Clearway Energy(CWEN)

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Clearway Energy: Solid Operations And Potential Appreciation On The Horizon
Seeking Alpha· 2025-03-25 11:15
Group 1 - Current market is influenced by macroeconomic uncertainties, which pose risks to a significant portion of investors [1] - There is a belief that investing in Clearway Energy could capitalize on the current market environment [1] Group 2 - The focus is on growth companies and the potential disruptive future they may bring due to technological advancements [1]
How Much Upside is Left in Clearway Energy (CWEN)? Wall Street Analysts Think 27.64%
ZACKS· 2025-02-25 16:00
Core Viewpoint - Clearway Energy (CWEN) shows potential for significant upside, with a mean price target of $34.08 indicating a 27.6% increase from the current price of $26.70 [1] Price Target Analysis - The average of 13 short-term price targets ranges from a low of $30 to a high of $38, with a standard deviation of $2.66, suggesting a relatively high agreement among analysts [2] - The lowest estimate indicates a 12.4% increase, while the highest suggests a 42.3% upside [2] Analyst Sentiment - Analysts have recently revised earnings estimates upward for CWEN, indicating a positive trend that could correlate with stock price movements [4][9] - The Zacks Consensus Estimate for the current year has increased by 2.1%, with two estimates moving higher and no negative revisions [10] Zacks Rank - CWEN holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate factors, suggesting strong potential for near-term upside [11] Caution on Price Targets - While price targets can provide insights, they should be approached with skepticism as they may not reliably indicate actual stock price movements [5][8]
Clearway Energy Q4 Earnings Lag Estimates, Revenues Rise Y/Y
ZACKS· 2025-02-25 13:55
Core Insights - Clearway Energy Inc. (CWEN) reported fourth-quarter 2024 earnings of 3 cents per share, significantly missing the Zacks Consensus Estimate of 13 cents by 76.9% and down from 32 cents per share in the same quarter last year [1] - Total revenues for the quarter were $256 million, falling short of the Zacks Consensus Estimate of $308 million by 16.9%, but showing an increase from $249 million in the year-ago quarter [2] Financial Performance - Adjusted EBITDA for the quarter reached $228 million, an increase from $201 million in the previous year [3] - Total operating costs and expenses for 2024 were $1.18 billion, up 12.3% from $1.05 billion in the prior year, leading to an operating income of $196 million compared to $263 million last year [4] - Interest expenses decreased to $307 million from $337 million in the year-ago quarter [4] Financial Position - As of December 31, 2024, cash and cash equivalents stood at $332 million, down from $535 million a year earlier [5] - Total liquidity decreased to $1.33 billion from $1.51 billion as of December 31, 2023 [5] - Long-term debt was reduced to $6.75 billion from $7.48 billion in the previous year [5] - Net cash provided by operating activities totaled $770 million, an increase from $702 million last year [5] Guidance - The company anticipates 2025 adjusted EBITDA to be between $1.195 billion and $1.235 billion [6] - Expected cash from operating activities for 2025 is projected to be in the range of $844 million to $884 million [6] - Clearway Energy reaffirmed its guidance for 2025 cash available for distribution (CAFD) between $400 million and $440 million [6]
Clearway Energy(CWEN) - 2024 Q4 - Earnings Call Transcript
2025-02-25 01:59
Clearway Energy, Inc. (NYSE:CWEN) Q4 2024 Earnings Conference Call February 24, 2025 5:00 PM ET Company Participants Akil Marsh - IR Craig Cornelius - President and CEO Sarah Rubenstein - CFO Conference Call Participants Michael Lonegan - Evercore Hannah Velasquez - Jefferies Noah Kaye - Oppenheim & Company Justin Clare - ROTH Capital Partners Mark Jarvi - CIBC Angie Storozynski - Seaport Operator Hello, and welcome to Clearway Energy, Inc. Fourth Quarter Earnings Call. At this time, all participants are in ...
Clearway Energy(CWEN) - 2024 Q4 - Earnings Call Presentation
2025-02-25 01:10
Clearway Energy, Inc. Fourth Quarter 2024 Results Presentation February 24, 2025 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," "believe" and s ...
Clearway Energy (CWEN) Misses Q4 Earnings and Revenue Estimates
ZACKS· 2025-02-24 23:36
Clearway Energy (CWEN) came out with quarterly earnings of $0.03 per share, missing the Zacks Consensus Estimate of $0.13 per share. This compares to earnings of $0.32 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -76.92%. 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 $0.48 per share when it actually produced earnings of ...
