CWEN Stock Summary and Trading Ideas (Clearway Energy Class C | NYSE:CWEN)

Clearway Energy Inc is a publicly-traded energy infrastructure investor with a focus on investments in clean energy and owner of modern, sustainable and long-term contracted assets across North America. The company segments its operations into conventional power generation, renewables and thermal divisions.

Clearway Energy Class C trades on the NYSE stock market under the symbol CWEN.

As of April 23, 2024, CWEN stock price climbed to $23.59 with 850,877 million shares trading.

CWEN has a beta of 0.76, meaning it tends to be less sensitive to market movements. CWEN has a correlation of 0.08 to the broad based SPY ETF.

CWEN has a market cap of $2.76 billion. This is considered a Mid Cap stock.

In the last 3 years, CWEN stock traded as high as $41.79 and as low as $18.59.

The top ETF exchange traded funds that CWEN belongs to (by Net Assets): IJR, VTI, VB, VBR, VXF.

CWEN has underperformed the market in the last year with a return of -20.2%, while the SPY ETF gained +24.3%. In the last 3 month period, CWEN fell short of the market, returning -4.0%, while SPY returned +4.9%. However, in the most recent 2 weeks CWEN has outperformed the stock market by returning -1.3%, while SPY returned -2.5%.

CWEN support price is $22.62 and resistance is $23.50 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that CWEN stock will trade within this expected range on the day.