Clearway Energy, Inc., through its subsidiaries, engages in the renewable energy businesses in the United States. As of March 2, 2021, it had approximately 4,200 net megawatts (MW) of installed wind and solar generation projects; and 2,500 net MW of natural gas generation facilities, as well as a portfolio of district energy systems. Its thermal infrastructure assets provide steam, hot water and/or chilled water, and electricity to commercial businesses, universities, hospitals, and governmental units. As of December 31, 2020, the company had 1,394 MW thermal equivalent capacity of steam and chilled water. Clearway Energy, Inc. was incorporated in 2012 and is based in Princeton, New Jersey. Clearway Energy, Inc. operates as a subsidiary of Clearway Energy Group LLC.
IPO Year: 2015
Exchange: NYSE
Website: clearwayenergy.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/1/2024 | $36.00 | Outperform | Exane BNP Paribas |
| 9/20/2024 | $35.00 | Buy | Jefferies |
| 7/31/2024 | $25.00 → $36.00 | Equal-Weight → Overweight | Morgan Stanley |
| 10/6/2023 | $29.00 → $27.00 | Neutral → Buy | BofA Securities |
| 9/19/2022 | Buy → Neutral | BofA Securities | |
| 6/10/2022 | $36.00 | Neutral | CIBC |
| 12/15/2021 | $33.00 → $37.00 | Equal-Weight | Morgan Stanley |
| 11/5/2021 | $44.00 | Perform → Outperform | Oppenheimer |
| 10/5/2021 | $25.00 → $36.00 | In-Line → Outperform | Evercore ISI Group |
| 8/26/2021 | $36.00 | Buy | UBS |
SCOTTSDALE, Ariz., Nov. 07, 2024 (GLOBE NEWSWIRE) -- TPI Composites, Inc. (TPI) (NASDAQ:TPIC) announced today that Jennifer Lowry will be appointed to its board of directors, effective as of November 13, 2024. Ms. Lowry also will serve on the Audit Committee of the Board. Ms. Lowry brings many years of broad finance experience in the electric power industry. "We are excited to have Jen join our board," said Bill Siwek, TPI's President and CEO. "We will greatly benefit from Jen's experience in the electric power industry to help support our long-term strategy." Ms. Lowry currently serves as an independent director of Clearway Energy, Inc. (NYSE:CWEN) since February 2022 and MYR Group Inc.
Signed agreement with Clearway Group to commit to invest in a 500 MW solar plus storage projectReceived offer from Clearway Group to invest in a 320 MW storage hybridization projectReaffirming 2024 financial guidance and initiating 2025 financial guidanceIncreasing the quarterly dividend by 1.7% to $0.4240 per share in the fourth quarter of 2024, or $1.6960 per share annualized PRINCETON, N.J., Oct. 30, 2024 (GLOBE NEWSWIRE) -- Clearway Energy, Inc. (NYSE:CWEN, CWEN.A)) today reported third quarter 2024 financial results, including Net Income of $27 million, Adjusted EBITDA of $354 million, Cash from Operating Activities of $301 million, and Cash Available for Distribution (CAFD) of $14
PRINCETON, N.J., Oct. 09, 2024 (GLOBE NEWSWIRE) -- Clearway Energy, Inc. (NYSE:CWEN, CWEN.A))) plans to report Third Quarter 2024 financial results on Wednesday, October 30, 2024. Management will present the results during a conference call and webcast at 8:00 a.m. Eastern. A live webcast of the conference call, including presentation materials, can be accessed through the Company's website at http://www.clearwayenergy.com and clicking on "Presentations & Webcasts" under the Investor Relations section. The webcast will be archived on the site for those unable to listen in real time. About Clearway Energy Clearway Energy, Inc. is one of the largest owners of clean ener
Furthers Growth of Marathon Capital's Equity Capital Markets Offering Marathon Capital, a leading financial advisory and investment banking firm to the clean economy, has announced that James Fitzgerald has joined the firm as Head of Institutional Sales. Based in New York, Mr. Fitzgerald will be responsible for leading the continued rollout of Marathon Capital's Equity Research and Equity Capital Markets ("ECM") products. Mr. Fitzgerald was most recently Executive Director, Institutional Equity Sales at Tudor, Pickering, Holt & Co (the energy business of Perella Weinberg Partners), where he provided coverage and long-term relationship management of hedge fund, long only, family office, an
