Clearway Energy Inc Class C (CWEN)
Clearway Energy, Inc., participates in the renewable energy businesses in the United States.
Stock Price Trends
Stock price trends estimated using linear regression.
Key facts
- The primary trend is decreasing.
- The decline rate of the primary trend is 15.16% per annum.
- CWEN price at the close of November 20, 2024 was $27.92 and was higher than the top border of the primary price channel by $3.71 (15.34%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 33.53% per annum.
- CWEN price at the close of November 20, 2024 was inside the secondary price channel.
- The direction of the secondary trend is opposite to the direction of the primary trend. This indicates a possible reversal in the direction of the primary trend.
Linear Regression Model
Model equation:
Yi = α + β × Xi + εi
Top border of price channel:
Exp(Yi) = Exp(a + b × Xi + 2 × s)
Bottom border of price channel:
Exp(Yi) = Exp(a + b × Xi – 2 × s)
where:
i - observation number
Yi - natural logarithm of CWEN price
Xi - time index, 1 day interval
σ - standard deviation of εi
a - estimator of α
b - estimator of β
s - estimator of σ
Exp() - calculates the exponent of e
Primary Trend
Start date: October 25, 2021
End date: May 8, 2024
a = 3.8301
b = -0.0005
s = 0.0896
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0005) – 1
= -15.16%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0896) – 1
= 43.10%
October 25, 2021 calculations
Top border of price channel:
Exp(Y484)
= Exp(a + b × X484 + 2 × s)
= Exp(a + b × 704 + 2 × s)
= Exp(3.8301 + -0.0005 × 704 + 2 × 0.0896)
= Exp(3.6921)
= $40.13
Bottom border of price channel:
Exp(Y484)
= Exp(a + b × X484 – 2 × s)
= Exp(a + b × 704 – 2 × s)
= Exp(3.8301 + -0.0005 × 704 – 2 × 0.0896)
= Exp(3.3337)
= $28.04
May 8, 2024 calculations
Top border of price channel:
Exp(Y1,121)
= Exp(a + b × X1,121 + 2 × s)
= Exp(a + b × 1,630 + 2 × s)
= Exp(3.8301 + -0.0005 × 1,630 + 2 × 0.0896)
= Exp(3.2749)
= $26.44
Bottom border of price channel:
Exp(Y1,121)
= Exp(a + b × X1,121 – 2 × s)
= Exp(a + b × 1,630 – 2 × s)
= Exp(3.8301 + -0.0005 × 1,630 – 2 × 0.0896)
= Exp(2.9165)
= $18.48
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 15.16% per annum.
- CWEN price at the close of November 20, 2024 was $27.92 and was higher than the top border of the primary price channel by $3.71 (15.34%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: September 21, 2023
End date: November 20, 2024
a = 1.9146
b = 0.0008
s = 0.0733
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0008) – 1
= 33.53%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0733) – 1
= 34.09%
September 21, 2023 calculations
Top border of price channel:
Exp(Y963)
= Exp(a + b × X963 + 2 × s)
= Exp(a + b × 1,400 + 2 × s)
= Exp(1.9146 + 0.0008 × 1,400 + 2 × 0.0733)
= Exp(3.1703)
= $23.81
Bottom border of price channel:
Exp(Y963)
= Exp(a + b × X963 – 2 × s)
= Exp(a + b × 1,400 – 2 × s)
= Exp(1.9146 + 0.0008 × 1,400 – 2 × 0.0733)
= Exp(2.8770)
= $17.76
November 20, 2024 calculations
Top border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 + 2 × s)
= Exp(a + b × 1,826 + 2 × s)
= Exp(1.9146 + 0.0008 × 1,826 + 2 × 0.0733)
= Exp(3.5078)
= $33.37
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(1.9146 + 0.0008 × 1,826 – 2 × 0.0733)
= Exp(3.2144)
= $24.89
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 33.53% per annum.
- CWEN price at the close of November 20, 2024 was inside the secondary price channel.