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Clearway Energy, Inc. (CWEN.A)
NYSE:CWEN.A
Earnings Data
Report Date
Apr 30, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
-0.24Last Year’s EPS
0.03Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized strong execution on growth commercialization, meaningful capacity additions, robust sponsor-enabled opportunities, a deep late‑stage pipeline and disciplined capital markets execution (e.g., $600M notes, $100M equity), all supporting reiterated 2026 guidance and clear 2030 CAFD per share targets. Near-term challenges include below‑median wind in Q4, timing-related solar impacts, modest immediate CAFD uplift from some recontracting transactions, and continued dependence on successful permitting, interconnection and capital raises to fully realize targets. On balance, the positive operational and pipeline progress and solid funding execution outweigh the near-term operational and funding execution risks.Company Guidance
Full-Year CAFD Above Guidance Midpoint
Clearway delivered full-year cash available for distribution (CAFD) of $430 million, above the original guidance midpoint of $420 million (guidance range $400M–$440M), approximately +2.4% above the midpoint. Management reaffirmed 2026 CAFD guidance of $470M–$510M and reiterated a 2027 CAFD per share target of $2.70 or better.
Material Capacity Additions and Contracting Activity
Enterprise added ~1.3 GW of value-enhancing projects in 2025 and signed ~2 GW of new PPAs with hyperscalers in 2025, with additional gigawatts of revenue contracting opportunities under discussion.
Strong Development Commercialization and Pipeline Depth
100% of planned repowerings and new construction projects in the 2026 and 2027 vintages are commercialized; nearly 50% of late-stage megawatts in the 2028 vintage are contracted. The 2029 vintage includes development activity of over ~7 GW, providing redundancy well above what is needed to hit 2030 goals.
Clear 2030 CAFD per Share Target with CAGR Expectation
Company reaffirmed a 2030 CAFD per share target of $2.90–$3.10, representing an expected 7%–8% CAGR from 2025 and management confidence in meeting the target through identified/commercialized projects and sponsor-enabled growth.
Repowerings and Yield Targets
Repowerings totaling more than 900 MW are on schedule for 2027 commercial operations and are expected to deliver attractive CAFD yields in excess of 11%, while extending useful life of wind assets.
Capital Markets Execution and Funding Optionality
Closed an upsized $600M senior unsecured note due 2034 at an attractive spread (second-tightest high-yield spread in the power sector since 2020), executed $100M of opportunistic equity issuance (least dilutive in platform history), and reported stock price appreciation of over +30% since late August. Management says it can deploy at least $650M incremental corporate capital over 2028–2030 and remains targeting a BB credit rating and long-term payout ratio below 70%.
Q4 Operating and Financial Results
Fourth-quarter adjusted EBITDA was $237 million and quarterly CAFD was $35 million. Full-year performance benefited from on-time commercial operations, accretive third‑party M&A and strong fleet performance that drove full-year CAFD above guidance midpoint.
Sponsor-Enabled Growth Momentum (CWEN)
All CWEN committed projects are under construction and progressing to milestones; Royal Slope received an offer for investment and Honeycomb II battery phase is a potential CWEN investment with an offer expected later in 2026, supporting sponsor-enabled growth runway.
PPA Pricing Environment Improved
Management reported a favorable and sustained PPA pricing environment across geographies, noting PPA pricing in comparable markets is roughly double levels from three years ago, supporting attractive returns for new development.
Strategic Opportunities for Co‑located Digital Infrastructure
Clearway Group is developing multi-technology generation complexes across five states to serve data-center demand; first-generation resources at these complexes could come online as soon as late 2028, creating additional accretive investment pathways similar in return profile to traditional long-term contracted assets.
CWEN.A Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
CWEN.A Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 23, 2026 | $37.01 | $35.83 | -3.20% |
Nov 04, 2025 | $29.76 | $31.73 | +6.61% |
Aug 05, 2025 | $28.55 | $27.16 | -4.87% |
Apr 30, 2025 | $25.82 | $25.52 | -1.17% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Clearway Energy, Inc. (CWEN.A) report earnings?
Clearway Energy, Inc. (CWEN.A) is schdueled to report earning on Apr 30, 2026, Before Open (Confirmed).
What is Clearway Energy, Inc. (CWEN.A) earnings time?
Clearway Energy, Inc. (CWEN.A) earnings time is at Apr 30, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CWEN.A EPS forecast?
CWEN.A EPS forecast for the fiscal quarter 2026 (Q1) is -0.24.