Signed agreement with Clearway Group to commit to invest in 314 MW of solar plus storage projectsReceived offer from Clearway Group to invest in a 500 MW solar plus storage projectEntered into new Resource Adequacy contract for Marsh LandingReaffirming 2024 financial guidanceIncreasing the quarterly dividend by 1.7% to $0.4171 per share in the third quarter of 2024, or $1.6684 per share annualizedContinue to target annual dividend per share growth in the upper range of 5% to 8% through 2026 PRINCETON, N.J., Aug. 01, 2024 (GLOBE NEWSWIRE) -- Clearway Energy, Inc. (NYSE:CWEN, CWEN.A))) today reported second quarter 2024 financial results, including Net Income of $4 million, Adjusted EBITDA
PRINCETON, N.J., July 10, 2024 (GLOBE NEWSWIRE) -- Clearway Energy, Inc. (NYSE:CWEN, CWEN.A))) plans to report Second Quarter 2024 financial results on Thursday, August 1, 2024. Management will present the results during a conference call and webcast at 8:00 a.m. Eastern. A live webcast of the conference call, including presentation materials, can be accessed through the Company's website at http://www.clearwayenergy.com and clicking on "Presentations & Webcasts" under the Investor Relations section. The webcast will be archived on the site for those unable to listen in real time. About Clearway Energy Clearway Energy, Inc. is one of the largest owners of clean energy genera
Signed agreements with Clearway Group to commit to invest in 55 MW of wind and 257 MW of solar plus storage projectsEntered into new Resource Adequacy Contracts for Marsh Landing and Walnut CreekReaffirming 2024 financial guidanceIncreasing the quarterly dividend by 1.7% to $0.4102 per share in the second quarter of 2024, or $1.64 per share annualizedContinue to target annual dividend per share growth in the upper range of 5% to 8% through 2026 PRINCETON, N.J., May 09, 2024 (GLOBE NEWSWIRE) -- Clearway Energy, Inc. (NYSE:CWEN, CWEN.A))) today reported first quarter 2024 financial results, including Net Loss of $(46) million, Adjusted EBITDA of $211 million, Cash from Operating Activities
PRINCETON, N.J., April 30, 2024 (GLOBE NEWSWIRE) -- Clearway Energy, Inc. (NYSE:CWEN, CWEN.A))) ("Company", "Clearway") today announced that effective June 30, 2024, Chris Sotos will move on from his position as Clearway Energy, Inc.'s President and Chief Executive Officer ("CEO") and resign from his role as a member of CWEN's Board of Directors to pursue other opportunities. Craig Cornelius, who is currently the CEO of the Company's sponsor, Clearway Energy Group ("Clearway Group"), will succeed Mr. Sotos as CWEN's CEO and will join CWEN's Board of Directors. "Chris's leadership has been critical to the financial success that CWEN and its predecessor have achieved since its 2013 IPO. On
Committed to approximately $215 million of new long-term corporate capital investments in 2023Signed contracts in last twelve months ensuring that 42% of the Resource Adequacy for Marsh Landing, Walnut Creek and El Segundo is contracted in 2027, with nearly 100% contracted through 2026Reaffirming 2024 financial guidanceIncreased the quarterly dividend by 1.7% to $0.4033 per share in the first quarter of 2024, or $1.61 per share annualizedContinue to target annual dividend per share growth in the upper range of 5% to 8% through 2026 PRINCETON, N.J., Feb. 22, 2024 (GLOBE NEWSWIRE) -- Clearway Energy, Inc. (NYSE:CWEN, CWEN.A))) today reported full year 2023 financial results, including Net L
PRINCETON, N.J., Feb. 15, 2024 (GLOBE NEWSWIRE) -- Clearway Energy, Inc. (NYSE:CWEN, CWEN.A))) today announced that on February 14, 2024, its Board of Directors declared a quarterly dividend on each of the Company's Class A and Class C common stock of $0.4033 per share payable on March 15, 2024, to shareholders of record as of March 1, 2024. This quarterly dividend represents $1.6132 per share on an annualized basis, an increase of 1.7% over the fourth quarter 2023 dividend of $0.3964 per share, or $1.5856 per share annualized. About Clearway Energy Clearway Energy, Inc. is one of the largest renewable energy owners in the US with over 5,500 net MW of installed wind and solar generation
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10-Q - Clearway Energy, Inc. (0001567683) (Filer)
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8-K - Clearway Energy, Inc. (0001567683) (Filer)
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8-K - Clearway Energy, Inc. (0001567683) (Filer)
