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Clearway Energy Inc (CWEN.A)
NYSE:CWEN.A
Earnings Data
Report Date
May 01, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.24Last Year’s EPS
-0.02Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 24, 2025
|% Change Since: 13.03%
|Next Earnings Date:May 01, 2025
Earnings Call Sentiment|Positive
Clearway Energy exhibited strong financial performance in 2024, exceeding its targets and setting a robust growth outlook through 2027. The company made significant growth investments and secured new contracts, particularly in the data center segment. However, challenges such as lower wind resources and high capital costs present risks. Overall, the highlights outweigh the lowlights, indicating a healthy growth trajectory.Company Guidance
In the fourth quarter earnings call for Clearway Energy, Inc., several key performance metrics and future guidance points were highlighted. For the fiscal year 2024, Clearway exceeded its financial objectives, reporting a full-year adjusted EBITDA of $1.146 billion and a CAFD (Cash Available for Distribution) of $425 million, surpassing their guidance of $395 million. The company achieved its dividend per share growth commitment and delivered its full-year CAFD ahead of guidance. For 2025, Clearway reaffirmed its guidance range of $400 million to $440 million in CAFD, with expectations to reach the midpoint or better. The company committed to approximately $450 million in growth investments and brought online over 1 gigawatt of renewable power generation and energy storage capacity. It also expanded its portfolio with the acquisition of Tuolumne, contributing an expected 12% five-year average annual CAFD yield. Looking ahead to 2027, Clearway is targeting a CAFD per share range of $2.40 to $2.60, aiming for the top half of this range. The company plans further investments in its existing fleet, such as the Honeycomb storage projects and the repowering of Mt Storm, supported by a PPA with a major technology company. Additionally, Clearway strengthened its growth outlook through new revenue contracting in its existing fleet and continued development of a pipeline of CWEN compatible projects, positioning itself for robust growth in the coming years.Exceeded 2024 Financial Objectives
Clearway Energy exceeded its financial and operational results for 2024, delivering full-year CAFD ahead of guidance at $425 million compared to the guidance of $395 million.
Commitment to Growth Investments
Clearway committed approximately $450 million of growth investments in 2024 and brought online over 1 gigawatt of renewable power generation and energy storage capacity.
New Growth Prospects for 2027
Clearway reaffirms its 2025 guidance range and is confident in meeting the midpoint or better through committed investments and strong fleet performance. They aim for the top half of their 2027 target range of $2.40 to $2.60 per share.
Significant New Contracts
New RA contracts at El Segundo and a PPA extension at Wildorado collectively increase CAFD per share outlook without deploying incremental capital.
Strong Position with Data Center Segment
Clearway is developing 5 gigawatts of projects to serve data center demand and is establishing multi-technology gigawatt-scale clean-energy complexes across five states.
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CWEN.A 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.A Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 24, 2025 | $25.40 | $24.74 | -2.60% |
| Oct 30, 2024 | $23.28 | $25.28 | +8.59% |
| Aug 01, 2024 | $23.49 | $24.70 | +5.15% |
| May 09, 2024 | $21.65 | $22.95 | +6.00% |
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.A) report earnings?
Clearway Energy Inc (CWEN.A) is schdueled to report earning on May 01, 2025, TBA Not Confirmed.
What is Clearway Energy Inc (CWEN.A) earnings time?
Clearway Energy Inc (CWEN.A) 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.A EPS forecast?
CWEN.A EPS forecast for the fiscal quarter 2025 (Q1) is -0.24.
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