Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors use a variety of methods, including tried-and-true valuation metrics, to find these stocks.
Luckily, Zacks has developed its own Style Scores system in an effort to find stocks with specific traits. Value investors will be interested in the system's "Value" category. Stocks with both "A" grades in the Value category and high Zacks Ranks are among the strongest value stocks on the market right now.
One stock to keep an eye on is Clearway Energy (CWENA). CWENA is currently holding a Zacks Rank #2 (Buy) and a Value grade of A. The stock has a Forward P/E ratio of 17.65. This compares to its industry's average Forward P/E of 22.22. Over the last 12 months, CWENA's Forward P/E has been as high as 38.45 and as low as 16.04, with a median of 17.87.
Value investors will likely look at more than just these metrics, but the above data helps show that Clearway Energy is likely undervalued currently. And when considering the strength of its earnings outlook, CWENA sticks out as one of the market's strongest value stocks.
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Should Value Investors Buy Clearway Energy (CWENA) Stock?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors use a variety of methods, including tried-and-true valuation metrics, to find these stocks.
Luckily, Zacks has developed its own Style Scores system in an effort to find stocks with specific traits. Value investors will be interested in the system's "Value" category. Stocks with both "A" grades in the Value category and high Zacks Ranks are among the strongest value stocks on the market right now.
One stock to keep an eye on is Clearway Energy (CWENA). CWENA is currently holding a Zacks Rank #2 (Buy) and a Value grade of A. The stock has a Forward P/E ratio of 17.65. This compares to its industry's average Forward P/E of 22.22. Over the last 12 months, CWENA's Forward P/E has been as high as 38.45 and as low as 16.04, with a median of 17.87.
Value investors will likely look at more than just these metrics, but the above data helps show that Clearway Energy is likely undervalued currently. And when considering the strength of its earnings outlook, CWENA sticks out as one of the market's strongest value stocks.