Clearway Energy, Inc.
Description
Clearway Energy, Inc. operates in the renewable energy business in the United States. The company operates through Conventional and Renewables segments. It has approximately 6,000 net MW of installed wind, solar, and energy generation projects; and approximately 2,500 net MW of natural gas-fired generation facilities. The company was formerly known as NRG Yield, Inc. and changed its name to Clearway Energy, Inc. in August 2018. Clearway Energy, Inc. was incorporated in 2012 and is based in Princeton, New Jersey. Clearway Energy, Inc. operates as a subsidiary of Clearway Energy Group LLC.
About
CEO
Mr. Craig Cornelius
Employees
61
Instrument type
Common Stock
Sector
Utilities
Industry
Utilities - Renewable
MIC code
XNYS
Address
300 Carnegie Center, Princeton, NJ 08540, United States
×
Oscillators
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Summary
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Moving Averages
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Earnings
| Date | Estimate EPS | Actual EPS | Difference | % Surprise |
|---|---|---|---|---|
| Oct 28, 2025 | — | — | — | — |
| Jul 30, 2025 | — | — | — | — |
| May 7, 2025 | — | — | — | — |
| Feb 20, 2025 | — | — | — | — |
Earnings estimate
|
Next Quarter
(Mar 2025)
|
Next Year
(Dec 2025)
|
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|---|---|---|---|---|
| Number of analysts | — | 0 | — | 0 |
| Average estimate | — | 0.00 | — | 0.00 |
| Low estimate | — | 0.00 | — | 0.00 |
| High estimate | — | 0.00 | — | 0.00 |
| Last year EPS | — | — | — | — |
[stock_revenue_estimate]
Growth estimates
Current qtr
—
Next qtr. (Mar 2025)
—
Current year
—
Next year (Dec 2025)
—
Next 5 years (per annum)
—
Past 5 years (per annum)
—
Analyst Ratings
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| Oct 22, 2024 |
CIBC
|
Maintains | Outperformer | ▲ Raises $33 → $34 |
| Oct 1, 2024 |
Exane BNP Paribas
|
Initiates | Outperform | Announces $36 |
| Sep 20, 2024 |
Jefferies
Julien Dumoulin-Smith
|
Initiates | Buy | Announces $35 |
| Aug 2, 2024 |
Roth MKM
Justin Clare
|
Reiterates | Buy | ▲ Raises $30 → $32 |
| Jul 31, 2024 |
Morgan Stanley
Robert Kad
|
Upgrade | Overweight | ▲ Raises $25 → $36 |
| May 14, 2024 |
Evercore ISI Group
Michael Lonegan
|
Maintains | Outperform | ▲ Raises $25 → $30 |
| May 13, 2024 |
Roth MKM
Justin Clare
|
Maintains | Buy | ▲ Raises $29 → $30 |
| Mar 1, 2024 |
Morgan Stanley
Stephen Byrd
|
Maintains | Equal-Weight | ▲ Raises $23 → $25 |
| Feb 27, 2024 |
RBC Capital
Shelby Tucker
|
Maintains | Sector Perform | ▼ Lowers $26 → $25 |
| Jan 19, 2024 |
Oppenheimer
Noah Kaye
|
Maintains | Outperform | ▲ Raises $33 → $37 |
| Oct 17, 2023 |
Roth MKM
Justin Clare
|
Maintains | Buy | ▼ Lowers $34 → $29 |
| Oct 12, 2023 |
Oppenheimer
Noah Kaye
|
Maintains | Outperform | ▼ Lowers $38 → $34 |
| Oct 6, 2023 |
B of A Securities
Julien Dumoulin-Smith
|
Upgrade | Buy | — |
| Oct 3, 2023 |
Morgan Stanley
