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Clearway Energy (CWEN) Beats Stock Market Upswing: What Investors Need to Know
ZACKS· 2024-09-17 23:21
Clearway Energy (CWEN) closed the most recent trading day at $29.36, moving +0.1% from the previous trading session. This move outpaced the S&P 500's daily gain of 0.03%. Elsewhere, the Dow saw a downswing of 0.04%, while the tech-heavy Nasdaq appreciated by 0.2%. Shares of the company created by NRG Energy to acquire and operate natural gas, solar and wind plants witnessed a gain of 0.51% over the previous month, beating the performance of the Oils-Energy sector with its loss of 3.35% and underperforming t ...
Clearway Energy: Ambitious Targets, But Compounding Ability Limited
Seeking Alpha· 2024-08-14 04:22
I I F ■ F Matteo Colombo Investment Update Following my last publication on Clearway Energy Inc. (NYSE:CWEN) (NYSE:CWEN.A) in May, the stock is +5% and the business has posted its Q2 numbers, which I'll dissect here today. In the prior report, titled "Turnover on capital unable to pick up exceptional operating margins", I performed an extensive deep dive into the company, its business drivers, how it is unlocking value, its CapEx runway, returns on capital, prospects of underlying asset recovery, and valuat ...
Clearway Energy (CWEN) Q2 Earnings & Sales Lag Estimates
ZACKS· 2024-08-02 14:26
Clearway Energy Inc. (CWEN) recorded a second-quarter 2024 earnings of 43 cents per share, which missed the Zacks Consensus Estimate of 50 cents by 14%. However, the bottom line increased 30.3% from 33 cents in the year-ago quarter. Revenues Total revenues of $366 million missed the Zacks Consensus Estimate of $401 million by 16.1%. The top line also declined 9.8% from the year-ago quarter's figure of $406 million. Highlights of the Release Adjusted EBITDA for the quarter totaled $353 million compared with ...
Clearway Energy Inc-C:收入下降,稍不及预期;中期指引不变
海通国际· 2024-08-02 01:01
[Table_Title] 研究报告 Research Report 1 Aug 2024 克丽维能源 Clearway Energy (CWEN US) 收入下降,稍不及预期;中期指引不变 Scott Darling Axel Leven scott.darling@htisec.com axel.leven@htisec.com [Table_yemei1] 热点速评 Flash Analysis [Table_summary] 事件 尽管 Clearway Energy 公布的 GAAP 净收入为 5100 万美元,低于普遍预期的 7370 万美元,但环比增长显著,调整后 的 EBITDA 为 3.53 亿美元,与普遍预期的 3.638 亿美元基本一致,但我们预计市场会对该公司 2024 年第二季度的业 绩持中性态度。该公司重申了 2024 财年可供分配现金指引为 3.95 亿美元,并计划在 2026 年实现每股股息增长 5- 8% 的上限。该公司还宣布将把股息提高 1.7% 至每股 0.4171 美元。 点评 24 财年可供分配现金和中期指导不变:该公司重申其 24 财年可供分配现金指导为 3.95 ...
Clearway Energy(CWEN) - 2024 Q2 - Quarterly Report
2024-08-01 20:20
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended June 30, 2024 ☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Commission File Number: 001-36002 Clearway Energy, Inc. (Exact name of registrant as specified in its charter) Delaware 46-1777204 (State or other jurisdiction of incorporation or organization) (I.R.S. Em ...
Clearway Energy(CWEN) - 2024 Q2 - Earnings Call Transcript
2024-08-01 17:37
Clearway Energy, Inc. (NYSE:CWEN) Q2 2024 Earnings Conference Call August 1, 2024 8:00 AM ET Company Participants Akil Marsh - IR Sarah Rubenstein - EVP & CFO Craig Cornelius - President & CEO of Clearway Energy Group Conference Call Participants Mark Jarvi - CIBC Noah Kaye - Oppenheimer Justin Clare - Roth Capital Partners Alexis Kania - Marathon Capital Operator Hello, and welcome to the Clearway Energy, Inc. Second Quarter 2024 Earnings Conference Call. [Operator Instructions] Today's conference is being ...
Clearway Energy, Inc. Reports Second Quarter 2024 Financial Results
Newsfilter· 2024-08-01 10:15
Signed agreement with Clearway Group to commit to invest in 314 MW of solar plus storage projects Received offer from Clearway Group to invest in a 500 MW solar plus storage project Entered into new Resource Adequacy contract for Marsh Landing Reaffirming 2024 financial guidance Increasing the quarterly dividend by 1.7% to $0.4171 per share in the third quarter of 2024, or $1.6684 per share annualized Continue to target annual dividend per share growth in the upper range of 5% to 8% through 2026 PRINCETON, ...
Clearway Energy(CWEN) - 2024 Q2 - Quarterly Results
2024-08-01 10:01
Clearway Energy Table 2: Adjusted EBITDA ($ millions) Three Months Ended Six Months Ended Segment 6/30/24 6/30/23 6/30/24 6/30/23 Conventional 57 76 108 152 Renewables 306 248 475 399 Corporate (10) (8) (19) (17) Adjusted EBITDA $ 353 $ 316 $ 564 $ 534 Clearway Energy, Inc. Reports Second Quarter 2024 Financial Results • Signed agreement with Clearway Group to commit to invest in 314 MW of solar plus storage projects • Received offer from Clearway Group to invest in a 500 MW solar plus storage project • Ent ...
7 Wind Stocks With Tailwinds as Gale-Force Growth Continues
Investor Place· 2024-07-29 19:35
In addition, technological developments are improving the effectiveness and decreasing the expenses of wind energy production. New techniques of turbine manufacturing and the use of advanced materials have enhanced efficiency and reliability. Thus, wind energy is a strong challenger to conventional energy sources. Vestas Wind ADR (VWDRY) The Service segment is a major advantage where the company has been able to steadily build its maintenance backlog of high-margin contracts with recurring revenue. The curr ...
Clearway Energy (CWEN) Sees a More Significant Dip Than Broader Market: Some Facts to Know
ZACKS· 2024-07-23 23:20
Clearway Energy (CWEN) closed the latest trading day at $25.58, indicating a -1.24% change from the previous session's end. This change lagged the S&P 500's daily loss of 0.16%. At the same time, the Dow lost 0.14%, and the tech-heavy Nasdaq lost 0.06%. The company created by NRG Energy to acquire and operate natural gas, solar and wind plants's stock has dropped by 0.61% in the past month, exceeding the Oils-Energy sector's loss of 7.84% and lagging the S&P 500's gain of 1.96%. Analysts and investors alike ...