Clearway Energy(CWEN) - 2024 Q4 - Annual Report
2025-02-24 22:52
Part I [Business](index=6&type=section&id=Item%201%20%E2%80%94%20Business) Clearway Energy, Inc. is a leading US clean energy infrastructure investor with **11.8 GW** gross capacity, securing most revenues through long-term contracts and pursuing growth via acquisitions - The company is one of the largest owners of clean energy assets in the U.S., with a portfolio of approximately **11.8 GW gross capacity**, including **9 GW of wind, solar, and BESS**, and **2.8 GW of dispatchable generation**. In 2024, **96% of its total generation was from renewable energy and storage assets**[18](index=18&type=chunk) - The majority of revenues are derived from long-term contracts, with the Renewables segment's offtake agreements having a weighted average remaining duration of approximately **12 years** as of December 31, 2024[18](index=18&type=chunk)[28](index=28&type=chunk) - The company's primary business strategy is to own assets with predictable, long-term cash flows to support dividend growth, focusing on contracted renewable and dispatchable generation, growing through acquisitions, and maintaining sound financial practices[22](index=22&type=chunk)[23](index=23&type=chunk)[24](index=24&type=chunk) Committed Investments as of December 31, 2024 | Asset | Technology | Gross Capacity (MW) | State | Estimated COD | | :--- | :--- | :--- | :--- | :--- | | Daggett 1 | BESS | 114 | CA | 1H25 | | Honeycomb Portfolio | BESS | 320 | UT | 1H26 | | Luna Valley | Solar | 200 | CA | 2H25 | | Pine Forest | Solar/BESS | 500 | TX | 2H25 | | Rosamond South I | Solar/BESS | 257 | CA | 2H25 | | Tuolumne | Wind | 137 | WA | N/A | Segment Financial Summary (Year ended December 31, 2024) | (In millions) | Flexible Generation | Renewables | Corporate | Total | | :--- | :--- | :--- | :--- | :--- | | **Operating revenues** | $342 | $1,029 | $— | $1,371 | | **Net income (loss)** | $64 | $31 | $(158) | $(63) | | **Total assets** | $1,933 | $12,236 | $160 | $14,329 | - The company has a concentrated customer base, with its two largest customers, Southern California Edison (SCE) and Pacific Gas and Electric (PG&E), representing approximately **24% and 17% of consolidated revenue**, respectively, for the year ended December 31, 2024[50](index=50&type=chunk) [Risk Factors](index=14&type=section&id=Item%201A%20%E2%80%94%20Risk%20Factors) The company faces business, sponsor relationship, regulatory, common stock, and taxation risks, including reliance on external financing, counterparty credit, operational hazards, and potential changes in government incentives or tax laws - **Business Risks:** The company's ability to grow is limited by its policy of distributing a significant amount of cash available for distribution (CAFD), making it reliant on external financing. It faces risks from counterparties defaulting on offtake agreements, operational hazards at its facilities, and unfavorable weather conditions impacting renewable energy production[60](index=60&type=chunk)[66](index=66&type=chunk)[70](index=70&type=chunk) - **Relationship Risks:** As a "controlled company," CEG (owned by GIP and TotalEnergies) exercises substantial influence, controls the board, and provides essential operational services through a master services agreement. The company is highly dependent on CEG for its operations and future acquisition pipeline[61](index=61&type=chunk)[109](index=109&type=chunk)[120](index=120&type=chunk) - **Regulatory Risks:** The business is subject to extensive governmental regulation, including environmental laws. Changes in government incentives that support renewable power, such as Production Tax Credits (PTCs) and Investment Tax Credits (ITCs), could negatively impact the company's growth strategy[62](index=62&type=chunk)[126](index=126&type=chunk)[133](index=133&type=chunk) - **Common Stock Risks:** The ability to pay future dividends is not guaranteed and depends on cash generated from operations, which can fluctuate. As a holding company, its ability to pay dividends is dependent on distributions from its subsidiary, Clearway Energy LLC[63](index=63&type=chunk)[137](index=137&type=chunk)[141](index=141&type=chunk) - **Taxation Risks:** The company's ability to use its Net Operating Losses (NOLs) to offset future taxable income may be limited by factors such as an "ownership change" under Section 382 of the Code. Changes in tax laws could also adversely