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
Phone
609 608 1525
Website
Chart Image
× Enlarged Chart
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)
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

20232022202120202019201820172016201520142013201220112010
Operating Activities
Net Income-14.00M1.06B-75.00M-62.00M-96.00M54.00M-24.00M2.00M72.00M108.00M123.00M12.00M15.00M7.00M
Depreciation711.00M684.00M655.00M518.00M472.00M405.00M404.00M379.00M358.00M263.00M75.00M25.00M23.00M16.00M
Deferred Taxes13.00M194.00M12.00M8.00M-8.00M62.00M72.00M-1.00M12.00M4.00M8.00M10.00M9.00M4.00M
Stock-Based Compensation
Other Non-Cash Items13.00M14.00M14.00M15.00M17.00M24.00M25.00M20.00M16.00M11.00M4.00M-1.00M
Accounts Receivable
Accounts Payable
Other Assets & Liabilities-70.00M18.00M-9.00M-46.00M-9.00M-34.00M-9.00M3.00M-31.00M-17.00M-84.00M7.00M-9.00M11.00M
Operating Cash Flow653.00M1.97B597.00M433.00M376.00M511.00M468.00M403.00M427.00M369.00M126.00M54.00M38.00M37.00M
Investing Activities
Capital Expenditures-82.00M-21.00M
Net Intangibles
Net Acquisitions-14.00M1.25B-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-311.00M1.18B-714.00M62.00M-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 Issuance563.00M244.00M1.73B1.08B1.37B862.00M265.00M800.00M844.00M1.02B594.00M308.00M61.00M172.00M
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 Charges973.00M42.00M954.00M157.00M149.00M77.00M-22.00M-194.00M30.00M-179.00M-541.00M343.00M215.00M78.00M
Financing Cash Flow-124.00M-1.84B-10.00M-700.00M-327.00M-136.00M-257.00M-568.00M109.00M747.00M432.00M536.00M180.00M136.00M
Other Cash Details
End Cash Position1.05B996.00M654.00M465.00M417.00M583.00M316.00M498.00M254.00M429.00M59.00M22.00M24.00M30.00M
Income Tax Paid31.00M9.00M
Interest Paid304.00M317.00M337.00M325.00M313.00M292.00M297.00M271.00M279.00M192.00M63.00M17.00M-17.00M-12.00M
Free Cash Flow408.00M675.00M529.00M421.00M249.00M415.00M327.00M557.00M396.00M302.00M-233.00M-508.00M-99.00M11.00M
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