Clearway Energy (NYSE:CWEN.A) Price Target Raised to $44.00

Clearway Energy (NYSE:CWEN.A) had its target price raised by UBS Group from $39.00 to $44.00 in a research report sent to investors on Tuesday morning,Benzinga reports. They currently have a buy rating on the stock.

Clearway Energy Price Performance

NYSE CWEN.A opened at $38.81 on Tuesday. The business’s 50 day moving average price is $36.24 and its 200-day moving average price is $32.52. Clearway Energy has a fifty-two week low of $23.03 and a fifty-two week high of $31.37.

Clearway Energy Company Profile

Clearway Energy Inc is a U.S.-based independent power producer that owns, operates and acquires a diversified portfolio of renewable and conventional energy assets. The company focuses on the development, financing, construction and long-term management of utility-scale solar and wind projects, as well as natural gas and thermal generation facilities. Through power purchase agreements (PPAs) and other long-term contracts, Clearway Energy delivers electricity and capacity services to utilities, municipalities and large commercial customers.

The company’s renewables platform includes utility-scale and distributed solar projects alongside onshore wind farms located in key U.S.