Clearway Energy (NYSE:CWEN) Posts Quarterly Earnings Results

Clearway Energy (NYSE:CWEN) posted its quarterly earnings results on Thursday. The company reported ($1.35) EPS for the quarter, missing the consensus estimate of ($0.45) by ($0.90), Zacks reports. Clearway Energy had a return on equity of 3.01% and a net margin of 11.83%.The business had revenue of $354.00 million for the quarter, compared to analysts’ expectations of $340.75 million.

Here are the key takeaways from Clearway Energy’s conference call:

• Clearway reaffirmed 2026 CAFD guidance, reiterated a 2027 CAFD per share target of $2.70+ and said it now expects to deploy ~20% more corporate capital through 2026–2029 (raising the 2026–2029 plan to $3 billion), and is targeting the top end or better of its 2030 CAFD per share range of $2.90–$3.10.
• Significant progress on co‑located digital infrastructure: equipment purchases, a design/delivery partnership with Quanta & Blattner, PPAs and interconnection activity — Clearway says first load could be served as soon as 2028 and a single complex could represent a >$1 billion capital opportunity, providing upside to targets.
• Fleet optimization is advancing: new Texas wind PPAs (with more expected), a repowering program (~$600M corporate capital at 11–12% CAFD yields), and the Cardinal acquisition closed with an expected CAFD yield in excess of 12%, all boosting cash‑flow visibility.
• Q1 results: adjusted EBITDA of $257M and CAFD of $70M with solar/battery and flexible generation in line, but wind was below budget due to weather and a Vestas turbine enhancement program at Alta; management nonetheless reaffirmed full‑year 2026 CAFD guidance of $470M–$510M.
• Capital allocation and funding moves: shareholders approved share‑class simplification to a single public security to increase float/liquidity, and the funding plan prioritizes retained CAFD, corporate debt (target leverage ~4–4.5x with ~45% debt on incremental funding) and accretive equity issuance while lowering payout ratio toward the 70s.

Clearway Energy Stock Performance

NYSE:CWEN opened at $38.16 on Friday. The stock has a market cap of $7.83 billion, a P/E ratio of 26.87, a price-to-earnings-growth ratio of 14.61 and a beta of 0.87. The firm’s fifty day simple moving average is $39.08 and its 200 day simple moving average is $36.43. Clearway Energy has a twelve month low of $27.67 and a twelve month high of $41.60. The company has a quick ratio of 1.06, a current ratio of 1.13 and a debt-to-equity ratio of 1.36.

Clearway Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be issued a $0.4676 dividend. This represents a $1.87 annualized dividend and a yield of 4.9%. This is an increase from Clearway Energy’s previous quarterly dividend of $0.46. The ex-dividend date is Monday, June 1st. Clearway Energy’s dividend payout ratio (DPR) is presently 129.58%.

Analyst Upgrades and Downgrades

CWEN has been the topic of several recent analyst reports. Royal Bank Of Canada raised their target price on shares of Clearway Energy from $38.00 to $42.00 and gave the stock an “outperform” rating in a report on Tuesday, February 24th. Morgan Stanley restated an “overweight” rating on shares of Clearway Energy in a report on Tuesday, April 14th. Zacks Research cut shares of Clearway Energy from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 3rd. Deutsche Bank Aktiengesellschaft set a $41.00 target price on shares of Clearway Energy in a report on Thursday, April 9th. Finally, UBS Group set a $45.00 target price on shares of Clearway Energy in a report on Tuesday, February 24th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $40.57.

Institutional Trading of Clearway Energy

Several large investors have recently added to or reduced their stakes in CWEN. Caitong International Asset Management Co. Ltd boosted its holdings in Clearway Energy by 280.9% in the third quarter. Caitong International Asset Management Co. Ltd now owns 956 shares of the company’s stock valued at $27,000 after acquiring an additional 705 shares in the last quarter. National Bank of Canada FI boosted its holdings in Clearway Energy by 201.9% in the third quarter. National Bank of Canada FI now owns 975 shares of the company’s stock valued at $28,000 after acquiring an additional 652 shares in the last quarter. Headlands Technologies LLC bought a new stake in Clearway Energy in the second quarter valued at $43,000. Johnson Financial Group Inc. bought a new stake in Clearway Energy in the third quarter valued at $52,000. Finally, Scarborough Advisors LLC boosted its holdings in Clearway Energy by 84.6% in the fourth quarter. Scarborough Advisors LLC now owns 1,661 shares of the company’s stock valued at $55,000 after acquiring an additional 761 shares in the last quarter. Institutional investors own 84.53% of the company’s stock.

About Clearway Energy

Clearway Energy Group (NYSE: CWEN) is a U.S.-based energy company specializing in the ownership, operation and development of clean and conventional power generation assets. The company’s portfolio spans utility-scale wind and solar farms, biogas and natural gas-fired thermal facilities, as well as distributed generation projects such as rooftop solar and energy storage. Clearway’s generation assets are largely underpinned by long-term power purchase agreements and service contracts with creditworthy counterparties, enabling stable, predictable cash flows.

Originally launched in 2013 as NRG Yield and rebranded to Clearway Energy in 2018 following a strategic sponsorship change, the business has grown into one of the largest independent renewable energy platforms in the United States.