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Clearway Energy Inc (CWEN)
NYSE:CWEN
Earnings Data
Report Date
May 01, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.28Last Year’s EPS
-0.02Same Quarter Last Year
Strong Buy
Based on 7 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 24, 2025
|% Change Since: 8.03%
|Next Earnings Date:May 01, 2025
Earnings Call Sentiment|Positive
Clearway Energy's earnings call reflects a strong performance in 2024, exceeding financial and operational goals and making significant growth investments. The company is well-positioned for future growth with promising projects, particularly in renewable energy and data centers. While there are challenges related to tariffs and permitting, the overall sentiment is positive due to the company's strategic planning and strong execution.Company Guidance
During Clearway Energy's fourth-quarter earnings call, the company reported exceeding its financial and operational goals for 2024, achieving a full-year Cash Available for Distribution (CAFD) of $425 million, surpassing the guidance of $395 million. The company committed approximately $450 million to growth investments, bringing online over 1 gigawatt of renewable power generation and energy storage capacity. Looking ahead, Clearway reaffirmed its 2025 guidance range and expressed confidence in reaching the midpoint or better, supported by strong performance in its fleet and committed investments. The company aims to achieve the top half of its 2027 target range of $2.40 to $2.60 CAFD per share, driven by revenue contracting in its gas and renewable fleet and investments in projects like the Tuolumne acquisition and the Honeycomb storage projects. Clearway also highlighted its robust late-stage pipeline, capable of supporting over $750 million in potential corporate capital investments through 2029, as it continues to develop opportunities to serve growing electricity demand.Exceeding Financial and Operational Goals
Clearway Energy exceeded its key objectives for 2024, delivering full-year CAFD ahead of guidance and achieving dividend per share growth commitments.
Significant Growth Investments
Committed approximately $450 million in growth investments for 2024, including over 1 gigawatt of renewable power generation and energy storage capacity.
Record-Breaking Renewable Energy Projects
Successfully brought online over 1 gigawatt of renewable power generation and energy storage capacity.
Strong Performance in Flexible Generation Segment
The Flexible Generation segment showed solid availability, exceeding expectations and being fully contracted in 2026 with 78% contracted through 2027.
Strong Financial Results
Reported full-year adjusted EBITDA of $1.146 billion and CAFD of $425 million, surpassing the guidance of $395 million.
Promising Future with Data Center Projects
Clearway has 5 gigawatts of projects in development to serve data center demand, positioning it well for future growth.
Successful Asset Acquisitions
Signed a binding agreement to acquire Tuolumne, expected to generate approximately 12% five-year average annual CAFD yield.
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CWEN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CWEN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 24, 2025 | $27.01 | $26.29 | -2.67% |
| Oct 30, 2024 | $24.95 | $26.95 | +8.02% |
| Aug 01, 2024 | $25.52 | $26.74 | +4.78% |
| May 09, 2024 | $23.47 | $24.96 | +6.35% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Clearway Energy Inc (CWEN) report earnings?
Clearway Energy Inc (CWEN) is schdueled to report earning on May 01, 2025, TBA Not Confirmed.
What is Clearway Energy Inc (CWEN) earnings time?
Clearway Energy Inc (CWEN) earnings time is at May 01, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CWEN EPS forecast?
CWEN EPS forecast for the fiscal quarter 2025 (Q1) is -0.28.
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