Stephen Byrd
|
Maintains | Equal-Weight | ▼ Lowers $27 → $23 |
| Sep 20, 2023 |
Morgan Stanley
Stephen Byrd
|
Maintains | Equal-Weight | ▼ Lowers $34 → $27 |
| Aug 9, 2023 |
Oppenheimer
|
Maintains | Outperform | — |
| Jul 17, 2023 |
Oppenheimer
|
Reiterates | Outperform | — |
| Jun 23, 2023 |
Morgan Stanley
Stephen Byrd
|
Maintains | Equal-Weight | ▼ Lowers $35 → $34 |
| Feb 24, 2023 |
Oppenheimer
Noah Kaye
|
Maintains | Outperform | ▼ Lowers $41 → $40 |
| Sep 19, 2022 |
B of A Securities
Julien Dumoulin-Smith
|
Downgrade | Neutral | ▼ Lowers $43 → $40 |
| Jul 21, 2022 |
Morgan Stanley
Stephen Byrd
|
Maintains | Equal-Weight | ▼ Lowers $37 → $35 |
| Jun 10, 2022 |
CIBC
|
Initiates | Neutral | — |
| Jan 19, 2022 |
Goldman Sachs
|
Maintains | Neutral | — |
| Dec 15, 2021 |
Morgan Stanley
|
Maintains | Equal-Weight | ▲ Raises $33 → $37 |
| Nov 5, 2021 |
Oppenheimer
|
Upgrade | Outperform | — |
| Oct 5, 2021 |
Evercore ISI Group
|
Upgrade | Outperform | ▲ Raises $25 → $36 |
| Aug 26, 2021 |
UBS
|
Initiates | Buy | — |
| Aug 19, 2021 |
Morgan Stanley
Stephen Byrd
|
Maintains | Equal-Weight | ▲ Raises $32 → $33 |
| Jul 20, 2021 |
Morgan Stanley
Stephen Byrd
|
Maintains | Equal-Weight | ▲ Raises $31 → $32 |
| May 4, 2021 |
Morgan Stanley
|
Maintains | Equal-Weight | ▲ Raises $30 → $31 |
Income statement
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total reported revenue | 1.31B | 1.19B | 1.29B | 1.20B | 1.03B |
| Cost of revenue | 473.00M | 435.00M | 451.00M | 366.00M | 337.00M |
| Gross profit | 841.00M | 755.00M | 835.00M | 833.00M | 695.00M |
| Operating expense | |||||
| Research & development | — | 2.00M | 6.00M | 5.00M | 5.00M |
| Selling general and admin | 36.00M | 40.00M | 40.00M | 34.00M | 29.00M |
| Other operating expenses | — | — | — | — | — |
| Operating income | 279.00M | 201.00M | 280.00M | 366.00M | 260.00M |
| Non operating interest income | |||||
| Income | — | — | — | — | — |
| Expense | 337.00M | 232.00M | 312.00M | 415.00M | 404.00M |
| Other income expense | 42.00M | 1.31B | -31.00M | -5.00M | 40.00M |
| Pretax income | -16.00M | 1.28B | -63.00M | -54.00M | -104.00M |
| Tax provision | -2.00M | 222.00M | 12.00M | 8.00M | -8.00M |
| Net income | -14.00M | 1.06B | -75.00M | -62.00M | -96.00M |
| Basic EPS | 0.67 | 4.99 | 0.44 | 0.22 | -0.10 |
| Diluted EPS | 0.67 | 4.99 | 0.44 | 0.22 | -0.10 |
| Basic average shares | 117.00M | 117.00M | 117.00M | 115.00M | 109.00M |
| Diluted average shares | 117.00M | 117.00M | 117.00M | 115.00M | 109.00M |
| EBITDA | 1.05B | 931.00M | 970.00M | 895.00M | 824.00M |
| Net income from continuing op. | -14.00M | 1.06B | -75.00M | -62.00M | -96.00M |
| Minority interests | 93.00M | -478.00M | 126.00M | 87.00M | 85.00M |
| Preferred stock dividends | — | — | — | — | — |
Balance sheet
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total assets | 14.70B | 12.31B | 12.81B | 10.59B | 9.70B |
| Current assets | |||||
| Cash | — | — | — | — | — |
