Clearway Energy Inc’s filing revealed that its Director ONEAL E STANLEY acquired Company’s shares for reported $85045.0 on Aug 09 ’24. In the deal valued at $28.35 per share,3,000 shares were bought. As a result of this transaction, ONEAL E STANLEY now holds 67,842 shares worth roughly $2.01 million.
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Then, TotalEnergies SE 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, Global Infrastructure Investor bought 196,964 shares. Clearway Energy Inc shares valued at $4,502,833 were divested by the Director at a price of $22.86 per share. As a result of the transaction, Global Infrastructure Investor now holds 295,235 shares, worth roughly $8.74 million.
Jefferies initiated its Clearway Energy Inc [CWEN] rating to a Buy in a research note published on September 20, 2024; the price target was $35. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who increased its forecast for the stock in late July from “an Equal-weight” to “an Overweight”. BofA Securities also remained covering CWEN and has increased its forecast on October 06, 2023 with a “Buy” recommendation from previously “Neutral” rating. BofA Securities revised its rating on September 19, 2022. It rated CWEN as “a Neutral” which previously was an “a Buy”.
Price Performance Review of CWEN
On Friday, Clearway Energy Inc [NYSE:CWEN] saw its stock jump 1.82% to $29.60. Over the last five days, the stock has gained 1.51%. Clearway Energy Inc shares have risen nearly 7.91% since the year began. Nevertheless, the stocks have risen 19.07% over the past one year. While a 52-week high of $29.94 was reached on 09/18/24, a 52-week low of $18.59 was recorded on 03/14/24. SMA at 50 days reached $27.81, while 200 days put it at $25.43.
Levels Of Support And Resistance For CWEN Stock
The 24-hour chart illustrates a support level at 29.25, which if violated will result in even more drops to 28.89. On the upside, there is a resistance level at 29.79. A further resistance level may holdings at 29.98. The Relative Strength Index (RSI) on the 14-day chart is 63.40, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.82, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 11.56%. Stochastics %K at 79.02% indicates the stock is a holding.
How much short interest is there in Clearway Energy Inc?
A steep rise in short interest was recorded in Clearway Energy Inc stocks on 2024-08-30, dropping by -0.89 million shares to a total of 2.15 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 3.04 million shares. There was a decline of -41.15%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on June 10, 2022 when CIBC began covering the stock and recommended ‘”a Neutral”‘ rating along with a $36 price target.
