Clearway Energy - CWEN STOCK NEWS

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 An archived version of the webcast will be available for those unable to attend the live event.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.

Clearway Energy (NYSE: CWEN, CWEN.A) has announced a quarterly dividend increase of 1.7% for both its Class A and Class C common stock. The new dividend of $0.4312 per share will be payable on March 17, 2025, to shareholders of record as of March 3, 2025. This represents an annualized dividend of $1.7248 per share, up from the previous quarterly dividend of $0.4240 per share ($1.6960 annualized).

Clearway Energy (NYSE: CWEN, CWEN.A) has announced it will release its Fourth Quarter 2024 financial results on Monday, February 24, 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 the company's website under the Investor Relations section. An archived version of the webcast will be available for those unable to attend the live event.

Clearway Energy has signed a binding agreement to acquire the 137 MW Tuolumne Wind Project from Turlock Irrigation District in Klickitat County, WA. The operational wind project, which began commercial operations in 2009, will operate under a new 15-year PPA with Turlock Irrigation District through 2040. The acquisition requires a corporate capital commitment of $70-75 million and is expected to provide incremental annual levered asset CAFD of approximately $9 million starting January 2026. The deal includes a contractual extension option for potential future repowering and is expected to close in Q1 2025.

Clearway Energy (CWEN) reported Q3 2024 financial results with Net Income of $27 million, Adjusted EBITDA of $354 million, and Cash Available for Distribution (CAFD) of $146 million. The company signed an agreement to invest in a 500 MW solar plus storage project and received an offer for a 320 MW storage hybridization project. CWEN reaffirmed its 2024 CAFD guidance of $395 million and initiated 2025 guidance range of $400-440 million. The quarterly dividend was increased by 1.7% to $0.4240 per share. The company is targeting CAFD per share of $2.40-2.60 in 2027, representing 7.5% to 12% annual growth from 2025.

Clearway Energy, Inc. (NYSE: CWEN, CWEN.A) has announced its plan to report Third Quarter 2024 financial results on Wednesday, October 30, 2024. The company will present these results during a conference call and webcast at 8:00 a.m. Eastern. Investors and interested parties can access the live webcast, including presentation materials, through the company's website at http://www.clearwayenergy.com under the Investor Relations section's "Presentations & Webcasts" tab. For those unable to attend in real-time, the webcast will be archived on the site for later viewing.

Clearway Energy, Inc. (NYSE: CWEN, CWEN.A) reported solid Q2 2024 financial results, including Net Income of $4 million, Adjusted EBITDA of $353 million, and Cash Available for Distribution (CAFD) of $187 million. The company reaffirmed its 2024 CAFD guidance of $395 million and increased its quarterly dividend by 1.7% to $0.4171 per share. Clearway signed agreements to invest in 314 MW of solar plus storage projects and received an offer for a 500 MW solar plus storage project. The company also entered a new Resource Adequacy contract for Marsh Landing and continues to target annual dividend growth in the upper range of 5% to 8% through 2026.