CWEN shares closed at $29.95, down 1.12 percent, underperforming the S&P 500's 0.47 percent decline and the Nasdaq's 1.25 percent drop. Over the past month, Clearway Energy has fallen 5.55 percent while the Oils-Energy sector gained 1.58 percent.
Clearway Energy operates a portfolio of natural gas, solar and wind power plants. The company was established by NRG Energy to acquire and manage these energy assets.
Consensus estimates project the company will report earnings of $0.34 per share—an 83 percent year-over-year decline. Revenue is expected to reach $493.43 million, up 15.02 percent from the prior-year quarter. For the full fiscal year, earnings are projected at negative $0.37 per share versus the preceding year, while full-year revenue estimates stand at $1.68 billion, up 17.74 percent.
Clearway Energy holds a Zacks Rank of #3 (Hold), following a 27.15 percent increase in the Zacks Consensus EPS estimate over the last 30 days. The company operates within the Alternative Energy - Other industry, which ranks 91 among over 250 industries—placing it in the top 37 percent.
