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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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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This Fool is adding Clearway Energy to his basket of renewable-energy investments.

Why I Just Bought This High-Yielding Renewable-Energy Stock

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Clearway Energy, Inc. (CWEN) CEO Chris Sotos on Q4 2019 Results - Earnings Call Transcript

Clearway Energy (CWEN) reports loss in the fourth quarter. It expects 2020 results to be driven by the acquisition of Carlsbad Energy Center completed in December 2019.

Clearway Energy (CWEN) Lags Q4 Earnings Estimates, Ups View

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PRINCETON, N.J., Feb.  19, 2020  (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 $0.21 per share payable on March 16, 2020 to shareholders of record as of March 2, 2020. This quarterly dividend represents $0.84 per share on an annualized basis, an increase relative to the fourth quarter 2019 dividend of $0.20 per share, or $0.80 per share annualized.

Clearway Energy, Inc. Increases Quarterly Dividend to $0.21 per Share

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PRINCETON, N.J., Dec.  11, 2019  (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 5.375% senior notes due 2024 (the “2024 Notes”).

Clearway Energy Operating LLC, a Subsidiary of Clearway Energy, Inc.,  Announces Expiration and Results of Cash Tender Offer for Its Outstanding 5.375% Senior Notes Due 2024

Clearway Energy (CWEN) completes the acquisition of 527-megawatt Carlsbad Energy Center. This is set to further expand its clean energy generation portfolio.

Clearway Energy Acquires Carlsbad, Expands Green Portfolio

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PRINCETON, NJ, Dec.  04, 2019  (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 $600.0 million in aggregate principal amount of 4.750% senior notes due 2028 (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 Pricing of Offering of $600.0 Million “Green Bond”

PRINCETON, N.J., Dec.  04, 2019  (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 approximately $500.0 million outstanding aggregate principal amount of its 5.375% senior notes due 2024 (the “2024 Notes”) with the net proceeds from Clearway Operating’s concurrent offering of $600.0 million in aggregate principal amount of senior notes due 2028 (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 December 4, 2019. The tender offer will expire at 5:00 p.m., New York City time, on December 10, 2019 (as such time and date may be extended, the “expiration time”).  Tendered 2024 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 5.375% Senior Notes Due 2024

PRINCETON, N.J., Dec.  04, 2019  (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 $600.0 million in aggregate principal amount of senior notes due 2028 (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 $600.0 Million "Green Bond"

While Clearway Energy offers a high yield and healthy growth prospects, there’s one major risk that bears watching.

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PRINCETON, N.J., Dec.  02, 2019  (GLOBE NEWSWIRE) --  Clearway Energy, Inc. (NYSE: CWEN, CWEN.A) (“Clearway Energy”) today announced that it has priced the previously announced underwritten public offering of 5,405,405 shares of its Class C common stock at a price of $18.70 per share.

Clearway Energy, Inc. Announces Pricing of Offering of Class C Common Stock

PRINCETON, N.J., Dec.  02, 2019  (GLOBE NEWSWIRE) --  Clearway Energy, Inc. (NYSE: CWEN, CWEN.A) (“Clearway Energy”) today announced that it has commenced an underwritten public offering of 5,405,405 shares of its Class C common stock. 

News for Clearway Energy Stock (CWEN)