In a filing, Clearway Energy Inc revealed its Director TotalEnergies SE acquired Company’s shares for reported $4.5 million on Mar 28 ’24. In the deal valued at $22.86 per share,196,964 shares were bought. As a result of this transaction, TotalEnergies SE now holds 295,235 shares worth roughly $7.06 million.
Then, Global Infrastructure Investor bought 196,964 shares, generating $4,502,833 in total proceeds. Upon buying the shares at $22.86, the Director now owns 295,235 shares.
Before that, Sotos Christopher S bought 4,000 shares. Clearway Energy Inc shares valued at $94,720 were divested by the PRESIDENT AND CEO at a price of $23.68 per share. As a result of the transaction, Sotos Christopher S now holds 31,100 shares, worth roughly $0.74 million.
BofA Securities upgraded its Clearway Energy Inc [CWEN] rating to a Buy from a a Neutral in a research note published on October 06, 2023; the price target was decreased to $27 from $29. A number of analysts have revised their coverage, including BofA Securities’s analysts, who decreased its forecast for the stock in mid September from “a Buy” to “a Neutral”. CIBC began covering CWEN with “Neutral” recommendation on June 10, 2022. Oppenheimer revised its rating on November 05, 2021. It rated CWEN as “an Outperform” which previously was an “a Perform”.
Price Performance Review of CWEN
On Monday, Clearway Energy Inc [NYSE:CWEN] saw its stock jump 1.83% to $23.90. Over the last five days, the stock has gained 3.60%. Clearway Energy Inc shares have fallen nearly -12.87% since the year began. Nevertheless, the stocks have fallen -25.13% over the past one year. While a 52-week high of $32.24 was reached on 01/02/24, a 52-week low of $18.59 was recorded on 03/14/24. SMA at 50 days reached $22.73, while 200 days put it at $24.23. A total of 0.98 million shares were traded, compared to the trading of 0.69 million shares in the previous session.
Levels Of Support And Resistance For CWEN Stock
The 24-hour chart illustrates a support level at 23.58, which if violated will result in even more drops to 23.25. On the upside, there is a resistance level at 24.16. A further resistance level may holdings at 24.41. The Relative Strength Index (RSI) on the 14-day chart is 67.33, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.15, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 5.90%. Stochastics %K at 86.75% indicates the stock is a selling.
How much short interest is there in Clearway Energy Inc?
A steep rise in short interest was recorded in Clearway Energy Inc stocks on Mar 15, 2024, dropping by -0.32 million shares to a total of 2.22 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 2.54 million shares. There was a decline of -14.41%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 3.85% of the overall stock float, the days-to-cover ratio (short ratio) fell to 2.39.
