Clearway Energy, Inc. stock trades under the ticker CWEN & has shown recent bullishness that traders & investors should take a closer look at.
CWEN stock closed at $36.03/share on 12/31/2021.
Clearway Energy, Inc. CWEN Stock’s Technicals Broken Down
CWEN Stock Price: $36.03
10 Day Moving Average: $35.50
50 Day Moving Average: $36.10
200 Day Moving Average: $30.21
RSI: 51.6
MACD: -0.153
CWEN stock completed a bullish MACD crossover on 12/31/2021, and has a relatively neutral RSI, signaling more gains to come in the short-term.
With their price ~0.1% from crossing above their 50 Day MA, their price looks set to continue climbing, until it tests its next level of resistance at the $37-price level.
Clearway Energy, Inc. CWEN Stock As A Long-Term Investment
Investors may find CWEN stock’s valuation a bit rich, with a P/E(ttm) of 119.3 & a P/B of 2.31.
Their Quarterly Revenue Growth Y-o-Y is 5.7%.
Investors also may want to take a close look on CWEN’s balance sheet, with Total Cash (mrq) of $189M & $8.3B in Total Debt (mrq).
However, CWEN does offer an annual dividend yield of 3.65%, with a Payout Ratio of 441%.
This is very high, and suggests that when paired with the balance sheet figures that their dividend may not be sustainable for too long, as typically a healthy ratio is less than 50%.
Still, ~94% of their share float is held by institutional investors.
Clearway Energy, Inc. CWEN Stock As A Short-Term Trade Using Options
Traders can use options in order to take advantage of CWEN’s current momentum, while staving off broader market fears around COVID & inflation.
I am looking at the 1/21 expiration dated contracts.
The $30 & $35 calls look appealing, although very illiquid.
The $35 & $40 puts also look appealing, with the $35 puts having the most open interest of all of the mentioned contracts.
Tying It All Together
Overall, there are some interesting opportunities for traders & investors in CWEN stock.
They do offer a nice looking dividend yield, however it is unknown how stable it will be over the years with their payout ratio & balance sheet.
In the near-term, their price looks set to continue to rise with their current momentum.
CWEN stock is worth taking a closer look at.
*** I DO NOT OWN SHARES OF CWEN STOCK ***