Clearway Energy Inc. (CWEN) recorded first-quarter 2025 earnings of 3 cents per share, which surpassed the Zacks Consensus Estimate of a loss of 25 cents by 112%. In the year-ago quarter, the company reported a loss of 2 cents per share. (See the Zacks Earnings Calendar to stay ahead of market-making news)CWEN’s RevenuesTotal revenues of $298 million missed the Zacks Consensus Estimate of $311 million by 4.1%. In the year-ago quarter, the company reported revenues of $263 million. Highlights of CWEN’s Earni ...

Clearway Energy (CWEN) came out with quarterly earnings of $0.03 per share, beating the Zacks Consensus Estimate of a loss of $0.25 per share. This compares to loss of $0.02 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 112%. 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 $0.13 per share when it actually produced earnings ...

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 March 31, 2025 ☐ 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) | 46-1777204 | | --- | | Delaware | (State or other jurisdiction of incorporation or organiz ...

Clearway Energy (CWEN) Q1 2025 Earnings Call April 30, 2025 05:00 PM ET Speaker0 Good day, and thank you for standing by. Welcome to Clearway Energy, Inc. First Quarter twenty twenty five Earnings Conference Call. At this time, all participants are in a listen only mode. After the speakers' presentation, there will be a question and answer session. To ask a question during the session, you will need to press 11 on your telephone. You will then hear an automated message advising your hand is raised. Please b ...

Clearway Energy, Inc. First Quarter 2025 Results Presentation April 30, 2025 | Business | Update | Craig Cornelius, Chief Executive Officer | | --- | --- | --- | | Financial | Summary | Sarah Rubenstein, Chief Financial Officer | | Closing Remarks | | Craig Cornelius, Chief Executive Officer | 3 Business Update 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- ...

Financial Performance - Clearway Energy, Inc. reported a Net Loss of $104 million for Q1 2025, compared to a Net Loss of $46 million in Q1 2024[4] - Adjusted EBITDA for Q1 2025 was $252 million, an increase from $211 million in Q1 2024, driven by growth investments[5] - Total operating revenues increased to $298 million in Q1 2025, up from $263 million in Q1 2024, representing a growth of 13.3%[29] - Net loss attributable to Clearway Energy, Inc. was $4 million in Q1 2025, compared to a net loss of $2 million in Q1 2024[29] - The company reported a comprehensive loss of $109 million in Q1 2025, compared to a comprehensive loss of $47 million in Q1 2024[31] - Net income for the three months ended March 31, 2025, was a loss of $104 million, compared to a loss of $46 million for the same period in 2024[39] Cash Flow and Liquidity - Cash from Operating Activities increased to $95 million in Q1 2025, up from $81 million in Q1 2024[7] - Cash Available for Distribution (CAFD) rose to $77 million in Q1 2025, compared to $52 million in Q1 2024[8] - Total liquidity as of March 31, 2025, was $1,325 million, slightly down from $1,330 million at the end of 2024[10] - Net cash provided by operating activities was $95 million in Q1 2025, compared to $81 million in Q1 2024, indicating a 17.3% increase[36] - The net cash change for Q1 2025 was a decrease of $22 million, primarily due to dividend payments and long-term debt repayments[43] Dividends and Shareholder Returns - Clearway Energy, Inc. announced a 1.7% increase in quarterly dividend to $0.4384 per share, payable in Q2 2025[6] - Dividends per Class A and Class C common share increased to $0.4312 in Q1 2025, up from $0.4033 in Q1 2024, a rise of 6.5%[29] Acquisitions and Investments - The company closed the acquisition of Tuolumne Wind, a 137 MW project, for a corporate capital commitment of $61 million[14] - Clearway Energy, Inc. entered into a binding agreement to acquire a 100 MW operating solar project in California for $120 million to $125 million[13] - The company reported capital expenditures of $56 million for Q1 2025[43] Operational Metrics - The company reported a 13% increase in Renewables & Storage generation, with 4,481 MWh sold in Q1 2025 compared to 3,962 MWh in Q1 2024[9] - Total assets grew to $14,647 million as of March 31, 2025, compared to $14,329 million at the end of 2024, reflecting an increase of 2.2%[34] - Total liabilities increased to $9,227 million as of March 31, 2025, up from $8,765 million at the end of 2024, an increase of 5.3%[34] - Long-term debt increased to $7,231 million as of March 31, 2025, compared to $6,750 million at the end of 2024, reflecting a rise of 7.1%[34] Performance Metrics and Guidance - The company expects full-year 2025 Adjusted EBITDA guidance in the range of $1,195 million to $1,235 million[44] - For 2025, the company projects cash available for distribution between $400 million and $440 million[44] - Contributions from noncontrolling interests for Q1 2025 amounted to $44 million, compared to $215 million in Q1 2024[43] Interest and Financing Costs - Interest expense for Q1 2025 was $109 million, compared to $40 million in Q1 2024, reflecting an increase in financing costs[39] EBITDA and CAFD Definitions - EBITDA is a key performance measure for Clearway Energy, representing net income before interest, taxes, depreciation, and amortization, but has limitations as an analytical tool[48] - Adjusted EBITDA is used to provide a clearer picture of operating performance, adjusted for non-cash expenses and other items not indicative of future performance[50] - Cash Available for Distribution (CAFD) is defined as Adjusted EBITDA plus various cash receipts and distributions, minus certain cash outflows, and is considered a relevant measure for cash returns to investors[55] - Management believes CAFD is useful for evaluating the company's ability to make quarterly distributions and for planning future acquisitions[56] - Limitations of CAFD include exclusion of changes in operating assets and liabilities, which could materially affect financial condition[57] - Clearway Energy emphasizes that EBITDA and CAFD should not be viewed as alternatives to GAAP measures of performance[49] - Adjusted EBITDA is widely used by investors to compare operating performance across companies and periods, excluding items like interest and taxes[51] - The company acknowledges that other companies may calculate EBITDA differently, which limits its comparability[54] - Management uses Adjusted EBITDA for planning, forecasting, and evaluating actual results against expectations[53] - Clearway Energy compensates for the limitations of EBITDA by primarily relying on GAAP results[49]

