UPDATE: Wolfe Research Upgrades Clearway Energy Inc. (CWEN) to Outperform

Wolfe Research analyst Steve Fleishman upgraded Clearway Energy Inc. (NYSE: CWEN) from Peerperform to Outperform with a price target of $33.00.

The analyst comments "CWEN stock has been the worst performer in the broader utility group YTD after being the top performer in 2020. We attribute this to the move up in interest rates and a pullback in renewables stocks. CWEN now offers a 5% yield at a time growth is accelerating and we are more confident in the 5-8%/yr DPS growth target over a longer duration."

For an analyst ratings summary and ratings history on Clearway Energy Inc. click here. For more ratings news on Clearway Energy Inc. click here.

Shares of Clearway Energy Inc. closed at $25.88 yesterday.

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