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Clearway Energy Inc
Company Overview: Clearway Energy, Inc. (NYSE: CWEN) is a renewable energy company. The Company is an energy infrastructure investor and owner of long-term contracted assets across North America. Its segments include Conventional and Renewables. The Company's businesses are segregated based on conventional power generation, and renewable businesses, which consist of solar and wind.
As per our previous US Dividend Income report published on ‘CWEN’ on 29th February 2024, Kalkine provided an ‘Buy’ stance on the stock at USD 22.1 based on “expected valuation upside, up trending topline financials, attractive valuation, risks associated, positive outlook, and current trading levels” and the stock price has now moved by ~23.03 % since then and has attained resistance 1 and resistance 2.
Noted below are the details of support and resistance levels provided in our previous report:
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Kalkine Equities LLC provides general information about companies and their securities. The information contained in the reports, including any recommendations regarding the value of or transactions in any securities, does not take into account any of your investment objectives, financial situation or needs. Kalkine Equities LLC is not registered as an investment adviser in the U.S. with either the federal or state government. Before you make a decision about whether to invest in any securities, you should take into account your own objectives, financial situation and needs and seek independent financial advice. All information in our reports represents our views as at the date of publication and may change without notice.
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