| Cash equivalents | — | — | — | — | — |
| Cash and cash equivalents | 535.00M | 657.00M | 179.00M | 268.00M | 155.00M |
| Other short term investments | — | — | — | — | — |
| Accounts receivable | 171.00M | 153.00M | 144.00M | 143.00M | 116.00M |
| Other receivables | — | — | — | — | — |
| Inventory | 55.00M | 47.00M | 37.00M | 42.00M | 40.00M |
| Prepaid assets | — | 54.00M | 65.00M | 58.00M | 33.00M |
| Restricted cash | 516.00M | 339.00M | 475.00M | 197.00M | 262.00M |
| Assets held for sale | — | — | 631.00M | — | — |
| Hedging assets | 41.00M | 26.00M | — | — | — |
| Other current assets | 68.00M | 54.00M | — | — | — |
| Non current assets | |||||
| Properties | 12.39B | 10.81B | 10.62B | 9.82B | 8.07B |
| Land and improvements | — | — | — | — | — |
| Machinery furniture equipment | — | — | — | — | — |
| Construction in progress | 1.22B | 160.00M | 84.00M | 62.00M | 94.00M |
| Leases | — | — | — | — | — |
| Accumulated depreciation | -3.49B | -3.02B | -2.50B | -2.32B | -1.88B |
| Goodwill | 2.37B | 2.57B | 2.50B | 1.37B | 1.43B |
| Investment properties | — | — | — | — | — |
| Financial assets | 82.00M | 63.00M | 6.00M | 1.00M | — |
| Intangible assets | 2.37B | 2.57B | 2.50B | 1.37B | 1.43B |
| Investments and advances | 360.00M | 364.00M | 381.00M | 741.00M | 1.18B |
| Other non current assets | 202.00M | 96.00M | 196.00M | 218.00M | 195.00M |
| Total liabilities | 9.71B | 8.28B | 9.51B | 7.88B | 7.44B |
| Current liabilities | |||||
| Accounts payable | 161.00M | 77.00M | 181.00M | 89.00M | 105.00M |
| Accrued expenses | 136.00M | 168.00M | 138.00M | 123.00M | 112.00M |
| Short term debt | 558.00M | 322.00M | 772.00M | 384.00M | 1.82B |
| Deferred revenue | — | — | — | — | — |
| Tax payable | — | — | — | — | — |
| Pensions | — | — | — | — | — |
| Other current liabilities | 51.00M | 50.00M | 540.00M | 38.00M | 16.00M |
| Non current liabilities | |||||
| Long term debt | 8.11B | 7.04B | 7.50B | 6.93B | 5.18B |
| Provision for risks and charges | — | — | — | — | — |
| Deferred liabilities | 127.00M | 119.00M | 13.00M | — | — |
| Derivative product liabilities | 281.00M | 303.00M | 196.00M | 135.00M | 76.00M |
| Other non current liabilities | 287.00M | 202.00M | 173.00M | 178.00M | 122.00M |
| Shareholders equity | |||||
| Common stock | — | — | 1.00M | 1.00M | 1.00M |
| Retained earnings | 361.00M | 463.00M | -33.00M | -84.00M | -72.00M |
| Other shareholders equity | 7.00M | 9.00M | -6.00M | -14.00M | -15.00M |
| Total shareholders equity | 4.99B | 4.03B | 3.30B | 2.72B | 2.26B |
| Additional paid in capital | 1.73B | 1.76B | 1.87B | 1.92B | 1.94B |
| Treasury stock | — | — | — | — | — |
| Minority interest | 2.89B | 1.80B | 1.47B | 890.00M | 413.00M |
Cash flow statement
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Net Income | -14.00M | 1.06B | -75.00M | -62.00M | -96.00M | 54.00M | -24.00M | 2.00M | 72.00M | 108.00M | 123.00M | 12.00M | 15.00M | 7.00M |
