Bears are Losing Control Over Clearway Energy (CWENA), Here's Why It's a 'Buy' Now

Core Viewpoint - Clearway Energy (CWENA) has experienced a bearish trend recently, losing 9% over the past two weeks, but a hammer chart pattern suggests a potential trend reversal as buying interest may be increasing [1][2]. Technical Analysis - The hammer chart pattern indicates a potential bottom in the stock price, suggesting that selling pressure may be exhausting and that bulls could be gaining control [2][5]. - A hammer pattern forms when there is a small candle body with a long lower wick, typically occurring during a downtrend, signaling a possible reversal if it appears at the bottom of the trend [4][5]. Fundamental Analysis - Recent upward revisions in earnings estimates for CWENA serve as a bullish indicator, correlating strongly with near-term stock price movements [7]. - Over the last 30 days, the consensus EPS estimate for the current year has increased by 7.1%, indicating that analysts expect better earnings than previously predicted [8]. - CWENA holds a Zacks Rank of 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks, which typically outperform the market [9][10].