The long-term prospects of alternative energy player Clearway Energy (CWEN) may still be perplexing but unfortunately, there may be more short-term risk ahead landing its stock a Zacks Rank #5 (Strong Sell) and the Bear of the Day.After widely missing earnings expectations for two consecutive quarters investors may want to curb their enthusiasm for Clearway’s luring 6.34% annual dividend yield amid weak renewable resource conditions and lower natural gas prices. 
Image Source: U.S. Energy Information Administration Weak Q3 ResultsNotably, the Zacks Alternative Energy-Other Industry is in the bottom 39% of over 250 Zacks industries and Clearway’s Q3 results in November alluded to a tougher operating environment.While Q3 sales of $371 million topped estimates by 8% earnings of $0.03 a share fell a very concerning -94% below expectations of $0.55 a share. This comes after Q2 earnings of $0.33 a share missed the Zacks Consensus of $0.55 a share by -40% in August. 
Image Source: Zacks Investment ResearchWeaker Outlook: Largely attributing to Clearway’s strong sell rating, annual earnings estimates for fiscal 2023 are down -10% over the last 60 days while FY24 EPS estimates have fallen -11%. 
Image Source: Zacks Investment ResearchOn top of this, Clearway’s stock is already down -21% this year to vastly underperform the broader indexes and trail its Zacks Subindustry’s -14%. 
Image Source: Zacks Investment Research TakeawayWhile it’s far too soon to call Clearway Energy’s stock a value trap, investors may want to think twice before investing in the company at the moment considering its lucrative dividend yield but poor performance of late.More By This Author:Bull Of The Day: Zoom Video Comms 3 Technology Mutual Funds For Solid Returns Highly Ranked Stocks Poised To Move Higher In December
