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A Guide To The Risks Of Investing In Clearway Energy Inc (CWEN)

Clearway Energy Inc’s filing revealed that 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 $7.94 million.

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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 $0.84 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 fall -0.63% to $26.89. Over the last five days, the stock has gained 8.69%. Clearway Energy Inc shares have fallen nearly -1.97% since the year began. Nevertheless, the stocks have fallen -12.44% over the past one year. While a 52-week high of $31.72 was reached on 01/02/24, a 52-week low of $18.59 was recorded on 03/14/24. SMA at 50 days reached $22.96, while 200 days put it at $23.72. A total of 1.11 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 26.77, which if violated will result in even more drops to 26.65. On the upside, there is a resistance level at 27.12. A further resistance level may holdings at 27.35. The Relative Strength Index (RSI) on the 14-day chart is 77.44, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.33, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 7.49%. Stochastics %K at 96.03% indicates the stock is a selling.

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