8-K - Clearway Energy, Inc. (0001567683) (Filer)
10-Q - Clearway Energy, Inc. (0001567683) (Filer)
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On CNBC's “Halftime Report Final Trades,” Jenny Van Leeuwen Harrington of Gilman Hill Asset Management said Clearway Energy, Inc. (NYSE:CWEN) has a 6.5% dividend yield. Clearway Energy will report second quarter financial results on Thursday, Aug. 1. The company posted a first-quarter GAAP loss of 2 cents per share on May 9. Jason Snipe of Odyssey Capital Advisors said American Express Company (NYSE:AXP) reported solid earnings. American Express reported worse-than-expected second-quarter sales results. The company's second-quarter revenue (net of interest expense) grew 8% year-on-year to $16.33 billion, slightly missing the analyst consensus estimate of $16.59 billion. Adjusted EPS
During times of turbulence and uncertainty in the markets, even when markets are at all-time highs, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout. Benzinga readers can review the latest analyst takes on their favorite stocks by visiting our Analyst Stock Ratings page. Traders can sort through Benzinga's extensive database of analyst ratings, including by analyst accuracy. Below are the ratings of the most accurate analysts for three high-yielding stocks in the utilities sector. Atlantica Sustainable Infrastructure plc (NASDAQ:AY) Dividend Yield: 8.10% B of A Securi
UBS analyst William Grippin maintains Clearway Energy (NYSE:CWEN) with a Buy and raises the price target from $32 to $33.
Evercore ISI Group analyst Michael Lonegan maintains Clearway Energy (NYSE:CWEN) with a Outperform and raises the price target from $25 to $30.
Roth MKM analyst Justin Clare maintains Clearway Energy (NYSE:CWEN) with a Buy and raises the price target from $29 to $30.
Clearway Energy (NYSE:CWEN) reported quarterly losses of $(0.02) per share which beat the analyst consensus estimate of $(0.36) by 94.44 percent. The company reported quarterly sales of $263.000 million which missed the analyst consensus estimate of $287.510 million by 8.52 percent. This is a 8.68 percent decrease over sales of $288.000 million the same period last year.
Clearway Energy, Inc. (NYSE:CWEN, CWEN.A))))) ("Company", "Clearway") today announced that effective June 30, 2024, Chris Sotos will move on from his position as Clearway Energy, Inc.'s President and Chief Executive Officer ("CEO") and resign from his role as a member of CWEN's Board of Directors to pursue other opportunities. Craig Cornelius, who is currently the CEO of the Company's sponsor, Clearway Energy Group ("Clearway Group"), will succeed Mr. Sotos as CWEN's CEO and will join CWEN's Board of Directors. "Chris's leadership has been critical to the financial success that CWEN and its predecessor have achieved since its 2013 IPO. On behalf of the CWEN Board, I want to thank him for his
The state of California has vowed to have 100% clean power by 2045, but recent data showed that it was already reaching that goal, at least for a few hours each day. Data posted by the California Independent System Operator (ISO) revealed that in recent weeks, power supply generated through wind, water and solar exceeded total demand for up to six hours daily. California ISO is one of the country's largest power grids and handles around 80% of California's power supply. Data shared by Stanford professor Mark Z. Jacobson illustrated that in 18 out of the last 19 days, power from wind, water and solar exceeded demand for at least a few minutes and up to six hours during daytime when p
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SCOTTSDALE, Ariz., Nov. 07, 2024 (GLOBE NEWSWIRE) -- TPI Composites, Inc. (TPI) (NASDAQ:TPIC) announced today that Jennifer Lowry will be appointed to its board of directors, effective as of November 13, 2024. Ms. Lowry also will serve on the Audit Committee of the Board. Ms. Lowry brings many years of broad finance experience in the electric power industry. "We are excited to have Jen join our board," said Bill Siwek, TPI's President and CEO. "We will greatly benefit from Jen's experience in the electric power industry to help support our long-term strategy." Ms. Lowry currently serves as an independent director of Clearway Energy, Inc. (NYSE:CWEN) since February 2022 and MYR Group Inc.
