Clearway Energy, Inc. (CWEN)
NYSE: CWEN · IEX Real-Time Price · USD
23.36
-0.23 (-0.97%)
Apr 24, 2024, 4:00 PM EDT - Market closed
Clearway Energy Stock Forecast
Stock Price Forecast
The 4 analysts with 12-month price forecasts for Clearway Energy stock have an average target of 29, with a low estimate of 25 and a high estimate of 37. The average target predicts an increase of 24.14% from the current stock price of 23.36.
Analyst Consensus: Buy
* Price targets were last updated on Mar 1, 2024.
Analyst Ratings
The average analyst rating for CWEN stock from 5 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 2 | 2 | 2 | 2 | 2 |
| Buy | 1 | 1 | 1 | 1 | 1 | 1 |
| Hold | 1 | 1 | 1 | 2 | 2 | 2 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 4 | 4 | 4 | 5 | 5 | 5 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Morgan Stanley | Morgan Stanley | Hold Maintains $23 → $25 | Hold | Maintains | $23 → $25 | +7.02% | Mar 1, 2024 |
| RBC Capital | RBC Capital | Hold Maintains $26 → $25 | Hold | Maintains | $26 → $25 | +7.02% | Feb 27, 2024 |
| Oppenheimer | Oppenheimer | Buy Maintains $33 → $37 | Buy | Maintains | $33 → $37 | +58.39% | Jan 19, 2024 |
| Roth MKM | Roth MKM | Strong Buy Maintains $34 → $29 | Strong Buy | Maintains | $34 → $29 | +24.14% | Oct 17, 2023 |
| Oppenheimer | Oppenheimer | Buy Maintains $38 → $34 | Buy | Maintains | $38 → $34 | +45.55% | Oct 12, 2023 |
Financial Forecast
Revenue This Year
1.41B
from 1.31B
Increased by 7.38%
Revenue Next Year
1.47B
from 1.41B
Increased by 4.11%
EPS This Year
1.03
from 0.67
Increased by 53.76%
EPS Next Year
1.25
from 1.03
Increased by 21.76%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 1.6B | 1.6B | 1.6B |
| Avg | 1.4B | 1.5B | 1.5B |
| Low | 1.2B | 1.2B | 1.3B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 19.6% | 15.0% | 11.4% |
| Avg | 7.4% | 4.1% | 2.1% |
| Low | -9.6% | -11.6% | -10.1% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 1.79 | 2.27 | 2.37 |
| Avg | 1.03 | 1.25 | 1.79 |
| Low | 0.60 | 0.69 | 1.44 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 166.4% | 120.2% | 89.2% |
| Avg | 53.8% | 21.8% | 42.5% |
| Low | -10.8% | -33.4% | 14.8% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.