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

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

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.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

British American Tobacco

Sociedad Quimica Y Minera De Chile

With a record year for equities in the rearview mirror, investors wonder whether 2024 can bring more of the same. Many will look to protect the gains they made by seeking investments that smooth out volatility.

3 Ultra High-Yield Stocks With Sustainable Dividends to Buy Now

Kenvue

Vici Properties

Clearway Energy has the power to deliver high-end dividend growth in 2024. Kenvue should deliver the first of many dividend increases in the coming year.

3 Top Dividend Stocks I Can't Wait to Buy in 2024

Clearway Energy's Class A shares have a 6.1% annualized forward dividend yield after largely recovering from a dip driven by the post-summer collapse of NextEra Energy Partners. The company's sponsor has a $1.8 billion equity stake as the yieldco aims for a 7% dividend per share growth in 2024. Drop-down opportunities are huge and CWEN is set to ramp up cash available for distribution over the next few years.

Clearway Energy: My Largest Renewable Energy Position, 6.1% Dividend Yield

Citizens Financial Group

Civitas Resources

Comerica

Columbia Banking System

Guess?

Lincoln National

Organon & Co

AT&T

Uniti Group

Whirlpool

Investors have different approaches to stock dividends. Some have no interest in current income and would prefer companies to focus on growing their businesses, rather than distributing cash to shareholders.

11 dividend stocks with high yields expected to be well supported in 2024 per strict criteria

Canadian Solar

Noble Corp PLC

Offshore rig company Noble Corporation could lock in record high contract rates in 2024 for most of its fleet.  Clearway Energy has all the power it needs to secure high-end dividend growth through 2026.

3 Brilliant Energy Stocks That Could Deliver High-Octane Returns in 2024

Brookfield Renewable Partners

Canadian Solar is a rare renewable energy company selling for a dirt cheap valuation. Brookfield Renewable's growth prospects are stronger than ever.

3 Renewable Energy Growth Stocks to Buy Hand Over Fist Before 2024

Brookfield Infrastructure Partners L.P.

Brookfield Infrastructure

Energy Transfer LP Unit

Realty Income Corp

Spirit Realty Capital

Verizon

Dividend stocks can make excellent passive income investments. These five companies offer higher-yielding payouts that they regularly increase.

Got $5,000? Here's How to Turn It Into Over $300 of Annual Passive Income in 2024

Clearway Energy is a mid-cap stock in the renewable energy sector with strong growth potential. The company is backed by prominent investors and has a visible growth trajectory until 2026 and beyond. I'm cautious of the operational unpredictability and high-interest rate pressure on the cost of capital.

Clearway Energy: Growth With Aligned Sponsors And Long-Term Contracts

ACM Research

PGT Innovations

One of the greatest money managers of all time, Peter Lynch took Fidelity Magellan from $20 million in assets under management (AUM) in 1977 to $14 billion AUM in 1990 when he retired. That's a better than 29% annual average return over that period.

3 Under-the-Radar Stocks Peter Lynch Would Love

ALLETE

Rising cost of capital could upend NextEra's growth story -- and its dividend.

2 Better High-Yield Stocks to Buy Than NextEra Energy

W.P. Carey and Clearway have both underperformed recently due to macroeconomic conditions. Both stocks will be added to new S&P indexes on Thursday.

Why W.P Carey and Clearway Energy Stocks Are Soaring Today

Banc of California

S&P Global

Veritiv

Worthington Industries

W. P. Carey

NEW YORK, Nov. 27, 2023 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P MidCap 400 and S&P SmallCap 600 effective prior to the open of trading on Thursday, November 30: Carlyle Group Inc. (NASD: CG) will replace ICU Medical Inc. (NASD: ICUI) in the S&P MidCap 400. ICU Medical will replace PacWest Bancorp (NASD: PACW) in the S&P SmallCap 600.

