The Relative Strength (RS) Rating for Clearway Energy Cl C entered a new percentile Tuesday, with an increase from 75 to 81.
Hone Your Stock-Picking Skills By Focusing On These Factors
IBD's unique rating identifies market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the trailing 52 weeks compares to all the other stocks in our database.
Decades of market research reveals that the market's biggest winners often have an RS Rating north of 80 in the early stages of their moves.
Clearway Energy Cl C is in a buy zone after climbing above a 31.09 buy point in a consolidation. The proper buying range extends to 5% above the initial entry. Once a stock hits that benchmark, it's best to wait for it to set up another buying opportunity.
Earnings grew 0% last quarter, up from -91% in the prior report. Revenue also increased, from 3% to 13%. Keep an eye out for the company's next round of numbers on or around Aug. 5.
The company earns the No. 7 rank among its peers in the Energy-Alternative/Other industry group. Enlight Renewable Energy, Bloom Energy and Centrus Energy are among the top 5 highly rated stocks within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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