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Analysts’ Top Utilities Picks: Brookfield Renewable Partners (BEP), Clearway Energy (CWEN)

Tipranks - Tue Mar 24, 5:42AM CDT

There’s a lot to be optimistic about in the Utilities sector as 2 analysts just weighed in on Brookfield Renewable Partners (BEP) and Clearway Energy (CWEN) with bullish sentiments.

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Brookfield Renewable Partners (BEP)

Morgan Stanley analyst Robert Kad maintained a Buy rating on Brookfield Renewable Partners today and set a price target of $42.00. The company’s shares closed last Friday at $30.83.

According to TipRanks.com, Kad is a 5-star analyst with an average return of 9.6% and a 63.8% success rate. Kad covers the NA sector, focusing on stocks such as Enterprise Products Partners, Western Midstream Partners, and Hess Midstream Partners. ;'>

Currently, the analyst consensus on Brookfield Renewable Partners is a Strong Buy with an average price target of $35.00.

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Clearway Energy (CWEN)

Bank of America Securities analyst Dimple Gosai reiterated a Buy rating on Clearway Energy today and set a price target of $38.00. The company’s shares closed last Friday at $37.44.

According to TipRanks.com, Gosai is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -36.0% and a 54.4% success rate. Gosai covers the Technology sector, focusing on stocks such as Shoals Technologies Group, SolarEdge Technologies, and Array Technologies. ;'>

Currently, the analyst consensus on Clearway Energy is a Strong Buy with an average price target of $42.67, which is a 7.5% upside from current levels. In a report issued on March 10, TipRanks – PerPlexity also reiterated a Buy rating on the stock with a $42.00 price target.

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