Clearway Energy (NYSE:CWEN.A) Trading 10% Higher – Still a Buy?

Clearway Energy, Inc. (NYSE:CWEN.AGet Free Report)’s share price traded up 10% during trading on Thursday . The company traded as high as $34.56 and last traded at $36.7370. 193,159 shares changed hands during trading, a decline of 5% from the average session volume of 202,478 shares. The stock had previously closed at $33.40.

Clearway Energy Price Performance

The firm has a 50 day simple moving average of $33.26 and a 200-day simple moving average of $30.94.

About Clearway Energy

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Clearway Energy Inc is a U.S.-based independent power producer that owns, operates and acquires a diversified portfolio of renewable and conventional energy assets. The company focuses on the development, financing, construction and long-term management of utility-scale solar and wind projects, as well as natural gas and thermal generation facilities. Through power purchase agreements (PPAs) and other long-term contracts, Clearway Energy delivers electricity and capacity services to utilities, municipalities and large commercial customers.

The company’s renewables platform includes utility-scale and distributed solar projects alongside onshore wind farms located in key U.S.

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