Clearway Energy (CWEN) Rises Higher Than Market: Key Facts

Company Performance - Clearway Energy (CWEN) closed at $28.51, reflecting a +1.53% increase from the previous day, outperforming the S&P 500's daily gain of 0.44% [1] - Over the past month, Clearway Energy shares experienced a loss of 6.68%, underperforming the Oils-Energy sector's gain of 3.62% and the S&P 500's gain of 4.03% [2] Earnings Expectations - Clearway Energy is expected to report an EPS of $0.44, which represents a 41.94% increase from the prior-year quarter, with a projected quarterly revenue of $431.88 million, down 11.14% from the year-ago period [3] - For the entire fiscal year, earnings are projected at $0.72 per share and revenue at $1.45 billion, indicating changes of -4% and +6% respectively from the prior year [4] Analyst Estimates and Rankings - Recent adjustments to analyst estimates for Clearway Energy are crucial as they reflect short-term business trends, with positive revisions indicating a favorable business outlook [4] - The Zacks Rank system currently rates Clearway Energy at 3 (Hold), with a recent downward shift of 12.93% in the consensus EPS estimate over the past month [6] Valuation Metrics - Clearway Energy is trading at a Forward P/E ratio of 38.8, significantly higher than the industry average Forward P/E of 20.16, suggesting a premium valuation [7] - The company has a PEG ratio of 1.24, compared to the Alternative Energy - Other industry's average PEG ratio of 2.43, indicating a more favorable growth expectation relative to its valuation [8] Industry Context - The Alternative Energy - Other industry, part of the Oils-Energy sector, holds a Zacks Industry Rank of 180, placing it in the bottom 28% of over 250 industries, suggesting weaker performance compared to higher-ranked industries [9]