Clearway Energy Inc. (NYSE: CWEN) is unique in the alternative energy stock market. It’s a dividend-focused company that owns a portfolio of assets based on renewable and conventional power generation. It also owns assets for thermal infrastructure, including steam and hot water assets.
The company has a small market capitalization of $2.47 billion, but interest has been growing over the last year. This stock has almost doubled in price over the last 52 weeks, putting it beyond the radar of many alternative investors today.
So why should investors consider this stock that is beyond the bargain sweet spot of $10? It’s all in the dividend…
Clearway has generated strong revenue growth over the last five fiscal years, from $589 million in 2014, up to $1.12 billion in annual revenue at the end of 2018. This strong growth, along with a gross profit margin of 34.73% could help to protect the dividend moving forward. The dividend currently creates a yield of 3.67%, making it attractive for budget-minded investors who want a stock that can provide stable returns.
Even beyond the dividend, Clearway has potential to grow, especially when considering that alternative energy sources are expected to provide the majority of the world’s electricity within the next 50 years. With all things considered, this stock is still a ‘bargain’ at its price today, and every alternative investor should take a closer look in February.
- 1 Year Price Growth: 46%
- YTD Price Growth: 12%
- 3 Month Price Growth: 56%
All information is based on current and historical market data, as well as publicly available financial data. As with any financial decision, your own research is important. Stock market outcomes can never be 100% accurately predicted. Familiarity with historical data, individual industries, and individual stocks is key to developing a robust portfolio. Note that stock prices can fluctuate rapidly during trading sessions.