Investors interested in Alternative Energy - Other stocks are likely familiar with Clearway Energy (CWEN) and Ormat Technologies (ORA) . But which of these two stocks is more attractive to value investors? We'll need to take a closer look to find out. We have found that the best way to discover great value opportunities is to pair a strong Zacks Rank with a great grade in the Value category of our Style Scores system. The Zacks Rank favors stocks with strong earnings estimate revision trends, and our Style ...

● Clearway Energy Clearway Energy, Inc. Third Quarter 2024 Results Presentation October 30, 2024 Safe Harbor This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements are subject to certain risks, uncertainties and assumptions, and typically can be identified by the use of words such as "expect," "estimate," "target," "anticipate," "forecast," "plan," "outlook," ...

Core Insights - Clearway Energy Inc. (CWEN) reported third-quarter 2024 earnings of 31 cents per share, missing the Zacks Consensus Estimate of 48 cents by 35.4%, but showing a significant increase of 933% from 3 cents in the same quarter last year [1] - Total revenues reached $486 million, exceeding the Zacks Consensus Estimate of $442 million by 9.8%, and increased by 31% from $371 million in the previous year [2] Financial Performance - Adjusted EBITDA for the quarter was $354 million, up from $323 million in the year-ago period [3] - Operating costs and expenses totaled $308 million, an increase of 11.2% from $277 million a year ago, primarily due to higher depreciation, amortization, and accretion costs [4] - Operating income for the quarter was $178 million, compared to $94 million in the previous year [4] - Interest expenses rose to $139 million from $48 million in the year-ago quarter [4] Financial Position - As of September 30, 2024, cash and cash equivalents were $292 million, down from $535 million as of December 31, 2023 [5] - Total liquidity decreased to $1.27 billion from $1.5 billion as of December 31, 2023 [5] - Long-term debt was $6.73 billion, reduced from $7.48 billion as of December 31, 2023 [5] - Net cash provided by operating activities for the first nine months of 2024 was $578 million, compared to $496 million in the same period last year [6] Guidance - The company expects 2024 net income and adjusted EBITDA of $90 million and $1.18 billion, respectively [7] - Cash from Operating Activities is projected to be $830 million for 2024 [7] - Clearway Energy reaffirmed its guidance for 2024 cash available for distribution (CAFD) at $395 million [7] - For full-year 2025, the company initiated CAFD guidance of $400-$440 million and expects adjusted EBITDA in the range of $1.195-$1.235 billion [8] Zacks Rank - CWEN currently holds a Zacks Rank 2 (Buy) [9]

Clearway Energy (CWEN) came out with quarterly earnings of $0.31 per share, missing the Zacks Consensus Estimate of $0.48 per share. This compares to earnings of $0.03 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -35.42%. A quarter ago, it was expected that this company created by NRG Energy to acquire and operate natural gas, solar and wind plants would post earnings of $0.50 per share when it actually produced earnings of ...

Clearway Energy Clearway Energy, Inc. Reports Third Quarter 2024 Financial Results • Signed agreement with Clearway Group to commit to invest in a 500 MW solar plus storage project • Received offer from Clearway Group to invest in a 320 MW storage hybridization project • Reaffirming 2024 financial guidance and initiating 2025 financial guidance • Increasing the quarterly dividend by 1.7% to $0.4240 per share in the fourth quarter of 2024, or $1.6960 per share annualized PRINCETON, NJ — October 30, 2024— Cle ...

Clearway Energy (CWEN) closed the most recent trading day at $26.98, moving +0.52% from the previous trading session. This change outpaced the S&P 500's 0.92% loss on the day. Elsewhere, the Dow saw a downswing of 0.96%, while the tech-heavy Nasdaq depreciated by 1.6%.The company created by NRG Energy to acquire and operate natural gas, solar and wind plants's stock has dropped by 10.41% in the past month, falling short of the Oils-Energy sector's loss of 9.71% and the S&P 500's gain of 2.68%.The upcoming e ...

Clearway Energy (CWEN) announced that it has started the construction of standalone solar and energy storage projects in Hopkins County, TX. This announcement comes after the completion of the projects financing. The company announced that a $665 million investment had been made in the 200-megawatt (MW) Pine Forest storage and 300-MW Pine Forest solar facilities. The energy storage system is designed to provide grid flexibility by storing excess power and delivering it during periods of high demand for elec ...

Investors looking for stocks in the Alternative Energy - Other sector might want to consider either Clearway Energy (CWEN) or Bloom Energy (BE) . But which of these two stocks presents investors with the better value opportunity right now? Let's take a closer look. There are plenty of strategies for discovering value stocks, but we have found that pairing a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system produces the best returns. The proven Zacks Rank puts an emp ...

Clearway Energy (CWEN) closed the latest trading day at $30.02, indicating a -1.48% change from the previous session's end. The stock's change was less than the S&P 500's daily gain of 0.4%. On the other hand, the Dow registered a gain of 0.62%, and the technology-centric Nasdaq increased by 0.6%. Prior to today's trading, shares of the company created by NRG Energy to acquire and operate natural gas, solar and wind plants had gained 6.13% over the past month. This has outpaced the Oils-Energy sector's loss ...

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sellside) analysts often affect a stock's price, do they really matter? Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Clearway Energy (CWEN) . Clearway Energy currently has an average brokerag ...