Clearway Energy, Inc. (NYSE:CWEN) Receives $28.33 Consensus Price Target from Analysts

Clearway Energy, Inc. (NYSE: CWEN) is a leading independent power producer with a focus on developing and operating renewable energy and energy infrastructure assets in North America. The company's portfolio includes wind, solar, and geothermal energy projects, as well as regulated transmission and distribution assets.

As of now, five financial analysts are covering Clearway Energy, Inc., according to Marketbeat Ratings. Among them, three analysts have given a buy rating to the stock, indicating that they believe the shares are undervalued and could potentially outperform the market. In contrast, two analysts have issued a hold rating, suggesting that investors may want to maintain their current position in the stock rather than buying or selling.

The consensus price target for Clearway Energy's stock is $28.33, which represents an upside potential of approximately 15% based on the current stock price. This price target is calculated by taking the average of the individual price targets set by each analyst covering the stock. It's important to note that price targets are not guarantees and are subject to change based on various factors, including the company's financial performance and market conditions.

Clearway Energy has reported solid financial results in recent quarters, with revenue growth driven by the contribution of new renewable energy projects and the acquisition of PNM Resources in 2020. The company's adjusted EBITDA grew by 45% year-over-year in Q3 2021, and it expects to achieve full-year adjusted EBITDA growth of 30% to 35% in 2021.

The company's focus on renewable energy and its strong financial performance may be contributing to the positive sentiment among analysts covering the stock. However, it's important for investors to conduct their own research and consider their own investment objectives and risk tolerance before making any investment decisions based on analyst ratings and price targets.