Selasa, 29 Oktober 2024

Undervalued Energy Stock Set to Pop? 👀

Undervalued Energy Stock Set to Pop? 👀
Wealth Daily

Undervalued Energy Stock Set to Pop? 👀

CWEN stock could break above $30 next week, if Q3 earnings meet analyst expectations. Whether or not that will happen is still anyone’s guess. But with lower interest rates taking some of the pressure off, long-term dividend investors might be interested in checking this one out.

CWEN stock

After all, boasting a 6.25% dividend is nothing to sneeze at. And despite a few headwinds this year, the stock is still up around 28% over the past six months.

I actually opined on CWEN stock back in April, noting that larger macroeconomic forces could benefit the company. But with those high interest rates hanging over its head, I couldn’t pull the trigger. Had I done so, I’d be up more than 25%. Not to mention that generous dividend.

But now that we’re seeing interest rates pull back...

>>> Read the full article here.

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