Morgan Stanley (NYSE:MS) analyst Stephen Byrd maintained a Hold rating on Clearway Energy (NYSE:CWENa) Inc on Friday, setting a price target of $22, which is approximately 6.64% above the present share price of $20.63.
Byrd expects Clearway Energy Inc to post earnings per share (EPS) of $0.00 for the second quarter of 2020.
The current consensus among 3 TipRanks analysts is for a Moderate Buy rating of shares in Clearway Energy, with an average price target of $23.
The analysts price targets range from a high of $26 to a low of $20.
In its latest earnings report, released on 03/31/2020, the company reported a quarterly revenue of $258 million and a net profit of $53 million. The company's market cap is $4.09 billion.
According to TipRanks.com, Morgan Stanley analyst Stephen Byrd is a 3-star analyst with an average return of 0.7% and a 54.2% success rate.
Clearway Energy, Inc. operates as a dividend growth-oriented company. It owns a portfolio of contracted renewable and conventional generation and thermal infrastructure assets. The firm also owns thermal infrastructure assets, which provide steam, hot and chilled water, as well as in some instances electricity to commercial businesses, universities, hospitals and governmental units. NRG Yield operates through the following segments: Conventional Generation, Thermal, Renewable and Corporate. The company was founded on December 20, 2012 and is headquartered in Princeton, NJ.