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.

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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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Even after total returns of more than 60% last year, this renewable energy stock is set for a great 2021 and beyond.

This Is One of My Top Stocks for 2021

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The company is co-investing in a portfolio of development projects.

This Renewable Energy Stock Continues to Charge Its Dividend Growth Plan

The high-yielding renewable energy producer expects high-end dividend growth in 2021.

This Renewable Energy Stock Jumped 60% in 2020, But Has Room to Run

Clearway Energy (CWEN) continues to work on the long-term objective of expanding renewable operations through acquisitions, agreements and strategic partnerships.

Clearway (CWEN) to Expand Renewable Base Via Investments

PRINCETON, N.J. and SAN FRANCISCO, Dec. 22, 2020 (GLOBE NEWSWIRE) -- Clearway Energy, Inc. (NYSE: CWEN, CWEN.A) (“CWEN”, “Company”) and its renewable development partner and parent company, Clearway Energy Group LLC (“CEG”), today announced agreements providing for CWEN's co-investment in a 1,204 MW portfolio of renewable energy projects developed by CEG consisting of i) 1,012 MW from five geographically diversified wind, solar, and solar plus storage assets under development and ii) the 192 MW Rosamond Central solar project which is expected to commence operations by the end of the year. Additionally, the parties amended the existing partnership agreement for the 419 MW Mesquite Star wind project providing CWEN an additional 27.51% of the project's cash flows after the first half of 2031.

Clearway Enterprise Announces Agreements for 1.6 GW Portfolio of Renewable Energy Assets

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

Why Is Clearway Energy (CWEN) Up 0.1% Since Last Earnings Report?

Clearway Energy continues to grow its cash flow streams.

This Renewable Energy Stock Keeps Adding Power to its Dividend Growth Engine

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Clearway Energy (CWEN) is set to raise its stake to 51% in the 290-MW Agua Caliente solar project by acquiring an additional 35% interest in the same for $202 million.

Clearway Energy (CWEN) to Buy 35% Stake in Agua Caliente Solar

PRINCETON, N.J., Nov. 20, 2020 (GLOBE NEWSWIRE) -- Clearway Energy, Inc. (NYSE: CWEN, CWEN.A) (“Company”) today announced that it has entered into an agreement to acquire a 35% interest in the Agua Caliente solar project. Agua Caliente is a 290 MW utility-scale solar project located in Dateland, Arizona in which Clearway currently owns a 16% equity interest. The project has a 25-year PPA with PG&E, with approximately 19 years remaining under the agreement. The Company will acquire the additional 35% interest in Agua Caliente for $202 million, and this acquisition is expected to provide incremental annual asset CAFD on a five-year average basis of $20 million prior to corporate financing.

Clearway Energy, Inc. Signs Binding Agreement to Acquire an Additional 35% Interest in the 290 MW Agua Caliente Solar Project

Despite a strong run this year, CWEN's shares still look attractive for long-term dividend growth investors. The stock is much cheaper than its larger and more established peer, Brookfield Renewable Partners.

Clearway Energy: Renewable Energy Assets Still On Discount

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Clearway Energy continued to add to its electricity-generating power -- and its dividend-generating power -- during the third quarter.

This High-Yielding Renewable Energy Stock Is Becoming a Dividend-Growth Gem

Clearway Energy's (CWEN) third-quarter earnings miss estimates but revenues increase year over year. The agreement with Clearway Group will enhance Clearway Energy's portfolio of renewable projects.

Clearway Energy (CWEN) Q3 Earnings Miss Mark, Sales Up Y/Y

Clearway Energy, Inc. (CWEN) CEO Christopher Sotos on Q3 2020 Results - Earnings Call Transcript

Clearway Energy (CWEN) delivered earnings and revenue surprises of -57.53% and -5.68%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?

Clearway Energy (CWEN) Q3 Earnings and Revenues Miss Estimates (Revised)

Clearway Energy (CWEN) delivered earnings and revenue surprises of -63.01% and -5.68%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?

Clearway Energy (CWEN) Q3 Earnings and Revenues Miss Estimates

PRINCETON, N.J., Nov. 05, 2020 (GLOBE NEWSWIRE) -- Clearway Energy, Inc. (NYSE: CWEN, CWEN.A) today reported third quarter 2020 financial results, including Net Income of $42 million, Adjusted EBITDA of $312 million, Cash from Operating Activities of $257 million, and Cash Available for Distribution (CAFD) of $171 million.

Clearway Energy, Inc. Reports Third Quarter 2020 Financial Results

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News for Clearway Energy Stock (CWEN)