Clearway Energy Inc. Class C (NYSE:CWEN) traded at a new 52-week high today of $41.72. So far today approximately 258,000 shares have been exchanged, as compared to an average 30-day volume of 671,000 shares.
Clearway Energy Inc is an electric utility company that owns, operates, and acquires contracted renewable and conventional energy generation and thermal infrastructure assets across the U.S. The company segments its operations into conventional power generation, renewables and thermal divisions. Together, these groups control a portfolio of natural gas, oil, solar, and wind-fueled power-producing facilities. most of the energy produced by the NRG Yield can be derived from its renewable assets. Almost all of the revenue generated by the company comes from selling energy and capacity under long-term, fixed-price agreements to local utilities. NRG Yield’s conventional generation, renewables, and thermal business segments each contribute significantly to the firm’s total income.
Based on a current price of $41.59, Clearway Energy Inc. Class C is currently 91.0% above its average consensus analyst price target of $3.74.
Over the past year, Clearway Energy Inc. Class C has traded in a range of $29.61 to $41.72 and is now at $41.59, 40% above that low.
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