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Evercore ISI Sticks to Its Hold Rating for Clearway Energy (CWEN)

Tipranks - Tipranks - Fri Mar 6, 7:34AM CST

In a report released today, Nicholas Amicucci from Evercore ISI maintained a Hold rating on Clearway Energy, with a price target of $39.00.

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Amicucci covers the Utilities sector, focusing on stocks such as Consolidated Edison, Dominion Energy, and NextEra Energy. According to TipRanks, Amicucci has an average return of 14.2% and a 65.45% success rate on recommended stocks.

In addition to Evercore ISI, Clearway Energy also received a Hold from TipRanks – OpenAI’s OpenAI Renewable Utilities in a report issued on February 24. However, on February 25, Deutsche Bank maintained a Buy rating on Clearway Energy (NYSE: CWEN).

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Based on Clearway Energy’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $310 million and a GAAP net loss of $104 million. In comparison, last year the company earned a revenue of $256 million and had a net profit of $3 million

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