Home Energy company Clearway Energy Inc. (CWEN) management meetings show clear sights at $ 1.90 in EPS

Clearway Energy Inc. (CWEN) management meetings show clear sights at $ 1.90 in EPS


January 10, 2022 9:19 a.m. EST

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Oppenheimer analyst Noah Kaye reiterated an outperformance rating and price target of $ 44.00 on Clearway Energy Inc. (NYSE: CWEN) after hosting CFO Chad Plotkin for a series of meetings with investors.

The analyst said, “With the acquisition of Utah Solar and the repowering of Pinnacle completed in 4Q21, and the divestiture of Thermal on track to generate $ 1.3 billion in net revenue in 1H22, management reported. a solid line of sight at $ 1.90 / sh. CAFD in the short term, supporting the objective of 5 -8% DPS growth over our investment horizon. Longer term, surplus thermal products are expected to improve financial flexibility to meet growth targets through 2026 via drop-down lists of sponsors and third-party mergers and acquisitions. We believe the feedback confirmed CWEN’s positioning as a quality portfolio game and significantly improving renewable energy growth, relatively well insulated from industry-wide project delays and pressures. inflationary, and sees the recent sale of clean technologies as an opportunity. “

For a summary of analyst ratings and rating history for Clearway Energy Inc., click here. For more information on Clearway Energy Inc.’s valuations, click here.

Shares of Clearway Energy Inc. closed at $ 33.86 yesterday.

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