Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Daily Feeds
Calendars
Economic Indicators
Class Actions
Calculators
Education
About Us
Working with TipRanks
Follow Us
Clearway Energy Inc (CWEN)
NYSE:CWEN
Holding CWEN?
Track your performance easily
Earnings Data
Report Date
Feb 27, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.03Last Year’s EPS
0.31Same Quarter Last Year
Strong Buy
Based on 8 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Nov 06, 2018
|% Change Since: 0.71%
|Next Earnings Date:Aug 02, 2018
Earnings Call Sentiment|Positive
The earnings call reflects a strong financial performance and strategic growth plans for Clearway Energy, with notable progress in investment commitments and a solid outlook for 2025 and beyond. Despite some challenges with previous wind asset availability and increased debt payments, the company appears well-positioned for future growth with a focus on prudent capital allocation.Company Guidance
During the third quarter 2024 earnings call, Clearway Energy, Inc. provided detailed guidance on its financial outlook and growth strategy. The company reported a year-to-date CAFD of $385 million and reaffirmed its 2024 CAFD guidance of $395 million. Looking ahead, Clearway established a 2025 CAFD guidance midpoint of $420 million and set a dividend target of $1.76 per share. For 2027, the company aims to achieve a CAFD per share range of $2.40 to $2.60, representing an annual growth of approximately 7.5% to 12% from the 2025 midpoint. Clearway plans to fund growth primarily through retained cash flow, targeting a payout ratio of 70% to 80% by 2027, and expects to maintain a prudent capital structure with modest external equity issuance. The company also highlighted its focus on disciplined capital allocation to support long-term CAFD per share growth of 5% to 8% or more.Strong Financial Performance
Clearway Energy reported a year-to-date CAFD of $385 million, putting the company in a strong position to meet or exceed its 2024 guidance. The company also achieved its best-ever safety key performance indicators in the first three quarters of the year.
Dividend and Growth Prospects
The company announced a fourth quarter dividend in line with its commitment for 7% EPS growth in 2024 and established a CAFD guidance for 2025 with a midpoint of $420 million. The dividend target for 2025 is set at $1.76 per share, with an intention to target dividend per share growth in 2026 at 6.5%.
Investment and Expansion Initiatives
Clearway concluded an investment commitment for the Pine Forest solar and storage project and received an offer to invest in Phase 1 of the Honeycomb storage projects. These investments demonstrate the company's ability to methodically assemble accretive growth opportunities.
Long-term Growth and Capital Allocation Framework
The company set a target for CAFD per share of $2.40 to $2.60 by 2027, reflecting a growth trajectory extension of approximately 7.5% to 12% compounded annually. The company plans to fund more growth from retained cash flow, targeting a payout ratio in 2027 within 70% to 80%.
---
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
---
CWEN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 30, 2024 | $25.34 | $27.37 | +8.01% |
| Aug 01, 2024 | $25.92 | $27.16 | +4.78% |
| May 09, 2024 | $23.83 | $25.36 | +6.42% |
| Feb 22, 2024 | $22.24 | $21.23 | -4.54% |
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.
---
FAQ
When does Clearway Energy Inc (CWEN) report earnings?
Clearway Energy Inc (CWEN) is schdueled to report earning on Feb 27, 2025, TBA Not Confirmed.
What is Clearway Energy Inc (CWEN) earnings time?
Clearway Energy Inc (CWEN) earnings time is at Feb 27, 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 2024 (Q4) is 0.03.
---