Roth MKM raised the firm’s price target on Clearway Energy to $30 from $29 and keeps a Buy rating on the shares. The analyst cites a Q1 beat in the company’s Cash Available for Distribution, or CAFD, stating that the company appears on track to allocate remaining thermal proceeds by 2024-end. The firm added that Clearway Energy management improved visibility into growth beyond 2026 by securing additional 2027-2030 RA contracts for the natural gas assets.
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Read More on CWEN:
- Clearway Energy reports Q1 EPS (2c)
- CWEN Upcoming Earnings Report: What to Expect?
- Clearway Energy Announces Executive Shake-Up and Financial Outlook
- Clearway Energy announces CEO Chris Sotos resigns, Cornelius, succeeds
- Clearway Energy, Inc. Announces CEO Transition and Reiterates 2024 Financial Guidance
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