RBC Capital raised the firm’s price target on Clearway Energy (CWEN) to $42 from $38 and keeps an Outperform rating on the shares after its Q4 results. The visibility to Clearway’s 2030 target of $3.00 of CAFD – – Cash Available for Distribution – per share continues to improve as additional project developments are announced, partly supported by demand from hyperscalers and datacenters, the analyst tells investors in a research note.
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Read More on CWEN:
- Clearway Energy price target raised to $45 from $40 at Roth Capital
- Clearway Energy reports FY25 EPS $1.43 vs. 75c last year
- Buy Rating on Clearway: Long-Term CAFD Growth and Google-Backed PPAs Outweigh Near-Term Earnings Miss
- CWEN Upcoming Earnings Report: What to Expect?
- Clearway Energy increases quarterly dividend 1.6% to 46.02c per share