Financial Performance & Guidance - Clearway Energy narrowed its 2025 Cash Available for Distribution (CAFD) guidance to the top half of the original range, targeting $420-440 million[13] - The company established a 2030 CAFD per share target of $2.90-3.10, representing a 7-8% compound annual growth rate (CAGR) from 2025-2030[13] - Clearway Energy set the 2026 CAFD guidance range at $470-510 million[61] - The company is targeting 2026 Dividend Per Share (DPS) growth of 6.5%, consistent with prior commitments[65] - Third quarter 2025 Adjusted EBITDA reached $385 million, with year-to-date (YTD) figures at $980 million[58] - Third quarter 2025 CAFD was $166 million, bringing the YTD total to $395 million[58] Growth Strategy & Pipeline - Clearway Group's late-stage project pipeline includes approximately 11 GW of projects through 2032[96] - The company has signed or been awarded 1.8 GW of Power Purchase Agreements (PPAs) to supply data centers[13] - Clearway Energy is targeting CAFD yields of approximately 10.5% on future investments for 2028 COD vintages and beyond[13] Capital Allocation & Funding - Clearway Energy plans to deploy >=$2.5 billion between 2026-2029 to meet its 2030 goals[69] - The company anticipates that retained cash flows will become a growing source of funding, targeting a payout ratio approaching 70% by 2030[13] - Clearway Energy is targeting a payout ratio of less than 70% after 2030 to increase de-risked funding sources for growth of 5-8+% in 2031+[13]

Financial Performance - Clearway Energy, Inc. reported a Net Income of $60 million for Q3 2025, an increase from $27 million in Q3 2024[1][4] - Adjusted EBITDA for Q3 2025 was $385 million, up from $354 million in Q3 2024, driven by growth investments and higher wind resources[1][5][8] - Total operating revenues for Q3 2025 were $429 million, compared to $486 million in Q3 2024, reflecting a decrease of 11.7%[31] - Operating income decreased to $112 million in Q3 2025 from $178 million in Q3 2024, a decline of 37.0%[31] - Net income attributable to Clearway Energy, Inc. was $236 million in Q3 2025, significantly up from $36 million in Q3 2024[31] - Earnings per share for Class A and Class C common stockholders increased to $2.00 in Q3 2025 from $0.31 in Q3 2024[31] - The company reported a comprehensive income attributable to Clearway Energy, Inc. of $233 million for Q3 2025, compared to $32 million in Q3 2024[33] - The company reported a net income of $236 million for the nine months ended September 30, 2025, compared to a net loss of $108 million in the same period of 2024[39] Cash Flow and Liquidity - Cash from Operating Activities was $225 million in Q3 2025, compared to $301 million in Q3 2024, while Cash Available for Distribution (CAFD) increased to $166 million from $146 million[1][7][8] - Total liquidity as of September 30, 2025, was $834 million, down from $1,330 million as of December 31, 2024, primarily due to growth investments[1][10] - Cash from Operating Activities for the nine months ended September 30, 2025, was $511 million, compared to $578 million for the same period in 2024, a decrease of 11.6%[48] - Cash Available for Distribution for the three months ended September 30, 2025, was $166 million, an increase from $146 million in the same period of 2024, reflecting a growth of 13.7%[48] - Total sources of liquidity for the nine months ended September 30, 2025, included $734 million from contributions from noncontrolling interests and $511 million from net cash provided by operating activities[49] Guidance and Future Projections - The company narrowed its 2025 full-year CAFD guidance to a range of $420 million to $440 million, reflecting median renewable energy production estimates[1][21] - Clearway Energy established a 2026 full-year CAFD guidance range of $470 million to $510 million, based on median renewable energy production estimates[1][22] - The guidance for Adjusted EBITDA for the full year 2025 is projected to be between $1,235 million and $1,255 million, with a forecasted increase to $1,441 million to $1,481 million for 2026[50] - Cash Available for Distribution guidance for 2025 is estimated to be between $420 million and $440 million, with an increase expected to $470 million to $510 million in 2026[50] - The company reported a net loss guidance for 2025 in the range of $(110) million to $(90) million, improving to $(44) million to $(4) million in 2026[50] Investments and Acquisitions - The company has identified over 2 GW of investment opportunities for 2026 and 2027, including growth investments and repowering projects[1][2][6] - Clearway Energy signed a binding agreement to acquire a 613 MW operational solar portfolio, with a net capital commitment expected between $210 million and $230 million[1][17] - The company plans to continue focusing on acquisitions, with net cash outflows for acquisitions amounting to $324 million in the nine months ended September 30, 2025[49] Debt and Equity - Long-term debt rose to $8,084 million as of September 30, 2025, up from $6,750 million at the end of 2024, an increase of 19.7%[35] - The company’s total liabilities increased to $10,277 million as of September 30, 2025, compared to $8,765 million at the end of 2024, an increase of 17.2%[35] - The total stockholders' equity as of September 30, 2025, was $5,700 million, compared to $5,500 million as of September 30, 2024, reflecting an increase of approximately 3.6%[39] - Principal amortization of indebtedness for the full year 2025 is expected to be $320 million, increasing to $384 million in 2026[50] Expenses and Costs - The company incurred transaction and integration costs of $8 million for the nine months ended September 30, 2025, impacting overall profitability[45] - The company reported a depreciation, amortization, and accretion expense of $502 million in 2025, up from $471 million in 2024, an increase of about 6.6%[37] - The company experienced a loss on debt extinguishment of $7 million in 2025, compared to $3 million in 2024, representing an increase of 133.3%[37]

