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Clearway Energy, Inc. (CWEN.A)
:CWEN.A
Earnings Data
Report Date
Feb 24, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.03Last Year’s EPS
0.31Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 30, 2024
|% Change Since: 7.86%
|Next Earnings Date:Feb 24, 2025
Earnings Call Sentiment|Positive
The earnings call presented a strong financial performance for 2024 with impressive future growth targets and strategic investments, despite some challenges related to refinancing and potential external equity needs.Company Guidance
In the third quarter 2024 earnings call, Clearway Energy, Inc. provided guidance on several key financial metrics, highlighting a robust outlook for the coming years. The company reported $385 million of cash available for distribution (CAFD) year-to-date and reaffirmed its 2024 CAFD guidance at $395 million, with a strong performance in safety and operational improvements. For 2025, Clearway set a CAFD guidance midpoint of $420 million and a dividend target of $1.76 per share, with plans to achieve a 6.5% dividend growth in 2026. Looking ahead to 2027, they aim for a CAFD per share range of $2.40 to $2.60, reflecting a growth trajectory of approximately 7.5% to 12% compounded annually from the 2025 midpoint. The company plans to fund growth primarily through retained cash flow, targeting a payout ratio of 70% to 80%, while also considering modest equity issuances to support long-term growth of 5% to 8% in CAFD per share.Record Year-to-Date CAFD
Clearway Energy, Inc. reported $385 million of CAFD year-to-date, positioning the company well to meet or exceed its 2024 guidance.
Dividend Commitment and Growth
The company announced a fourth quarter dividend in line with its commitment for 7% EPS growth in 2024, and set a 2025 dividend target at $1.76 per share, with a plan for 6.5% dividend growth in 2026.
Strong 2027 CAFD Per Share Growth Targets
Clearway Energy, Inc. set ambitious 2027 CAFD per share growth targets of $2.40 to $2.60, representing a 7.5% to 12% compounded annual growth from the midpoint of its 2025 guidance.
Pine Forest and Honeycomb Projects
The company advanced its growth strategy with investment commitments for the Pine Forest solar and storage project and received an offer to invest in Phase 1 of the Honeycomb storage projects.
Improved Safety and Operational Metrics
Clearway Energy achieved its best-ever safety key performance indicators and improved plant availability and conversion efficiency compared to the prior year.
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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
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CWEN.A Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 30, 2024 | $23.66 | $25.70 | +8.62% |
| Aug 01, 2024 | $23.88 | $25.11 | +5.15% |
| May 09, 2024 | $22.01 | $23.33 | +6.00% |
| Feb 22, 2024 | $20.54 | $19.66 | -4.28% |
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.
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FAQ
When does Clearway Energy, Inc. (CWEN.A) report earnings?
Clearway Energy, Inc. (CWEN.A) is schdueled to report earning on Feb 24, 2025, TBA Not Confirmed.
What is Clearway Energy, Inc. (CWEN.A) earnings time?
Clearway Energy, Inc. (CWEN.A) earnings time is at Feb 24, 2025, TBA Not 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 2024 (Q4) is 0.03.
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