Clearway Energy C (CWEN) Soars 2.29% on Positive Earnings Outlook

Clearway Energy C (CWEN) shares surged 2.29% today, marking the third consecutive day of gains and a 4.00% increase over the past three days. The stock price reached its highest level since April 2023, with an intraday gain of 2.45%.

The strategy of buying CWEN shares after they reached a recent high and holding for 1 week showed poor performance over the past 5 years. The annualized return was -3.4%, significantly underperforming the market. This indicates that relying on recent highs and short-term holding periods may not be an effective strategy for CWEN or similar stocks.

Clearway Energy has seen a positive shift in its stock price, rising 4.8% since its last earnings report released 12 days ago. This upward trend has been driven by analysts' optimistic expectations for the company's future performance. The average twelve-month price target set by analysts is $35.50, with a high target of $38.00, reflecting strong confidence in the stock's potential growth. This optimism is further bolstered by Clearway Energy's visible growth prospects, which are expected to continue through at least 2027. The company's strategic initiatives and strong financial performance have contributed to this positive outlook, making it an attractive option for investors seeking long-term growth opportunities.