Clearway Energy ( (CWEN) ) has released its Q4 earnings. Here is a breakdown of the information Clearway Energy presented to its investors.
Clearway Energy, Inc. is a leading U.S. company in the clean energy sector, owning a diverse portfolio of wind, solar, and battery energy storage systems, along with conventional power capacity, to provide reliable grid services and stable dividend income to investors.
In its latest earnings report for the year 2024, Clearway Energy announced a net loss of $63 million, but achieved an adjusted EBITDA of $1,146 million and cash from operating activities of $770 million. The company also declared an increase in its quarterly dividend and reaffirmed its financial guidance for 2025.
Key highlights from the report include Clearway’s commitment to $450 million in new capital investments, agreements for wind and storage projects, and a strategic acquisition of a 137 MW wind project. The company’s renewable segment showed significant growth, with a 24% increase in generation compared to the previous year, driven by new investments and favorable wind conditions.
Despite the net loss, Clearway Energy’s strategic investments and operational improvements position the company for future growth. Management remains optimistic about achieving its financial targets, including a cash available for distribution per share of $2.40 to $2.60 by 2027.
Looking ahead, Clearway Energy is focused on executing its growth plans and enhancing cash flows through new contracts and project repowerings, aiming to deliver consistent returns to its shareholders.