Wall Street Analysts Are Bullish on Top Utilities Picks
There’s a lot to be optimistic about in the Utilities sector as 2 analysts just weighed in on Sempra Energy (SRE) and Clearway Energy (CWEN) with bullish sentiments.
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Sempra Energy (SRE)
In a report released today, Richard Sunderland from Truist Financial maintained a Buy rating on Sempra Energy. The company’s shares closed last Friday at $92.09, close to its 52-week high of $95.77.
According to TipRanks.com, Sunderland is a 4-star analyst with an average return of
Sempra Energy has an analyst consensus of Strong Buy, with a price target consensus of $105.82, representing a 14.5% upside. In a report issued on May 4, J.P. Morgan also maintained a Buy rating on the stock with a $107.00 price target.
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Clearway Energy (CWEN)
CIBC analyst Mark Jarvi reiterated a Buy rating on Clearway Energy today and set a price target of $43.00. The company’s shares closed last Friday at $39.09.
According to TipRanks.com, Jarvi is a 5-star analyst with an average return of
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Clearway Energy with a $43.50 average price target, which is an 11.3% upside from current levels. In a report issued on April 27, RBC Capital also maintained a Buy rating on the stock with a $42.00 price target.
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