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.
For growth investors, a company’s financial strength, overall health, and future outlook take precedence, so they’ll want to zero in on the Growth Style Score. This Score examines things like projected and historical earnings, sales, and cash flow to find stocks that will generate sustainable growth over time.
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 Growth Style Score of B and VGM Score of B, and holds a Zacks Rank #2 (Buy) rating. Its bottom-line is projected to rise 23.9% year-over-year for 2024, while Wall Street anticipates its top line to improve by 8.3%.
One analyst revised their earnings estimate higher in the last 60 days for fiscal 2024, while the Zacks Consensus Estimate has increased $0.01 to $0.83 per share. CWEN also boasts an average earnings surprise of 35.8%.
Looking at cash flow, Clearway Energy is expected to report cash flow growth of 209.7% this year; CWEN has generated cash flow growth of 11% over the past three to five years.
Investors should take the time to consider CWEN for their portfolios due to its solid Zacks Rank rating, notable growth metrics, and impressive Growth and VGM Style Scores.
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Clearway Energy, Inc. (CWEN) : Free Stock Analysis Report
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