Stock Price Prediction

Analysis and Insights

Technical Analysis:

CWEN's stock price has shown recent volatility, with a current price of $29.72 as of 2025-03-17. The stock is trading near its Fibonacci resistance levels, with R1 at $29.67 and R2 at $30.53. Support levels are at $26.87 (S1) and $26.01 (S2). The Relative Strength Index (RSI) is at 72.27, indicating overbought conditions, which may signal a potential pullback.

News and Fundamental Analysis:

1. Dividend Yield: CWEN recently broke above a 6% yield territory, which could attract income-focused investors. However, dividend predictability remains uncertain due to fluctuating profitability.

2. Earnings Outlook: The upcoming earnings report is expected to show a significant drop in EPS to -$0.38, despite a 20.34% revenue increase. This has led to a Hold rating from Zacks, with a consensus target price of $35.00.

3. Analyst Sentiment: Morgan Stanley maintains a Buy rating with a $39.00 target, but recent insider selling activity, including a notable sale by Director Brian Ford, indicates negative sentiment.

Conclusion:

Based on the overbought RSI and potential earnings disappointment, CWEN is likely to face selling pressure in the next trading week. The stock is expected to drop to $26.50.

Recommendation: Sell CWEN next week, targeting the $26.50 support level.