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Analysts Conflicted on These Utilities Names: Clearway Energy (CWEN) and American Electric Power (AEP)

Tipranks - Tipranks - Tue Jan 20, 8:00PM CST

Companies in the Utilities sector have received a lot of coverage today as analysts weigh in on Clearway Energy (CWEN – Research Report) and American Electric Power (AEP – Research Report).

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Clearway Energy (CWEN)

In a report issued on January 16, Nelson Ng from RBC Capital maintained a Buy rating on Clearway Energy, with a price target of $38.00. The company’s shares closed last Friday at $36.07.

According to TipRanks.com, Ng is a 4-star analyst with an average return of 8.0% and a 57.7% success rate. Ng covers the Utilities sector, focusing on stocks such as Brookfield Renewable Partners, Algonquin Power & Utilities, and XPLR Infrastructure. ;'>

Clearway Energy has an analyst consensus of Strong Buy, with a price target consensus of $39.57, implying a 12.4% upside from current levels. In a report issued on January 7, TipRanks – PerPlexity also upgraded the stock to Buy with a $37.00 price target.

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