Clearway Energy reports Q2 EPS 28c vs. 43c last year

Reports Q2 revenue $392M, consensus $428.28M. “During the first half of this year, we made strong progress towards our near-term and long-term growth goals – demonstrating how our multiple growth pathways reinforce each other as we accelerate accretive growth into the future. We have increased the bottom-end of our 2025 guidance range to account for contributions expected this year from all recently closed acquisitions, while sound planning and execution has kept all sponsor-enabled committed growth investments on schedule. Looking further out, we further crystallized visibility into our 2027 growth objectives, including through today’s announced drop-down offer to invest in a contracted storage portfolio. Collectively, our growth pathways have put us in a position to increase our 2027 CAFD per share target range to $2.50 to $2.70, with building blocks including our wind repowering campaign and highly resilient sponsor development pipeline providing the foundation for growth beyond 2027,” said Craig Cornelius, Clearway Energy (CWEN), Inc.’s president and CEO.