Latest news with #CWEN
Globe and Mail
6 days ago
- Business
- Globe and Mail
Clearway Energy (CWEN) Q2 Net Jumps 200%
Key Points The company raised its quarterly dividend by 1.6% to $0.4456 per share and increased its cash available for distribution (non-GAAP) guidance for FY2025. These 10 stocks could mint the next wave of millionaires › Clearway Energy (NYSE:CWEN), a major U.S. independent power producer focused on wind, solar, and battery energy storage, released its fiscal second quarter 2025 results on August 5, 2025, and revenue (GAAP) reached $392 million, which was $30.72 million below analyst expectations. On the positive side, net income (GAAP) rose sharply from the prior year. The company raised its quarterly dividend. Management described the period as mixed, with growth in its renewables output but softness in flexible generation and continued pressure from debt service and variable resource conditions. Metric Q2 2025 Q2 2025 Estimate Q2 2024 Y/Y Change EPS (GAAP) $0.28 $0.64 $0.43 (34.9%) Revenue (GAAP) $392 million $422.72 million $366 million 7.1% Net Income (GAAP) $12 million $4 million 200.0 % Adjusted EBITDA $343 million $353 million -2.8 % Cash Available for Distribution (Non-GAAP) $152 million $187 million (18.7 %) Source: Analyst estimates provided by FactSet. Management expectations based on management's guidance, as provided in Q1 2025 earnings report. Understanding Clearway Energy's Business and Recent Focus It operates a national portfolio of renewable and flexible power plants, with approximately 12 GW of generation capacity as of mid-2025. The portfolio includes approximately 9 GW of wind, solar, and battery energy storage systems out of a total of approximately 11.8 GW, and in 2024, 96% of total generation was attributable to renewable energy and storage assets. Its strategy hinges on growing its asset base through acquisitions and new project development, leveraging its partnership with developer Clearway Energy Group to access new projects and technology. Recent business priorities include expanding the generation portfolio, maintaining high grid reliability, and growing dividends. Management sees stable cash flows through long-term contracts as key. The company places strong emphasis on financial discipline, aiming for steady dividend growth, while watching for risks related to weather-driven resource variability and shifts in power market pricing. Quarterly Highlights: Performance Drivers and Strategic Moves Revenue (GAAP) was $392 million, up 7.1% from $366 million in Q2 2024. However, the result missed analyst targets because both Flexible Generation and Renewables & Storage segments experienced some softness. In Flexible Generation, lower energy prices and milder weather led to a net loss of $11 million (GAAP), while adjusted EBITDA (non-GAAP) for the Flexible Generation segment dropped to $52 million due to reduced plant availability (down to 95.0%). This segment includes dispatchable combustion-based power generation assets that provide critical grid reliability services. The Renewables & Storage segment, made up of wind farms, solar plants, and battery storage deployments, saw net income (GAAP) rise to $63 million, with output up 1% to 5,591,000 megawatt hours. Adjusted EBITDA (non-GAAP) slipped slightly as lower wind resource offset contributions from recent asset additions. Operating cash flow (GAAP) totaled $191 million, slightly less than last year's $196 million for Q2 2024. Cash available for distribution (CAFD), a key non-GAAP metric that shows potential cash paid out to shareholders, fell to $152 million due to both lower segment EBITDA and higher project-level debt service. The decrease was linked to timing of debt payments and project funding, as well as operational factors. Despite this dip, the period saw meaningful progress in both sponsor-enabled portfolio growth and new project commitments. Major growth updates included reaching over 1.6 GW in sponsor-backed projects slated for 2025 and 2026, highlighted by a new 291 MW battery storage offer in the western U.S. It closed its acquisition of the Catalina Solar facility (109 MW) for approximately $127 million on July 16, 2025, adding contracted, long-term cash flow. On the repowering front, the Texas-based Goat Mountain facility secured a 15-year power purchase agreement with a large technology customer in Q3 2025, ahead of a major upgrade planned for 2027. These steps expand medium-term revenue visibility and potential cash returns. This quarter also saw the quarterly dividend increased 1.6% to $0.4456 per share. Liquidity at the end of the quarter stood at $1.30 billion, with available revolving credit of $512 million as of June 30, 2025. The CAFD per share long-term target for 2027 (non-GAAP) was nudged higher, reflecting management's confidence