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Clearway Energy, Inc. - CWEN STOCK NEWS

Welcome to our dedicated page for Clearway Energy news (Ticker: CWEN), a resource for investors and traders seeking the latest updates and insights on Clearway Energy stock.

Clearway Energy, Inc. (CWEN) is a leading developer and operator of renewable energy projects in the United States. The company boasts over 5.7 gigawatts of clean energy assets, including wind, solar, and energy storage, managed through its affiliate, Clearway Energy, Inc. As a publicly traded energy infrastructure investor, Clearway Energy focuses on clean energy investments and operates a diverse portfolio of long-term, contracted assets across North America.

The company's operations are segmented into three divisions: Conventional Power Generation, Renewables, and Thermal. It owns approximately 6,000 net megawatts (MW) of renewable energy projects and an additional 2,500 net MW of environmentally-sound natural gas generation facilities. This diversified portfolio enables Clearway Energy to provide its investors with stable and growing dividend income.

In recent developments, Clearway Energy has shown significant growth. For instance, in the fourth quarter of 2023, the company's Renewables segment saw a 3% increase in generation compared to the same period in 2022, primarily due to new growth investments. Similarly, the Conventional segment experienced higher availability in the same period due to reduced downtime at key facilities.

Financially, the company has maintained a solid performance. Clearway Energy's Adjusted EBITDA and Cash Available for Distribution (CAFD) have shown positive trends, reflecting the company's strong operational efficiency and strategic growth investments. The company's recent quarterly reports indicate an increase in cash from operating activities and improved availability of its energy generation assets.

Clearway Energy also maintains a strong focus on sustainability. Its assets include highly efficient natural gas generation facilities that complement its extensive renewable energy projects, ensuring a balanced and environmentally responsible energy portfolio.

Clearway Energy, Inc. is sponsored by its controlling investor, Clearway Energy Group LLC, and its Class C and Class A common stock are traded on the New York Stock Exchange under the symbols CWEN and CWEN.A, respectively. Investors can find more information on their official website, investor.clearwayenergy.com.

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Clearway Energy plans to release its Second Quarter 2024 financial results on August 1, 2024. The company will host a conference call and webcast at 8:00 a.m. Eastern to discuss the results. Investors can access the live webcast and presentation materials through Clearway Energy's website under the Investor Relations section. The webcast will also be available on the site for later access.

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Clearway Energy, Inc. reported its first quarter 2024 financial results, signing agreements for wind and solar projects, new Resource Adequacy Contracts, and increasing quarterly dividend. The company reported a Net Loss of $(46) million, Adjusted EBITDA of $211 million, Cash from Operating Activities of $81 million, and Cash Available for Distribution of $52 million. The company remains optimistic about achieving its 2024 financial objectives and long-term dividend growth targets.

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Clearway Energy, Inc. announced CEO transition where Chris Sotos will step down as CEO and Craig Cornelius will take over. The transition is effective June 30, 2024. Sotos led the company to financial success since its 2013 IPO, and Cornelius has a proven track record in renewable energy. The company reaffirmed its 2024 full year CAFD guidance of $395 million, anticipating growth investments and renewable energy production estimates.

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Clearway Energy, Inc. (CWEN) to report First Quarter 2024 financial results on May 9, 2024. The management will host a conference call and webcast at 8:00 a.m. Eastern. Access the live webcast on the company's website.
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Clearway Energy, Inc. reported a Net Loss of $14 million for 2023 but remains positive with new capital investments and contract signings. Adjusted EBITDA was $1,058 million, Cash from Operating Activities at $702 million, and CAFD of $342 million. The quarterly dividend increased by 1.7% to $0.4033 per share in Q1 2024.
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Clearway Energy, Inc. (CWEN) announced a quarterly dividend increase of 1.7% to $0.4033 per share, totaling $1.6132 annually. The dividend is payable on March 15, 2024, to shareholders of record as of March 1, 2024.
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Clearway Energy, Inc. (CWEN) is set to announce its Fourth Quarter 2023 financial results on February 22, 2024. The management will present the results during a conference call and webcast at 8:00 a.m. Eastern. The live webcast can be accessed through the company's website, and the presentation materials will be available for viewing. The webcast will also be archived for later viewing.
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Clearway Energy, Inc. reported Q3 2023 financial results, including Net Income of $15 million, Adjusted EBITDA of $323 million, Cash from Operating Activities of $287 million, and Cash Available for Distribution (CAFD) of $156 million. They signed an agreement with Clearway Group to invest in the 452 MW Texas Solar Nova solar projects, received an enhanced offer to invest in Dan's Mountain Wind, and received an offer to invest in 572 MW of solar plus storage projects. They also entered into new Resource Adequacy contracts for Marsh Landing and El Segundo. The company is reiterating its 2023 financial guidance and increasing the quarterly dividend by 2%.
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Clearway Energy to report Q3 2023 financial results on November 2, 2023
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FAQ

What is Clearway Energy, Inc.?

Clearway Energy, Inc. is a leading developer and operator of renewable energy projects in the United States, with over 5.7 gigawatts of wind, solar, and energy storage assets.

What are the primary segments of Clearway Energy's operations?

Clearway Energy segments its operations into three divisions: Conventional Power Generation, Renewables, and Thermal.

What is the stock symbol for Clearway Energy, Inc.?

Clearway Energy, Inc.'s Class C common stock is traded under the symbol CWEN, and its Class A common stock is traded under CWEN.A on the New York Stock Exchange.

How much renewable energy capacity does Clearway Energy operate?

Clearway Energy operates approximately 6,000 net megawatts of renewable energy projects, including wind, solar, and energy storage.

What recent achievements has Clearway Energy made?

In the fourth quarter of 2023, Clearway Energy's Renewables segment saw a 3% increase in generation, primarily due to new growth investments.

Who is the controlling investor of Clearway Energy, Inc.?

Clearway Energy Group LLC is the controlling investor of Clearway Energy, Inc.

Where can I find financial information about Clearway Energy, Inc.?

Financial information about Clearway Energy, Inc. can be found on their official investor website: investor.clearwayenergy.com.

What is Clearway Energy's approach to sustainability?

Clearway Energy maintains a strong focus on sustainability, with a portfolio that includes highly efficient natural gas generation facilities and extensive renewable energy projects.

How has Clearway Energy performed financially recently?

Clearway Energy has shown positive financial trends in its recent quarterly reports, with increases in Adjusted EBITDA and Cash Available for Distribution (CAFD).

What is the significance of Clearway Energy's portfolio?

Clearway Energy's diversified and primarily contracted portfolio provides stable and growing dividend income to its investors while promoting clean and sustainable energy solutions.

Clearway Energy, Inc.

NYSE:CWEN

CWEN Rankings

CWEN Stock Data

3.06B
82.45M
1.08%
93.88%
2.76%
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United States of America
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