CEG vs RNW
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To compare these two companies we present long-term analysis, their fundamental ratings and make comparative short-term technical analysis which are presented below. The conclusion is CEG is a Hold and RNW is a Sell.
Long-Term Analysis
It is best to consider a long-term outlook for a ticker by using Fundamental Analysis (FA) ratings. The rating of 1 to 100, where 1 is best and 100 is worst, is divided into thirds. The first third (a green rating of 1-33) indicates that the ticker is undervalued; the second third (a grey number between 34 and 66) means that the ticker is valued fairly; and the last third (red number of 67 to 100) reflects that the ticker is undervalued. We use an FA Score to show how many ratings show the ticker to be undervalued (green) or overvalued (red).
CEG’s FA Score shows that 1 FA rating(s) are green whileRNW’s FA Score has 0 green FA rating(s).
- CEG’s FA Score: 1 green, 4 red.
- RNW’s FA Score: 0 green, 5 red.
Short-Term Analysis
It is best to consider a short-term outlook for a ticker by using Technical Analysis (TA) indicators. We use Odds of Success as the percentage of outcomes which confirm successful trade signals in the past.
If the Odds of Success (the likelihood of the continuation of a trend) for each indicator are greater than 50%, then the generated signal is confirmed. A green percentage from 90% to 51% indicates that the ticker is in a bullish trend. A red percentage from 90% - 51% indicates that the ticker is in a bearish trend. All grey percentages are below 50% and are considered not to confirm the trend signal.
CEG’s TA Score shows that 4 TA indicator(s) are bullish while RNW’s TA Score has 4 bullish TA indicator(s).
- CEG’s TA Score: 4 bullish, 4 bearish.
- RNW’s TA Score: 4 bullish, 6 bearish.
Price Growth
CEG (@Alternative Power Generation) experienced а -0.85% price change this week, while RNW (@Alternative Power Generation) price change was -1.33% for the same time period.
The average weekly price growth across all stocks in the @Alternative Power Generation industry was +0.90%. For the same industry, the average monthly price growth was +4.74%, and the average quarterly price growth was +131.77%.
Reported Earning Dates
CEG is expected to report earnings on Aug 01, 2024.
RNW is expected to report earnings on Aug 19, 2024.
Industries' Descriptions
@Alternative Power Generation (+0.90% weekly)The alternative power generation industry consists of companies that operate power facilities converting non-conventional forms of energy into electricity. These energy forms are alternatives to fossil fuels, and many of them are derived from natural resources. Alternative energy forms include solar, wind, hydro, and geothermal steam. A major purpose behind using alternative energy – also called ‘clean’ energy - is to address concerns related to the more conventional fossil fuels, such as the latter’s high carbon dioxide emissions which is often considered a factor in global warming. Alternative power generation has been gaining traction in recent years, and could grow further in the future. Large organizations like Google have invested substantially in wind and solar energy-powered electricity. Some of the prominent U.S. companies operating in the alternative power generation industry includes Ormat Technologies, Inc., TerraForm Power, Inc. and NextEra Energy Partners LP.
| CEG | RNW | CEG / RNW | |
| Capitalization | 58.6B | 2.19B | 2,673% |
| EBITDA | 4.76B | 61.8B | 8% |
| Gain YTD | 82.675 | -22.585 | -366% |
| P/E Ratio | 37.12 | 61.74 | 60% |
| Revenue | 24.9B | 86.5B | 29% |
| Total Cash | 368M | 115B | 0% |
| Total Debt | 9.26B | 658B | 1% |
| CEG | RNW | |
|---|---|---|
| RSI ODDS (%) | 1 day ago 52% | 1 day ago 90% |
| Stochastic ODDS (%) | 1 day ago 61% | 1 day ago 78% |
| Momentum ODDS (%) | 1 day ago 81% | 1 day ago 69% |
| MACD ODDS (%) | 1 day ago 77% | 1 day ago 67% |
| TrendWeek ODDS (%) | 1 day ago 58% | 1 day ago 76% |
| TrendMonth ODDS (%) | 1 day ago 82% | 1 day ago 67% |
| Advances ODDS (%) | 4 days ago 77% | 3 days ago 70% |
| Declines ODDS (%) | 1 day ago 59% | 1 day ago 73% |
| BollingerBands ODDS (%) | 1 day ago 55% | 1 day ago 77% |
| Aroon ODDS (%) | 1 day ago 85% | 1 day ago 68% |
CEG and
Correlation & Price change
A.I.dvisor tells us that CEG and FLNC have been poorly correlated (+29% of the time) for the last year. This A.I.-generated data suggests there is low statistical probability that CEG and FLNC's prices will move in lockstep.
| Ticker / NAME | Correlation To CEG | 1D Price Change % | ||
|---|---|---|---|---|
| CEG | 100% | -1.49% | ||
| FLNC - CEG | 29% Poorly correlated | +0.33% | ||
| CWEN - CEG | 25% Poorly correlated | -1.11% | ||
| AQNU - CEG | 22% Poorly correlated | -1.36% | ||
| AQN - CEG | 21% Poorly correlated | -1.19% | ||
| RNW - CEG | 21% Poorly correlated | -8.06% | ||
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RNW and
Correlation & Price change
A.I.dvisor indicates that over the last year, RNW has been loosely correlated with CWEN. These tickers have moved in lockstep 53% of the time. This A.I.-generated data suggests there is some statistical probability that if RNW jumps, then CWEN could also see price increases.
| Ticker / NAME | Correlation To RNW | 1D Price Change % | ||
|---|---|---|---|---|
| RNW | 100% | -8.06% | ||
| CWEN - RNW | 53% Loosely correlated | -1.11% | ||
| BEPC - RNW | 51% Loosely correlated | -1.56% | ||
| BEP - RNW | 46% Loosely correlated | -0.32% | ||
| ORA - RNW | 46% Loosely correlated | +0.01% | ||
| AY - RNW | 46% Loosely correlated | -2.33% | ||
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