in new assets' contribution to future results. Looking Ahead: Guidance and Key Watch Points Management raised the bottom end of its fiscal 2025 Cash Available for Distribution (non-GAAP) guidance range, now $405–$440 million (up from $400–$440 million), reflecting greater certainty from recent acquisitions and new project rollout. The long-term Cash Available for Distribution (CAFD) per share target for 2027 is now $2.50–$2.70 (non-GAAP, calendar year), up from a prior range of $2.40–$2.60. These updates point to continued expansion of cash flows but are based on the assumption of median renewable output and no material delays in project execution, as reflected in the 2025 full year Cash Available for Distribution (CAFD) guidance, which is a non-GAAP measure and is based on median renewable energy production estimates. Looking forward, management emphasized focus on operational execution, especially in its Flexible Generation segment, which experienced some underperformance tied to outages and pricing during the quarter. Growth in battery energy storage projects remains a key trend, with developers and customers adapting contract terms to absorb supply chain pressures, including tariffs. Investors will want to keep an eye on project development timelines, project debt service, and the pace of new asset integration as the company leans into its multi-path growth model. The company's cash flow and dividend growth targets continue to rely on successful delivery of pipeline projects and favorable market conditions. The quarterly dividend was raised 1.6% to $0.4456 per share. Revenue and net income presented using U.S. generally accepted accounting principles (GAAP) unless otherwise noted. Where to invest $1,000 right now When our analyst team has a stock tip, it can pay to listen. After all, Stock Advisor's total average return is 1,039%* — a market-crushing outperformance compared to 181% for the S&P 500. They just revealed what they believe are the 10 best stocks for investors to buy right now, available when you join Stock Advisor. See the stocks » *Stock Advisor returns as of August 4, 2025
Business Insider
19-07-2025
- Business
- Business Insider
Clearway Energy downgraded to Neutral from Outperformer at CIBC
CIBC downgraded Clearway Energy (CWEN) to Neutral from Outperformer with a $35 price target Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Yahoo
27-06-2025
- Business
- Yahoo
Are Oils-Energy Stocks Lagging Clearway Energy (CWEN) This Year?
For those looking to find strong Oils-Energy stocks, it is prudent to search for companies in the group that are outperforming their peers. Is Clearway Energy (CWEN) one of those stocks right now? A quick glance at the company's year-to-date performance in comparison to the rest of the Oils-Energy sector should help us answer this question. Clearway Energy is a member of the Oils-Energy sector. This group includes 245 individual stocks and currently holds a Zacks Sector Rank of #16. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst. The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. Clearway Energy is currently sporting a Zacks Rank of #2 (Buy). The Zacks Consensus Estimate for CWEN's full-year earnings has moved 46.5% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving. According to our latest data, CWEN has moved about 21.7% on a year-to-date basis. At the same time, Oils-Energy stocks have lost an average of 0.5%. This means that Clearway Energy is performing better than its sector in terms of year-to-date returns. One other Oils-Energy stock that has outperformed the sector so far this year is Global Partners LP (GLP). The stock is up 9.7% year-to-date. For Global Partners LP, the consensus EPS estimate for the current year has increased 24.6% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy). Looking more specifically, Clearway Energy belongs to the Alternative Energy - Other industry, which includes 44 individual stocks and currently sits at #158 in the Zacks Industry Rank. Stocks in this group have gained about 20.2% so far this year, so CWEN is performing better this group in terms of year-to-date returns. Global Partners LP, however, belongs to the Oil and Gas - Refining and Marketing - Master Limited Partnerships industry. Currently, this 6-stock industry is ranked #59. The industry has moved -1.9% so far this year. Investors with an interest in Oils-Energy stocks should continue to track Clearway Energy and Global Partners LP. These stocks will be looking to continue their solid performance. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Clearway Energy, Inc. (CWEN) : Free Stock Analysis Report Global Partners LP (GLP) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Yahoo
25-06-2025
- Business
- Yahoo
CWEN or ORA: Which Is the Better Value Stock Right Now?
