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 decreasing.
- The decline rate of the primary trend is 14.07% per annum.
- CWEN.A price at the close of July 26, 2024 was $24.38 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 84.75% per annum.
- CWEN.A price at the close of July 26, 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.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: October 25, 2021
End date: May 8, 2024
a = 3.7779
b = -0.0004
s = 0.0915
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0004) – 1
= -14.07%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0915) – 1
= 44.22%
October 25, 2021 calculations
Top border of price channel:
Exp(Y566)
= Exp(a + b × X566 + 2 × s)
= Exp(a + b × 819 + 2 × s)
= Exp(3.7779 + -0.0004 × 819 + 2 × 0.0915)
= Exp(3.6206)
= $37.36
Bottom border of price channel:
Exp(Y566)
= Exp(a + b × X566 – 2 × s)
= Exp(a + b × 819 – 2 × s)
= Exp(3.7779 + -0.0004 × 819 – 2 × 0.0915)
= Exp(3.2544)
= $25.90
May 8, 2024 calculations
Top border of price channel:
Exp(Y1,203)
= Exp(a + b × X1,203 + 2 × s)
= Exp(a + b × 1,745 + 2 × s)
= Exp(3.7779 + -0.0004 × 1,745 + 2 × 0.0915)
= Exp(3.2358)
= $25.43
Bottom border of price channel:
Exp(Y1,203)
= Exp(a + b × X1,203 – 2 × s)
= Exp(a + b × 1,745 – 2 × s)
= Exp(3.7779 + -0.0004 × 1,745 – 2 × 0.0915)
= Exp(2.8696)
= $17.63
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 14.07% per annum.
- CWEN.A price at the close of July 26, 2024 was $24.38 and was inside the primary price channel.
Secondary Trend
Start date: February 5, 2024
End date: June 27, 2024
a = 0.1912
b = 0.0017
s = 0.0491
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0017) – 1
= 84.75%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0491) – 1
= 21.71%
February 5, 2024 calculations
Top border of price channel:
Exp(Y1,138)
= Exp(a + b × X1,138 + 2 × s)
= Exp(a + b × 1,652 + 2 × s)
= Exp(0.1912 + 0.0017 × 1,652 + 2 × 0.0491)
= Exp(3.0678)
= $21.49
Bottom border of price channel:
Exp(Y1,138)
= Exp(a + b × X1,138 – 2 × s)
= Exp(a + b × 1,652 – 2 × s)
= Exp(0.1912 + 0.0017 × 1,652 – 2 × 0.0491)
= Exp(2.8713)
= $17.66
June 27, 2024 calculations
Top border of price channel:
Exp(Y1,237)
= Exp(a + b × X1,237 + 2 × s)
= Exp(a + b × 1,795 + 2 × s)
= Exp(0.1912 + 0.0017 × 1,795 + 2 × 0.0491)
= Exp(3.3083)
= $27.34
Bottom border of price channel:
Exp(Y1,237)
= Exp(a + b × X1,237 – 2 × s)
= Exp(a + b × 1,795 – 2 × s)
= Exp(0.1912 + 0.0017 × 1,795 – 2 × 0.0491)
= Exp(3.1118)
= $22.46
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 84.75% per annum.
- CWEN.A price at the close of July 26, 2024 was inside the secondary price channel.