Clearway Energy Stock Price, News & Analysis

Deriva Energy agreed to sell an 833MWdc (613MWac) operational solar portfolio to Clearway Energy (NYSE: CWEN, CWEN.A). The parties did not disclose transaction terms. Deriva said the sale will optimize its asset portfolio and recycle capital for reinvestment. The deal includes Deriva and its joint-venture partner Manulife Investment Management, with TD Securities acting as exclusive financial advisor to the sellers. The transaction is expected to close by the second quarter of 2026.

Clearway Energy (NYSE: CWEN) entered a binding agreement to acquire a 613 MWac operational solar portfolio from Deriva Energy, spanning eight states and concentrated in CAISO and PJM, the PR states. The company will co-invest equity on 227 MWac (12 Western US assets) via a 50/50 joint venture with Fengate. After estimated closing adjustments and asset-level financings, Clearway expects $210–230 million of long-term corporate capital investment. The PR states the deal is expected to close by Q2 2026, to be immediately accretive with a 5‑year annual CAFD yield >12% and incremental five‑year average annual asset CAFD of ~$27 million starting Jan 1, 2027. The company says funding will follow its previously disclosed capital allocation framework.

Clearway Energy (NYSE: CWEN) has announced a $100 million At-The-Market (ATM) equity offering program. The company has entered into an Equity Distribution Agreement with multiple leading financial institutions including Morgan Stanley, BofA Securities, Citigroup, J.P. Morgan, and Wells Fargo Securities.

Under the agreement, Clearway Energy will be able to sell shares of its Class C common stock through these agents, with sales primarily conducted through ordinary brokers' transactions on the NYSE at market prices. The shares will be issued under a prospectus supplement dated August 6, 2025.

The company plans to use the net proceeds for general corporate purposes, including potential debt repayment, working capital, capital expenditures, and funding acquisitions and investments.

Clearway Energy (NYSE:CWEN) reported Q2 2025 financial results with Net Income of $12 million, Adjusted EBITDA of $343 million, and Cash Available for Distribution (CAFD) of $152 million. The company announced key growth initiatives, including the commercialization of Goat Mountain wind project for 2027 and a potential investment in a 291 MW Western states storage portfolio.

The company increased its quarterly dividend by 1.6% to $0.4456 per share ($1.7824 annualized) and updated its 2025 CAFD guidance to $405-$440 million. Notable achievements include the closing of the Catalina Solar acquisition for $127 million and raising the 2027 CAFD per share target range to $2.50-$2.70.

Clearway Energy (NYSE: CWEN, CWEN.A) has scheduled its Second Quarter 2025 financial results announcement for Tuesday, August 5, 2025. The company will host a conference call and webcast at 5:00 p.m. Eastern to discuss the results.

Investors can access the live webcast and presentation materials through Clearway Energy's website in the Investor Relations section under "Presentations & Webcasts." An archived version of the webcast will be available for those unable to attend the live event.

Clearway Energy reported Q1 2025 financial results with mixed performance. The company posted a Net Loss of $104 million, while achieving Adjusted EBITDA of $252 million, Cash from Operating Activities of $95 million, and CAFD of $77 million.

Key highlights include:

• Quarterly dividend increase of 1.7% to $0.4384 per share
• Strong operational performance with improved availability across segments
• Acquisition of 100 MW California solar project for $120-125 million
• Closed Tuolumne Wind acquisition (137 MW) for $61 million
• Mt. Storm repowering agreement with Microsoft PPA

The company maintained its 2025 CAFD guidance of $400-440 million. Renewable generation increased 13% YoY, with total liquidity at $1,325 million as of March 31, 2025. Management remains confident in reaching the top end of their $2.40-$2.60 CAFD per share target for 2027.

Clearway Energy Group has secured a significant long-term power purchase agreement (PPA) with Microsoft for their 335-megawatt Mount Storm wind farm project in Grant County, West Virginia.

Key highlights of the agreement:

• The project will support Microsoft's carbon reduction and sustainability goals
• Mount Storm will be constructed using American-made equipment
• The project promises substantial community benefits, including: - Millions in tax revenue - Hundreds of construction jobs - Funding for community programs

According to Valerie Wooley, Senior Vice President of Origination at Clearway, the company is excited to collaborate with Microsoft on the Mount Storm project, emphasizing their commitment to renewable energy development and local economic growth.

Clearway Energy (NYSE: CWEN) has announced it will release its First Quarter 2025 financial results on Wednesday, April 30, 2025. The company will host a conference call and webcast at 5:00 p.m. Eastern to discuss the quarterly performance. Investors can access the live webcast and presentation materials through the company's website at clearwayenergy.com in the Investor Relations section under 'Presentations & Webcasts'. An archived version of the webcast will be available for those unable to attend the live event.

Clearway Energy (CWEN) reported its full year 2024 financial results, showing a Net Loss of $63 million, Adjusted EBITDA of $1,146 million, Cash from Operating Activities of $770 million, and Cash Available for Distribution (CAFD) of $425 million. The company has committed approximately $450 million to new long-term corporate capital investments in 2024.

Key developments include agreements with Clearway Group for a 320 MW storage hybridization portfolio and 335 MW wind repowering, plus a binding agreement to acquire a 137 MW wind project. The company increased its quarterly dividend by 1.7% to $0.4312 per share in Q1 2025. Despite the net loss, which increased versus 2023 due to additional depreciation and growth investments, CAFD results were higher than 2023 primarily due to improved Adjusted EBITDA results and lower debt service.

The company reaffirmed its 2025 CAFD guidance range of $400-440 million and maintains its goal to deliver $2.40-$2.60 in CAFD per share by 2027.