China smartphone shipments slumped in June on inventory overhang: Jefferies
Clearway Energy (NYSE:CWENa) Inc Class C stock reached a 52-week high, hitting $32.64. This milestone comes amid an impressive 39.14% one-year total return and robust YTD gains of 26.69%. According to InvestingPro analysis, the stock appears fairly valued, with analyst price targets ranging from $34 to $39. The stock’s performance highlights its resilience and potential for growth within the energy sector, with a market capitalization of $6.59 billion and an attractive dividend yield of 5.49%. The company has maintained a five-year consecutive dividend growth streak, demonstrating its commitment to shareholder returns. This 52-week high underscores the company’s robust market position and the increasing demand for sustainable energy solutions. For deeper insights into Clearway Energy’s fundamentals and growth prospects, discover 8 additional exclusive tips on InvestingPro.
In other recent news, Clearway Energy Inc. reported its first-quarter 2025 earnings, showcasing a significant earnings per share (EPS) of $0.03, which outperformed the anticipated loss of $0.28. However, the company’s revenue did not meet expectations, reaching $298 million compared to the forecasted $305.74 million. Despite the revenue shortfall, Clearway Energy remains optimistic about its 2025 financial outlook, with a focus on renewable energy growth and strategic initiatives. The company continues to advance its battery storage and repowering projects, which are expected to contribute to its long-term growth. Analysts have not provided any recent upgrades or downgrades, but Clearway (NYSE:CWEN)’s strategic direction is noted by firms such as Jefferies and Roth Capital Partners (WA:CPAP). Additionally, Clearway Energy has made progress in mergers and acquisitions, closing the Tuolumne Wind acquisition and signing a binding agreement to acquire an operational solar project in California. These recent developments highlight Clearway Energy’s proactive measures in navigating the renewable energy sector’s challenges and opportunities.
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