Clearway Energy Inc (CWEN)
NYSE:CWEN
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Earnings Data
Report Date
Aug 11, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.39Last Year’s EPS
0.28Same Quarter Last Year
Strong Buy
Based on 8 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized strong execution, increased visibility to incremental growth opportunities, and upgraded near-term capital deployment (including a 20% increase in corporate cash deployment through 2029). Management reaffirmed 2026 guidance, reported solid operational performance in solar/battery and flexible generation, closed an accretive acquisition (Cardinal) with >12% CAFD yield, and secured robust financing (including a $1B tax equity facility). Primary operational headwinds were lower wind resources and availability at Alta driven by weather and a turbine enhancement program, which management expects to remedy in 2026. Overall, the positive drivers and expansion in visible growth investments materially outweigh the contained, operational weather-related headwinds.Company Guidance
Reaffirmed 2026 Guidance and 2027 Target
Reaffirmed full-year 2026 CAFD guidance of $470M–$510M and reiterated 2027 CAFD per share target of $2.70 or better, signaling confidence in near-term financial objectives.
Upward Revision to Near-Term Capital Deployment
Expect to deploy $3.0B of corporate capital from 2026–2029 (a ~20% increase in corporate cash deployment versus prior outlook), providing greater visibility to hit the top end or better of the 2030 CAFD per share target.
Ambitious 2030 Outlook — Top End or Better
Management is now targeting the top end or better of the 2030 CAFD per share target range ($2.90–$3.10) and intends to set a 2031 target consistent with the high end of the 5%–8%+ long-term growth range.
Strong Commercialization and Development Visibility
100% commercialization on sponsor-enabled 2026–2027 vintages; contracts signed or awarded for over 70% of planned megawatts for the 2028 COD vintage; 2029 pipeline includes >4 GW of priority projects (including ~2 GW solar-plus-storage in late-stage development).
Repowering Program with Attractive Yields
Repowering program expects ~ $600M of corporate capital deployed at projected CAFD yields of ~11%–12%, extending asset lives and improving cash-flow durability.
Accretive Acquisition Closed — Cardinal
Closed Cardinal acquisition (formerly Dureva) during the quarter; management expects CAFD yields in excess of 12% and reports acquired assets performing in line with expectations.
Q1 Financial Performance and Operational Strength
Delivered Q1 adjusted EBITDA of $257M and CAFD of $70M; solar & battery fleet and flexible generation delivered strong, budget‑in‑line performance for the quarter.
Improved Capital Structure and Funding Flexibility
Share class simplification approved to one publicly traded security (expected to increase liquidity and float); stated funding approach uses retained CAFD first, corporate debt (target ~45% of incremental funding), then equity (~55%), with target leverage of 4.0–4.5x and a long-term payout ratio targeted into the 70s.
Data Center / Co-Located Digital Infrastructure Opportunity
Management increased visibility to large co‑located digital infrastructure complexes (one complex alone could represent a $1B+ capital deployment opportunity weighted to 2030+), and highlighted first-phase generation equipment purchases targeting first load as soon as 2028 for Wyoming complex.
Robust Financing Execution
Finance team reported an active financing environment and closed the largest tax equity facility in company history ($1B); management says project debt, tax equity, and tax credit transfer markets are the strongest they've seen.
CWEN 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 Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 07, 2026 | $38.14 | $38.16 | +0.05% |
Feb 24, 2026 | $38.22 | $38.29 | +0.21% |
Nov 04, 2025 | $31.70 | $33.82 | +6.68% |
Aug 05, 2025 | $30.38 | $29.05 | -4.40% |
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) report earnings?
Clearway Energy Inc (CWEN) is schdueled to report earning on Aug 11, 2026, Before Open (Confirmed).
What is Clearway Energy Inc (CWEN) earnings time?
Clearway Energy Inc (CWEN) earnings time is at Aug 11, 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 EPS forecast?
CWEN EPS forecast for the fiscal quarter 2026 (Q2) is 0.39.