Core Insights - Clearway Energy, Inc. reported strong third quarter 2025 financial results, with a net income of $60 million and adjusted EBITDA of $385 million, reflecting growth in operational performance and effective management of tax expenses [1][8]. Financial Performance - The company achieved a net income of $60 million for Q3 2025, compared to $27 million in Q3 2024, primarily due to lower tax expenses [4][8]. - Adjusted EBITDA for Q3 2025 was $385 million, up from $354 million in Q3 2024, driven by growth investments and improved wind resources [5][8]. - Cash from operating activities was reported at $225 million for Q3 2025, down from $301 million in Q3 2024, while cash available for distribution (CAFD) increased to $166 million from $146 million year-over-year [6][8]. Operational Highlights - The Flexible Generation segment reported a net income of $39 million for Q3 2025, up from $25 million in Q3 2024, while the Renewables & Storage segment saw a net income of $31 million, down from $66 million [4]. - The company’s operational performance improved, with a Flexible Generation equivalent availability factor of 92.5% in Q3 2025, compared to 87.5% in Q3 2024 [9]. - Solar generation was slightly lower at 2,930 MWh in Q3 2025 compared to 2,943 MWh in Q3 2024, while wind generation increased to 2,221 MWh from 2,012 MWh [9]. Growth Strategy - Clearway Energy is expanding its investment opportunities, with over 2 GW of identified projects for 2026 and 2027, including the acquisition of the Deriva solar portfolio [2][7]. - The company has established a 2030 financial target range, indicating a long-term commitment to robust earnings growth [2]. - A binding agreement was signed to acquire a 613 MW operational solar portfolio, with expected net capital commitment between $210 million and $230 million [17]. Liquidity and Capital Resources - As of September 30, 2025, total liquidity was reported at $834 million, a decrease from $1,330 million at the end of 2024, primarily due to growth investments [10][11]. - The company had $405 million in outstanding borrowings under its revolving credit facility, reflecting its strategy to finance future investments [12]. Financial Guidance - Clearway Energy narrowed its 2025 full-year CAFD guidance to a range of $420 million to $440 million, while establishing a 2026 guidance range of $470 million to $510 million [23][24].

