Clearway Energy, Inc. (NYSE:CWEN) Short Interest Up 8.0% in January

Clearway Energy, Inc. (NYSE:CWEN) was the target of a significant growth in short interest in the month of January. As of January 31st, there was short interest totalling 2,300,000 shares, a growth of 8.0% from the January 15th total of 2,130,000 shares. Approximately 2.8% of the company’s shares are sold short. Based on an average trading volume of 797,100 shares, the days-to-cover ratio is presently 2.9 days.

Clearway Energy Stock Up 0.7 %

CWEN stock traded up $0.18 during trading hours on Tuesday, hitting $26.31. The company’s stock had a trading volume of 76,792 shares, compared to its average volume of 701,051. The company has a quick ratio of 1.49, a current ratio of 1.59 and a debt-to-equity ratio of 1.20. The company has a market capitalization of $5.32 billion, a PE ratio of 25.31, a price-to-earnings-growth ratio of 1.70 and a beta of 0.88. Clearway Energy has a 12 month low of $20.63 and a 12 month high of $30.92. The stock has a 50 day moving average price of $26.11 and a two-hundred day moving average price of $27.59.

Insider Activity

In other Clearway Energy news, Director Brian R. Ford sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $26.74, for a total value of $53,480.00. Following the transaction, the director now owns 8,153 shares in the company, valued at approximately $218,011.22. This represents a 19.70 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.52% of the stock is owned by company insiders.

Institutional Trading of Clearway Energy

Several large investors have recently added to or reduced their stakes in the business. RWC Asset Management LLP boosted its holdings in shares of Clearway Energy by 105.8% during the 4th quarter. RWC Asset Management LLP now owns 1,249,232 shares of the company’s stock worth $32,480,000 after buying an additional 642,322 shares during the period. King Luther Capital Management Corp boosted its holdings in shares of Clearway Energy by 2,840.3% during the 4th quarter. King Luther Capital Management Corp now owns 543,950 shares of the company’s stock worth $14,143,000 after buying an additional 525,450 shares during the period. Voloridge Investment Management LLC boosted its holdings in shares of Clearway Energy by 251.4% during the 4th quarter. Voloridge Investment Management LLC now owns 470,565 shares of the company’s stock worth $12,235,000 after buying an additional 336,668 shares during the period. Jupiter Asset Management Ltd. boosted its holdings in shares of Clearway Energy by 85.8% during the 4th quarter. Jupiter Asset Management Ltd. now owns 535,858 shares of the company’s stock worth $13,932,000 after buying an additional 247,460 shares during the period. Finally, Yaupon Capital Management LP boosted its holdings in shares of Clearway Energy by 209.3% during the 3rd quarter. Yaupon Capital Management LP now owns 325,643 shares of the company’s stock worth $9,991,000 after buying an additional 220,360 shares during the period. 84.53% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have weighed in on CWEN. CIBC upped their price objective on shares of Clearway Energy from $33.00 to $34.00 and gave the company an “outperformer” rating in a research note on Tuesday, October 22nd. StockNews.com upgraded shares of Clearway Energy from a “sell” rating to a “hold” rating in a research note on Wednesday, January 29th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $32.57.

Clearway Energy Company Profile

Clearway Energy, Inc operates in the renewable energy business in the United States. The company operates through Conventional and Renewables segments. It has approximately 6,000 net MW of installed wind, solar, and energy generation projects; and approximately 2,500 net MW of natural gas-fired generation facilities.