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Are Oils-Energy Stocks Lagging Clearway Energy (CWENA) This Year?
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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? Let's take a closer look at the stock's year-to-date performance to find out.
Clearway Energy is a member of the Oils-Energy sector. This group includes 241 individual stocks and currently holds a Zacks Sector Rank of #12. 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 model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. 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 118.7% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Our latest available data shows that CWENA has returned about 28.6% since the start of the calendar year. At the same time, Oils-Energy stocks have gained an average of 6.3%. This shows that Clearway Energy is outperforming its peers so far this year.
Another Oils-Energy stock, which has outperformed the sector so far this year, is FTC Solar (FTCI - Free Report) . The stock has returned 116.7% year-to-date.
For FTC Solar, the consensus EPS estimate for the current year has increased 9.2% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Clearway Energy belongs to the Alternative Energy - Other industry, which includes 43 individual stocks and currently sits at #158 in the Zacks Industry Rank. Stocks in this group have gained about 38.6% so far this year, so CWENA is slightly underperforming its industry this group in terms of year-to-date returns.
On the other hand, FTC Solar belongs to the Solar industry. This 12-stock industry is currently ranked #37. The industry has moved +41.3% year to date.
Clearway Energy and FTC Solar could continue their solid performance, so investors interested in Oils-Energy stocks should continue to pay close attention to these stocks.
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Are Oils-Energy Stocks Lagging Clearway Energy (CWENA) 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? Let's take a closer look at the stock's year-to-date performance to find out.
Clearway Energy is a member of the Oils-Energy sector. This group includes 241 individual stocks and currently holds a Zacks Sector Rank of #12. 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 model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. 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 118.7% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Our latest available data shows that CWENA has returned about 28.6% since the start of the calendar year. At the same time, Oils-Energy stocks have gained an average of 6.3%. This shows that Clearway Energy is outperforming its peers so far this year.
Another Oils-Energy stock, which has outperformed the sector so far this year, is FTC Solar (FTCI - Free Report) . The stock has returned 116.7% year-to-date.
For FTC Solar, the consensus EPS estimate for the current year has increased 9.2% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Clearway Energy belongs to the Alternative Energy - Other industry, which includes 43 individual stocks and currently sits at #158 in the Zacks Industry Rank. Stocks in this group have gained about 38.6% so far this year, so CWENA is slightly underperforming its industry this group in terms of year-to-date returns.
On the other hand, FTC Solar belongs to the Solar industry. This 12-stock industry is currently ranked #37. The industry has moved +41.3% year to date.
Clearway Energy and FTC Solar could continue their solid performance, so investors interested in Oils-Energy stocks should continue to pay close attention to these stocks.