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 increasing.
- The growth rate of the primary trend is 24.69% per annum.
- CWEN price at the close of May 8, 2025 was $28.74 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 4.61% per annum.
- CWEN price at the close of May 8, 2025 was inside the secondary price channel.
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: September 21, 2023
End date: May 8, 2025
a = 2.2815
b = 0.0006
s = 0.0727
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0006) – 1
= 24.69%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0727) – 1
= 33.75%
September 21, 2023 calculations
Top border of price channel:
Exp(Y847)
= Exp(a + b × X847 + 2 × s)
= Exp(a + b × 1,228 + 2 × s)
= Exp(2.2815 + 0.0006 × 1,228 + 2 × 0.0727)
= Exp(3.1691)
= $23.79
Bottom border of price channel:
Exp(Y847)
= Exp(a + b × X847 – 2 × s)
= Exp(a + b × 1,228 – 2 × s)
= Exp(2.2815 + 0.0006 × 1,228 – 2 × 0.0727)
= Exp(2.8783)
= $17.78
May 8, 2025 calculations
Top border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 + 2 × s)
= Exp(a + b × 1,823 + 2 × s)
= Exp(2.2815 + 0.0006 × 1,823 + 2 × 0.0727)
= Exp(3.5288)
= $34.08
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,823 – 2 × s)
= Exp(2.2815 + 0.0006 × 1,823 – 2 × 0.0727)
= Exp(3.2380)
= $25.48
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 24.69% per annum.
- CWEN price at the close of May 8, 2025 was $28.74 and was inside the primary price channel.
Secondary Trend
Start date: August 1, 2024
End date: May 8, 2025
a = 3.1001
b = 0.0001
s = 0.0524
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0001) – 1
= 4.61%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0524) – 1
= 23.34%
August 1, 2024 calculations
Top border of price channel:
Exp(Y1,063)
= Exp(a + b × X1,063 + 2 × s)
= Exp(a + b × 1,543 + 2 × s)
= Exp(3.1001 + 0.0001 × 1,543 + 2 × 0.0524)
= Exp(3.3956)
= $29.83
Bottom border of price channel:
Exp(Y1,063)
= Exp(a + b × X1,063 – 2 × s)
= Exp(a + b × 1,543 – 2 × s)
= Exp(3.1001 + 0.0001 × 1,543 – 2 × 0.0524)
= Exp(3.1858)
= $24.19
May 8, 2025 calculations
Top border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 + 2 × s)
= Exp(a + b × 1,823 + 2 × s)
= Exp(3.1001 + 0.0001 × 1,823 + 2 × 0.0524)
= Exp(3.4302)
= $30.88
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,823 – 2 × s)
= Exp(3.1001 + 0.0001 × 1,823 – 2 × 0.0524)
= Exp(3.2204)
= $25.04
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 4.61% per annum.
- CWEN price at the close of May 8, 2025 was inside the secondary price channel.