In This Article:
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.
Many investors also have a go-to methodology that helps guide their buy and sell decisions. One way to find winning stocks based on your preferred way of investing is to use the Zacks Style Scores, which are indicators that rate stocks based on three widely-followed investing types: value, growth, and momentum.
Why Investors Should Pay Attention to This Value Stock
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.
Clearway Energy (CWEN)
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 45.2X, as well as a PEG Ratio of 1.7, a Price/Cash Flow ratio of 6.4X, and a Price/Sales ratio of 3.7X.
Many value investors pay close attention to a company's earnings as well. For CWEN, one analyst revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.01 to $0.82 per share for 2024. Per share CWEN boasts an average earnings surprise of 35.8%.
Investors should take the time to consider CWEN for their portfolios due to its solid Zacks Ranks, notable earnings and valuation metrics, and impressive Value and VGM Style Scores.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Clearway Energy, Inc. (CWEN) : Free Stock Analysis Report