Markets
Tudor Pickering analyst Tudor Pickering initiated coverage with a Buy rating on Clearway Energy (CWEN – Research Report) yesterday and set a price target of $33.00. The company’s shares closed last Friday at $29.08.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Clearway Energy with a $31.80 average price target.
Based on Clearway Energy’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $280 million and GAAP net loss of $25 million. In comparison, last year the company earned revenue of $235 million and had a GAAP net loss of $6 million.