Is Clearway Energy (CWEN) Stock Outpacing Its Oils-Energy Peers This Year?

Core Viewpoint - Clearway Energy (CWEN) has shown strong performance in the Oils-Energy sector, outperforming its peers year-to-date with a return of approximately 5.5% compared to the sector average of 3.4% [4]. Company Performance - Clearway Energy is currently ranked 7 in the Zacks Sector Rank among 247 companies in the Oils-Energy group [2]. - The Zacks Rank for Clearway Energy is 2 (Buy), indicating a positive outlook based on earnings estimates and revisions [3]. - Over the past 90 days, the Zacks Consensus Estimate for CWEN's full-year earnings has increased by 156.8%, reflecting improved analyst sentiment [3]. Industry Comparison - Clearway Energy belongs to the Alternative Energy - Other industry, which has seen an average gain of 6.9% this year, indicating that CWEN is slightly underperforming its industry [6]. - In contrast, Enterprise Products Partners (EPD), another stock in the Oils-Energy sector, has achieved a year-to-date return of 6.3% and is ranked 2 (Buy) as well [4][5]. Future Outlook - Investors are encouraged to monitor both Clearway Energy and Enterprise Products Partners for potential continued strong performance in the Oils-Energy sector [7].