Clearway Energy saw a welcome improvement to its Relative Strength (RS) Rating on Thursday, rising from 67 to 72.

As you try to find the best stocks to buy and watch, be sure to pay attention to relative price strength.

IBD's proprietary RS Rating identifies market leadership by using a 1 (worst) to 99 (best) score that identifies how a stock's price performance over the last 52 weeks compares to the rest of the market.

Over 100 years of market history shows that the stocks that go on to make the biggest gains typically have an RS Rating north of 80 in the early stages of their moves. See if Clearway Energy can continue to rebound and hit that benchmark.

See How IBD Helps You Make More Money In Stocks

Clearway Energy is trying to complete a cup without handle with a 37.33 buy point. See if it can break out in volume at least 40% higher than normal.

While EPS growth decreased in the company's most recently reported quarter from 0% to -15%, revenue grew 16%, up from -8% in the prior report.

The company earns the No. 5 rank among its peers in the Energy-Alternative/Other industry group. Kenon and Green Plains are also among the group's highest-rated stocks.