Stock Price Trends

Clearway Energy Inc (CWEN.A)

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 25.58% per annum.
  • CWEN.A price at the close of May 8, 2025 was $27.00 and was inside the primary price channel.
  • The secondary trend is increasing.
  • The growth rate of the secondary trend is 7.19% per annum.
  • CWEN.A 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.A 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 = 2.1798

b = 0.0006

s = 0.0700

Annual growth rate:

Exp(365 × b) – 1
= Exp(365 × 0.0006) – 1
= 25.58%

Price channel spread:

Exp(4 × s) – 1
= Exp(4 × 0.0700) – 1
= 32.31%

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(2.1798 + 0.0006 × 1,228 + 2 × 0.0700)
= Exp(3.0861)
= $21.89

Bottom border of price channel:

Exp(Y847)
= Exp(a + b × X847 – 2 × s)
= Exp(a + b × 1,228 – 2 × s)
= Exp(2.1798 + 0.0006 × 1,228 – 2 × 0.0700)
= Exp(2.8062)
= $16.55

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(2.1798 + 0.0006 × 1,823 + 2 × 0.0700)
= Exp(3.4575)
= $31.74

Bottom border of price channel:

Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,823 – 2 × s)
= Exp(2.1798 + 0.0006 × 1,823 – 2 × 0.0700)
= Exp(3.1775)
= $23.99

Description

  • The primary trend is increasing.
  • The growth rate of the primary trend is 25.58% per annum.
  • CWEN.A price at the close of May 8, 2025 was $27.00 and was inside the primary price channel.

Secondary Trend

Start date: August 1, 2024
End date: May 8, 2025

a = 2.9213

b = 0.0002

s = 0.0498

Annual growth rate:

Exp(365 × b) – 1
= Exp(365 × 0.0002) – 1
= 7.19%

Price channel spread:

Exp(4 × s) – 1
= Exp(4 × 0.0498) – 1
= 22.05%

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(2.9213 + 0.0002 × 1,543 + 2 × 0.0498)
= Exp(3.3143)
= $27.50

Bottom border of price channel:

Exp(Y1,063)
= Exp(a + b × X1,063 – 2 × s)
= Exp(a + b × 1,543 – 2 × s)
= Exp(2.9213 + 0.0002 × 1,543 – 2 × 0.0498)
= Exp(3.1150)
= $22.53

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(2.9213 + 0.0002 × 1,823 + 2 × 0.0498)
= Exp(3.3675)
= $29.01

Bottom border of price channel:

Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,823 – 2 × s)
= Exp(2.9213 + 0.0002 × 1,823 – 2 × 0.0498)
= Exp(3.1683)
= $23.77

Description

  • The secondary trend is increasing.
  • The growth rate of the secondary trend is 7.19% per annum.
  • CWEN.A price at the close of May 8, 2025 was inside the secondary price channel.