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Clearway Energy (CWEN) Up 4% Since Last Earnings Report: Can It Continue?
ZACKS· 2024-11-29 17:37
It has been about a month since the last earnings report for Clearway Energy (CWEN) . Shares have added about 4% in that time frame, underperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Clearway Energy due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts. Clearway Energy Q3 Earnings Lag Estim ...
This Nearly 6%-Yielding Stock Is Adding More Power to Drive Dividend Growth in 2027 and Beyond
The Motley Fool· 2024-11-27 08:29
Clearway Energy (CWEN 3.21%) (CWEN.A 3.44%) offers investors a high-yielding dividend currently approaching 6%. That's multiples higher than the S&P 500's (^GSPC 0.57%) dividend yield, which is near a 20-year low at around 1.2%. The clean energy company has all the power needed to grow its dividend toward the upper end of its 5% to 8% annual target range through 2026. Because of that, it's working to lock in dividend growth within that range for 2027 and beyond. It recently secured some new investments aime ...
Clearway Inks Agreement to Acquire 137-MW Tuolumne Wind Project
ZACKS· 2024-11-26 17:10
Clearway Energy (CWEN) announced that it has entered into a binding agreement to acquire the operational Tuolumne Wind Project from Turlock Irrigation District.The acquisition is the next step in Clearway's path to meeting its long-term financial objectives, including the goal of delivering the midpoint or better of $2.40-$2.60 in cash available for distribution (CAFD) per share in 2027.Key Details of CWEN’s AgreementTuolumne Wind Project is a 137-megawatt (MW) wind project in Klickitat County, WA that achi ...
Got $5,000? These 5 High-Yield Dividend Stocks Could Turn It Into More than $330 of Annual Passive Income.
The Motley Fool· 2024-11-19 10:31
Core Insights - The S&P 500 currently yields 1.2%, the lowest level in 20 years, due to soaring stock prices, but there are still attractive high-yield dividend stocks available for income-seeking investors [1] Group 1: High-Yield Dividend Stocks - Clearway Energy offers a current yield of 6.13%, with an annual dividend income of $61.30 from a $1,000 investment, focusing on renewable energy and stable cash flow through long-term contracts [1][3] - Enterprise Products Partners provides a yield of 6.67% and an annual dividend income of $66.70, backed by stable cash flow from long-term contracts and ongoing growth projects valued at $6.9 billion [1][5][6] - EPR Properties has a yield of 7.71%, generating $77.10 annually from a $1,000 investment, focusing on experiential properties and committing $150 million to future developments [1][7][8] - Verizon yields 6.40% with an annual income of $64.00, benefiting from strong recurring revenue and a $20 billion acquisition of Frontier Communications to enhance its fiber network [1][9][10] - W.P. Carey offers a yield of 6.25% and an annual dividend income of $62.50, focusing on operationally critical properties and completing nearly $1 billion in new investments this year [1][11][12] Group 2: Investment Opportunities - The average stock has a low dividend yield due to rising prices, but companies like Clearway Energy, EPR Properties, Enterprise Products Partners, Verizon, and W.P. Carey present strong income-generating opportunities [1][13]
Clearway Energy: A High-Yield Play On America's Renewable Future
Seeking Alpha· 2024-11-04 13:00
iREIT+HOYA Capital is the premier income-focused investing service on Seeking Alpha. Our focus is on income-producing asset classes that offer the opportunity for sustainable portfolio income , diversification , and inflation hedging . Get started with a Free Two-Week Trial and take a look at our top ideas across our exclusive income-focused portfolios.With Halloween now in the rearview mirror, it’s now time to start focusing on the holiday season. It’s also time to take stock of what a wild year it’s been ...
Clearway Energy(CWEN) - 2024 Q3 - Quarterly Report
2024-10-30 20:50
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 September 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 (State or other jurisdiction of incorporation or organization) 300 Carnegie Cen ...
Clearway Energy(CWEN) - 2024 Q3 - Earnings Call Transcript
2024-10-30 18:46
Clearway Energy, Inc. (NYSE:CWEN) Q3 2024 Earnings Conference Call October 30, 2024 8:00 AM ET Company Participants Akil Marsh - Investor Relations Craig Cornelius - President & Chief Executive Officer Sarah Rubenstein - Chief Financial Officer Conference Call Participants Noah Kaye - Oppenheimer & Co. Julien Dumoulin-Smith - Jefferies Steve Fleishman - Wolfe Research Justin Clare - ROTH Capital Partners Michael Lonegan - Evercore ISI Angie Storozynski - Seaport Mark Jarvi - CIBC Operator Hello and welcome ...
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 ...