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

Earnings data Q2 2021

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Earnings data Q1 2022

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Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

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 has the power to grow its payout at a high-end rate for the next several years.

This 3.7%-Yielding Dividend Stock Is Becoming a Powerful Passive Income Producer

Clearway Energy, Inc. (NYSE:CWEN ) Q2 2022 Earnings Conference Call August 2, 2022 8:00 AM ET Company Participants Christopher Sotos - President & Chief Executive Officer Craig Cornelius - Chief Executive Officer Conference Call Participants Anya Shelekhin - Bank of America Keith Stanley - Wolfe Research Colton Bean - TPH Michael Lapides - Goldman Sachs Mark Jarvi - CIBC Justin Clare - ROTH Noah Kaye - Oppenheimer Operator Ladies and gentlemen, thank you for standing by and welcome to the Clearway Energy, Inc. Q2 2022 Earnings Call. [Operator Instructions] I would now like to turn the call over to your host, Chris Sotos, President and CEO, you may begin.

Clearway Energy, Inc. (CWEN) CEO Christopher Sotos on Q2 2022 Results - Earnings Call Transcript

Clearway Energy's (CWEN) Q2 earnings are higher than expected. Clearway Energy continues to gain from ongoing customer growth in its Houston service area.

Clearway Energy (CWEN) Q2 Earnings Top Estimates, Revenues Miss

Clearway Energy (CWEN) delivered earnings and revenue surprises of -1,115.79% and 5.38%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

Clearway Energy (CWEN) Reports Q2 Loss, Misses Revenue Estimates

PRINCETON, N.J., Aug. 02, 2022 (GLOBE NEWSWIRE) -- Clearway Energy, Inc. (NYSE: CWEN, CWEN.A) today reported second quarter 2022 financial results, including Net Income of $1,149 million, Adjusted EBITDA of $366 million, Cash from Operating Activities of $186 million, and Cash Available for Distribution (CAFD) of $176 million.

Clearway Energy, Inc. Reports Second Quarter 2022 Financial Results

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PRINCETON, N.J., July 11, 2022 (GLOBE NEWSWIRE) -- Clearway Energy, Inc. (NYSE: CWEN, CWEN.A) plans to report Second Quarter 2022 financial results on Tuesday, August 2, 2022. Management will present the results during a conference call and webcast at 8:00 a.m. Eastern.

Clearway Energy, Inc. to Report Second Quarter 2022 Financial Results on August 2, 2022

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PRINCETON, N.J., June 30, 2022 (GLOBE NEWSWIRE) --  Clearway Energy, Inc. (NYSE: CWEN, CWEN.A) (“Company”) today announced that Chad Plotkin will be stepping down from his position as Executive Vice President and Chief Financial Officer (“CFO”) of the Company. Mr. Plotkin will remain with the Company through the filing of the Company's Quarterly Report on Form 10-Q for the three months ended June 30, 2022.

Clearway Energy, Inc. Announces CFO Transition

The company continues to grow its passive income streams, giving it the power to increase its dividend.

This Big-Time Passive-Income Producer Has the Wind at Its Back

Clearway Energy (CWEN) enters into an agreement to acquire Capistrano Wind Partners' 413 MW wind projects, which are expected to expand Clearway's clean energy generation capacity in the United States.

Clearway Energy (CWEN) to Buy Capistrano's 413 MW Wind Assets

PRINCETON, N.J., June 28, 2022 (GLOBE NEWSWIRE) -- Clearway Energy, Inc. (NYSE: CWEN, CWEN.A) (“Company”) today announced that it has entered into a binding agreement to acquire a portfolio of operating wind projects from Capistrano Wind Partners, LLC (“Capistrano Portfolio”) for, subject to closing adjustments, cash consideration of $255 million, plus the assumption of approximately $160 million of non-recourse debt.

Clearway Energy, Inc. Signs Binding Agreement to Acquire a 413 MW Wind Portfolio

CWEN is a renewable energy yieldco that owns utility-scale wind, solar, battery storage, and natural gas facilities across the United States. TotalEnergies recently bought a 50% stake in CWEN's parent company, sponsor, and primary development partner, Clearway Energy Group.

Clearway Energy Just Got A Huge Boost From A Powerful New Partner

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A new partner could provide this renewable energy producer with more growth opportunities.

This High-Yielding Renewable Energy Stock's Future Is Now Even Brighter

PRINCETON, NJ and SAN FRANCISCO, May 25, 2022 (GLOBE NEWSWIRE) -- Clearway Energy, Inc. (NYSE: CWEN, CWEN.A) (the “Company”) and its renewable development partner and parent company, Clearway Energy Group LLC (“Clearway Group”), today announced that Global Infrastructure Partners (GIP) has formed a strategic partnership with TotalEnergies SE (“TotalEnergies”) in the U.S. renewable energy sector. Through this partnership, TotalEnergies will acquire half of GIP's interest in Clearway Group, a privately held renewable development company that serves as the Company's sponsor with its 42% economic interest in the Company. In consideration, GIP will receive $1.6 billion cash consideration (subject to purchase price adjustments) and an approximately 50% interest in the TotalEnergies subsidiary that holds its 51% ownership in SunPower Corporation (NASDAQ: SPWR).

Clearway Enterprise's Sponsor, Global Infrastructure Partners, Announces Strategic Partnership with TotalEnergies

TotalEnergies to buy 50% of U.S. renewable Clearway Energy in $1.6 billion deal

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