It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors.
While you may have an investing style you rely on, finding great stocks is made easier with the Zacks Style Scores. These are complementary indicators that rate stocks based on value, growth, and/or momentum characteristics.
Different than growth or momentum investors, value-focused investors are all about finding good stocks at good prices, and discovering which companies are trading under what their true value is before the broader market catches on. The Value Style Score utilizes ratios like P/E, PEG, Price/Sales, and Price/Cash Flow to help pick out the most attractive and discounted stocks.
Founded in 2012, Clearway Energy Inc., along with its subsidiaries, owns and operates a diversified portfolio of contracted renewable and conventional generation in the United States. The company’s primary business strategy is to focus on acquisitions and ownership of assets that have predictable and long-term cash flows to increase the cash dividends paid to holders of its Class A and Class C common stock over time, without compromising the ongoing stability of the business. Clearway Energy’s asset portfolio includes more than 9 gigawatts (GW) of wind, solar, thermal and natural gas-fired power generation facilities, as well as district energy systems.
CWEN boasts a Value Style Score of B and VGM Score of B, and holds a Zacks Rank #2 (Buy) rating. Shares of Clearway Energy are trading at a forward earnings multiple of 45.5X, as well as a PEG Ratio of 1.7, a Price/Cash Flow ratio of 6.5X, and a Price/Sales ratio of 3.8X.
A company's earnings performance is important for value investors as well. For fiscal 2024, one analyst revised their earnings estimate higher in the last 60 days for CWEN, while the Zacks Consensus Estimate has increased $0.01 to $0.83 per share. CWEN also holds an average earnings surprise of 35.8%.
With strong valuation and earnings metrics, a good Zacks Rank, and top-tier Value and VGM Style Scores, investors should strongly think about adding CWEN to their portfolios.
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Clearway Energy, Inc. (CWEN) : Free Stock Analysis Report
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