Clearway Energy (CWEN-A) News
Market Cap: $6.05B
Avg Volume: 212.11K
Industry: Renewable Utilities
Sector: Utilities
Clearway Energy, Inc. Increases Quarterly Dividend to $0.4312 per Share
PRINCETON, N.J., Feb. 17, 2025 (GLOBE NEWSWIRE) -- Clearway Energy, Inc. (NYSE: CWEN, CWEN.A) today announced that on February 17, 2025, its Board of Directors declared a quarterly dividend on each of the Company's Class A and Class C common stock of $0.4312 per share payable on March 17, 2025, to shareholders of record as of March 3, 2025. This quarterly dividend represents $1.7248 per share on an annualized basis, an increase of 1.7% over the fourth quarter 2024 dividend of $0.4240 per share, or $1.6960 per share annualized.
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Is Clearway Energy (CWENA) a Solid Growth Stock? 3 Reasons to Think "Yes"
Clearway Energy (CWENA) possesses solid growth attributes, which could help it handily outperform the market.
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Want to Make More Passive Income? These 2 Dividend Stocks Offer Yields Above 6%.
There are lots of ways to make more passive income. Investing in higher-yielding dividend stocks can be a great option.
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Clearway Energy (CWENA) is an Incredible Growth Stock: 3 Reasons Why
Clearway Energy (CWENA) could produce exceptional returns because of its solid growth attributes.
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Are Investors Undervaluing Clearway Energy (CWENA) Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
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Better Energy Stock: Brookfield Renewable vs. Clearway Energy
Brookfield Renewable (BEPC -1.73%) (BEP -2.60%) and Clearway Energy (CWEN 0.68%) (CWEN.A 0.51%) are two of the largest renewable energy producers in the country. Those assets generate lots of steady cash flow, which they pay out in dividends.
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This Nearly 6%-Yielding Stock Is Adding More Power to Drive Dividend Growth in 2027 and Beyond
Clearway Energy (CWEN 3.21%) (CWEN.A 3.44%) offers investors a high-yielding dividend currently approaching 6%. That's multiples higher than the S&P 500 's (^GSPC 0.57%) dividend yield, which is near a 20-year low at around 1.2%.
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Clearway Energy, Inc. Signs Binding Agreement to Acquire 137 MW Wind Project
PRINCETON, N.J., Nov. 25, 2024 (GLOBE NEWSWIRE) -- Clearway Energy, Inc. (NYSE: CWEN, CWEN.A) (“Company”) today announced that it has entered into a binding agreement to acquire the operational Tuolumne Wind Project from Turlock Irrigation District.
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Got $1,000? Here Are 3 Great Energy Stocks to Buy Right Now.
The energy industry has reached a major inflection point. It was already slowly transitioning to cleaner energy sources to combat the potentially worse impacts of climate change.
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3 High-Yield Dividend Stocks You Can Buy and Hold for a Decade
With interest rates headed lower, now's the right time to buy dividend stocks for the long term. Some high-yield stocks are also growing their dividends steadily, paving the way for big returns.
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2 Ultra-High-Yield Dividend Stocks You Can Buy and Hold for a Decade
Enbridge has paid dividends for nearly seven decades. Clearway Energy expects to grow its high-yielding payout near the top end of its target range through 2026.
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3 Phenomenal Dividend Stocks to Buy Before It's Too Late
American Water Works aims to grow its dividend by 7% to 9% in the long term. Investors are warming up to Enbridge's reliable business and lofty yield.
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3 Underrated High-Yield Dividend Stocks to Buy Now and Hold Forever
Black Hills is a Dividend King with a historically high yield you have probably never heard of. Phillips 66 has delivered high-octane dividend growth.
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3 No-Brainer Stocks to Buy and Hold for the Rest of 2024 and Beyond
Brookfield Renewable has a strong parent, and the clean energy shift is going to take decades. Falling rates will add to Clearway Energy's upside catalysts.
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4 Surprising Stocks I'm Buying In Anticipation Of A Republican Sweep
Lots of things are happening all at once: economic weakening, rising odds of Fed rate cuts, and political chaos.US manufacturing output and employment increased until the 2018 tariffs took effect.
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Clearway Energy, Inc. to Report Second Quarter 2024 Financial Results on August 1, 2024
PRINCETON, N.J., July 10, 2024 (GLOBE NEWSWIRE) -- Clearway Energy, Inc. (NYSE: CWEN, CWEN.A) plans to report Second Quarter 2024 financial results on Thursday, August 1, 2024. Management will present the results during a conference call and webcast at 8:00 a.m. Eastern.
