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

Investors interested in Oils-Energy stocks should always be looking to find the best-performing companies in the group. Is Clearway Energy (CWENA) one of those stocks right now? A quick glance at the company's year-to-date performance in comparison to the rest of the Oils-Energy sector should help us answer this question.Clearway Energy is a member of our Oils-Energy group, which includes 244 different companies and currently sits at #10 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. Clearway Energy is currently sporting a Zacks Rank of #1 (Strong Buy).The Zacks Consensus Estimate for CWENA's full-year earnings has moved 56% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.Based on the latest available data, CWENA has gained about 25.5% so far this year. In comparison, Oils-Energy companies have returned an average of 9.6%. This means that Clearway Energy is outperforming the sector as a whole this year.Another Oils-Energy stock, which has outperformed the sector so far this year, is Hallador Energy (HNRG). The stock has returned 92.4% year-to-date.Over the past three months, Hallador Energy's consensus EPS estimate for the current year has increased 71.1%. The stock currently has a Zacks Rank #1 (Strong Buy).Looking more specifically, Clearway Energy belongs to the Alternative Energy - Other industry, a group that includes 44 individual stocks and currently sits at #146 in the Zacks Industry Rank. On average, this group has gained an average of 46.5% so far this year, meaning that CWENA is slightly underperforming its industry in terms of year-to-date returns. Hallador Energy is also part of the same industry.Going forward, investors interested in Oils-Energy stocks should continue to pay close attention to Clearway Energy and Hallador Energy as they could maintain their solid performance.Free Report: Profiting from the 2nd Wave of AI ExplosionThe next phase of the AI explosion is poised to create significant wealth for investors, especially those who get in early. It will add literally trillion of dollars to the economy and revolutionize nearly every part of our lives.Investors who bought shares like Nvidia at the right time have had a shot at huge gains.But the rocket ride in the "first wave" of AI stocks may soon come to an end. The sharp upward trajectory of these stocks will begin to level off, leaving exponential growth to a new wave of cutting-edge companies.Zacks' AI Boom 2.0: The Second Wave report reveals 4 under-the-radar companies that may soon be shining stars of AI’s next leap forward.Access AI Boom 2.0 now, absolutely free >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free reportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks