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A big infrastructure spending bill might finally be in the cards
CNN.com · 2d ago
10 Best Solar Energy Stocks to Buy Now
Insider Monkey · 5d ago
Morgan Stanley Maintains Equal-Weight on Clearway Energy, Raises Price Target to $35
Morgan Stanley maintains Clearway Energy (NYSE:CWEN) with a Equal-Weight and raises the price target from $27 to $35.
Benzinga · 01/12 14:16
JPMorgan, Playa Hotels & Resorts, SolarEdge, Canadian Solar and Clearway Energy highlighted as Zacks Bull and Bear of the Day
Zacks · 12/30/2020 15:25
3 Clean Energy Bigwigs That Might Lose Steam in 2021
Zacks · 12/29/2020 14:52
Clearway (CWEN) to Expand Renewable Base Via Investments
Clearway Energy (CWEN) continues to work on the long-term objective of expanding renewable operations through acquisitions, agreements and strategic partnerships.
Zacks · 12/23/2020 14:24
Clearway, Hannon Armstrong to invest in 1.6 GW renewable energy portfolio
Clearway Energy (CWEN) +1.4% post-market after announcing investments in the development of a ~1.6 GW portfolio of renewable energy projects, including 1,012 MW from five geographically diversified wind, solar and
Seekingalpha · 12/22/2020 21:51
Hannon Armstrong, Clearway Report Deals For 1.6GW Portfolio Of Renewable Energy Assets
Clearway Energy, Inc. (NYSE:CWEN, CWEN.A)) (“CWEN”, “Company”) and its renewable development partner and parent company, Clearway Energy Group LLC (“CEG”), today announced agreements
Benzinga · 12/22/2020 21:25
Clearway Enterprise Announces Agreements for 1.6 GW Portfolio of Renewable Energy Assets
GlobeNewswire · 12/22/2020 21:25
Is CWEN A Good Stock To Buy Now?
After several tireless days we have finished crunching the numbers from nearly 817 13F filings issued by the elite hedge funds and other investment firms that we track at Insider Monkey, which disclosed those firms’ equity portfolios as of September 30th. ...
Insider Monkey · 12/18/2020 05:10
Is Clearway Energy, Inc. (NYSE:CWEN.A) Trading At A 46% Discount?
In this article we are going to estimate the intrinsic value of Clearway Energy, Inc. ( NYSE:CWEN.A ) by projecting its...
Simply Wall St. · 12/08/2020 06:06
Why Is Clearway Energy (CWEN) Up 0.1% Since Last Earnings Report?
Clearway Energy (CWEN) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Zacks · 12/05/2020 16:32
Clearway Energy (CWEN) to Buy 35% Stake in Agua Caliente Solar
Clearway Energy (CWEN) is set to raise its stake to 51% in the 290-MW Agua Caliente solar project by acquiring an additional 35% interest in the same for $202 million.
Zacks · 11/24/2020 10:45
Clearway Energy acquires additional stake in Agua Caliente Solar Project
Clearway Energy (CWEN) acquires an additional 35% stake in the Agua Caliente solar project, a 290 MW utility-scale solar project located in Dateland  in which Clearway currently owns a 16% equity interest. The project has
Seekingalpha · 11/20/2020 11:58
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. "The additional interest in Agua Caliente is a great addition to the Company’s portfolio,” said Christopher Sotos, Clearway Energy, Inc.’s President and Chief Executive Officer. “With this investment, Clearway adds additional technology and cash flow diversification with an increase in solar ownership, improved portfolio overall weighted average contract duration, and growth at attractive economics.”Subject to customary closing conditions, the Company expects to close the transaction in the first quarter of 2021. The Company expects to fund the acquisition with existing liquidity and, subject to market conditions, new corporate financings. Following the close of the transaction Clearway will own a 51% equity interest in Agua Caliente. As a result, the Company will consolidate the project in its financial statements, which includes the project’s $735 million of non-recourse project debt1. The project’s non-recourse debt is fully amortizing and matures in 2037.About Clearway Energy, Inc.Clearway Energy, Inc. is a leading publicly-traded energy infrastructure investor focused on modern, sustainable and long-term contracted assets across North America. Clearway Energy’s environmentally-sound asset portfolio includes over 7,000 megawatts of wind, solar and natural gas-fired power generation facilities, as well as district energy systems. Through this diversified and contracted portfolio, Clearway Energy endeavors to provide its investors with stable and growing dividend income. Clearway Energy’s Class C and Class A common stock are traded on the New York Stock Exchange under the symbols CWEN and CWEN.A, respectively. Clearway Energy, Inc. is sponsored by its controlling investor Global Infrastructure Partners III (GIP), an independent infrastructure fund manager that invests in infrastructure and businesses in both OECD and select emerging market countries, through GIP’s portfolio company, Clearway Energy Group.