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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.
Achieving those goals is made easier with the Zacks Style Scores, a unique set of guidelines that rates stocks based on popular investing methodologies, namely value, growth, and momentum. The Style Scores can help you narrow down which stocks are better for your portfolio and which ones can beat the market over the long-term.
Why Investors Should Pay Attention to This Value Stock
Value investors love finding good stocks at good prices, especially before the broader market catches on to a stock's true value. Utilizing ratios like P/E, PEG, Price/Sales, and Price/Cash Flow, the Value Style Score identifies the most attractive and most 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 sits at a Zacks Rank #2 (Buy), holds a Value Style Score of A, and has a VGM Score of A. Compared to the Alternative Energy - Other industry's P/E of 24.5X, shares of Clearway Energy are trading at a forward P/E of 31.8X. CWEN also has a PEG Ratio of 1.2, a Price/Cash Flow ratio of 6.6X, and a Price/Sales ratio of 3.9X.
Value investors don't just pay attention to a company's valuation ratios; positive earnings play a crucial role, too. One analyst revised their earnings estimate upwards in the last 60 days for fiscal 2024. The Zacks Consensus Estimate has increased $0.01 to $0.82 per share. CWEN has 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.
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Clearway Energy, Inc. (CWEN) : Free Stock Analysis Report