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3 Energy Stocks to Buy and Hold for Great Long-Term Potential
NextEra Energy should continue generating powerful total returns. Brookfield Renewable has several growth catalysts.
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Are There Any Dividend Buys as the S&P 500 Rallies? Yes, and Here They Are.
Schwab U.S. Dividend Equity ETF will let you mix yield, quality, and dividend growth all in one simple package. Brookfield Infrastructure has gotten really cheap.
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2 High-Yield Dividend Stocks That Are Screaming Buys in June
Higher interest rates have weighed on renewable energy dividend stocks in recent years. That headwind should fade, boosting the values of Brookfield Renewable and Clearway Energy.
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Clearway Energy, Inc. to Report First Quarter 2024 Financial Results on May 9, 2024
PRINCETON, N.J., April 10, 2024 (GLOBE NEWSWIRE) -- Clearway Energy, Inc. (NYSE: CWEN, CWEN.A) plans to report First Quarter 2024 financial results on Thursday, May 9, 2024. Management will present the results during a conference call and webcast at 8:00 a.m. Eastern.
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2 Better High-Yield Stocks to Buy Than NextEra Energy
Rising cost of capital could upend NextEra's growth story -- and its dividend.
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Clearway Energy, Inc. to Report Third Quarter 2023 Financial Results on November 2, 2023
PRINCETON, N.J., Oct. 16, 2023 (GLOBE NEWSWIRE) -- Clearway Energy, Inc. (NYSE: CWEN, CWEN.A) plans to report Third Quarter 2023 financial results on Thursday, November 2, 2023. Management will present the results during a conference call and webcast at 8:00 a.m. Eastern.
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3 Dividend Stocks That Can Generate Income for Life
The Southern Company hasn't cut its dividend in over 75 years, and with a big capital project coming to a close, it could start increasing the dividend at a faster rate. Clearway Energy's focus on clean energy positions it to generate decades of growing cash flow.
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Clearway Energy, Inc. Reports Second Quarter 2023 Financial Results
PRINCETON, N.J., Aug. 08, 2023 (GLOBE NEWSWIRE) -- Clearway Energy, Inc. (NYSE: CWEN, CWEN.A) today reported second quarter 2023 financial results, including Net Income of $84 million, Adjusted EBITDA of $316 million, Cash from Operating Activities of $134 million, and Cash Available for Distribution (CAFD) of $137 million.
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Clearway Energy, Inc. Provides Update on Second Quarter 2023 Wind Production
PRINCETON, N.J., July 13, 2023 (GLOBE NEWSWIRE) -- Clearway Energy, Inc. (NYSE: CWEN, CWEN.A) (“Company”) today announced that wind production for its fleet in the second quarter of 2023 was approximately 25% below internal median production estimates, which was inclusive of the Alta Wind Complex's wind production at approximately 20% below internal expectations. This deviation in the Company's wind production index represented the lowest quarterly production reading in the Company's history and resulted in an estimated decrease to second quarter 2023 revenue of between $25 and $30 million.
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Clearway Energy, Inc. Reports First Quarter 2023 Financial Results
PRINCETON, N.J., May 04, 2023 (GLOBE NEWSWIRE) -- Clearway Energy, Inc. (NYSE: CWEN, CWEN.A) today reported first quarter 2023 financial results, including Net Loss of $(40) million, Adjusted EBITDA of $218 million, Cash from Operating Activities of $75 million, and Cash Available for Distribution (CAFD) of $(4) million.
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Clearway Energy, Inc. Appoints Sarah Rubenstein as Chief Financial Officer
PRINCETON, N.J., April 17, 2023 (GLOBE NEWSWIRE) -- Clearway Energy, Inc. (NYSE: CWEN, CWEN.A) (“Company”) today announced the internal appointment of Sarah Rubenstein as Executive Vice President and Chief Financial Officer, effective April 12th. With approximately twenty-five years of experience, Rubenstein, who will continue as the Company's principal accounting officer, will lead the Company's financial and accounting operations. In this role she will continue to report to Clearway Energy, Inc.'s President and Chief Executive Officer, Christopher Sotos, and play an integral part in executing the Company's financial strategies.