________________________________ 1 As of September 30, 2020Safe Harbor DisclosureThis news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements are subject to certain risks, uncertainties and assumptions, and typically can be identified by the use of words such as “expect,” “estimate,” “anticipate,” “forecast,” “plan,” “outlook,” “believe” and similar terms.  Such forward-looking statements include, but are not limited to, statements regarding impacts related to COVID-19 or any other pandemic, the benefits of the relationship with Global Infrastructure Partners III (GIP) and GIP’s expertise, the Company’s future relationship and arrangements with GIP and Clearway Energy Group, as well as the Company's Net Income, Adjusted EBITDA, Cash from Operating Activities, Cash Available for Distribution, the Company’s future revenues, income, indebtedness, capital structure, strategy, plans, expectations, objectives, projected financial performance and/or business results and other future events, and views of economic and market conditions.Although Clearway Energy, Inc. believes that the expectations are reasonable, it can give no assurance that these expectations will prove to be correct, and actual results may vary materially. Factors that could cause actual results to differ materially from those contemplated above include, among others, impacts related to COVID-19 or any other pandemic, general economic conditions, hazards customary in the power industry, weather conditions, including wind and solar performance, competition in wholesale power markets, the volatility of energy and fuel prices, failure of customers to perform under contracts, changes in the wholesale power markets, changes in government regulations, the condition of capital markets generally, the Company's ability to access capital markets, cyber terrorism and inadequate cybersecurity, the ability to engage in successful acquisitions activity, unanticipated outages at its generation facilities, adverse results in current and future litigation, failure to identify, execute or successfully implement acquisitions (including receipt of third party consents and regulatory approvals), the Company's ability to enter into new contracts as existing contracts expire, risk relating to the Company's relationships with GIP and Clearway Energy Group, the Company's ability to acquire assets from GIP, Clearway Energy Group or third parties, the Company's ability to close drop down transactions, and the Company's ability to maintain and grow its quarterly dividends. Furthermore, any dividends are subject to available capital, market conditions, and compliance with associated laws and regulations.Clearway Energy, Inc. undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. The Adjusted EBITDA and Cash Available for Distribution are estimates as of today’s date and are based on assumptions believed to be reasonable as of this date. Clearway Energy, Inc. expressly disclaims any current intention to update such guidance. The foregoing review of factors that could cause Clearway Energy, Inc.’s actual results to differ materially from those contemplated in the forward-looking statements included in this news release should be considered in connection with information regarding risks and uncertainties that may affect Clearway Energy, Inc.’s future results included in Clearway Energy, Inc.’s filings with the Securities and Exchange Commission at www.sec.gov. In addition, Clearway Energy, Inc. makes available free of charge at www.clearwayenergy.com, copies of materials it files with, or furnishes to, the Securities Exchange Commission.Contacts:Investors:Media: Akil MarshZadie Oleksiw investor.relations@clearwayenergy.com media@clearwayenergy.com 609-608-1500202-836-5754 Appendix Table A-1: Adjusted EBITDA and Cash Available for Distribution ReconciliationThe following table summarizes the calculation of Estimated Cash Available for Distribution and provides a reconciliation to Net Income/(Loss):($ in millions)  5-Year Average Net Income $33  Interest Expense, net 19  Depreciation, Amortization, and ARO Expense 54  Adjustment to reflect CWEN share of Adjusted EBITDA in unconsolidated affiliates (12) Adjusted EBITDA 94  Cash interest paid (18) Pro-rata Adjusted EBITDA from unconsolidated affiliates 18  Cash distributions from unconsolidated affiliates (9) Cash from Operating Activities 85  Net distributions to non-controlling interest (28)     Principal amortization of indebtedness (37) Estimated Cash Available for Distribution $20  Non-GAAP Financial InformationEBITDA and Adjusted EBITDAEBITDA, Adjusted EBITDA, and Cash Available for Distribution (CAFD) are