5 Oversold MidCap Stocks To Buy

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In this piece, we will take a look at five oversold midcap stocks to buy. If you want to take a look at the current macroeconomic environment and want a primer on midcap and technical investing, then head on over to 10 Oversold MidCap Stocks To Buy.

5. Clearway Energy, Inc. (NYSE:CWEN-A)

Latest 14 Day RSI Score: 20.38

Clearway Energy, Inc. (NYSE:CWEN-A) is another utility company that uses natural gas and renewable energy sources to generate nearly ten thousand megawatts of electricity. The firm had some disappointing news for investors in mid July as it announced that wind energy production during Q2 2023 was significantly below median estimates which was a new quarterly low record in its five year history. This can impact the firm’s upcoming earnings which are due in the second week of August.

By the end of March 2023, 25 of the 943 hedge funds part of Insider Monkey’s database had bought and owned Clearway Energy, Inc. (NYSE:CWEN)’s shares. Jim Simons’ Renaissance Technologies is the company’s largest hedge fund investor since it owns one million shares that are worth $30 million.

Follow Clearway Energy Inc. (NYSE:CWEN)

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