Clearway Energy Inc Class C (NYLD) Given Average Rating of “Buy” by Analysts

Shares of Clearway Energy Inc Class C (NYSE:NYLD) have earned a consensus recommendation of “Buy” from the eight research firms that are presently covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $19.00.

Several equities analysts have weighed in on NYLD shares. Zacks Investment Research upgraded Clearway Energy Inc Class C from a “hold” rating to a “strong-buy” rating and set a $21.00 price objective on the stock in a research note on Tuesday, July 17th. Goldman Sachs Group set a $20.00 target price on Clearway Energy Inc Class C and gave the company a “hold” rating in a research report on Thursday, September 13th.

Several institutional investors have recently made changes to their positions in NYLD. First Republic Investment Management Inc. purchased a new stake in Clearway Energy Inc Class C in the 2nd quarter worth about $197,000. Trexquant Investment LP purchased a new stake in Clearway Energy Inc Class C in the 2nd quarter worth about $280,000. Lake Street Advisors Group LLC purchased a new stake in Clearway Energy Inc Class C in the 2nd quarter worth about $324,000. BlueMountain Capital Management LLC increased its holdings in Clearway Energy Inc Class C by 65.8% in the 2nd quarter. BlueMountain Capital Management LLC now owns 21,033 shares of the utilities provider’s stock worth $362,000 after acquiring an additional 8,346 shares during the last quarter. Finally, Acadian Asset Management LLC purchased a new stake in Clearway Energy Inc Class C in the 2nd quarter worth about $404,000. 29.58% of the stock is owned by hedge funds and other institutional investors.

Shares of NYLD opened at $20.10 on Monday. Clearway Energy Inc Class C has a 12-month low of $15.55 and a 12-month high of $20.75.

Clearway Energy Inc Class C (NYSE:NYLD) last issued its quarterly earnings data on Thursday, August 2nd. The utilities provider reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.27. The company had revenue of $307.00 million for the quarter, compared to the consensus estimate of $274.39 million.

About Clearway Energy Inc Class C

Clearway Energy, Inc, through its subsidiaries, acquires, owns, and operates contracted renewable and conventional generation, and thermal infrastructure assets in the United States. As of December 31, 2017, it had contracted renewable and conventional generation portfolio of 5,118 net megawatt (MW).

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