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Analysts Offer Insights on Utilities Companies: Clearway Energy (CWEN) and Fluence Energy (FLNC)

Tipranks - Tue May 12, 7:24AM CDT

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 24.5% and a 62.4% success rate. Clare covers the Industrial Goods sector, focusing on stocks such as Broadwind Energy, Vertiv Holdings, and nVent Electric. ;'>

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 57.8% and a 57.4% success rate. Dendrinos covers the Technology sector, focusing on stocks such as Shoals Technologies Group, SolarEdge Technologies, and Array Technologies. ;'>

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.

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