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Is Clearway Energy (CWENA) Outperforming Other Oils-Energy Stocks This Year?
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The Oils-Energy group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Clearway Energy (CWENA) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Oils-Energy sector should help us answer this question.
Clearway Energy is one of 240 individual stocks in the Oils-Energy sector. Collectively, these companies sit at #9 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. Clearway Energy is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for CWENA's full-year earnings has moved 7.1% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the latest available data, CWENA has gained about 10.2% so far this year. Meanwhile, stocks in the Oils-Energy group have gained about 2.5% on average. As we can see, Clearway Energy is performing better than its sector in the calendar year.
Another stock in the Oils-Energy sector, Galp Energia SGPS SA (GLPEY - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 11.4%.
The consensus estimate for Galp Energia SGPS SA's current year EPS has increased 22.9% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Breaking things down more, Clearway Energy is a member of the Alternative Energy - Other industry, which includes 41 individual companies and currently sits at #166 in the Zacks Industry Rank. This group has gained an average of 28.1% so far this year, so CWENA is slightly underperforming its industry in this area.
Galp Energia SGPS SA, however, belongs to the Oil and Gas - Refining and Marketing industry. Currently, this 13-stock industry is ranked #55. The industry has moved +15% so far this year.
Going forward, investors interested in Oils-Energy stocks should continue to pay close attention to Clearway Energy and Galp Energia SGPS SA as they could maintain their solid performance.
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Is Clearway Energy (CWENA) Outperforming Other Oils-Energy Stocks This Year?
The Oils-Energy group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Clearway Energy (CWENA) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Oils-Energy sector should help us answer this question.
Clearway Energy is one of 240 individual stocks in the Oils-Energy sector. Collectively, these companies sit at #9 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. Clearway Energy is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for CWENA's full-year earnings has moved 7.1% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the latest available data, CWENA has gained about 10.2% so far this year. Meanwhile, stocks in the Oils-Energy group have gained about 2.5% on average. As we can see, Clearway Energy is performing better than its sector in the calendar year.
Another stock in the Oils-Energy sector, Galp Energia SGPS SA (GLPEY - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 11.4%.
The consensus estimate for Galp Energia SGPS SA's current year EPS has increased 22.9% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Breaking things down more, Clearway Energy is a member of the Alternative Energy - Other industry, which includes 41 individual companies and currently sits at #166 in the Zacks Industry Rank. This group has gained an average of 28.1% so far this year, so CWENA is slightly underperforming its industry in this area.
Galp Energia SGPS SA, however, belongs to the Oil and Gas - Refining and Marketing industry. Currently, this 13-stock industry is ranked #55. The industry has moved +15% so far this year.
Going forward, investors interested in Oils-Energy stocks should continue to pay close attention to Clearway Energy and Galp Energia SGPS SA as they could maintain their solid performance.