Clearway Energy

Clearway Energy, Inc. engages in the ownership of contracted renewable and conventional generation facilities and thermal infrastructure assets. It operates through the following segments: Conventional Generation, Thermal, Renewable, and Corporate. The Renewable segment include solar and wind business. The Corporate segment consists company's corporate costs and include eliminating entries. The company was founded on December 20, 2012 and is headquartered in Princeton, NJ.

Earnings data Q3 2023

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Clearway Energy (CWEN) reported earnings 30 days ago. What's next for the stock?

Why Is Clearway Energy (CWEN) Down 5.4% Since Last Earnings Report?

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Clearway Energy expects to increase its payout towards the upper end of its 5% to 8% annual target range through 2026. Crown Castle anticipates returning to 7% to 8% annual dividend growth beyond 2025.

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Clearway Energy (CWEN) is set to benefit from systematic acquisitions, focus on North America and new assets in its portfolio.

Clearway Energy (CWEN) Rides on North America Focus, Acquisitions

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Clearway Energy owns over 8000 MW of utility scale energy production assets and sells power through long-term contracts. The market has undervalued Clearway Energy due to a significant miss in earnings caused by one-time factors such as low wind and sun resources. Clearway Energy's forward guidance and growth prospects make it an attractive investment opportunity.

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Clearway Energy's (CWEN) Q2 earnings miss estimates. The company benefits from its recent investments in renewable projects but lowers its 2023 guidance amid weaker renewable resource conditions.

Clearway Energy (CWEN) Q2 Earnings Lag Estimates, Sales Top

Clearway Energy, Inc. (NYSE:CWEN ) Q2 2023 Earnings Conference Call August 8, 2023 8:00 AM ET Company Participants Chris Sotos - President and Chief Executive Officer Sarah Rubenstein - Executive Vice President and Chief Financial Officer Conference Call Participants Julien Dumoulin-Smith - Bank of America Mark Jarvi - CIBC Angie Storozynski - Seaport Research Partners Noah Kaye - Oppenheimer Operator Good day and thank you for standing by. Welcome to the Clearway Energy, Inc. Second Quarter 2023 Earnings Conference Call.

Clearway Energy, Inc. (CWEN) Q2 2023 Earnings Call Transcript

Clearway Energy (CWEN) came out with quarterly earnings of $0.33 per share, missing the Zacks Consensus Estimate of $0.55 per share. This compares to loss of $3.86 per share a year ago.

Clearway Energy (CWEN) Q2 Earnings Miss Estimates

PRINCETON, N.J., Aug. 08, 2023 (GLOBE NEWSWIRE) -- Clearway Energy, Inc. (NYSE: CWEN, CWEN.A) today reported second quarter 2023 financial results, including Net Income of $84 million, Adjusted EBITDA of $316 million, Cash from Operating Activities of $134 million, and Cash Available for Distribution (CAFD) of $137 million.

Clearway Energy, Inc. Reports Second Quarter 2023 Financial Results

Clearway Energy's (CWEN) second-quarter 2023 revenues are expected to have been negatively impacted by lower production from its wind assets.

What's in Store for Clearway Energy (CWEN) in Q2 Earnings?

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Clearway Energy (CWEN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Clearway Energy (CWEN) Earnings Expected to Grow: Should You Buy?

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Clearway Energy Inc. has faced challenges due to higher interest rates and weak wind power generation, resulting in a 20% drop in stock value since November 2022. Despite these challenges, the company remains on track to increase its dividend at the upper end of its 5-8% annual target range through 2026, and has a development pipeline 3.6x the size of its current portfolio. Clearway's strategy includes non-recourse, self-amortizing, project-level loans, which provide a defensive balance sheet and allow for the automatic paydown of debt.

Clearway Energy Remains Highly Defensive And Able To Grow

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Clearway Energy's (CWEN) wind assets experience a significant drop in production volumes in the second quarter, leading to a substantial impact on revenues.

Clearway Energy (CWEN) Q2 Wind Production Down, Hurts Revenues

News for Clearway Energy Stock (CWEN)