In a report released on January 17, Shelby Tucker from RBC Capital maintained a Hold rating on Clearway Energy (CWEN – Research Report), with a price target of $36.00. The company’s shares closed yesterday at $34.20.
According to TipRanks, Tucker is a top 25 analyst with an average return of 12.6% and a 76.81% success rate. Tucker covers the Utilities sector, focusing on stocks such as American Electric Power, American Water, and Essential Utilities.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Clearway Energy with a $37.50 average price target.
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CWEN market cap is currently $6.88B and has a P/E ratio of 7.17.
Based on the recent corporate insider activity of 90 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CWEN in relation to earlier this year.
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Clearway Energy, Inc. operates as a dividend growth-oriented company. It owns a portfolio of contracted renewable and conventional generation and thermal infrastructure assets. The firm also owns thermal infrastructure assets, which provide steam, hot and chilled water, as well as in some instances electricity to commercial businesses, universities, hospitals and governmental units. NRG Yield operates through the following segments: Conventional Generation, Thermal, Renewable and Corporate. The company was founded on December 20, 2012 and is headquartered in Princeton, NJ.
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