Clearway Energy's Growth Hindered by Interest Rates, Tariff Exposure, and Policy UncertaintyWe are initiating coverage of Line rating and a $34 price target. While we believe wind and solar have a place to play in the broader energy infrastructure build out near-term upside appears limited due to headwinds from higher-for-longer rates, tariff exposure and shifting power preferences amongst hyperscalers. Overall, those classified as “true clean-energy plays” have responded positively following the OBBBA, which in our view, also tempers further near-term upside. Of the three themes driving uncertainty outlined, the most impactful, in our view, is the continued policy uncertainty.