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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PRINCETON, N.J., March 09, 2021 (GLOBE NEWSWIRE) -- Clearway Energy Operating LLC (“Clearway Operating”), a subsidiary of Clearway Energy, Inc. (NYSE: CWEN, CWEN.A) (“Clearway Energy”), announced the expiration and results of its previously announced cash tender offer (the “Tender Offer”) to purchase any and all of its outstanding 5.750% senior notes due 2025 (the “2025 Notes”).

Clearway Energy Operating LLC, a Subsidiary of Clearway Energy, Inc., Announces Expiration and Results of Cash Tender Offer for Its Outstanding 5.750% Senior Notes Due 2025

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PRINCETON, NJ, March 02, 2021 (GLOBE NEWSWIRE) -- Clearway Energy Operating LLC (“Clearway Operating”), a subsidiary of Clearway Energy, Inc. (NYSE: CWEN, CWEN.A) (“Clearway Energy”), has priced its offering of $925 million in aggregate principal amount of 3.750% senior notes due 2031 (the “New Notes”) at a price to the public of 100% of their face value. The New Notes will be senior unsecured obligations of Clearway Operating and will be guaranteed by Clearway Energy LLC, Clearway Operating's parent company, and by each of Clearway Operating's wholly owned current and future subsidiaries that guarantees indebtedness under its credit agreement.

Clearway Energy Operating LLC, a Subsidiary of Clearway Energy, Inc., Announces Pricing of Offering of $925 Million “Green Bond”

CWEN owns and operates a portfolio of renewable energy and natural gas assets across the United States. The winter storm in Texas did briefly freeze the company's wind turbines in the state, but it should have only a negligible impact on earnings.

Clearway Energy: Another Chance To Buy This Long-Term Dividend Growth Play

PRINCETON, N.J., March 02, 2021 (GLOBE NEWSWIRE) -- Clearway Energy Operating LLC (“Clearway Operating”), a subsidiary of Clearway Energy, Inc. (NYSE: CWEN, CWEN.A) (“Clearway Energy”), announced that it has commenced a cash tender offer to purchase any and all of the $600 million outstanding aggregate principal amount of its 5.750% senior notes due 2025 (the “2025 Notes”) with a portion of the net proceeds from Clearway Operating's concurrent offering of $925 million in aggregate principal amount of senior notes due 2031 (the “New Notes”), which was also announced today by Clearway Operating. The tender offer is being made pursuant to an offer to purchase, related letter of transmittal and notice of guaranteed delivery, each dated as of March 2, 2021. The tender offer will expire at 5:00 p.m., New York City time, on March 8, 2021 (as such time and date may be extended, the “expiration time”).  Tendered 2025 Notes may be withdrawn at any time before the expiration time.

Clearway Energy Operating LLC, a Subsidiary of Clearway Energy, Inc., Announces Cash Tender Offer and Concurrent Redemption Notice for Any and All of Its Outstanding 5.750% Senior Notes Due 2025

PRINCETON, N.J., March 02, 2021 (GLOBE NEWSWIRE) -- Clearway Energy Operating LLC (“Clearway Operating”), a subsidiary of Clearway Energy, Inc. (NYSE: CWEN, CWEN.A) (“Clearway Energy”), intends to commence an offering of $925 million in aggregate principal amount of senior notes due 2031 (the “New Notes”). The New Notes will be senior unsecured obligations of Clearway Operating and will be guaranteed by Clearway Energy LLC, Clearway Operating's parent company, and by each of Clearway Operating's wholly owned current and future subsidiaries that guarantees indebtedness under its credit agreement.

Clearway Energy Operating LLC, a Subsidiary of Clearway Energy, Inc., Announces Proposed Offering of $925 Million “Green Bond”

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This High-Yielding Renewable Energy Stock Has Powerful Dividend Growth Ahead

Clearway Energy's (CWEN) four-quarter earnings and revenues fell short of estimates. The company expects lower volumetric sales at the Thermal segment through 2021 due to the pandemic.

Clearway Energy (CWEN) Q4 Earnings & Revenues Miss Estimates

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Clearway Energy, Inc.'s (CWEN) CEO Christopher Sotos on Q4 2020 Results - Earnings Call Transcript

PRINCETON, N.J., March 01, 2021 (GLOBE NEWSWIRE) -- Clearway Energy, Inc. (NYSE: CWEN, CWEN.A) today reported fourth quarter 2020 financial results, including Net Loss of $73 million, Adjusted EBITDA of $229 million, Cash from Operating Activities of $104 million, and Cash Available for Distribution (CAFD) of $30 million.

Clearway Energy, Inc. Reports Full Year 2020 Financial Results

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PRINCETON, N.J., Feb. 24, 2021 (GLOBE NEWSWIRE) -- Clearway Energy, Inc. (NYSE: CWEN, CWEN.A) (“CWEN”, “Company”) is today announcing an update regarding the impact related to the extreme winter weather experienced recently in Texas. Certain of the Company's wind projects were unable to operate and experienced outages due to the weather conditions. These projects are now operating within expectations. The Company continues to assess the full financial exposure related to the circumstances, including potential mitigants, ongoing discussions with contractual counterparties, any potential disputes which may result and any state sponsored solutions to address the financial impacts caused by the circumstances. Based on available information, the Company currently estimates a direct cash impact between $20 million and $30 million in 2021.

Clearway Provides Update Regarding Recent Texas Weather Events

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: What to Know Ahead of Next Week's Release

PRINCETON, N.J., Feb. 16, 2021 (GLOBE NEWSWIRE) -- Clearway Energy, Inc. (NYSE: CWEN, CWEN.A) today announced that its Board of Directors declared a quarterly dividend on each of the Company's Class A and Class C common stock of $0.324 per share payable on March 15, 2021 to shareholders of record as of March 1, 2021. This quarterly dividend represents $1.296 per share on an annualized basis, an increase of 1.9% over the fourth quarter 2020 dividend of $0.318 per share, or $1.272 per share annualized.

Clearway Energy, Inc. Increases Quarterly Dividend to $0.324 per Share

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PRINCETON, N.J., Feb. 08, 2021 (GLOBE NEWSWIRE) -- Clearway Energy, Inc. (NYSE: CWEN, CWEN.A) plans to report Fourth Quarter 2020 financial results on Monday, March 1, 2021. Management will present the results during a conference call and webcast at 8:00 a.m. Eastern.

Clearway Energy, Inc. to Report Fourth Quarter 2020 Financial Results on March 1, 2021

CWEN has been on a great run and is in an in-favor sector with strong growth tailwinds. The dividend yield and dividend growth outlook look attractive.

The Case Against Clearway Energy

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News for Clearway Energy Stock (CWEN)