affect financial results[64](index=64&type=chunk)[151](index=151&type=chunk)[155](index=155&type=chunk) [Unresolved Staff Comments](index=37&type=section&id=Item%201B%20%E2%80%94%20Unresolved%20Staff%20Comments) The company has no unresolved staff comments from the U.S. Securities and Exchange Commission - There are no unresolved staff comments[168](index=168&type=chunk) [Cybersecurity](index=38&type=section&id=Item%201C%20%E2%80%94%20Cybersecurity) Cybersecurity risk management follows the NIST framework with Board oversight, and as of February 24, 2025, no material cybersecurity incidents were identified - The company's cybersecurity risk management is integrated into its broader risk framework and follows the National Institute of Standards and Technology (NIST) Cybersecurity Framework[170](index=170&type=chunk) - The Board of Directors has oversight of cybersecurity risks and receives briefings at least annually from the Vice President of Information Technology and the Director of Cybersecurity[174](index=174&type=chunk)[175](index=175&type=chunk) - As of February 24, 2025, the company was not aware of any cybersecurity threats or incidents that are reasonably likely to materially affect the company[173](index=173&type=chunk) [Properties](index=40&type=section&id=Item%202%20%E2%80%94%20Properties) The company's diversified portfolio of operating facilities as of December 31, 2024, totals **9,143 MW** net capacity across various clean energy technologies Portfolio Net Capacity by Segment (as of Dec 31, 2024) | Segment | Rated MW (Gross) | Net MW (Owned) | | :--- | :--- | :--- | | Flexible Generation | 2,774 | 2,584 | | Utility Scale Solar | 3,740 | 2,166 | | Utility Scale BESS | 689 | 256 | | Distributed Solar | 330 | 330 | | Wind | 4,306 | 3,807 | | **Total** | **11,839** | **9,143** | [Legal Proceedings](index=43&type=section&id=Item%203%20%E2%80%94%20Legal%20Proceedings) The company reports no material legal proceedings - There are no material legal proceedings to report[189](index=189&type=chunk) [Mine Safety Disclosures](index=43&type=section&id=Item%204%20%E2%80%94%20Mine%20Safety%20Disclosures) This section is not applicable to the company - Not applicable[190](index=190&type=chunk) Part II [Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities](index=44&type=section&id=Item%205%20%E2%80%94%20Market%20for%20Registrant%27s%20Common%20Equity%2C%20Related%20Stockholder%20Matters%20and%20Issuer%20Purchases%20of%20Equity%20Securities) The company's Class A and C common stocks trade on the NYSE, with a recent quarterly dividend declaration and performance tracked against market indices - The company's Class A and Class C common stock are listed on the NYSE under symbols **CWEN.A** and **CWEN**, respectively[193](index=193&type=chunk) - On February 17, 2025, the company declared a quarterly dividend of **$0.4312 per share** on its Class A and Class C common stock[194](index=194&type=chunk) Stock Performance Comparison (Cumulative Total Return) | | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | **Clearway Energy, Inc. Class A** | $100.00 | $161.69 | $191.82 | $179.10 | $162.51 | $166.07 | | **Clearway Energy, Inc. Class C** | $100.00 | $167.04 | $196.83 | $181.30 | $165.11 | $166.54 | | **S&P 500** | $100.00 | $118.40 | $152.39 | $124.79 | $157.59 | $197.02 | | **UTY (Philadelphia Utility Sector Index)** | $100.00 | $102.72 | $121.46 | $122.25 | $111.05 | $134.24 | [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=46&type=section&id=Item%207%20%E2%80%94%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) In 2024, operating revenues increased by **$57 million** to **$1.371 billion** due to acquisitions, but a net loss of **$63 million** was reported, while liquidity remained strong at **$1.33 billion** [Executive Summary](index=47&type=section&id=Executive%20Summary) The executive summary details 2024 corporate activities, including the acquisition of the **137 MW Tuolumne wind facility**, multiple sponsor 'drop down' transactions, and new Resource Adequacy agreements - The company entered into a binding agreement to acquire the **137 MW Tuolumne operating wind facility** for approximately **$219 million**, with an expected corporate capital commitment of **$70-$75 million**[205](index=205&type=chunk) - Multiple 'drop down' transactions were executed with sponsor CEG, including agreements to acquire interests in the Honeycomb BESS Portfolio (**320 MW**), Dan's Mountain