NEW YORK, Nov. 27, 2023 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P MidCap 400 and S&P SmallCap 600 effective prior to the open of trading on Thursday, November 30: Carlyle Group Inc. (NASD: CG) will replace ICU Medical Inc. (NASD: ICUI) in the S&P MidCap 400. ICU Medical will replace PacWest Bancorp (NASD: PACW) in the S&P SmallCap 600. Banc of California Inc. (NYSE:BANC) is acquiring PacWest Bancorp in a deal expected to be completed soon, pending final closing conditions. Post-merger, Banc of California will remain in the S&P SmallCap 600. ICU Medical is more representative of the small-cap market space.WP Carey Inc. (NYSE: WPC) will replace Worthingt
PRINCETON, N.J., April 17, 2023 (GLOBE NEWSWIRE) -- Clearway Energy, Inc. (NYSE:CWEN, CWEN.A))) ("Company") today announced the internal appointment of Sarah Rubenstein as Executive Vice President and Chief Financial Officer, effective April 12th. With approximately twenty-five years of experience, Rubenstein, who will continue as the Company's principal accounting officer, will lead the Company's financial and accounting operations. In this role she will continue to report to Clearway Energy, Inc.'s President and Chief Executive Officer, Christopher Sotos, and play an integral part in executing the Company's financial strategies. "After an extensive external and internal search, Clearw
Signed agreement with Clearway Group to commit to invest in a 500 MW solar plus storage projectReceived offer from Clearway Group to invest in a 320 MW storage hybridization projectReaffirming 2024 financial guidance and initiating 2025 financial guidanceIncreasing the quarterly dividend by 1.7% to $0.4240 per share in the fourth quarter of 2024, or $1.6960 per share annualized PRINCETON, N.J., Oct. 30, 2024 (GLOBE NEWSWIRE) -- Clearway Energy, Inc. (NYSE:CWEN, CWEN.A)) today reported third quarter 2024 financial results, including Net Income of $27 million, Adjusted EBITDA of $354 million, Cash from Operating Activities of $301 million, and Cash Available for Distribution (CAFD) of $14
PRINCETON, N.J., Oct. 09, 2024 (GLOBE NEWSWIRE) -- Clearway Energy, Inc. (NYSE:CWEN, CWEN.A))) plans to report Third Quarter 2024 financial results on Wednesday, October 30, 2024. Management will present the results during a conference call and webcast at 8:00 a.m. Eastern. A live webcast of the conference call, including presentation materials, can be accessed through the Company's website at http://www.clearwayenergy.com and clicking on "Presentations & Webcasts" under the Investor Relations section. The webcast will be archived on the site for those unable to listen in real time. About Clearway Energy Clearway Energy, Inc. is one of the largest owners of clean ener
Signed agreement with Clearway Group to commit to invest in 314 MW of solar plus storage projectsReceived offer from Clearway Group to invest in a 500 MW solar plus storage projectEntered into new Resource Adequacy contract for Marsh LandingReaffirming 2024 financial guidanceIncreasing the quarterly dividend by 1.7% to $0.4171 per share in the third quarter of 2024, or $1.6684 per share annualizedContinue to target annual dividend per share growth in the upper range of 5% to 8% through 2026 PRINCETON, N.J., Aug. 01, 2024 (GLOBE NEWSWIRE) -- Clearway Energy, Inc. (NYSE:CWEN, CWEN.A))) today reported second quarter 2024 financial results, including Net Income of $4 million, Adjusted EBITDA
PRINCETON, N.J., July 10, 2024 (GLOBE NEWSWIRE) -- Clearway Energy, Inc. (NYSE:CWEN, CWEN.A))) plans to report Second Quarter 2024 financial results on Thursday, August 1, 2024. Management will present the results during a conference call and webcast at 8:00 a.m. Eastern. A live webcast of the conference call, including presentation materials, can be accessed through the Company's website at http://www.clearwayenergy.com and clicking on "Presentations & Webcasts" under the Investor Relations section. The webcast will be archived on the site for those unable to listen in real time. About Clearway Energy Clearway Energy, Inc. is one of the largest owners of clean energy genera
Signed agreements with Clearway Group to commit to invest in 55 MW of wind and 257 MW of solar plus storage projectsEntered into new Resource Adequacy Contracts for Marsh Landing and Walnut CreekReaffirming 2024 financial guidanceIncreasing the quarterly dividend by 1.7% to $0.4102 per share in the second quarter of 2024, or $1.64 per share annualizedContinue to target annual dividend per share growth in the upper range of 5% to 8% through 2026 PRINCETON, N.J., May 09, 2024 (GLOBE NEWSWIRE) -- Clearway Energy, Inc. (NYSE:CWEN, CWEN.A))) today reported first quarter 2024 financial results, including Net Loss of $(46) million, Adjusted EBITDA of $211 million, Cash from Operating Activities
