Clearway Energy Stock Falls to $40.18; EPS Forecast Slumps 800%
Clearway Energy closed at $40.18, down 1.18% as it underperformed the S&P 500 and Nasdaq despite a 14.34% one-month gain. Its February 23 EPS is forecast at −$0.21, an 800% year-over-year decline, with revenue projected at $304.8 million, up 19.1%.
1. Stock Price Movement
Clearway Energy closed at $40.18, down 1.18% from the prior session, lagging the S&P 500’s 0.56% gain and the Nasdaq’s 0.78% rise.
2. Monthly Performance
Shares have risen 14.34% over the last month, outpacing the Oils-Energy sector’s 10.77% gain and the S&P 500’s 1.27% loss.
3. Upcoming Earnings Forecast
The company is set to report Q1 earnings on February 23 with EPS projected at −$0.21, an 800% decline year-over-year, and revenue forecast at $304.76 million, up 19.05%.
4. Valuation Metrics and Analyst Rank
Clearway holds a forward P/E of 57.56 versus the industry average of 19.38, a PEG ratio of 1.54 compared to the 1.73 industry average, and carries a Zacks Rank #4 sell rating.