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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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