In the latest trading session, Clearway Energy (CWEN) closed at $40.43, marking a -1.51% move from the previous day. This change lagged the S&P 500's 0.49% loss on the day. On the other hand, the Dow registered a loss of 0.05%, and the technology-centric Nasdaq decreased by 0.9%.
Heading into today, shares of the company created by NRG Energy to acquire and operate natural gas, solar and wind plants had gained 5.47% over the past month, outpacing the Oils-Energy sector's loss of 4.6% and lagging the S&P 500's gain of 12.8%.
Investors will be eagerly watching for the performance of Clearway Energy in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on May 7, 2026. The company is forecasted to report an EPS of -$0.45, showcasing a 1600% downward movement from the corresponding quarter of the prior year. Meanwhile, the latest consensus estimate predicts the revenue to be $331.48 million, indicating a 11.23% increase compared to the same quarter of the previous year.
For the full year, the Zacks Consensus Estimates project earnings of $0.23 per share and a revenue of $1.67 billion, demonstrating changes of -83.92% and +16.94%, respectively, from the preceding year.
Any recent changes to analyst estimates for Clearway Energy should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 64.22% lower. Clearway Energy currently has a Zacks Rank of #3 (Hold).
From a valuation perspective, Clearway Energy is currently exchanging hands at a Forward P/E ratio of 174.93. This indicates a premium in contrast to its industry's Forward P/E of 17.54.
Meanwhile, CWEN's PEG ratio is currently 15.58. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Alternative Energy - Other industry currently had an average PEG ratio of 2.42 as of yesterday's close.
The Alternative Energy - Other industry is part of the Oils-Energy sector. This industry, currently bearing a Zacks Industry Rank of 71, finds itself in the top 30% echelons of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Clearway Energy, Inc. (CWEN): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).