non-GAAP financial measures. These measurements are not recognized in accordance with GAAP and should not be viewed as an alternative to GAAP measures of performance. The presentation of non-GAAP financial measures should not be construed as an inference that Clearway Energy’s future results will be unaffected by unusual or non-recurring items.EBITDA represents net income before interest (including loss on debt extinguishment), taxes, depreciation and amortization. EBITDA is presented because Clearway Energy considers it an important supplemental measure of its performance and believes debt and equity holders frequently use EBITDA to analyze operating performance and debt service capacity. EBITDA has limitations as an analytical tool, and you should not consider it in isolation, or as a substitute for analysis of our operating results as reported under GAAP. Some of these limitations are: * EBITDA does not reflect cash expenditures, or future requirements for capital expenditures, or contractual commitments; * EBITDA does not reflect changes in, or cash requirements for, working capital needs; * EBITDA does not reflect the significant interest expense, or the cash requirements necessary to service interest or principal payments, on debt or cash income tax payments; * Although depreciation and amortization are non-cash charges, the assets being depreciated and amortized will often have to be replaced in the future, and EBITDA does not reflect any cash requirements for such replacements; and * Other companies in this industry may calculate EBITDA differently than Clearway Energy does, limiting its usefulness as a comparative measure. Because of these limitations, EBITDA should not be considered as a measure of discretionary cash available to use to invest in the growth of Clearway Energy’s business. Clearway Energy compensates for these limitations by relying primarily on our GAAP results and using EBITDA and Adjusted EBITDA only supplementally. See the statements of cash flow included in the financial statements that are a part of this news release.Adjusted EBITDA is presented as a further supplemental measure of operating performance. Adjusted EBITDA represents EBITDA adjusted for mark-to-market gains or losses, non-cash equity compensation expense, asset write offs and impairments; and factors which we do not consider indicative of future operating performance such as transition and integration related costs. The reader is encouraged to evaluate each adjustment and the reasons Clearway Energy considers it appropriate for supplemental analysis. As an analytical tool, Adjusted EBITDA is subject to all of the limitations applicable to EBITDA. In addition, in evaluating Adjusted EBITDA, the reader should be aware that in the future Clearway Energy may incur expenses similar to the adjustments in this news release.Management believes Adjusted EBITDA is useful to investors and other users of our financial statements in evaluating our operating performance because it provides them with an additional tool to compare business performance across companies and across periods. This measure is widely used by investors to measure a company’s operating performance without regard to items such as interest expense, taxes, depreciation and amortization, which can vary substantially from company to company depending upon accounting methods and book value of assets, capital structure and the method by which assets were acquired.Additionally, Management believes that investors commonly adjust EBITDA information to eliminate the effect of restructuring and other expenses, which vary widely from company to company and impair comparability. As we define it, Adjusted EBITDA represents EBITDA adjusted for the effects of impairment losses, gains or losses on sales, non-cash equity compensation expense, dispositions or retirements of assets, any mark-to-market gains or losses from accounting for derivatives, adjustments to exclude gains or losses on the repurchase, modification or extinguishment of debt, and any extraordinary, unusual or non-recurring items plus adjustments to reflect the Adjusted EBITDA from our unconsolidated investments. We adjust for these items in our Adjusted EBITDA as our management believes that these items would distort their ability to efficiently view and assess our core operating trends.In summary, our management uses Adjusted EBITDA as a measure of operating performance to assist in comparing performance from period to period on a consistent basis and to readily view operating trends, as a measure for planning and forecasting overall expectations and for evaluating actual results against such expectations, and in communications with our Board of Directors, shareholders, creditors, analysts and investors concerning