Investors interested in Alternative Energy - Other stocks are likely familiar with Clearway Energy (CWEN) and Ormat Technologies (ORA). But which of these two stocks offers value investors a better bang for their buck right now? We'll need to take a closer look. The best way to find great value stocks is to pair a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system. The proven Zacks Rank puts an emphasis on earnings estimates and estimate revisions, while our Style Scores work to identify stocks with specific traits. Clearway Energy and Ormat Technologies are sporting Zacks Ranks of #2 (Buy) and #3 (Hold), respectively, right now. This system places an emphasis on companies that have seen positive earnings estimate revisions, so investors should feel comfortable knowing that CWEN is likely seeing its earnings outlook improve to a greater extent. But this is just one piece of the puzzle for value investors. Value investors also try to analyze a wide range of traditional figures and metrics to help determine whether a company is undervalued at its current share price levels. Our Value category highlights undervalued companies by looking at a variety of key metrics, including the popular P/E ratio, as well as the P/S ratio, earnings yield, cash flow per share, and a variety of other fundamentals that have been used by value investors for years. CWEN currently has a forward P/E ratio of 29.18, while ORA has a forward P/E of 41.29. We also note that CWEN has a PEG ratio of 0.76. This figure is similar to the commonly-used P/E ratio, with the PEG ratio also factoring in a company's expected earnings growth rate. ORA currently has a PEG ratio of 4.13. Another notable valuation metric for CWEN is its P/B ratio of 1.2. The P/B ratio pits a stock's market value against its book value, which is defined as total assets minus total liabilities. For comparison, ORA has a P/B of 2.02. Based on these metrics and many more, CWEN holds a Value grade of B, while ORA has a Value grade of C. CWEN has seen stronger estimate revision activity and sports more attractive valuation metrics than ORA, so it seems like value investors will conclude that CWEN is the superior option right now. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Clearway Energy, Inc. (CWEN) : Free Stock Analysis Report Ormat Technologies, Inc. (ORA) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
25-06-2025
- Business
- Yahoo
Clearway Energy (CWEN) Is a Great Choice for 'Trend' Investors, Here's Why
Most of us have heard the dictum "the trend is your friend." And this is undeniably the key to success when it comes to short-term investing or trading. But it isn't easy to ensure the sustainability of a trend and profit from it. Often, the direction of a stock's price movement reverses quickly after taking a position in it, making investors incur a short-term capital loss. So, it's important to ensure that there are enough factors -- such as sound fundamentals, positive earnings estimate revisions, etc. -- that could keep the momentum in the stock going. Our "Recent Price Strength" screen, which is created on a unique short-term trading strategy, could be pretty useful in this regard. This predefined screen makes it really easy to shortlist the stocks that have enough fundamental strength to maintain their recent uptrend. Also, the screen passes only the stocks that are trading in the upper portion of their 52-week high-low range, which is usually an indicator of bullishness. There are several stocks that passed through the screen and (CWEN) is one of them. Here are the key reasons why this stock is a solid choice for "trend" investing. A solid price increase over a period of 12 weeks reflects investors' continued willingness to pay more for the potential upside in a stock. CWEN is quite a good fit in this regard, gaining 5.2% over this period. However, it's not enough to look at the price change for around three months, as it doesn't reflect any trend reversal that might have happened in a shorter time frame. It's important for a potential winner to maintain the price trend. A price increase of 4% over the past four weeks ensures that the trend is still in place for the stock of this company created by NRG Energy to acquire and operate natural gas, solar and wind plants. Moreover, CWEN is currently trading at 93% of its 52-week High-Low Range, hinting that it can be on the verge of a breakout. Looking at the fundamentals, the stock currently carries a Zacks Rank #2 (Buy), which means it is in the top 20% of more than the 4,000 stocks that we rank based on trends in earnings estimate revisions and EPS surprises -- the key factors that impact a stock's near-term price movements. The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Another factor that confirms the company's fundamental strength is its Average Broker Recommendation of #1 (Strong Buy). This indicates that the brokerage community is highly optimistic about the stock's near-term price performance. So, the price trend in CWEN may not reverse anytime soon. In addition to CWEN, there are several other stocks that currently pass through our "Recent Price Strength" screen. You may consider investing in them and start looking for the newest stocks that fit these criteria. This is not the only screen that could help you find your next winning stock pick. Based on your personal investing style, you may choose from over 45 Zacks Premium Screens that are strategically created to beat the market. However, keep in mind that the key to a successful stock-picking strategy is to ensure that it produced profitable results in the past. You could easily do that with the help of the Zacks Research Wizard. In addition to allowing you to backtest the effectiveness of your strategy, the program comes loaded with some of our most successful stock-picking strategies. Click here to sign up for a free trial to the Research Wizard today. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Clearway Energy, Inc. (CWEN) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
