Roth Capital analyst Justin Clare raised the firm’s price target on Clearway Energy (CWEN) to $38 from $36 and keeps a Buy rating on the shares. The firm notes Clearway Energy announced a binding agreement to acquire a 613MW operational solar portfolio from Deriva Energy. The deal is expected to close by Q2 2026 and contribute a 5-year average annual asset CAFD of about $27M, implying a greater than12% CAFD yield on $210M-$230M of long-term corporate capital. Management indicated the transaction supports delivering at the top end or better of the $2.50-$2.70 2027 CAFD/share target. The transaction appears attractive given the CAFD yield and opportunities to enhance value, Roth argues.
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