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 Q1 2021

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Earnings data Q4 2024

Clearway Energy reports mixed 2022 results, focuses on growth

Clearway Energy's 2022 performance was impacted by weak wind resources and winter storms, leading to below-guidance CAFD.
Despite challenges, Clearway Energy remains focused on growth, reaffirming 2023 CAFD guidance at $410 million.
The company is strategically investing in new projects with strong commercial profiles and receiving sponsor support for long-term goals.

Clearway Energy navigates Q1 challenges, eyes growth opportunities ahead

Clearway Energy faced challenges in Q1 but remains committed to achieving CAFD guidance and growing dividends.
The company's strong balance sheet, liquidity, and growth initiatives position it well for future expansion.
Focus on self-sustainability and growth without external equity highlights Clearway's financial discipline and strategic planning.
Opportunities in project deployments and customer engagements pave the way for sustained revenue growth and market presence.

Clearway Energy overcomes challenges, boosts dividend, and expands portfolio

Clearway Energy navigated challenges in the first half of 2023, with adverse weather impacting operational performance, leading to the lowest quarterly wind production in company history.
Despite these challenges, Clearway demonstrated resilience by generating $137 million of CAFD in Q2 and updating its full-year guidance to $330 to $360 million, reflecting a proactive approach to managing uncertainties.
The company's strategic acquisitions, increased dividend, and robust project pipeline underscore its commitment to long-term growth and shareholder value creation, positioning Clearway for future success in the renewable energy sector.
Clearway Energy's strong liquidity, focus on operational efficiency, and growth objectives provide a solid foundation for navigating market volatility, seizing growth opportunities, and delivering value to investors.

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The company continues to find attractive opportunities to put its financial flexibility to work.

This High-Yield Energy Stock Sees Unstoppable Dividend Growth Ahead

Clearway Energy, Inc. (NYSE:CWEN ) Q3 2022 Earnings Conference Call November 2, 2022 8:00 AM ET Company Participants Christopher Sotos - President and CEO Craig Cornelius - President and CEO, Clearway Energy Group Conference Call Participants Julien Dumoulin-Smith - Bank of America Noah Kaye - Oppenheimer Mark Jarvi - CIBC Justin Clare - ROTH Capital Partners Keith Stanley - Wolfe Research Michael Lapides - Goldman Sachs Angie Storozynski - Seaport Antoine Aurimond - Bank of America Operator Good day, and thank you for standing by. Welcome to the Clearway Energy Third Quarter 2022 Earnings Call.

Clearway Energy, Inc. (CWEN) Q3 2022 Earnings Call Transcript

Clearway Energy (CWEN) delivered earnings and revenue surprises of 115.38% and 5.12%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Clearway Energy (CWEN) Surpasses Q3 Earnings Estimates

PRINCETON, N.J., Nov. 02, 2022 (GLOBE NEWSWIRE) -- Clearway Energy, Inc. (NYSE: CWEN, CWEN.A) today reported third quarter 2022 financial results, including Net Income of $62 million, Adjusted EBITDA of $322 million, Cash from Operating Activities of $328 million, and Cash Available for Distribution (CAFD) of $154 million.

Clearway Energy, Inc. Reports Third Quarter 2022 Financial Results

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PRINCETON, N.J., Oct. 10, 2022 (GLOBE NEWSWIRE) -- Clearway Energy, Inc. (NYSE: CWEN, CWEN.A) plans to report Third Quarter 2022 financial results on Wednesday, November 2, 2022. Management will present the results during a conference call and webcast at 8:00 a.m. Eastern.

Clearway Energy, Inc. to Report Third Quarter 2022 Financial Results on November 2, 2022

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PRINCETON, N.J., Sept. 21, 2022 (GLOBE NEWSWIRE) -- Clearway Energy, Inc. (NYSE: CWEN, CWEN.A) (“Company”) today announced that beginning on August 29th, the El Segundo Energy Center began a forced outage at Units 7 and 8 due to damage of a portion of the tube bundles used to condense steam. After initial repairs, both Unit 7 and 8 returned to service on September 14th. In consultation with the Company's Operations and Maintenance service provider, the Company plans to replace the remaining tube bundles at Unit 7 and 8. The Company estimates the cash impact related to the forced outage due to lost revenue, O&M, and capital expenditures to be approximately $10-12 million in 2022.

Clearway Energy, Inc. Provides Operational Update on El Segundo Energy Center

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The Inflation Reduction Act is set to supercharge an already ramping rollout of renewable energy across the United States. This boom will help solidify Clearway's future CAFD and dividend growth.

Clearway Energy: YieldCo Offers Exposure To New Clean Energy Boom

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PRINCETON, N.J., Aug. 25, 2022 (GLOBE NEWSWIRE) -- Clearway Energy, Inc. (NYSE: CWEN, CWEN.A) (“Company”) today announced that it has contracted for the El Segundo Energy Center to sell Resource Adequacy to Southern California Edison (“SCE”) commencing in August 2023. The agreement is for 100% of the facility's net qualifying capacity and has a contract tenor of three years. With the execution of this contract, the Company has now contracted 100% of the Resource Adequacy for the El Segundo Energy Center, Marsh Landing and Walnut Creek assets through approximately 2026.

Clearway Energy, Inc. Announces Resource Adequacy Agreement for El Segundo Energy Center

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News for Clearway Energy Stock (CWEN)