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Clearway Energy, Inc. to Report First Quarter 2023 Financial Results on May 4, 2023
PRINCETON, N.J., April 10, 2023 (GLOBE NEWSWIRE) -- Clearway Energy, Inc. (NYSE: CWEN, CWEN.A) plans to report First Quarter 2023 financial results on Thursday, May 4, 2023. Management will present the results during a conference call and webcast at 8:00 a.m. Eastern.
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Hold Your Nose and Buy These 3 Out-of-Favor Dividend Gems
Stanley Black & Decker is going to have a terrible 2023, but then it should get better. Clearway Energy has all the power it needs to deliver high-end dividend growth.
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3 Top Dividend Stocks I Can't Wait to Buy In March
Brookfield Infrastructure Partners trades at a significant discount compared to its corporate twin. Clearway Energy has the funding to grow its dividend at the high end of its range through at least 2026.
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Clearway Energy, Inc. Reports Full Year 2022 Financial Results
PRINCETON, N.J., Feb. 23, 2023 (GLOBE NEWSWIRE) -- Clearway Energy, Inc. (NYSE: CWEN, CWEN.A) today reported full year 2022 financial results, including Net Income of $1,060 million, Adjusted EBITDA of $1,160 million, Cash from Operating Activities of $787 million, and Cash Available for Distribution (CAFD) of $326 million.
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Clearway Energy, Inc. Increases Quarterly Dividend to $0.3745 per Share
PRINCETON, N.J., Feb. 16, 2023 (GLOBE NEWSWIRE) -- Clearway Energy, Inc. (NYSE: CWEN, CWEN.A) today announced that its Board of Directors declared a quarterly dividend on each of the Company's Class A and Class C common stock of $0.3745 per share payable on March 15, 2023, to shareholders of record as of March 1, 2023. This quarterly dividend represents $1.498 per share on an annualized basis, an increase of 2.0% over the fourth quarter 2022 dividend of $0.3672 per share, or $1.469 per share annualized.
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Got $3,000? 3 Top Renewable Energy Stocks to Buy for the Long Term
These companies could generate powerful returns in the coming years.
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3 Dividend Stocks to Buy Hand Over Fist Before 2022 Ends
Each of these gems should increase its payout in 2023.
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3 No-Brainer Energy Dividend Stocks to Buy Right Now
These energy companies look like rock-solid investments for the long term.
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Clearway Energy, Inc. Reports Third Quarter 2022 Financial Results
PRINCETON, N.J., Nov. 02, 2022 (GLOBE NEWSWIRE) -- Clearway Energy, Inc. (NYSE: CWEN, CWEN.A) today reported third quarter 2022 financial results, including Net Income of $62 million, Adjusted EBITDA of $322 million, Cash from Operating Activities of $328 million, and Cash Available for Distribution (CAFD) of $154 million.
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Don't Be Scared by the Bear Market; Buy These 3 Top Stocks for the Long Term
These stocks look like great buys amid the bear market.
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Clearway Energy, Inc. to Report Third Quarter 2022 Financial Results on November 2, 2022
PRINCETON, N.J., Oct. 10, 2022 (GLOBE NEWSWIRE) -- Clearway Energy, Inc. (NYSE: CWEN, CWEN.A) plans to report Third Quarter 2022 financial results on Wednesday, November 2, 2022. Management will present the results during a conference call and webcast at 8:00 a.m. Eastern.
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5 Top Dividend Stocks I Can't Wait to Buy In October
I'm excited to add to my position in these top-tier dividend stocks this month.
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Clearway Energy, Inc. Provides Operational Update on El Segundo Energy Center
PRINCETON, N.J., Sept. 21, 2022 (GLOBE NEWSWIRE) -- Clearway Energy, Inc. (NYSE: CWEN, CWEN.A) (“Company”) today announced that beginning on August 29th, the El Segundo Energy Center began a forced outage at Units 7 and 8 due to damage of a portion of the tube bundles used to condense steam. After initial repairs, both Unit 7 and 8 returned to service on September 14th. In consultation with the Company's Operations and Maintenance service provider, the Company plans to replace the remaining tube bundles at Unit 7 and 8. The Company estimates the cash impact related to the forced outage due to lost revenue, O&M, and capital expenditures to be approximately $10-12 million in 2022.