Core Viewpoint - Clearway Energy is expected to report an increase in earnings despite a projected decrease in revenues for the quarter ending September 2025, with significant implications for its stock price based on actual earnings performance [2]. Financial Performance Expectations - The company is set to release its quarterly earnings on November 4, 2025, with Wall Street estimating an earnings per share (EPS) of $0.32 and projected revenue of approximately $419.7 million [1][5]. - The upcoming earnings report could significantly influence CWEN's stock price, with potential upward movement if actual earnings exceed expectations, and a possible decline if they fall short [2]. Valuation Metrics - Clearway Energy has a price-to-earnings (P/E) ratio of approximately 49.58, indicating that investors are willing to pay about $49.58 for every dollar of earnings [3][5]. - The price-to-sales ratio stands at 4.40, suggesting that the company's stock is valued at 4.40 times its sales [3]. - The enterprise value to sales ratio is 10.75, reflecting the company's total valuation compared to its sales [3]. Cash Flow and Debt Analysis - The enterprise value to operating cash flow ratio is 19.76, providing insight into the company's valuation relative to its cash flow from operations [4]. - The earnings yield is 2.02%, offering a perspective on the return on investment [4]. - The debt-to-equity ratio is notably high at 5.05, indicating significant use of debt compared to equity [4][5]. - The current ratio is 1.42, suggesting that the company has a reasonable level of liquidity to cover its short-term liabilities [4].

Core Insights - Clearway Energy, Inc. (NYSE:CWEN) is recognized as one of the 12 best utility stocks for dividends, highlighting its strong position in the market [1] - The company has a significant portfolio with approximately 11.8 GW of gross generating capacity across 26 states, making it one of the largest owners of clean energy generation assets in the U.S. [2] Price Target Update - CIBC analyst Mark Jarvi raised the price target for Clearway Energy from $35 to $37 while maintaining a 'Neutral' rating, indicating a cautious outlook despite the increase [3] - The analyst expects regulated utilities to meet or exceed estimates in the upcoming Q3 reports due to solid loads and updated rates, while power companies may face softer results [3] Financial Performance and Dividends - Clearway Energy primarily generates stable cash flows through long-term power purchase agreements (PPAs), which supports its ability to pay dividends [4] - The company currently offers an attractive dividend yield of 5.75% and aims to increase this yield by 5% to 8% in the coming years [4]

These renewable energy stocks could produce high-powered total returns in the coming years.The transition to lower-carbon energy sources, such as renewables, is inevitable. The world can't burn fossil fuels forever. They're a finite resource that do damage to the environment.Given this backdrop, investing in renewable energy stocks is a logical choice. Brookfield Renewable (BEPC -2.25%) (BEP -0.68%) and Clearway Energy (CWEN.A -1.22%) (CWEN -1.71%) are leaders in this space. They also pay attractive and gro ...

Core Viewpoint - Clearway Energy, Inc. is set to report its Third Quarter 2025 financial results on November 4, 2025, with a conference call and webcast scheduled for 5:00 p.m. Eastern time [1]. Company Overview - Clearway Energy, Inc. is one of the largest owners of clean energy generation assets in the United States, leading the transition to clean energy [3]. - The company's portfolio includes approximately 12 GW of gross capacity across 27 states, comprising 9.2 GW of wind, solar, and energy storage, along with over 2.8 GW of dispatchable power generation [3]. - Clearway Energy aims to provide stable and growing dividend income to its investors through its diversified and primarily contracted clean energy portfolio [3]. - The company's Class C and Class A common stock are traded on the New York Stock Exchange under the symbols CWEN and CWEN.A, respectively [3].

