Clearway Energy (NYSE:CWEN – Get Free Report) announced its earnings results on Wednesday. The company reported $1.00 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.64, FiscalAI reports. Clearway Energy had a return on equity of 0.04% and a net margin of 0.13%.The company had revenue of $481.00 million during the quarter, compared to the consensus estimate of $473.92 million.
Here are the key takeaways from Clearway Energy’s conference call:
- 2026 CAFD guidance was reduced to $430 million-$470 million from $470 million-$510 million, primarily due to weaker-than-expected wind and renewable resources in the first half. Management characterized the impact as weather-related and reiterated that the fleet’s underlying earnings power remains intact.
- Clearway reaffirmed its 2027 CAFD per-share target of $2.70 or better and said it remains confident in achieving the top end or better of its 2030 goals, supported by more than $2 billion of identified growth opportunities for 2027-2029.
- Fleet enhancements advanced with long-term PPAs completed for three ERCOT wind projects totaling more than 600 megawatts, extending contracted tenors beyond 2040 and increasing project cash flow visibility. The company also remains on track to invest approximately $600 million in repowering at targeted 11%-12% CAFD yields.
- Clearway highlighted substantial longer-term upside from its digital infrastructure strategy, including more than 17 gigawatts of co-located generation under development and potential initial generation phases targeted for 2029. These projects are not yet incorporated into the company’s core targets, providing potential incremental growth.
- The company expects to fund approximately $3 billion of corporate investment through 2029 using retained cash flow, more than $1.5 billion of corporate debt and $500 million-$1 billion of external equity, while maintaining a 4.0-4.5x leverage target and a BB credit rating. Management said equity issuance will be limited to situations where it is demonstrably accretive.
Clearway Energy Stock Performance
CWEN stock traded down $0.61 on Wednesday, hitting $31.12. The company had a trading volume of 1,351,679 shares, compared to its average volume of 1,133,513. The company has a current ratio of 1.11, a quick ratio of 1.02 and a debt-to-equity ratio of 1.55. Clearway Energy has a 12-month low of $27.67 and a 12-month high of $41.74. The stock has a market cap of $6.39 billion, a price-to-earnings ratio of 778.12 and a beta of 0.89. The stock’s 50-day simple moving average is $35.58 and its 200 day simple moving average is $37.49.
Institutional Investors Weigh In On Clearway Energy
Wall Street Analysts Forecast Growth
Several equities analysts have commented on CWEN shares. Truist Financial assumed coverage on Clearway Energy in a research report on Monday, July 13th. They set a “buy” rating and a $43.00 price objective for the company. Zacks Research downgraded shares of Clearway Energy from a “hold” rating to a “strong sell” rating in a research report on Friday, July 10th. Morgan Stanley increased their price target on shares of Clearway Energy from $56.00 to $60.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 27th. UBS Group lifted their price target on shares of Clearway Energy from $44.00 to $45.00 and gave the company a “buy” rating in a research report on Wednesday, June 24th. Finally, Wall Street Zen cut shares of Clearway Energy from a “sell” rating to a “strong sell” rating in a research report on Saturday. Two analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $44.00.
Get Our Latest Research Report on CWEN
Clearway Energy Company Profile
Clearway Energy Group (NYSE: CWEN) is a U.S.-based energy company specializing in the ownership, operation and development of clean and conventional power generation assets. The company’s portfolio spans utility-scale wind and solar farms, biogas and natural gas-fired thermal facilities, as well as distributed generation projects such as rooftop solar and energy storage. Clearway’s generation assets are largely underpinned by long-term power purchase agreements and service contracts with creditworthy counterparties, enabling stable, predictable cash flows.
Originally launched in 2013 as NRG Yield and rebranded to Clearway Energy in 2018 following a strategic sponsorship change, the business has grown into one of the largest independent renewable energy platforms in the United States.
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