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Clearway Energy, Inc. Announces Resource Adequacy Agreement for El Segundo Energy Center
PRINCETON, N.J., Aug. 25, 2022 (GLOBE NEWSWIRE) -- Clearway Energy, Inc. (NYSE: CWEN, CWEN.A) (“Company”) today announced that it has contracted for the El Segundo Energy Center to sell Resource Adequacy to Southern California Edison (“SCE”) commencing in August 2023. The agreement is for 100% of the facility's net qualifying capacity and has a contract tenor of three years. With the execution of this contract, the Company has now contracted 100% of the Resource Adequacy for the El Segundo Energy Center, Marsh Landing and Walnut Creek assets through approximately 2026.
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3 High-Yield Energy Stocks to Earn Passive Income for Years
These energy companies offer durable passive income streams.
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Clearway Energy, Inc. Reports Second Quarter 2022 Financial Results
PRINCETON, N.J., Aug. 02, 2022 (GLOBE NEWSWIRE) -- Clearway Energy, Inc. (NYSE: CWEN, CWEN.A) today reported second quarter 2022 financial results, including Net Income of $1,149 million, Adjusted EBITDA of $366 million, Cash from Operating Activities of $186 million, and Cash Available for Distribution (CAFD) of $176 million.
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Clearway Energy, Inc. to Report Second Quarter 2022 Financial Results on August 2, 2022
PRINCETON, N.J., July 11, 2022 (GLOBE NEWSWIRE) -- Clearway Energy, Inc. (NYSE: CWEN, CWEN.A) plans to report Second Quarter 2022 financial results on Tuesday, August 2, 2022. Management will present the results during a conference call and webcast at 8:00 a.m. Eastern.
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Clearway Energy, Inc. Announces CFO Transition
PRINCETON, N.J., June 30, 2022 (GLOBE NEWSWIRE) -- Clearway Energy, Inc. (NYSE: CWEN, CWEN.A) (“Company”) today announced that Chad Plotkin will be stepping down from his position as Executive Vice President and Chief Financial Officer (“CFO”) of the Company. Mr. Plotkin will remain with the Company through the filing of the Company's Quarterly Report on Form 10-Q for the three months ended June 30, 2022.
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Clearway Energy, Inc. Signs Binding Agreement to Acquire a 413 MW Wind Portfolio
PRINCETON, N.J., June 28, 2022 (GLOBE NEWSWIRE) -- Clearway Energy, Inc. (NYSE: CWEN, CWEN.A) (“Company”) today announced that it has entered into a binding agreement to acquire a portfolio of operating wind projects from Capistrano Wind Partners, LLC (“Capistrano Portfolio”) for, subject to closing adjustments, cash consideration of $255 million, plus the assumption of approximately $160 million of non-recourse debt.
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Clearway Enterprise's Sponsor, Global Infrastructure Partners, Announces Strategic Partnership with TotalEnergies
PRINCETON, NJ and SAN FRANCISCO, May 25, 2022 (GLOBE NEWSWIRE) -- Clearway Energy, Inc. (NYSE: CWEN, CWEN.A) (the “Company”) and its renewable development partner and parent company, Clearway Energy Group LLC (“Clearway Group”), today announced that Global Infrastructure Partners (GIP) has formed a strategic partnership with TotalEnergies SE (“TotalEnergies”) in the U.S. renewable energy sector. Through this partnership, TotalEnergies will acquire half of GIP's interest in Clearway Group, a privately held renewable development company that serves as the Company's sponsor with its 42% economic interest in the Company. In consideration, GIP will receive $1.6 billion cash consideration (subject to purchase price adjustments) and an approximately 50% interest in the TotalEnergies subsidiary that holds its 51% ownership in SunPower Corporation (NASDAQ: SPWR).
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Clearway Energy, Inc. Reports First Quarter 2022 Financial Results
PRINCETON, N.J., May 05, 2022 (GLOBE NEWSWIRE) -- Clearway Energy, Inc. (NYSE: CWEN, CWEN.A) today reported first quarter 2022 financial results, including a Net Loss of $(97) million, Adjusted EBITDA of $260 million, Cash from Operating Activities of $93 million, and Cash Available for Distribution (CAFD) of $(2) million.
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Clearway Energy, Inc. Closes Sale of Thermal Business
PRINCETON, N.J., May 02, 2022 (GLOBE NEWSWIRE) -- Clearway Energy, Inc. (NYSE: CWEN, CWEN.A) (the “Company”) today announced that the Company, through its subsidiary Clearway Energy Operating LLC, closed the sale of its Thermal Business to KKR for total consideration of $1.9 billion1.