Strong quarterly operational performance with availability and capacity factors up YoY in all segmentsRepowering program accelerating with PPA signed at Mt. Storm and awarded PPA at Goat MountainSponsor-enabled growth continuing forward with 2025 projects initially funded and 2026 projects on trackProgressed growth by M&A also with Tuolumne closed and signed acquisition of California solar projectReaffirming 2025 financial guidanceIncreasing quarterly dividend by 1.7% to $0.4384 per share in Q2 2025, or $1. ...

Core Insights - Clearway Energy Group has signed a long-term power purchase agreement with Microsoft for the 335 MW Mount Storm wind farm in West Virginia, aimed at supporting Microsoft's sustainability and decarbonization goals by generating carbon-free energy [1][2] Company Overview - Clearway Energy Group's vision is to create a world powered by clean energy, with a portfolio of approximately 11.8 GW of gross generating capacity across 26 states, including 9.1 GW from wind, solar, and battery energy storage assets [3][4] - The company is one of the largest owners of clean energy generation assets in the U.S., focusing on providing stable and growing dividend income through its diversified and primarily contracted clean energy portfolio [4] Project Impact - The Mount Storm project will utilize American-made equipment and is expected to deliver significant investment to the local community, including millions of dollars in tax revenue, hundreds of construction jobs, and funding for community benefit programs [3]

Core Viewpoint - The article discusses the reliability of brokerage recommendations, particularly focusing on Clearway Energy (CWEN), and highlights the potential misalignment of interests between brokerage analysts and retail investors [1][5][10]. Brokerage Recommendations - Clearway Energy has an average brokerage recommendation (ABR) of 1.15, indicating a consensus between Strong Buy and Buy, based on recommendations from 13 brokerage firms [2]. - Out of the 13 recommendations, 12 are classified as Strong Buy, which accounts for 92.3% of all recommendations [2]. Limitations of Brokerage Recommendations - Solely relying on the ABR for investment decisions may not be advisable, as studies suggest that brokerage recommendations often fail to guide investors effectively towards stocks with high price appreciation potential [5]. - Analysts from brokerage firms tend to exhibit a strong positive bias in their ratings, issuing five "Strong Buy" recommendations for every "Strong Sell" [6][10]. Zacks Rank Comparison - The Zacks Rank, a proprietary stock rating tool, categorizes stocks from Zacks Rank 1 (Strong Buy) to Zacks Rank 5 (Strong Sell) and is based on earnings estimate revisions, making it a more effective indicator of near-term stock performance [8][11]. - The Zacks Rank is updated more frequently than the ABR, reflecting timely changes in earnings estimates, which are crucial for predicting future stock prices [12]. Current Earnings Estimates for Clearway Energy - The Zacks Consensus Estimate for Clearway Energy remains unchanged at $0.75 for the current year, indicating steady analyst views on the company's earnings prospects [13]. - Due to the lack of change in the consensus estimate and other factors, Clearway Energy holds a Zacks Rank 3 (Hold), suggesting caution despite the Buy-equivalent ABR [14].

Company Overview - Clearway Energy, Inc. (CWEN) is currently an intriguing investment choice due to solid earnings estimate revision activity and a favorable Zacks Industry Rank [1][3]. - The company has seen a positive shift in earnings estimates, with current quarter estimates improving from a loss of $0.38 per share to a loss of $0.30 per share, and current year estimates rising from $0.70 per share to $0.75 per share [4]. Industry Context - The Oils-Energy sector, where Clearway Energy operates, has a Zacks Industry Rank of 69 out of 247 industries, indicating a strong position relative to other segments [2]. - The overall positive trends in the industry suggest that a rising tide could benefit multiple companies within this sector [2]. Investment Potential - Clearway Energy is positioned well within a strong industry, making it a compelling option for investors seeking opportunities in the alternative energy space [5]. - The company's Zacks Rank of 3 (Hold) signals a favorable outlook, further supporting its potential as an investment choice [4].