wind facility (**55 MW**), Pine Forest solar/BESS (**500 MW**), Luna Valley solar (**200 MW**), and Rosamond South I solar/BESS (**257 MW**)[207](index=207&type=chunk)[208](index=208&type=chunk) - New Resource Adequacy (RA) agreements were signed for the El Segundo, Walnut Creek, and Marsh Landing facilities, securing capacity contracts for future years[208](index=208&type=chunk) [Consolidated Results of Operations](index=50&type=section&id=Consolidated%20Results%20of%20Operations) In 2024, operating revenues increased by **$57 million** to **$1.371 billion** due to acquisitions, but a net loss of **$63 million** was reported, impacted by higher operating costs and negative hedge adjustments Year-over-Year Financial Performance | (In millions) | 2024 | 2023 | | :--- | :--- | :--- | | **Total operating revenues** | $1,371 | $1,314 | | **Operating Income** | $196 | $263 | | **Net (Loss) Income** | $(63) | $(14) | | **Net Income Attributable to Clearway Energy, Inc.** | $88 | $79 | - The **$57 million increase in operating revenue** was primarily driven by **$138 million from new solar and BESS acquisitions** and **$50 million from higher wind production**, offset by a **$74 million decrease in Flexible Generation revenue** and a **$68 million negative change in mark-to-market hedges**[213](index=213&type=chunk) - Operations and maintenance expense increased by **$32 million**, and depreciation, amortization, and accretion increased by **$101 million** in 2024, primarily due to recent solar and BESS acquisitions[215](index=215&type=chunk)[216](index=216&type=chunk) - The company recorded an income tax expense of **$30 million** on a pretax loss of **$33 million** in 2024, resulting in an effective tax rate of **(90.9)%**, largely due to the impact of HLBV accounting on noncontrolling interests[219](index=219&type=chunk)[220](index=220&type=chunk) [Liquidity and Capital Resources](index=54&type=section&id=Liquidity%20and%20Capital%20Resources) As of December 31, 2024, total liquidity was **$1.33 billion**, deemed adequate for debt service, capital expenditures, and dividends, despite a decrease from the prior year Liquidity Position | (In millions) | Dec 31, 2024 | Dec 31, 2023 | | :--- | :--- | :--- | | Total cash, cash equivalents and restricted cash | $733 | $1,051 | | Revolving credit facility availability | $597 | $454 | | **Total liquidity** | **$1,330** | **$1,505** | Corporate Credit Ratings (as of Dec 31, 2024) | Agency | Rating | | :--- | :--- | | S&P | BB | | Moody's | Ba2 | - Total debt principal payments due within one year (2025) amount to **$555 million**[237](index=237&type=chunk)[502](index=502&type=chunk) - The company used approximately **$287 million** for capital expenditures in 2024, primarily for growth projects in the Renewables segment[239](index=239&type=chunk) 2024 Dividends per Share | Quarter | Dividend per Share | | :--- | :--- | | First Quarter 2024 | $0.4033 | | Second Quarter 2024 | $0.4102 | | Third Quarter 2024 | $0.4171 | | Fourth Quarter 2024 | $0.4240 | [Quantitative and Qualitative Disclosures About Market Risk](index=65&type=section&id=Item%207A%20%E2%80%94%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) The company manages market risks including commodity price, interest rate, liquidity, and credit, with sensitivity analyses showing potential impacts on derivatives and interest expense - The company is exposed to commodity price risk, interest rate risk, liquidity risk, and credit risk[282](index=282&type=chunk) - A hypothetical **$0.50 per MWh change in power prices** would cause an approximately **$6 million change** to the net value of the company's long-term power commodity derivative contracts[284](index=284&type=chunk) - A **1% change in interest rates** would result in an approximately **$2 million change** in interest expense on a rolling twelve-month basis[288](index=288&type=chunk) [Financial Statements and Supplementary Data](index=65&type=section&id=Item%208%20%E2%80%94%20Financial%20Statements%20and%20Supplementary%20Data) This section presents the company's audited consolidated financial statements for 2024, 2023, and 2022, including income, balance sheet, cash flow, and equity statements with notes [Consolidated Statements of Income](index=77&type=section&id=Consolidated%20Statements%20of%20Income) In 2024, total operating revenues were **$1.371 billion**, resulting in a net loss of **$63 million**, with **$88 million** attributable to Clearway Energy, Inc Key Income Statement Data (in millions) | | 2024 | 2023 | 2022 | | :--- | :--- | :--- | :--- | | **Total operating revenues** | $1,371 | $1,314 | $1,190 | | **Operating Income** | $196 | $263 | $1,470 | | **Net (Loss) Income** | $(63) | $(14) | $1,060 | | **Net Income Attributable to Clearway Energy, Inc.