PRINCETON, N.J., April 30, 2024 (GLOBE NEWSWIRE) -- Clearway Energy, Inc. (NYSE:CWEN, CWEN.A))) ("Company", "Clearway") today announced that effective June 30, 2024, Chris Sotos will move on from his position as Clearway Energy, Inc.'s President and Chief Executive Officer ("CEO") and resign from his role as a member of CWEN's Board of Directors to pursue other opportunities. Craig Cornelius, who is currently the CEO of the Company's sponsor, Clearway Energy Group ("Clearway Group"), will succeed Mr. Sotos as CWEN's CEO and will join CWEN's Board of Directors. "Chris's leadership has been critical to the financial success that CWEN and its predecessor have achieved since its 2013 IPO. On
Committed to approximately $215 million of new long-term corporate capital investments in 2023Signed contracts in last twelve months ensuring that 42% of the Resource Adequacy for Marsh Landing, Walnut Creek and El Segundo is contracted in 2027, with nearly 100% contracted through 2026Reaffirming 2024 financial guidanceIncreased the quarterly dividend by 1.7% to $0.4033 per share in the first quarter of 2024, or $1.61 per share annualizedContinue to target annual dividend per share growth in the upper range of 5% to 8% through 2026 PRINCETON, N.J., Feb. 22, 2024 (GLOBE NEWSWIRE) -- Clearway Energy, Inc. (NYSE:CWEN, CWEN.A))) today reported full year 2023 financial results, including Net L
PRINCETON, N.J., Feb. 15, 2024 (GLOBE NEWSWIRE) -- Clearway Energy, Inc. (NYSE:CWEN, CWEN.A))) today announced that on February 14, 2024, its Board of Directors declared a quarterly dividend on each of the Company's Class A and Class C common stock of $0.4033 per share payable on March 15, 2024, to shareholders of record as of March 1, 2024. This quarterly dividend represents $1.6132 per share on an annualized basis, an increase of 1.7% over the fourth quarter 2023 dividend of $0.3964 per share, or $1.5856 per share annualized. About Clearway Energy Clearway Energy, Inc. is one of the largest renewable energy owners in the US with over 5,500 net MW of installed wind and solar generation
PRINCETOWN, N.J., Jan. 24, 2024 (GLOBE NEWSWIRE) -- Clearway Energy, Inc. (NYSE:CWEN, CWEN.A))) plans to report Fourth Quarter 2023 financial results on Thursday, February 22, 2024. Management will present the results during a conference call and webcast at 8:00 a.m. Eastern. A live webcast of the conference call, including presentation materials, can be accessed through the Company's website at http://www.clearwayenergy.com and clicking on "Presentations & Webcasts" under the Investor Relations section. The webcast will be archived on the site for those unable to listen in real time. About Clearway Energy Clearway Energy, Inc. is one of the largest renewable energy owners in the
Signed agreement with Clearway Group to commit to invest in the 452 MW Texas Solar Nova solar projectsReceived enhanced offer from Clearway Group to invest in Dan's Mountain WindReceived offer from Clearway Group to invest in 572 MW of solar plus storage projects Entered into new Resource Adequacy contracts for Marsh Landing and El SegundoReiterating 2023 financial guidance range and initiating 2024 financial guidanceIncreasing the quarterly dividend by 2% to $0.3964 per share in the fourth quarter of 2023, or $1.5856 per share annualized. Achieved 8% dividend per share growth in 2023Continue to target annual dividend per share growth in the upper range of 5% to 8% through 2026 PRINC
Exane BNP Paribas initiated coverage of Clearway Energy with a rating of Outperform and set a new price target of $36.00
Jefferies initiated coverage of Clearway Energy with a rating of Buy and set a new price target of $35.00
Morgan Stanley upgraded Clearway Energy from Equal-Weight to Overweight and set a new price target of $36.00 from $25.00 previously
BofA Securities upgraded Clearway Energy from Neutral to Buy and set a new price target of $27.00 from $29.00 previously
BofA Securities downgraded Clearway Energy from Buy to Neutral
CIBC initiated coverage of Clearway Energy with a rating of Neutral and set a new price target of $36.00
Morgan Stanley reiterated coverage of Clearway Energy with a rating of Equal-Weight and set a new price target of $37.00 from $33.00 previously
Oppenheimer upgraded Clearway Energy from Perform to Outperform and set a new price target of $44.00
Evercore ISI Group upgraded Clearway Energy from In-Line to Outperform and set a new price target of $36.00 from $25.00 previously
UBS initiated coverage of Clearway Energy with a rating of Buy and set a new price target of $36.00