Clearway Energy Price To Sales vs. Shares Outstanding
| CWEN-A Stock | USD 27.81 0.05 0.18% |
Clearway Energy Price To Sales Ratio |
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| Current Value | Last Year | Change From Last Year | 10 Year Trend | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Gross Profit Margin | 0.48 | 0.64 |
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| Operating Profit Margin | 0.21 | 0.2002 |
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For Clearway Energy profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Clearway Energy to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Clearway Energy utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Clearway Energy's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Clearway Energy over time as well as its relative position and ranking within its peers.
Clearway |
Clearway Energy Shares Outstanding vs. Price To Sales Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Clearway Energy's current stock value. Our valuation model uses many indicators to compare Clearway Energy value to that of its competitors to determine the firm's financial worth. Clearway Energy is rated third in price to sales category among its peers. It is rated below average in shares outstanding category among its peers creating about 8,100,229 of Shares Outstanding per Price To Sales. At present, Clearway Energy's Price To Sales Ratio is projected to slightly decrease based on the last few years of reporting. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Clearway Energy's earnings, one of the primary drivers of an investment's value.Clearway Shares Outstanding vs. Price To Sales
Price to Sales ratio is typically used for valuing equity relative to its own past performance as well as to performance of other companies or market indexes. In most cases, the lower the ratio, the better it is for investors. However, it is advisable for investors to exercise caution when looking at price-to-sales ratios across different industries.
Clearway Energy |
| = | 4.27 X |
The most critical factor to remember is that the price of equity takes a firm's debt into account, whereas the sales indicators do not consider financial leverage. Generally speaking, Price to Sales ratio shows how much market values every dollar of the company's sales.
Outstanding Shares are shares of common stock of a public company that were purchased by investors after they were authorized and issued by the company to the public. Outstanding Shares are typically reported on fully diluted basis, including exotic instruments such as options, or convertibles bonds.
Clearway Energy |
| = | 34.61 M |
Outstanding shares that are stated on company Balance Sheet are used when calculating many important valuation and performance indicators including Return on Equity, Market Cap, EPS and many others.
Clearway Shares Outstanding Comparison
Clearway Energy is currently under evaluation in shares outstanding category among its peers.
Clearway Energy Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Clearway Energy, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Clearway Energy will eventually generate negative long term returns. The profitability progress is the general direction of Clearway Energy's change in net profit over the period of time. It can combine multiple indicators of Clearway Energy, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
| Last Reported | Projected for Next Year | ||
| Accumulated Other Comprehensive Income | 7 M | 7.3 M | |
| Operating Income | 263 M | 244.3 M | |
| Income Before Tax | -16 M | -15.2 M | |
| Total Other Income Expense Net | -279 M | -265.1 M | |
| Net Loss | -14 M | -13.3 M | |
| Income Tax Expense | -2 M | -1.9 M | |
| Net Income From Continuing Ops | 5 M | 4.8 M | |
| Non Operating Income Net Other | 39.6 M | 28.7 M | |
| Net Income Applicable To Common Shares | 669.3 M | 702.8 M | |
| Net Interest Income | -291 M | -305.6 M | |
| Change To Netincome | -1.1 B | -1.1 B | |
| Net Income Per Share | 0.68 | 0.58 | |
| Income Quality | (50.14) | (47.64) | |
| Net Loss | (4.94) | (4.69) |
Clearway Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Clearway Energy. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Clearway Energy position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Clearway Energy's important profitability drivers and their relationship over time.
Use Clearway Energy in pair-trading
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Clearway Energy position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Clearway Energy will appreciate offsetting losses from the drop in the long position's value.Clearway Energy Pair Trading
Clearway Energy Pair Trading Analysis
The ability to find closely correlated positions to Clearway Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Clearway Energy when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Clearway Energy - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Clearway Energy to buy it.
The correlation of Clearway Energy is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Clearway Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Clearway Energy moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Clearway Energy can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Use Investing Themes to Complement your Clearway Energy position
In addition to having Clearway Energy in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Utilities Thematic Idea Now
Utilities
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Utilities theme has 61 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Utilities Theme or any other thematic opportunities.
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Other Information on Investing in Clearway Stock
To fully project Clearway Energy's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Clearway Energy at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Clearway Energy's income statement, its balance sheet, and the statement of cash flows.