** | $88 | $79 | $582 | [Consolidated Balance Sheets](index=79&type=section&id=Consolidated%20Balance%20Sheets) As of December 31, 2024, total assets were **$14.33 billion**, total liabilities **$8.77 billion**, and total stockholders' equity **$5.56 billion** Key Balance Sheet Data (in millions) | | Dec 31, 2024 | Dec 31, 2023 | | :--- | :--- | :--- | | **Total current assets** | $1,067 | $1,560 | | **Property, plant and equipment, net** | $9,944 | $9,526 | | **Total Assets** | **$14,329** | **$14,701** | | **Total current liabilities** | $718 | $906 | | **Long-term debt** | $6,750 | $7,479 | | **Total Liabilities** | **$8,765** | **$9,706** | | **Total Stockholders' Equity** | **$5,564** | **$4,994** | [Consolidated Statements of Cash Flows](index=80&type=section&id=Consolidated%20Statements%20of%20Cash%20Flows) In 2024, net cash from operations was **$770 million**, while investing activities used **$725 million** and financing activities used **$363 million** Key Cash Flow Data (in millions) | | 2024 | 2023 | 2022 | | :--- | :--- | :--- | :--- | | **Net cash provided by operating activities** | $770 | $702 | $787 | | **Net cash (used in) provided by investing activities** | $(725) | $(523) | $1,065 | | **Net cash used in financing activities** | $(363) | $(124) | $(1,510) | | **Net (Decrease) Increase in Cash** | $(318) | $55 | $342 | [Changes in and Disagreements with Accountants on Accounting and Financial Disclosure](index=66&type=section&id=Item%209%20%E2%80%94%20Changes%20in%20and%20Disagreements%20with%20Accountants%20on%20Accounting%20and%20Financial%20Disclosure) In May 2024, the company changed its independent registered public accounting firm from Ernst & Young LLP to PricewaterhouseCoopers LLP - The company changed its independent registered public accounting firm in May 2024, dismissing Ernst & Young LLP and appointing PricewaterhouseCoopers LLP for the 2024 fiscal year audit[293](index=293&type=chunk) [Controls and Procedures](index=66&type=section&id=Item%209A%20%E2%80%94%20Controls%20and%20Procedures) Management concluded that disclosure controls and procedures were effective as of December 31, 2024, with no material changes in internal control over financial reporting - Management concluded that the company's disclosure controls and procedures were effective as of December 31, 2024[294](index=294&type=chunk) - No changes in internal control over financial reporting occurred during the quarter ended December 31, 2024, that materially affected, or are reasonably likely to materially affect, internal controls[295](index=295&type=chunk) [Other Information](index=67&type=section&id=Item%209B%20%E2%80%94%20Other%20Information) No director or officer adopted, modified, or terminated a Rule 10b5-1 or non-Rule 10b5-1 trading arrangement in Q4 2024 - No director or officer adopted, modified, or terminated a Rule 10b5-1 trading arrangement or non-Rule 10b5-1 trading arrangement during the three months ended December 31, 2024[300](index=300&type=chunk) Part III [Information about Directors, Executive Officers and Corporate Governance](index=68&type=section&id=Item%2010%20%E2%80%94%20Information%20about%20Directors%2C%20Executive%20Officers%20and%20Corporate%20Governance) This section details biographical information for directors and executive officers, including sponsor-affiliated and independent directors, and highlights the company's Code of Business Conduct and Ethics - The Board of Directors includes representatives from its sponsors, GIP (Jonathan Bram, Nathaniel Anschuetz, Bruce MacLennan) and TotalEnergies (Emmanuel Barrois, Olivier Jouny, Marc-Antoine Pignon), along with independent directors[302](index=302&type=chunk)[303](index=303&type=chunk)[305](index=305&type=chunk)[309](index=309&type=chunk)[310](index=310&type=chunk)[312](index=312&type=chunk) - Craig Cornelius has served as President and Chief Executive Officer since July 2024. Sarah Rubenstein is the Executive Vice President and Chief Financial Officer[313](index=313&type=chunk)[314](index=314&type=chunk) - The company has adopted a Code of Business Conduct and Ethics, which