Clearway Energy Class C (CWEN)

• Market cap: $3.02B
• 1 day: -2.31%
• 5 days: 3.50%
• 1 month: -2.50%
• 3 months: -3.63%
• 6 months: -0.62%
• Year to date: -2.17%
• 1 year: 3.04%
• 5 years: 18.73%
• 10 years: -50.64%
• Sector: Utilities
• Industry: Electric Services

About: 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.

Employees: 61

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

46% more first-time investments, than exits

New positions opened: 54 | Existing positions closed: 37

16% more call options, than puts

Call options by funds: $6.08M | Put options by funds: $5.25M

15% more capital invested

Capital invested by funds: $1.9B [Q2] → $2.19B (+$288M) [Q3]

4% more funds holding

Funds holding: 328 [Q2] → 340 (+12) [Q3]

0% more funds holding in top 10

Funds holding in top 10: 2 [Q2] → 2 (+0) [Q3]

6.65% less ownership

Funds ownership: 93.73% [Q2] → 87.08% (-6.65%) [Q3]

16% less repeat investments, than reductions

Existing positions increased: 110 | Existing positions reduced: 131

Research analyst outlook

1 Wall Street Analyst provided 1 year price targets over the past 3 months

• Low target: $34 32% upside
• Avg. target: $34 32% upside
• High target: $34 32% upside

1 analyst rating

• positive: 1 100%
• neutral: 0 0%
• negative: 0 0%

CIBC

32% upside $34

Outperformer Maintained

22 Oct 2024