our financial performance.Cash Available for DistributionA non-GAAP measure, Cash Available for Distribution is defined as of September 30, 2020 as Adjusted EBITDA plus cash distributions/return of investment from unconsolidated affiliates, adjustments to reflect CAFD generated by unconsolidated investments that were not able to distribute project dividends prior to PG&E's emergence from bankruptcy on July 1, 2020 and subsequent release post-bankruptcy, cash receipts from notes receivable, cash distributions from noncontrolling interests, adjustments to reflect sales-type lease cash payments, less cash distributions to noncontrolling interests, maintenance capital expenditures, pro-rata Adjusted EBITDA from unconsolidated affiliates, cash interest paid, income taxes paid, principal amortization of indebtedness, Walnut Creek investment payments, changes in prepaid and accrued capacity payments, and adjusted for development expenses. Management believes CAFD is a relevant supplemental measure of the Company’s ability to earn and distribute cash returns to investors.We believe CAFD is useful to investors in evaluating our operating performance because securities analysts and other interested parties use such calculations as a measure of our ability to make quarterly distributions. In addition, CAFD is used by our management team for determining future acquisitions and managing our growth. The GAAP measure most directly comparable to CAFD is cash provided by operating activities.However, CAFD has limitations as an analytical tool because it does not include changes in operating assets and liabilities and excludes the effect of certain other cash flow items, all of which could have a material effect on our financial condition and results from operations. CAFD is a non-GAAP measure and should not be considered an alternative to cash provided by operating activities or any other performance or liquidity measure determined in accordance with GAAP, nor is it indicative of funds available to fund our cash needs. In addition, our calculations of CAFD are not necessarily comparable to CAFD as calculated by other companies. Investors should not rely on these measures as a substitute for any GAAP measure, including cash provided by operating activities.
GlobeNewswire · 11/20/2020 11:30
Morgan Stanley Maintains Equal-Weight on Clearway Energy, Lowers Price Target to $26
Morgan Stanley maintains Clearway Energy (NYSE:CWEN) with a Equal-Weight and lowers the price target from $27 to $26.
Benzinga · 11/17/2020 13:40
Clearway Energy (CWEN) Q3 Earnings and Revenues Miss Estimates
Clearway Energy (CWEN) delivered earnings and revenue surprises of -63.01% and -5.68%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?
Zacks · 11/05/2020 12:45
Clearway Energy EPS misses by $0.52, misses on revenue
Clearway Energy (CWEN): Q3 GAAP EPS of $0.27 misses by $0.52.Revenue of $332M (+12.2% Y/Y) misses by $45.64M.Quarterly dividend increased by 1.8% to $0.318/share.Press Release
Seekingalpha · 11/05/2020 11:36
Clearway Energy Q3 2020 Earnings Preview
Clearway Energy (NYSE:CWEN) is scheduled to announce Q3 earnings results on Thursday, November 5th, before market open.The consensus EPS Estimate is $0.79 and the consensus Revenue Estimate is $377.64M (+27.6%
Seekingalpha · 11/04/2020 18:45
These dividend stocks can help balance your portfolio, Jefferies says
Jefferies strategist Steven DeSanctis identified some small and mid-cap utilities companies with healthy dividends and high ESG scores.
CNBC.com · 10/25/2020 10:36
Webull provides a variety of real-time CWEN stock news. You can receive the latest news about Clearway Energy Inc through multiple platforms. This information may help you make smarter investment decisions.
About CWEN
Clearway Energy, Inc., formerly NRG Yield, Inc., is a holding company. The Company's segments include Conventional Generation, Renewables, Thermal and Corporate. The Company's businesses are segregated based on conventional power generation, renewable businesses, which consist of solar and wind, and the thermal and chilled water business. The Company holds interest in Alta Wind Asset Management Holdings, LLC, Alta Wind Company, LLC, Alta Wind X Holding Company, LLC and Alta Wind XI Holding Company, LLC. As of June 30, 2018, these collectively owned 12 wind facilities that totaled 814 megawatts (MW) located in Tehachapi, California, and a portfolio of associated land leases (the Alta Wind Portfolio). The Company owns a diversified portfolio of contracted renewable and conventional generation, and thermal infrastructure assets in the United States. As of June 30, 2018, the Company's contracted renewable and conventional generation portfolio represented 5,118 net MW.
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