We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Is Clearway Energy (CWENA) Stock Outpacing Its Oils-Energy Peers This Year?
Read MoreHide Full Article
Investors interested in Oils-Energy stocks should always be looking to find the best-performing companies in the group. Is Clearway Energy (CWENA) one of those stocks right now? 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 a member of our Oils-Energy group, which includes 244 different companies and currently sits at #10 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. Clearway Energy is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for CWENA's full-year earnings has moved 56% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the latest available data, CWENA has gained about 25.5% so far this year. In comparison, Oils-Energy companies have returned an average of 9.6%. This means that Clearway Energy is outperforming the sector as a whole this year.
Another Oils-Energy stock, which has outperformed the sector so far this year, is Hallador Energy (HNRG - Free Report) . The stock has returned 92.4% year-to-date.
Over the past three months, Hallador Energy's consensus EPS estimate for the current year has increased 71.1%. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, Clearway Energy belongs to the Alternative Energy - Other industry, a group that includes 44 individual stocks and currently sits at #146 in the Zacks Industry Rank. On average, this group has gained an average of 46.5% so far this year, meaning that CWENA is slightly underperforming its industry in terms of year-to-date returns. Hallador Energy is also part of the same industry.
Going forward, investors interested in Oils-Energy stocks should continue to pay close attention to Clearway Energy and Hallador Energy as they could maintain their solid performance.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Is Clearway Energy (CWENA) Stock Outpacing Its Oils-Energy Peers This Year?
Investors interested in Oils-Energy stocks should always be looking to find the best-performing companies in the group. Is Clearway Energy (CWENA) one of those stocks right now? 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 a member of our Oils-Energy group, which includes 244 different companies and currently sits at #10 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. Clearway Energy is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for CWENA's full-year earnings has moved 56% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the latest available data, CWENA has gained about 25.5% so far this year. In comparison, Oils-Energy companies have returned an average of 9.6%. This means that Clearway Energy is outperforming the sector as a whole this year.
Another Oils-Energy stock, which has outperformed the sector so far this year, is Hallador Energy (HNRG - Free Report) . The stock has returned 92.4% year-to-date.
Over the past three months, Hallador Energy's consensus EPS estimate for the current year has increased 71.1%. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, Clearway Energy belongs to the Alternative Energy - Other industry, a group that includes 44 individual stocks and currently sits at #146 in the Zacks Industry Rank. On average, this group has gained an average of 46.5% so far this year, meaning that CWENA is slightly underperforming its industry in terms of year-to-date returns. Hallador Energy is also part of the same industry.
Going forward, investors interested in Oils-Energy stocks should continue to pay close attention to Clearway Energy and Hallador Energy as they could maintain their solid performance.