Clearway Energy, Inc.
31.84-0.22 (-0.69%)
Oct 29, 4:00:02 PM EDT · NYSE · CWEN · USD
Key Stats
Market Cap
6.28BP/E (TTM)
48.98Basic EPS (TTM)
0.65Dividend Yield
0.05%Recent Filings
10-Q
Q2 FY2025 results
Clearway Energy posted Q2 revenue of $392 million, up 7.1% year-over-year from $366 million, fueled by the April Tuolumne wind acquisition and higher solar output, though tempered by softer wind resources. Operating income held steady at $85 million, with gross margins around 21.7% amid rising O&M costs from new assets. Diluted EPS attributable to common stockholders came in at $0.28, down from $0.43, reconciling neatly to net income of $33 million on 118 million weighted shares. Acquisitions like Pine Forest and Luna Valley drop-downs, each with long-term PPAs to investment-grade buyers, bolstered the renewables segment, while liquidity stood firm at $1.3 billion including $786 million in cash and restricted cash against $8.8 billion in debt. Free cash flow wasn't disclosed in the 10-Q. Yet regulatory shifts in clean energy tax credits loom large.
8-K
Launches $100M ATM equity program
Clearway Energy launched a $100 million at-the-market equity program on August 6, 2025, allowing sales of Class C shares through agents like Morgan Stanley on the NYSE at prevailing prices. Proceeds will fund general corporate needs, including debt repayment, acquisitions, and investments, bolstering its clean energy portfolio. Capital markets volatility poses risks to execution. This adds flexible funding firepower.
8-K
Clearway Q2 results and growth updates
Clearway Energy reported Q2 2025 net income of $12 million and Adjusted EBITDA of $343 million, down slightly from last year due to lower renewable production and energy margins, yet bolstered by growth investments. The company closed the $127 million Catalina Solar acquisition on July 16, advanced repowering at Goat Mountain for 2027, and received a sponsor offer for 291 MW storage projects in 2026. Updating 2025 CAFD guidance to $405-$440 million, it hiked the quarterly dividend 1.6% to $0.4456 per share. Growth pathways reinforce each other.
8-K
Board director resigns, replaced swiftly
Clearway Energy's board saw a seamless shift on July 1, 2025, when director Emmanuel Barrois resigned without disagreement, quickly replaced by Paige Goodwin on July 7. Goodwin, TotalEnergies' VP of U.S. Renewables Portfolio with deep business and legal experience, joins the Energy Risk Management Committee sans extra pay. This bolsters renewables oversight. No family ties or conflicts noted.
10-Q
Q1 FY2025 results
Clearway Energy posted Q1 revenue of $298 million, up 13.3% year-over-year from $263 million, fueled by higher solar and wind output plus contributions from recent acquisitions like Victory Pass and Arica, while Flexible Generation dipped on softer output. Operating loss narrowed to break-even from $29 million, but net loss widened to $104 million versus $46 million, with the gap to operating tied to $116 million interest expense—up from $57 million—driven by interest rate swap fair-value shifts. Cash from operations climbed 17.3% to $95 million, supporting $56 million in capex; free cash flow stood at $39 million after $56 million capex (derived). Liquidity holds firm at $1.3 billion with $711 million in cash and restricted cash against $7.7 billion total debt, bolstered by drop-downs like Rosamond South I closed March 2025 for $4 million initial cash, assuming $468 million construction debt. Yet regulatory flux around climate disclosures poses ongoing uncertainty.
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