Core Insights - Clearway Energy has announced a significant portfolio of contracts with Google, totaling 1.2 gigawatts, indicating a growing trend in hyperscaler renewable procurement, which is seen as an early but meaningful signal of increasing demand in the sector [1][5] Development Progress - Clearway has commercialized nearly all planned projects to support growth through 2027 and into 2028, backed by power purchase agreements (PPAs), mature interconnections, site control, and secured equipment [2] - The company is optimistic about its outlook for 2026 and is confident in meeting its 2026 guidance, with a clearer path to its 2027 and 2030 financial targets [3] Financial Objectives - Clearway aims to achieve approximately $3.10 cash available for distribution (CAFD) per share by 2030, planning to construct at least 2 gigawatts annually to sustain growth [5][7] - The Google-linked projects align with Clearway's framework of large projects and long-term contracts, enhancing confidence in reaching the upper end of its 2030 target [7] Strategic Approach - The company emphasizes an "all-of-the-above" strategy, incorporating renewables, batteries, and contracted gas, with a focus on predictable cash flows and disciplined capital allocation [4][12] - Clearway's projects are designed to ensure predictable, long-term contracted cash flows with low variability, utilizing a mix of renewable and gas resources [12][13] Market Trends - There is an expected increase in "front-of-the-meter" contracting for data center customers, with a shift towards ambitious projects that integrate solar, wind, batteries, and gas [6] - The company anticipates that contracting announcements will become larger and more routine as it scales towards building 2 gigawatts or more annually [16] Battery and Gas Integration - Clearway is particularly positive about battery storage, citing its reliability and predictability as a cash flow source, with structured long-term contracts [14] - Gas resources are intended to complement renewables and batteries, providing capacity confidence for utilities and data centers [13] Acquisition and Financing Strategy - Clearway has demonstrated CAFD yields above its 10.5% target in recent transactions and aims to maintain a disciplined capital allocation framework [10][11] - The company does not factor third-party acquisitions into its growth plans but sees potential for accretive acquisitions in the current market environment [16]

Group 1 - The discussion focuses on the clean energy landscape and specific trends related to Clearway [1][2] - There is a sense of optimism as the conversation shifts towards new directions and higher expectations for the future [2] - The analyst emphasizes the importance of understanding key trends for the year 2026 and invites insights from Craig Cornelius [2]

Summary of Clearway Energy Conference Call Company Overview - **Company**: Clearway Energy, Inc. - **Industry**: Clean Energy, specifically focusing on renewable energy projects and power purchase agreements (PPAs) with major corporations like Google. Key Points and Arguments 1. Strong Outlook for 2026 - Clearway Energy is optimistic about its performance in 2026, following a successful execution year in 2025. The company feels confident in meeting its guidance for 2026 and has already commercialized most of its planned projects through 2027 and into 2028 [3][4]. 2. Partnership with Google - The recent announcement of a 1.2 GW PPA with Google is seen as a significant milestone, indicating a shift in the clean energy landscape. This partnership is expected to lead to more contracts with other hyperscalers and renewable energy companies [7][9]. - The contracts with Google are long-term and diverse in geography, which enhances Clearway's growth prospects and aligns with Google's clean energy goals [9][10]. 3. Growth Projections - Clearway aims for a sustainable growth rate of 8%+ over time, supported by a robust pipeline of projects and strong relationships with key customers [5][18]. - The company has set a target of achieving $3.10 in cash available for distribution (CAFD) per share by 2030, with a focus on constructing 2 GW of projects annually [20][21]. 4. Capital Allocation and Financial Metrics - Clearway maintains a capital allocation framework aiming for a leverage ratio of 4-4.5x and a CAFD yield of 10.5% or better. The company is focused on delivering predictable cash flows and high returns to shareholders [29][49]. - The company has successfully exceeded the 10.5% CAFD yield in recent projects, which is expected to continue as they capitalize on new opportunities [49]. 5. Technology and Resource Mix - Clearway is committed to a diverse energy portfolio, including renewable resources, gas, and battery storage. The company believes that a mix of these technologies will provide the most reliable and cost-effective energy solutions [54][56]. - The company sees a significant role for gas resources in complementing renewable energy, especially in providing reliability and firming capabilities [54][55]. 6. Future of Renewable Energy Post-2030 - Clearway anticipates that the renewable energy landscape will continue to grow even after the expiration of tax credits in 2030. The company expects to see a mix of renewable, gas, and battery resources remain essential for meeting energy demands [62][66]. - The company is preparing for a future where renewable projects will need to stand on their own economically, without tax incentives [63][66]. 7. Storage Opportunities - Clearway is optimistic about the potential for battery storage, which has proven to be reliable and effective in enhancing grid performance. The company is focused on developing domestic supply chains for battery production [70][73]. 8. Capital Raising Strategy - Clearway plans to maintain a disciplined approach to capital raising, balancing equity issuance with its growth objectives. The company aims to continue raising capital in a manner consistent with premium utilities [29][80]. Additional Important Insights - The company is focused on building large-scale projects and expects to see larger contracting announcements as it grows. This shift reflects the increasing scale of the clean energy market and Clearway's capabilities [75][76]. - Clearway's strategy includes developing projects in phases, allowing for incremental capital allocation and reporting on progress [77][78]. This summary encapsulates the key insights and strategic directions discussed during the conference call, highlighting Clearway Energy's commitment to growth, innovation, and sustainable energy solutions.

Unlike prior energy cycles, this demand surge is not being met by a single favored source. Instead, everything is needed, from traditional generation, renewables, nuclear, hydrogen, battery storage, and distributed on-site power solutions. That reality has created a unique setup for alternative energy companies operating across infrastructure, storage, and next-generation power technologies.AI data centers are massive consumers of electricity. As hyperscalers race to expand capacity, and as companies reshor ...

