Clearway Energy(CWEN)

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CWEN vs. ORA: Which Stock Is the Better Value Option?
ZACKS· 2024-10-30 16:42
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(CWEN) - 2024 Q3 - Earnings Call Presentation
2024-10-30 15:47
● 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," ...
Clearway Energy Q3 Earnings Lag Estimates, Revenues Surpass
ZACKS· 2024-10-30 15:20
Clearway Energy Inc. (CWEN) recorded third-quarter 2024 earnings of 31 cents per share, which missed the Zacks Consensus Estimate of 48 cents by 35.4%. However, the bottom line increased 933% from 3 cents in the year-ago quarter. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar. Revenues Total revenues of $486 million surpassed the Zacks Consensus Estimate of $442 million by 9.8%. The top line also increased 31% from the year-ago figure of $371 million. Highlights of the Release Adju ...
Clearway Energy (CWEN) Misses Q3 Earnings Estimates
ZACKS· 2024-10-30 12:21
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(CWEN) - 2024 Q3 - Quarterly Results
2024-10-30 10:05
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) Increases Despite Market Slip: Here's What You Need to Know
ZACKS· 2024-10-23 23:20
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 Initiates Work on Solar & Storage Projects in Texas
ZACKS· 2024-10-03 17:06
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 ...
CWEN or BE: Which Is the Better Value Stock Right Now?
ZACKS· 2024-10-01 16:46
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) Stock Slides as Market Rises: Facts to Know Before You Trade
ZACKS· 2024-09-26 23:21
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 ...
Should You Invest in Clearway Energy (CWEN) Based on Bullish Wall Street Views?
ZACKS· 2024-09-19 14:30
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 ...