| Depreciation | 711.00M | 684.00M | 655.00M | 518.00M | 472.00M | 405.00M | 404.00M | 379.00M | 358.00M | 263.00M | 75.00M | 25.00M | 23.00M | 16.00M |
| Deferred Taxes | 13.00M | 194.00M | 12.00M | 8.00M | -8.00M | 62.00M | 72.00M | -1.00M | 12.00M | 4.00M | 8.00M | 10.00M | 9.00M | 4.00M |
| Stock-Based Compensation | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Non-Cash Items | 13.00M | 14.00M | 14.00M | 15.00M | 17.00M | 24.00M | 25.00M | 20.00M | 16.00M | 11.00M | 4.00M | — | — | -1.00M |
| Accounts Receivable | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Accounts Payable | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Assets & Liabilities | -70.00M | 18.00M | -9.00M | -46.00M | -9.00M | -34.00M | -9.00M | 3.00M | -31.00M | -17.00M | -84.00M | 7.00M | -9.00M | 11.00M |
| Operating Cash Flow | 653.00M | 1.97B | 597.00M | 433.00M | 376.00M | 511.00M | 468.00M | 403.00M | 427.00M | 369.00M | 126.00M | 54.00M | 38.00M | 37.00M |
| Investing Activities | ||||||||||||||
| Capital Expenditures | -82.00M | — | -21.00M | — | — | — | — | — | — | — | — | — | — | — |
| Net Intangibles | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Net Acquisitions | -14.00M | 1.25B | -486.00M | -37.00M | -266.00M | -126.00M | -276.00M | -132.00M | -1.10B | -1.21B | -154.00M | -27.00M | -88.00M | -139.00M |
| Purchase of Investments | — | — | — | — | — | — | — | — | — | -357.00M | -34.00M | — | — | — |
| Sale of Investments | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Investing Cash Flow | -311.00M | 1.18B | -714.00M | 62.00M | -240.00M | -102.00M | -252.00M | -111.00M | -1.07B | -1.04B | -196.00M | -30.00M | -87.00M | -135.00M |
| Financing Activities | ||||||||||||||
| Long-Term Debt Issuance | 563.00M | 244.00M | 1.73B | 1.08B | 1.37B | 862.00M | 265.00M | 800.00M | 844.00M | 1.02B | 594.00M | 308.00M | 61.00M | 172.00M |
| Long-Term Debt Payments | -1.35B | -1.52B | -2.67B | -1.79B | -1.64B | -900.00M | -332.00M | -635.00M | -980.00M | -626.00M | -74.00M | -43.00M | -78.00M | -68.00M |
| Other Financing Charges | 973.00M | 42.00M | 954.00M | 157.00M | 149.00M | 77.00M | -22.00M | -194.00M | 30.00M | -179.00M | -541.00M | 343.00M | 215.00M | 78.00M |
| Financing Cash Flow | -124.00M | -1.84B | -10.00M | -700.00M | -327.00M | -136.00M | -257.00M | -568.00M | 109.00M | 747.00M | 432.00M | 536.00M | 180.00M | 136.00M |
| Other Cash Details | ||||||||||||||
| End Cash Position | 1.05B | 996.00M | 654.00M | 465.00M | 417.00M | 583.00M | 316.00M | 498.00M | 254.00M | 429.00M | 59.00M | 22.00M | 24.00M | 30.00M |
| Income Tax Paid | 31.00M | 9.00M | — | — | — | — | — | — | — | — | — | — | — | — |
| Interest Paid | 304.00M | 317.00M | 337.00M | 325.00M | 313.00M | 292.00M | 297.00M | 271.00M | 279.00M | 192.00M | 63.00M | 17.00M | -17.00M | -12.00M |
| Free Cash Flow | 408.00M | 675.00M | 529.00M | 421.00M | 249.00M | 415.00M | 327.00M | 557.00M | 396.00M | 302.00M | -233.00M | -508.00M | -99.00M | 11.00M |
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