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Clearway Energy, Inc. to Report First Quarter 2022 Financial Results on May 5, 2022
PRINCETON, N.J., April 11, 2022 (GLOBE NEWSWIRE) -- Clearway Energy, Inc. (NYSE: CWEN, CWEN.A) plans to report First Quarter 2022 financial results on Thursday, May 5, 2022. Management will present the results during a conference call and webcast at 8:00 a.m. Eastern.
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Clearway Energy, Inc. Reports Full Year 2021 Financial Results
PRINCETON, N.J., Feb. 28, 2022 (GLOBE NEWSWIRE) -- Clearway Energy, Inc. (NYSE: CWEN, CWEN.A) today reported full year 2021 financial results, including a Net Loss of $(75) million, Adjusted EBITDA of $1,150 million, Cash from Operating Activities of $701 million, and Cash Available for Distribution (CAFD) of $336 million.
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Clearway Energy, Inc. Increases Quarterly Dividend to $0.3468 per Share
PRINCETON, N.J., Feb. 17, 2022 (GLOBE NEWSWIRE) -- Clearway Energy, Inc. (NYSE: CWEN, CWEN.A) today announced that its Board of Directors declared a quarterly dividend on each of the Company's Class A and Class C common stock of $0.3468 per share payable on March 15, 2022, to shareholders of record as of March 1, 2022. This quarterly dividend represents $1.3872 per share on an annualized basis, an increase of 2.0% over the fourth quarter 2021 dividend of $0.34 per share, or $1.36 per share annualized.
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3 Top Energy Dividend Stocks to Buy in January
These energy stocks pay high-quality dividends.
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The renewable-energy supercycle is about to shift into high gear.
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Clearway Energy, Inc. Reports Third Quarter 2021 Financial Results
PRINCETON, N.J., Nov. 04, 2021 (GLOBE NEWSWIRE) -- Clearway Energy, Inc. (NYSE: CWEN, CWEN.A) today reported third quarter 2021 financial results, including Net Income of $25 million, Adjusted EBITDA of $337 million, Cash from Operating Activities of $288 million, and Cash Available for Distribution (CAFD) of $161 million.
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Clearway Energy, Inc. Announces Sale of its Thermal Business to KKR
PRINCETON, N.J., Oct. 25, 2021 (GLOBE NEWSWIRE) -- Clearway Energy, Inc. (NYSE: CWEN, CWEN.A), through its subsidiary Clearway Energy Operating LLC, (the “Company”), today announced it has entered into a binding agreement to sell its Thermal Business to KKR for total consideration of $1.9 billion, subject to closing adjustments. Based on current estimates, the Company expects total net cash proceeds of approximately $1.3 billion as a result of the transaction1.
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Clearway Energy Operating LLC, a Subsidiary of Clearway Energy, Inc., Announces Expiration and Results of Cash Tender Offer for Its Outstanding 5.000% Senior Notes Due 2026
PRINCETON, N.J., Oct. 01, 2021 (GLOBE NEWSWIRE) -- Clearway Energy Operating LLC (“Clearway Operating”), a subsidiary of Clearway Energy, Inc. (NYSE: CWEN, CWEN.A) (“Clearway Energy”), announced the expiration and results of its previously announced cash tender offer (the “Tender Offer”) to purchase any and all of its outstanding 5.000% senior notes due 2026 (the “2026 Notes”).
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Clearway Energy Operating LLC, a Subsidiary of Clearway Energy, Inc., Announces Pricing of Offering of $350 Million “Green Bond”
PRINCETON, N.J., Sept. 24, 2021 (GLOBE NEWSWIRE) -- Clearway Energy Operating LLC (“Clearway Operating”), a subsidiary of Clearway Energy, Inc. (NYSE: CWEN, CWEN.A) (“Clearway Energy”), has priced its offering of $350 million in aggregate principal amount of 3.750% senior notes due 2032 (the “New Notes”) at a price to the public of 100% of their face value. The New Notes will be senior unsecured obligations of Clearway Operating and will be guaranteed by Clearway Energy LLC, Clearway Operating's parent company, and by each of Clearway Operating's wholly owned current and future subsidiaries that guarantees indebtedness under its credit agreement.
