectations - Analysts anticipate Clearway Energy will report an EPS of $0.7, representing a 62.79% increase compared to the same quarter last year [2] - The consensus estimate for quarterly revenue is $445.36 million, up 21.68% from the previous year [2] - For the entire fiscal year, earnings are projected at $1.1 per share and revenue at $1.5 billion, indicating increases of +46.67% and +9.61% respectively from the prior year [3] Analyst Forecasts - Recent revisions to analyst forecasts for Clearway Energy are important as they reflect changing business trends, with positive revisions indicating optimism about the company's outlook [4] - The Zacks Rank system, which incorporates estimate changes, currently rates Clearway Energy as 2 (Buy) [6] Valuation Metrics - Clearway Energy has a Forward P/E ratio of 28.82, which is higher than the industry average of 19.11, suggesting it is trading at a premium [7] - The company has a PEG ratio of 0.75, compared to the industry average PEG ratio of 2.1, indicating a favorable growth expectation relative to its price [8] Industry Context - Clearway Energy operates within the Alternative Energy - Other industry, which is part of the Oils-Energy sector and currently holds a Zacks Industry Rank of 158, placing it in the bottom 36% of over 250 industries [9]