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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Clearway Energy Offers Recession-Proof Revenue, Dividend Growth

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

Why Is Clearway Energy (CWEN) Up 12.1% Since Last Earnings Report?

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PRINCETON, N.J., May  19, 2020  (GLOBE NEWSWIRE) -- Clearway Energy Operating LLC (“Clearway Operating”), a subsidiary of Clearway Energy, Inc. (NYSE: CWEN, CWEN.A) (“Clearway Energy”), has priced its upsized offering of $250 million in aggregate principal amount of its 4.750% Senior Notes due 2028 (the “Additional Notes”). The Additional Notes will be issued at 102.0% of par, plus accrued interest from December 11, 2019. The offering is expected to close on May 21, 2020, subject to customary conditions.

Clearway Energy Operating LLC, a Subsidiary of Clearway Energy, Inc., Announces Pricing of Upsized Offering of $250 Million of Additional “Green Bond” Senior Notes Due 2028

PRINCETON, N.J., May  19, 2020  (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 $200 million in aggregate principal amount of its 4.750% Senior Notes due 2028 (the “Additional Notes”). The Additional Notes are being offered as an additional issue of Clearway Operating’s existing $600 million aggregate principal amount of 4.750% Senior Notes due 2028 that Clearway Operating issued on December 11, 2019 (the “Initial Notes”). The Additional Notes will be issued under the same indenture as the Initial Notes, will be treated as a single class of debt securities with the Initial Notes and will have the same terms, other than the issue date and offering price. Like the Initial Notes, the Additional 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 $200 Million of Additional “Green Bond” Senior Notes Due 2028

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Princeton, N.J., May  14, 2020  (GLOBE NEWSWIRE) -- Clearway Energy, Inc. (NYSE: CWEN, CWEN.A) (“Company”), today announced that, through indirect subsidiaries of the Company, it has closed a transaction to divest its residential solar portfolio for cash proceeds to the Company of $75 million1. Additionally, the Company has also closed the previously announced agreement to acquire Clearway Group’s (CEG) interest in Repowering Partnership II LLC (Repowering 1.0) for $70 million.

Clearway Energy, Inc. Announces Divesture of Residential Solar Portfolio and Closing of Acquisition of Remaining Interest in Repowering 1.0

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Clearway Energy (CWEN) delivered earnings and revenue surprises of -500.00% and 11.21%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?

Clearway Energy (CWEN) Reports Q1 Loss, Tops Revenue Estimates (Revised)

Clearway Energy's (CWEN) first-quarter loss is wider than expected. The company maintains its CAFD guidance for 2020.

Clearway Energy (CWEN) Q1 Loss Wider Than Expected, Sales Top

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Clearway Energy, Inc. (CWEN) CEO Chris Sotos on Q1 2020 Results - Earnings Call Transcript

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Clearway Energy (CWEN) continues to expand the clean electricity generation portfolio through systematic acquisition of renewable assets.

Clearway Energy (CWEN) to Acquire Renewable Energy Projects

PRINCETON, N.J., April  20, 2020  (GLOBE NEWSWIRE) -- Clearway Energy, Inc. (NYSE: CWEN, CWEN.A) (“Company”), today announced that, through indirect subsidiaries of the Company, it has entered into binding agreements related to the previously announced drop-down offer from Clearway Group (“CEG”) to acquire and invest in a portfolio of renewable energy projects. These agreements commit the Company, at closing, to invest an estimated $241 million in corporate capital, subject to closing adjustments1. The transactions are expected to have a five-year average annual asset CAFD of approximately $23 million prior to corporate financing costs.

Clearway Energy, Inc. Announces Binding Agreements to Acquire and Invest in a Portfolio of Renewable Energy Projects

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PRINCETON, N.J., March  26, 2020  (GLOBE NEWSWIRE) -- Clearway Energy, Inc. (NYSE: CWEN, CWEN.A) (the “Company” or “Clearway Energy”) today announced that, due to the emerging public health impact of the COVID-19 (Coronavirus) pandemic, the location of the Company’s 2020 annual meeting of stockholders (the “Annual Meeting”) has been changed from an in-person meeting to a virtual meeting. As previously announced, the Annual Meeting will still be held at 9:00 a.m., Eastern Time, on Thursday, April 30, 2020, but will be held only in a virtual meeting format.

Clearway Energy, Inc. Announces Change to Virtual 2020 Annual Meeting of Stockholders

News for Clearway Energy Stock (CWEN)