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Clearway Energy Operating LLC, a Subsidiary of Clearway Energy, Inc., Announces Cash Tender Offer and Concurrent Redemption Notice for Any and All of Its Outstanding 5.000% Senior Notes Due 2026
PRINCETON, N.J., Sept. 24, 2021 (GLOBE NEWSWIRE) -- Clearway Energy Operating LLC (“Clearway Operating”), a subsidiary of Clearway Energy, Inc. (NYSE: CWEN, CWEN.A) (“Clearway Energy”), announced that it has commenced a cash tender offer to purchase any and all of the $350 million outstanding aggregate principal amount of its 5.000% senior notes due 2026 (the “2026 Notes”) with the net proceeds from Clearway Operating's concurrent offering of $350 million in aggregate principal amount of senior notes due 2032 (the “New Notes”), which was also announced today by Clearway Operating. The tender offer is being made pursuant to an offer to purchase, related letter of transmittal and notice of guaranteed delivery, each dated as of September 24, 2021. The tender offer will expire at 5:00 p.m., New York City time, on September 30, 2021 (as such time and date may be extended, the “expiration time”). Tendered 2026 Notes may be withdrawn at any time before the expiration time.
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Clearway Energy Operating LLC, a Subsidiary of Clearway Energy, Inc., Announces Proposed Offering of $350 Million “Green Bond”
PRINCETON, N.J., Sept. 24, 2021 (GLOBE NEWSWIRE) -- Clearway Energy Operating LLC (“Clearway Operating”), a subsidiary of Clearway Energy, Inc. (NYSE: CWEN, CWEN.A) (“Clearway Energy”), intends to commence an offering of $350 million in aggregate principal amount of senior notes due 2032 (the “New Notes”). The New Notes will be senior unsecured obligations of Clearway Operating and will be guaranteed by Clearway Energy LLC, Clearway Operating's parent company, and by each of Clearway Operating's wholly owned current and future subsidiaries that guarantees indebtedness under its credit agreement.
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Clearway Energy, Inc. Signs Binding Agreement to Acquire the Remaining 50% Interest in the 530 MW Utah Solar Portfolio
PRINCETON, N.J., Aug. 23, 2021 (GLOBE NEWSWIRE) -- Clearway Energy, Inc. (NYSE: CWEN, CWEN.A) (“Company”) today announced that it has entered into an agreement to acquire the remaining 50% equity interest in the Utah Solar Portfolio that it does not currently own for $335 million1.
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Clearway Energy, Inc. Reports Second Quarter 2021 Financial Results
PRINCETON, N.J., Aug. 03, 2021 (GLOBE NEWSWIRE) -- Clearway Energy, Inc. (NYSE: CWEN, CWEN.A) today reported second quarter 2021 financial results, including Net Income of $32 million, Adjusted EBITDA of $365 million, Cash from Operating Activities of $194 million, and Cash Available for Distribution (CAFD) of $155 million.
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Clearway Energy, Inc. to Report Second Quarter 2021 Financial Results on August 3, 2021
PRINCETON, N.J., July 12, 2021 (GLOBE NEWSWIRE) -- Clearway Energy, Inc. (NYSE: CWEN, CWEN.A) plans to report Second Quarter 2021 financial results on Tuesday, August 3, 2021. Management will present the results during a conference call and webcast at 8:00 a.m. Eastern.
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7 High-Quality Stocks to Buy That Are Trading Below Fair Value
These seven names are great stocks to buy because they are trading at a price well below their fair value despite excellent fundamentals. The post 7 High-Quality Stocks to Buy That Are Trading Below Fair Value appeared first on InvestorPlace.
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Clearway Energy, Inc. Reports First Quarter 2021 Financial Results
PRINCETON, N.J., May 06, 2021 (GLOBE NEWSWIRE) -- Clearway Energy, Inc. (NYSE: CWEN, CWEN.A) today reported first quarter 2021 financial results, including a Net Loss of $76 million, Adjusted EBITDA of $198 million, Cash from Operating Activities of $47 million, and Cash Available for Distribution (CAFD) of $(15) million.
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Clearway Energy, Inc. Completes Acquisition of Mt. Storm Wind Project
PRINCETON, N.J., April 26, 2021 (GLOBE NEWSWIRE) -- Clearway Energy, Inc. (NYSE: CWEN, CWEN.A) today announced it completed the acquisition of Mt. Storm, a 264 MW asset in Grant County, West Virginia, from Castleton Commodities International.
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Clearway Energy, Inc. to Report First Quarter 2021 Financial Results on May 6, 2021
PRINCETON, N.J., April 12, 2021 (GLOBE NEWSWIRE) -- Clearway Energy, Inc. (NYSE: CWEN, CWEN.A) plans to report First Quarter 2021 financial results on Thursday, May 6, 2021. Management will present the results during a conference call and webcast at 8:00 a.m. Eastern.
