Clearway Energy (NYSE:CWEN.A) Trading Up 1.3% – Time to Buy?

Clearway Energy, Inc. (NYSE:CWEN.A)’s stock price was up 1.3% during mid-day trading on Tuesday . The company traded as high as $40.1950 and last traded at $40.13. Approximately 136,261 shares were traded during mid-day trading, a decline of 33% from the average daily volume of 202,478 shares. The stock had previously closed at $39.61.

Wall Street Analysts Forecast Growth

Separately, UBS Group upped their target price on Clearway Energy from $39.00 to $44.00 and gave the company a “buy” rating in a research report on Tuesday, March 24th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, Clearway Energy presently has an average rating of “Buy” and an average price target of $44.00.

Clearway Energy Stock Up 1.3%

The firm’s 50 day simple moving average is $37.68 and its two-hundred day simple moving average is $33.68.

Clearway Energy Company Profile

Clearway Energy Inc is a U.S.-based independent power producer that owns, operates and acquires a diversified portfolio of renewable and conventional energy assets. The company focuses on the development, financing, construction and long-term management of utility-scale solar and wind projects, as well as natural gas and thermal generation facilities. Through power purchase agreements (PPAs) and other long-term contracts, Clearway Energy delivers electricity and capacity services to utilities, municipalities and large commercial customers.

The company’s renewables platform includes utility-scale and distributed solar projects alongside onshore wind farms located in key U.S.