Carlyle Group and WP Carey Set to Join S&P MidCap 400; Others to Join S&P SmallCap 600

Agree Realty

American Electric Power Company

Alexandria Real Estate Equities

Hannon Armstrong Sustainable Infrastructure Capital

iShares Global Clean Energy ETF

Mid-America Apartment Communities

Roundhill Magnificent Seven ETF

NextEra Energy

Global X Renewable Energy Producers ETF

Simon Property Group

SPDR S&P 500 ETF Trust

TotalEnergies SE

Vanguard Real Estate ETF

Utilities Select Sector SPDR Fund

Cash levels in money market funds have surged over the past year despite the S&P 500's strong performance, indicating investors' conservative approach. As interest rates decrease, rate-sensitive sectors such as real estate, utilities, and renewable energy should enjoy a relief rally. Now is the time to deploy investable cash into dividend stocks in these rate-sensitive sectors, as they are likely to produce rising income streams while money markets see falling payouts.

Now Is The Time To Deploy Your Cash

Despite initial concerns of a recession, the U.S. economy is poised to outperform expectations in 2024, according to Goldman Sachs Research. The forecast indicates a robust expansion with a projected 2.1% increase in U.S. GDP for the full year.

3 Solar Stocks You'll Regret Not Buying Soon: November 2023

Black Hills

Devon Energy

Black Hills is feeling the hit from higher interest rates but that's an opportunity for long-term investors looking for a reliable dividend stock in the energy sector. Clearway Energy already has all the power needed to deliver upper-end dividend growth through 2026.

These High-Yield Energy Stocks Got Crushed in 2023. Here's Why It's Time to Buy Them.

Chevron

Enbridge

Kinder Morgan

Phillips 66

Schlumberger

With oil prices dipping below the $80 mark this month, it's plausible to think that the energy stock rally has hit its peak. Yet, this could be a premature assumption.

7 Energy Stocks You'll Regret Not Buying Soon: November 2023

EnerSys

Invesco Solar ETF

Clearway Energy has all the power it needs to deliver on its dividend growth plan.  EnerSys has been an energy storage winner for decades, and investors should expect that to continue.

Renewable Energy Stocks Got Crushed in 2023. 3 Top Stocks You Won't Regret Buying on the Dip.

Array Technologies

Fluence Energy

Renewable energy stocks have taken a beating over the past year. This is due to a number of factors, including higher interest rates.

3 Stocks Leading the Way in Renewable Energy

First Solar

General Electric

SM Energy

Southwestern Energy

Despite the massive volatility in the stock market over the last year, there are many renewable energy stocks providing great value. Renewable energy is the future of the world.

Renewable Energy Titans: 7 Top Picks for Growth and Profitability

Air Products and Chemicals

Bloom Energy

Dominion Energy

Darling Ingredients

Wayne Gretzky once said, “I skate to where the puck is going, not where it has been.” For our purposes, it simply tells us to invest based on what will happen in the future, rather than relying on current events to determine where to put your money.

7 Energy Stocks to Invest in for the Clean Energy Revolution

Clearway Energy, Inc. (CWEN) Q3 2023 Earnings Call Transcript

Clearway Energy's (CWEN) third-quarter earnings miss estimates. The company continues to achieve the upper range of its annual dividend growth target.

Clearway Energy (CWEN) Q3 Earnings Lag Estimates, Sales Beat

PRINCETON, N.J., Nov. 02, 2023 (GLOBE NEWSWIRE) -- Clearway Energy, Inc. (NYSE: CWEN, CWEN.A) today reported third quarter 2023 financial results, including Net Income of $15 million, Adjusted EBITDA of $323 million, Cash from Operating Activities of $287 million, and Cash Available for Distribution (CAFD) of $156 million.

Clearway Energy, Inc. Reports Third Quarter 2023 Financial Results

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) Reports Next Week: Wall Street Expects Earnings Growth

Cameco

Exxon Mobil

While energy stocks as a broader market segment have been rather inconsistent this year, over the long run, demand should turn decisively in the positive direction. It really comes down to simple math.

7 Energy Stocks That Have Much More Room to Run

News for Clearway Energy Stock (CWEN)