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Clearway Energy Operating LLC, a Subsidiary of Clearway Energy, Inc., Announces Expiration and Results of Cash Tender Offer for Its Outstanding 5.750% Senior Notes Due 2025
PRINCETON, N.J., March 09, 2021 (GLOBE NEWSWIRE) -- Clearway Energy Operating LLC (“Clearway Operating”), a subsidiary of Clearway Energy, Inc. (NYSE: CWEN, CWEN.A) (“Clearway Energy”), announced the expiration and results of its previously announced cash tender offer (the “Tender Offer”) to purchase any and all of its outstanding 5.750% senior notes due 2025 (the “2025 Notes”).
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Clearway Energy Operating LLC, a Subsidiary of Clearway Energy, Inc., Announces Pricing of Offering of $925 Million “Green Bond”
PRINCETON, NJ, March 02, 2021 (GLOBE NEWSWIRE) -- Clearway Energy Operating LLC (“Clearway Operating”), a subsidiary of Clearway Energy, Inc. (NYSE: CWEN, CWEN.A) (“Clearway Energy”), has priced its offering of $925 million in aggregate principal amount of 3.750% senior notes due 2031 (the “New Notes”) at a price to the public of 100% of their face value. The New Notes will be senior unsecured obligations of Clearway Operating and will be guaranteed by Clearway Energy LLC, Clearway Operating's parent company, and by each of Clearway Operating's wholly owned current and future subsidiaries that guarantees indebtedness under its credit agreement.
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Clearway Energy Operating LLC, a Subsidiary of Clearway Energy, Inc., Announces Cash Tender Offer and Concurrent Redemption Notice for Any and All of Its Outstanding 5.750% Senior Notes Due 2025
PRINCETON, N.J., March 02, 2021 (GLOBE NEWSWIRE) -- Clearway Energy Operating LLC (“Clearway Operating”), a subsidiary of Clearway Energy, Inc. (NYSE: CWEN, CWEN.A) (“Clearway Energy”), announced that it has commenced a cash tender offer to purchase any and all of the $600 million outstanding aggregate principal amount of its 5.750% senior notes due 2025 (the “2025 Notes”) with a portion of the net proceeds from Clearway Operating's concurrent offering of $925 million in aggregate principal amount of senior notes due 2031 (the “New Notes”), which was also announced today by Clearway Operating. The tender offer is being made pursuant to an offer to purchase, related letter of transmittal and notice of guaranteed delivery, each dated as of March 2, 2021. The tender offer will expire at 5:00 p.m., New York City time, on March 8, 2021 (as such time and date may be extended, the “expiration time”). Tendered 2025 Notes may be withdrawn at any time before the expiration time.
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Clearway Energy Operating LLC, a Subsidiary of Clearway Energy, Inc., Announces Proposed Offering of $925 Million “Green Bond”
PRINCETON, N.J., March 02, 2021 (GLOBE NEWSWIRE) -- Clearway Energy Operating LLC (“Clearway Operating”), a subsidiary of Clearway Energy, Inc. (NYSE: CWEN, CWEN.A) (“Clearway Energy”), intends to commence an offering of $925 million in aggregate principal amount of senior notes due 2031 (the “New Notes”). The New Notes will be senior unsecured obligations of Clearway Operating and will be guaranteed by Clearway Energy LLC, Clearway Operating's parent company, and by each of Clearway Operating's wholly owned current and future subsidiaries that guarantees indebtedness under its credit agreement.
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Clearway Energy, Inc. Reports Full Year 2020 Financial Results
PRINCETON, N.J., March 01, 2021 (GLOBE NEWSWIRE) -- Clearway Energy, Inc. (NYSE: CWEN, CWEN.A) today reported fourth quarter 2020 financial results, including Net Loss of $73 million, Adjusted EBITDA of $229 million, Cash from Operating Activities of $104 million, and Cash Available for Distribution (CAFD) of $30 million.
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Clearway Provides Update Regarding Recent Texas Weather Events
PRINCETON, N.J., Feb. 24, 2021 (GLOBE NEWSWIRE) -- Clearway Energy, Inc. (NYSE: CWEN, CWEN.A) (“CWEN”, “Company”) is today announcing an update regarding the impact related to the extreme winter weather experienced recently in Texas. Certain of the Company's wind projects were unable to operate and experienced outages due to the weather conditions. These projects are now operating within expectations. The Company continues to assess the full financial exposure related to the circumstances, including potential mitigants, ongoing discussions with contractual counterparties, any potential disputes which may result and any state sponsored solutions to address the financial impacts caused by the circumstances. Based on available information, the Company currently estimates a direct cash impact between $20 million and $30 million in 2021.
