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Analysts’ Top Utilities Picks: Power Assets Holdings (HGKGF), Clearway Energy (CWEN)

There’s a lot to be optimistic about in the Utilities sector as 2 analysts just weighed in on Power Assets Holdings (HGKGFResearch Report) and Clearway Energy (CWENResearch Report) with bullish sentiments.

Power Assets Holdings (HGKGF)

In a report released yesterday, Ian Chui from DBS maintained a Buy rating on Power Assets Holdings, with a price target of HK$51.00. The company’s shares closed last Tuesday at $5.91, close to its 52-week high of $5.95.

Chui has an average return of 2.9% when recommending Power Assets Holdings.

According to TipRanks.com, Chui is ranked #5326 out of 8743 analysts.

Currently, the analyst consensus on Power Assets Holdings is a Moderate Buy with an average price target of $6.46.

See Insiders’ Hot Stocks on TipRanks >>

Clearway Energy (CWEN)

In a report released yesterday, Elizabelle Pang from DBS maintained a Buy rating on Clearway Energy, with a price target of $25.00. The company’s shares closed last Tuesday at $22.35.

Pang has an average return of 1.8% when recommending Clearway Energy.

According to TipRanks.com, Pang is ranked #4989 out of 8743 analysts.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Clearway Energy with a $29.00 average price target.

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