Challenges And Opportunities For Nuance Communications Inc. (NUAN), Clearway Energy Inc. (CWEN)

You should consider shares of Nuance Communications Inc. (NASDAQ:NUAN) and Clearway Energy Inc. (NYSE:CWEN) if you are looking for a great stocks to invest in. Starting with the NUAN shares, which traded at $17.44 at the close of the recent session, dropping -0.63%. On Tuesday, the company’s shares shed -$0.11 from its value which represented in intraday trading. The stock is now 26.07% higher in year-to-date (YTD) trading. NUAN’s intraday high was $17.49 while its lowest price touched $17.14. The stock’s 52-week high price is $18.19, which means the current price is at -4.12%. In terms of trading activity, the daily trading volume rose to 2901948 against 200-day average trading volume of 2,020,854 shares.

What are analyst forecasts for Nuance Communications Inc. (NASDAQ:NUAN)?

At a consensus rating of 4.20, NUAN is trending as a streaking Moderate Buy, as it has been the case a month ago when 5 analysts called it a Moderate Buy. Two months ago, 4 analysts recommended, on average, that NUAN stock is a Moderate Buy. The Technology company’s shares’ overall bearish trend saw it close higher on Tuesday compared to its opening price of $17.31 on the day.

Forecasts for Nuance Communications Inc. (NASDAQ:NUAN) give the stock a fair value for the growth of 12.8% from its last price. The 12-month price forecast for the stock by analysts puts the stock’s mean price target at $20.00, which means the price per share could rise by nearly $2.56. The price range target is between a low of $15.00 and a high of $24.00. The stock would need to gain by about $27.33 to hit the estimated high or 0.63% from its 12-month low.

The consensus among 6 analysts is that it is a good time for one to Overweight in the Nuance Communications Inc. 4 analysts rate NUAN as a Buy, with 0 of 6 analysts rate it as a Sell. 0 have valued the stock as Overweight and 2 have recommended that investors Hold.

Nuance Communications Inc. (NASDAQ:NUAN) Upgrades and Downgrades

In terms of rating changes, Morgan Stanley on January 15, 2019, Downgrade Nuance Communications Inc. (NUAN) at Equal-Weight. Analysts at Wedbush have assigned a Outperform rating for the stock in their research note on October 19, 2018 with an estimated price target of $22. Moreover, Stifel analysts issued a rating of Hold for the stock on August 09, 2018, giving it a price target of $17 for the next 12 months. On August 09, 2018, the stock earned a Hold rating due to an analyst call from Standpoint Research, while analysts from Stifel on May 10, 2018 suggested that the stock is Hold.

Clearway Energy Inc. (NYSE:CWEN) adds -$0.19 on Tuesday

The CWEN stock has risen 10.78% year-to-date and is currently trading at $19.11, which is -6.46% below its 52-week high. The company shares lost -0.98% on the day and have risen nearly 57.67% off a low hit. At current levels, Clearway Energy Inc. has a valuation of about $1.03B. As of 12/03/19, this stock has fallen -1.24% during the week and closed at $19.30 in the previous session. However, recent Clearway Energy Inc. stock performance shows that CWEN shares are 3.02% up over the last month, and 7.42% up for the last three months.

Who owns shares in Clearway Energy Inc. (CWEN)?

Let’s briefly focus on the share ownership of the Clearway Energy Inc. (NYSE:CWEN) stock, where we find that 93.04% of shares are held by institutions. Bank Of New York Mellon Corporation tops the list of institutional owners as it is holding 9.87 million shares or 13.46% of shares outstanding. Vanguard Group, Inc. (The) and Blackrock Inc. held 7.36 million and 5.27 million representing 10.03% and 7.19% respectively at the close of the last trading session. As of Sep 29, 2019, FMR, LLC accounted for 4.89 million shares at over 89.16 million. This represented 6.66% of shares outstanding. Neuberger Berman Group, LLC held 4.77 million shares at over 86.97 million representing 6.50% of shares outstanding.

CWEN Insider Activity

On 12/26/2018, by the name Global Infrastructure Management Llc bought 68000.0 shares worth $1.1 million at the price of $16.49 per share. Filings also show that Global Infrastructure Management Llc bought a total of 64612.0 shares on 12/27/2018 valued at $1.1 million. Since the last insider activity, the company’s share price has climbed 14.81%.