Clearway Energy reports Q1 EPS (2c)

Reports Q1 revenue $263M vs. $288M last year. “Clearway remains well positioned to achieve its 2024 financial objectives. We reported solid first quarter results highlighting the benefits of our fleet’s geographic and technological diversification,” said Craig Cornelius, CEO. “Furthermore, we have made additional progress on the execution toward our long-term objectives with the commitments to invest in Dan’s Mountain and Rosamond South and new resource adequacy contracts for our Conventional fleet. CWEN continues to expect to achieve the upper range of its 5% to 8% annual dividend growth objective without needing external capital through at least 2026. In 2027 we continue to see the potential for CAFD per share growth to be in that same range if the balance of our gas fleet contracts its capacity to deliver resource adequacy at the same or better pricing as recently disclosed contract awards.”