is available on its website[316](index=316&type=chunk) [Executive Compensation](index=71&type=section&id=Item%2011%20%E2%80%94%20Executive%20Compensation) Executive compensation information is incorporated by reference from the company's 2025 Definitive Proxy Statement - Information is incorporated by reference from the 2025 Proxy Statement[318](index=318&type=chunk) [Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters](index=71&type=section&id=Item%2012%20%E2%80%94%20Security%20Ownership%20of%20Certain%20Beneficial%20Owners%20and%20Management%20and%20Related%20Stockholder%20Matters) This section details securities authorized for issuance under equity compensation plans, with other information incorporated by reference from the 2025 Proxy Statement - As of the reporting date, there are **2,786,041 securities** remaining available for future issuance under equity compensation plans approved by security holders[319](index=319&type=chunk) [Certain Relationships and Related Transactions, and Director Independence](index=71&type=section&id=Item%2013%20%E2%80%94%20Certain%20Relationships%20and%20Related%20Transactions%2C%20and%20Director%20Independence) Information on certain relationships, related transactions, and director independence is incorporated by reference from the 2025 Definitive Proxy Statement - Information is incorporated by reference from the 2025 Proxy Statement[320](index=320&type=chunk) [Principal Accounting Fees and Services](index=71&type=section&id=Item%2014%20%E2%80%94%20Principal%20Accounting%20Fees%20and%20Services) Principal accounting fees and services information is incorporated by reference from the company's 2025 Definitive Proxy Statement - Information is incorporated by reference from the 2025 Proxy Statement[321](index=321&type=chunk) Part IV [Exhibits, Financial Statement Schedules](index=72&type=section&id=Item%2015%20%E2%80%94%20Exhibits%2C%20Financial%20Statement%20Schedules) This section lists financial statements, schedules, and exhibits for the Form 10-K, including consolidated financials and reports from independent accounting firms - This section includes the consolidated financial statements for the years ended December 31, 2024, 2023, and 2022[324](index=324&type=chunk) - The report includes opinions on the financial statements and internal control over financial reporting from PricewaterhouseCoopers LLP for the 2024 fiscal year[328](index=328&type=chunk)[329](index=329&type=chunk) - The report includes an opinion on the financial statements from Ernst & Young LLP for the fiscal years 2023 and 2022[347](index=347&type=chunk) [Form 10-K Summary](index=138&type=section&id=Item%2016%20%E2%80%94%20Form%2010-K%20Summary) The company indicates there is no Form 10-K summary - None[576](index=576&type=chunk)
Clearway Energy(CWEN) - 2024 Q4 - Annual Results
2025-02-24 21:04
Clearway Energy, Inc. Reports Full Year 2024 Financial Results PRINCETON, NJ — February 24, 2025— Clearway Energy, Inc. (NYSE: CWEN, CWEN.A) today reported full year 2024 financial results, including Net Loss of $63 million, Adjusted EBITDA of $1,146 million, Cash from Operating Activities of $770 million, and Cash Available for Distribution (CAFD) of $425 million. "Clearway's full year 2024 results exceeded guidance with excellent performance across all technologies in our diverse operating fleet. Since ou ...
Clearway Energy, Inc. Reports Full Year 2024 Financial Results
Globenewswire· 2025-02-24 21:01
Committed to approximately $450 million of new long-term corporate capital investments in 2024Signed agreements with Clearway Group to commit to invest in 320 MW storage hybridization portfolio and 335 MW wind repoweringSigned binding 3rd party M&A agreement to acquire a 137 MW wind projectReaffirming 2025 financial guidance rangeIncreased the quarterly dividend by 1.7% to $0.4312 per share in the first quarter of 2025, or $1.7248 per share annualized PRINCETON, N.J., Feb. 24, 2025 (GLOBE NEWSWIRE) -- Clear ...
Is Clearway Energy (CWEN) Stock Outpacing Its Oils-Energy Peers This Year?
ZACKS· 2025-02-24 15:45
Investors interested in Oils-Energy stocks should always be looking to find the best-performing companies in the group. Has Clearway Energy (CWEN) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.Clearway Energy is a member of our Oils-Energy group, which includes 247 different companies and currently sits at #7 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks ...