Here's Why Clearway Energy (CWEN) Fell More Than Broader Market

Core Viewpoint - Clearway Energy's stock has underperformed compared to the broader market and the Oils-Energy sector, with a notable decline over the past month [1] Financial Performance - Clearway Energy's upcoming earnings per share (EPS) is projected at $0.53, representing a 70.97% increase year-over-year [2] - Quarterly revenue is expected to be $443 million, reflecting an 8.85% decrease from the same period last year [2] - For the entire fiscal year, earnings are estimated at $0.8 per share and revenue at $1.44 billion, indicating increases of 6.67% and 4.88% respectively from the previous year [3] Analyst Estimates - Recent adjustments to analyst estimates for Clearway Energy indicate short-term business trends, with positive revisions suggesting optimism about profitability [3] - The Zacks Consensus EPS estimate has decreased by 9.1% over the past month, and Clearway Energy currently holds a Zacks Rank of 3 (Hold) [5] Valuation Metrics - Clearway Energy is trading at a Forward P/E ratio of 35.82, which is a premium compared to the industry average of 20.02 [6] - The company has a PEG ratio of 1.15, which is lower than the industry average PEG ratio of 2.43 [6] Industry Context - Clearway Energy operates within the Alternative Energy - Other industry, which is ranked 182 out of over 250 industries, placing it in the bottom 27% [7] - The Zacks Industry Rank indicates that the top 50% of rated industries outperform the bottom half by a factor of 2 to 1 [7]