Core Insights - Clearway Energy Inc. (NYSE:CWEN) is recognized as one of the 12 most promising clean energy stocks by Wall Street analysts [1][2] Company Overview - Clearway Energy operates in the clean energy generation sector in the United States, with a portfolio of approximately 11.8 GW of gross capacity across 26 states [2] - The company's assets include around 9 GW of wind, solar, and battery energy storage systems, and approximately 2.8 GW of dispatchable combustion-based power generation assets [2] Recent Developments - The company announced plans to sell $100 million of stock to support general business needs, partnering with major financial institutions such as Morgan Stanley and JP Morgan [2] - On October 6, Roth Capital analyst Justin Clare raised the price target for CWEN from $36 to $38, maintaining a Buy rating [3] - Clearway Energy has entered a binding agreement to acquire a 613 MW operational solar portfolio from Deriva Energy, expected to close by Q2 2026, which will contribute an average annual cash available for distribution (CAFD) of about $27 million [3] - The acquisition implies a greater than 12% CAFD yield on $210 million to $230 million of long-term corporate capital, indicating an attractive investment opportunity [3]

Core Viewpoint - Brookfield Renewable and Clearway Energy have entered into a strategic deal that enhances their growth profiles and dividend strategies, benefiting both companies and appealing to income-focused investors [2][11]. Deal Details - Deriva Energy, a Brookfield portfolio company, is selling a portfolio of 613 megawatts (MW) of solar energy assets to Clearway Energy, covering eight states, with the transaction expected to close in the second quarter of next year [3]. - Clearway will partner with Fengate Asset Management for 12 of the assets (227 MW) located in the Western U.S. as a 50-50 joint venture [4]. Benefits to Brookfield - Brookfield Renewable's acquisition strategy focuses on large-scale renewable energy platforms, having recently acquired Duke Energy's commercial renewable energy platform, which included 5.9 gigawatts (GW) of operating and under-construction assets and a 6.1 GW development pipeline [5]. - The deal is projected to boost Brookfield's funds from operations (FFO) by 3% per share in 2024, enhancing cash flow and growth visibility [5][6]. - The capital from the sale will be reinvested into higher-returning projects, supporting Brookfield's goal of over 10% FFO per share growth and enabling annual dividend increases of 5% to 9% [6]. Benefits to Clearway Energy - Clearway Energy is acquiring cash-flowing solar assets backed by long-term contracts, planning to invest between $210 million and $230 million, which is expected to generate an average of $27 million in annual cash available for distribution (CAFD) starting in 2027 [7]. - This acquisition positions Clearway to achieve a CAFD of at least $2.50 per share by 2027, nearly 30% above its 2025 guidance midpoint of $2.08 per share [8]. - Clearway anticipates increasing its dividend to approximately $1.98 per share by 2027, representing an over 11% increase from about $1.78 per share this year, while maintaining a payout ratio within the target range of 70% to 80% [9][10]. Conclusion - The transaction between Brookfield's Deriva Energy and Clearway Energy is a win-win, allowing Brookfield to free up capital for new investments while Clearway strengthens its earnings growth and dividend sustainability, making both companies more attractive to income-focused investors [11].

Core Insights - Clearway Energy (CWEN) has entered into a binding agreement to acquire a 613 MWac operational solar portfolio from Deriva Energy, enhancing its presence in the CAISO and PJM markets [1] - The acquisition includes a 50/50 joint venture with Fengate Asset Management for 12 assets in the Western US, totaling 227 MWac [1] - The portfolio has a weighted average contract life of 10 years, aligning with Clearway's existing fleet and offering potential for value enhancement through contract extensions and battery hybridization [1] Financial Overview - The total long-term corporate capital investment in the portfolio is expected to be approximately $210M-230M, factoring in estimated closing adjustments and asset-level financings [1] - The investment is projected to be immediately accretive, with a 5-year annual CAFD yield over 12%, resulting in an incremental five-year average annual asset CAFD of approximately $27M starting January 1, 2027 [1] - The transaction is anticipated to close by the second quarter of 2026, with funding expected to be within the previously disclosed capital allocation framework [1]