North American Midstream & Renewable Energy Infrastructure: Infrastructure Weekly

Research evidence excerpt

North American Midstream & Renewable Energy Infrastructure: Infrastructure Weekly

Foundation

May 27, 2026 04:02 AM GMT

Morgan Stanley & Co. LLCMNorth American Midstream & Renewable Energy Robert S Kad

Infrastructure | North America Equity Analyst

Robert.Kad@morganstanley.com +1 212 761-0065

Devin McDermott

Equity Analyst and Commodities StrategistInfrastructure Weekly Devin.McDermott@morganstanley.com +1 212 761-1125

Joy Golub

What’s Changed Research Associate

Joy.Golub@morganstanley.com +1 212 761-4924

Clearway Energy Inc (CWEN.N) From To Victoria Xiong, CFA

Price Target $56.00 $60.00 Research Associate

Victoria.Xiong@morganstanley.com +1 212 761-0228

HA Sustainable Infrastructure (HASI.N)

David Arcaro, CFA

Price Target $54.00 $57.00 Equity Analyst

David.Arcaro@morganstanley.com +1 212 761-1817

Western Midstream Partners LP (WES.N)

Joe Laetsch, CFA

Price Target $41.00 $51.00

Equity Analyst

Energy Transfer LP (ET.N) Joe.Laetsch@morganstanley.com +1 212 761-8804

Price Target $21.00 $23.00

Midstream Energy Infrastructure

We would greatly appreciate your support for the Morgan North America

Industry View Attractive

Stanley Energy & Power team in the 2026 Extel (formerly II) All-

TABLE OF CONTENTS

America Research Poll.

The Week in Review & Brief Notes

Infrastructure Sector Weekly Performance

Key Takeaways

Infrastructure Sector Comps

ENB launched an open season process for its proposed Project Beacon to Infrastructure Sector Ratings & Price Targets

upgrade its Algonquin ‌Gas Transmission natural gas pipeline system in New Infrastructure Sector Estimates

England. Midstream Energy Infrastructure Valuation

Tallgrass Energy entered into a purchase agreement with Mitsubishi for gas Midstream Energy Infrastructure Fundamentals