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Clearway Energy (CWEN) Stock Drops Despite Market Gains: Important Facts to Note

By Zacks Equity Research | February 02, 2026, 6:15 PM

Clearway Energy (CWEN) closed the most recent trading day at $35.63, moving -1.44% from the previous trading session. The stock trailed the S&P 500, which registered a daily gain of 0.54%. Elsewhere, the Dow saw an upswing of 1.05%, while the tech-heavy Nasdaq appreciated by 0.56%.

Shares of the company created by NRG Energy to acquire and operate natural gas, solar and wind plants witnessed a gain of 6.45% over the previous month, trailing the performance of the Oils-Energy sector with its gain of 10.35%, and outperforming the S&P 500's gain of 0.74%.

Analysts and investors alike will be keeping a close eye on the performance of Clearway Energy in its upcoming earnings disclosure. The company's earnings report is set to go public on February 23, 2026. The company is forecasted to report an EPS of -$0.21, showcasing a 800% downward movement from the corresponding quarter of the prior year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $304.76 million, up 19.05% from the year-ago period.

For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $2.18 per share and a revenue of $1.42 billion, representing changes of +190.67% and 0%, respectively, from the prior year.

Investors should also pay attention to any latest changes in analyst estimates for Clearway Energy. Such recent modifications usually signify the changing landscape of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.

Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.

The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 3.28% lower. As of now, Clearway Energy holds a Zacks Rank of #3 (Hold).

Digging into valuation, Clearway Energy currently has a Forward P/E ratio of 51.17. This denotes a premium relative to the industry average Forward P/E of 17.98.

Meanwhile, CWEN's PEG ratio is currently 1.37. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. By the end of yesterday's trading, the Alternative Energy - Other industry had an average PEG ratio of 1.5.

The Alternative Energy - Other industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 97, putting it in the top 40% of all 250+ industries.

The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.

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Clearway Energy, Inc. (CWEN): Free Stock Analysis Report

This article originally published on Zacks Investment Research (zacks.com).

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