Alphabet Inc. (NASDAQ:GOOGL) is one of the 15 Best S&P 500 Stocks to Look For in 2026. On January 15, Alphabet Inc.’s (NASDAQ:GOOGL) Google recently awarded three new long-term power purchase agreements (PPAs) to Clearway Energy Group, Inc. (NYSE:CWEN), as reported by Clearway Energy. This development is part of Clearway’s 2025 plan, which includes three projects in states including Missouri, Texas, and West Virginia. These projects total approximately 1.17 GW of carbon-free energy projects. As per the ...

Key Points Clearway Energy is in a strong position to capitalize on growing clean power demand. It has excellent growth visibility through 2030. Clearway has plenty of power to continue growing at a healthy rate in 2031 and beyond. 10 stocks we like better than Clearway Energy › Clearway Energy (NYSE: CWEN)(NYSE: CWEN.A) is one of the largest owners of clean generation assets in the country with 12.7 gigawatts (GW) of wind, solar, energy storage, and natural gas capacity. Despite that, it tends to ...

PRINCETON, N.J., Jan. 20, 2026 (GLOBE NEWSWIRE) -- Clearway Energy, Inc. (NYSE: CWEN, CWEN.A) plans to report Fourth Quarter 2025 financial results on Monday, February 23, 2026. Management will present the results during a conference call and webcast at 5:00 p.m. Eastern. A live webcast of the conference call, including presentation materials, can be accessed through the Company’s website at http://www.clearwayenergy.com and clicking on “Presentations & Webcasts” under the Investor Relations section. The we ...

Group 1: Renewable Energy Stocks Overview - Quanta Services, WEC Energy Group, and Clearway Energy are highlighted as key renewable energy stocks to monitor, based on their high trading volume recently [2] - Renewable energy stocks represent companies focused on producing energy from renewable sources or providing related equipment and services, appealing to investors seeking exposure to the shift from fossil fuels [2] Group 2: Quanta Services (PWR) - Quanta Services, Inc. offers infrastructure solutions across various sectors including electric and gas utilities, renewable energy, and communications, operating in the U.S., Canada, Australia, and internationally [3] - The company’s Electric Power Infrastructure Solutions segment is involved in the design, construction, and maintenance of electric power transmission and distribution infrastructure, including smart grid technologies [3] Group 3: WEC Energy Group (WEC) - WEC Energy Group, Inc. provides regulated natural gas and electricity services, along with renewable energy services through its subsidiaries, operating in multiple states including Wisconsin and Illinois [4] Group 4: Clearway Energy (CWEN) - Clearway Energy, Inc. operates in the renewable energy sector in the U.S., with approximately 6,000 net MW of installed wind, solar, and energy generation projects, and around 2,500 net MW of natural gas-fired generation facilities [4]

Core Viewpoint - Clearway Energy has experienced a significant stock price increase due to new long-term power purchase agreements with Google, enhancing its revenue visibility and growth outlook [2][4]. Group 1: Stock Performance - Clearway Energy (CWEN) shares rose by 6.8% to $35.38 in the last trading session, with a higher-than-average trading volume [1]. - The stock has gained 1.7% over the past four weeks, indicating a positive trend [1]. Group 2: Power Purchase Agreements - Clearway Energy Group has signed three long-term power purchase agreements with Google for a total of 1.17 GW of carbon-free energy across Missouri, Texas, and West Virginia [2]. - These agreements will supply carbon-free power to regional grids for up to 20 years, supporting Google's data center operations [2]. - The contracts are expected to enhance revenue visibility and improve long-term cash flow stability for Clearway Energy [2]. Group 3: Generation Portfolio - Clearway Energy's generation portfolio primarily consists of modern solar and wind assets, which require lower maintenance capital expenditures [3]. - This cost advantage supports stronger operating margins for the company [3]. Group 4: Financial Expectations - Clearway Energy is projected to report a quarterly loss of $0.21 per share, reflecting an 800% year-over-year decline [4]. - Expected revenues for the quarter are $304.76 million, representing a 19.1% increase from the previous year [4]. Group 5: Earnings Estimates and Stock Trends - The consensus EPS estimate for Clearway Energy has remained unchanged over the last 30 days, indicating stability in earnings expectations [6]. - A lack of trend in earnings estimate revisions may affect the stock's price movement, suggesting the need for close monitoring of CWEN [6].

Core Insights - Clearway Energy Group has executed three new long-term power purchase agreements (PPAs) with Google, totaling 1.17 GW of carbon-free energy projects in Missouri, Texas, and West Virginia [1][2] Group 1: Agreements and Investments - The new agreements will provide carbon-free energy to support Google's data centers for up to 20 years, with an investment exceeding $2.4 billion in energy infrastructure [2] - Construction on the projects, which will exceed 1 GW, is set to begin this year, with the first sites expected to be operational in 2027 and 2028 [3] Group 2: Partnership and Community Impact - The new agreements expand upon an existing 71.5 MW PPA in West Virginia, bringing the total partnership capacity to 1.24 GW [3] - The projects are expected to generate significant local benefits, including tax revenue for schools and hospitals, hundreds of construction jobs, and community initiatives like Clearway's Adopt-a-School program [4] Group 3: Company Overview - Clearway Energy Group's portfolio includes over 13 GW of gross generating capacity across 27 states, with a focus on clean energy solutions [5] - The company operates a diverse range of energy assets, including 2.8 GW of flexible dispatchable power generation and 10.3 GW of battery energy storage [5]