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Like Solar Energy? Then You'll Love These 3 Dividend Stocks
Renewable energy and dividends are a match made in heaven.
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This Is One of My Top Stocks for 2021
Even after total returns of more than 60% last year, this renewable energy stock is set for a great 2021 and beyond.
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Got $10,000? 5 Top Renewable Energy Stocks to Buy for the Long Term
Renewable energy has a very bright future.
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3 Energy Stocks to Buy for 2021
These energy stocks appear to have some of the best prospects for the coming year.
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This Renewable Energy Stock Jumped 60% in 2020, But Has Room to Run
The high-yielding renewable energy producer expects high-end dividend growth in 2021.
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Clearway Energy, Inc. Signs Binding Agreement to Acquire an Additional 35% Interest in the 290 MW Agua Caliente Solar Project
PRINCETON, N.J., Nov. 20, 2020 (GLOBE NEWSWIRE) -- Clearway Energy, Inc. (NYSE: CWEN, CWEN.A) (“Company”) today announced that it has entered into an agreement to acquire a 35% interest in the Agua Caliente solar project. Agua Caliente is a 290 MW utility-scale solar project located in Dateland, Arizona in which Clearway currently owns a 16% equity interest. The project has a 25-year PPA with PG&E, with approximately 19 years remaining under the agreement. The Company will acquire the additional 35% interest in Agua Caliente for $202 million, and this acquisition is expected to provide incremental annual asset CAFD on a five-year average basis of $20 million prior to corporate financing.
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Clearway Energy, Inc. Reports Third Quarter 2020 Financial Results
PRINCETON, N.J., Nov. 05, 2020 (GLOBE NEWSWIRE) -- Clearway Energy, Inc. (NYSE: CWEN, CWEN.A) today reported third quarter 2020 financial results, including Net Income of $42 million, Adjusted EBITDA of $312 million, Cash from Operating Activities of $257 million, and Cash Available for Distribution (CAFD) of $171 million.
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Clearway Energy, Inc. Announces $150,000,000 At-The-Market (ATM) Equity Offering Program
PRINCETON, N.J., Aug. 06, 2020 (GLOBE NEWSWIRE) -- Clearway Energy, Inc. (NYSE: CWEN, CWEN.A) (the “Company” or “Clearway Energy”), today announced a $150,000,000 At-The-Market (“ATM”) equity offering program and announced that it and Clearway Energy LLC entered into an Equity Distribution Agreement (the “Agreement”) with Credit Suisse Securities (USA) LLC, Goldman Sachs & Co. LLC, Morgan Stanley & Co. LLC and UBS Securities LLC (collectively, the “Agents”). Pursuant to the terms of the Agreement, the Company may offer and sell shares of the Company’s Class C common stock, par value $0.01 per share, from time to time through the Agents, as the Company’s sales agents for the offer and sale of the shares, up to an aggregate sales price of $150,000,000. Sales of the shares, if any, will principally be made by means of ordinary brokers’ transactions on the New York Stock Exchange at market prices or as otherwise permitted by law. The shares will be issued pursuant to a prospectus supplement to the Company’s shelf registration statement on Form S-3 (File No. 333-241652) which became effective upon filing with the Securities and Exchange Commission in the United States on August 6, 2020. The Company intends to use the net proceeds from the sale of the shares for general corporate purposes, which may include the repayment or refinancing of indebtedness and the funding of working capital, capital expenditures, acquisitions and investments, and the Company may invest funds not required immediately for such purposes in marketable securities and short-term investments.
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Clearway Energy, Inc. Reports Second Quarter 2020 Financial Results
PRINCETON, N.J., Aug. 06, 2020 (GLOBE NEWSWIRE) -- Clearway Energy, Inc. (NYSE: CWEN, CWEN.A) today reported second quarter 2020 financial results, including Net Income of $76 million, Adjusted EBITDA of $316 million, Cash from Operating Activities of $100 million, and Cash Available for Distribution (CAFD) of $86 million, which includes adjustments to reflect CAFD generated by unconsolidated investments that were unable to distribute project dividends due to the PG&E bankruptcy as of June 30, 2020.
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