Analysts Offer Insights on Utilities Companies: Clearway Energy (CWEN) and Fluence Energy (FLNC)
Analysts have been eager to weigh in on the Utilities sector with new ratings on Clearway Energy (CWEN) and Fluence Energy (FLNC).
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Clearway Energy (CWEN)
Roth MKM analyst Justin Clare reiterated a Buy rating on Clearway Energy today and set a price target of $45.00. The company’s shares closed last Friday at $38.16.
According to TipRanks.com, Clare is a 5-star analyst with an average return of
Clearway Energy has an analyst consensus of Strong Buy, with a price target consensus of $43.50, 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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Fluence Energy (FLNC)
In a report released today, Chris Dendrinos from RBC Capital maintained a Hold rating on Fluence Energy, with a price target of $16.00. The company’s shares closed last Friday at $24.16, close to its 52-week high of $26.12.
According to TipRanks.com, Dendrinos is a 5-star analyst with an average return of
Fluence Energy has an analyst consensus of Hold, with a price target consensus of $18.91, which is a -20.5% downside from current levels. In a report issued on May 8, HSBC also upgraded the stock to Hold with a $19.00 price target.
Read More on CWEN:
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- Clearway Energy Leans Into Growth Despite Wind Drag
- Clearway Energy reports Q1 EPS ($1.35), consensus (39c)
- CWEN Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- Clearway Energy Simplifies Capital Structure With Share Conversion
- Clearway Energy price target raised to $56 from $50 at Morgan Stanley
