UBS analyst Jon Windham raised the firm’s price target on Clearway Energy (CWEN) to $39 from $35 and keeps a Buy rating on the shares. The firm updated its model following the Q3 report. Clearway Energy has has relatively strong visibility to achieving its long-term cash available for distribution targets given a significant supply-demand imbalance for renewables projects broadly and growing electricity demand from AI data centers, the analyst tells investors in a research note.
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