Clearway Energy (NYSE:CWEN) Issues Quarterly Earnings Results

Clearway Energy (NYSE:CWEN) posted its 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%.

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 Down 0.9%

Shares of NYSE CWEN traded down $0.33 during mid-day trading on Thursday, reaching $38.16. The company had a trading volume of 1,270,069 shares, compared to its average volume of 923,909. The company has a current ratio of 1.13, a quick ratio of 1.06 and a debt-to-equity ratio of 1.36. Clearway Energy has a 52-week low of $27.67 and a 52-week high of $41.60. The stock has a market cap of $7.83 billion, a P/E ratio of 26.87, a PEG ratio of 14.61 and a beta of 0.87. The firm has a 50 day simple moving average of $39.08 and a two-hundred day simple moving average of $36.43.

Clearway Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Monday, March 2nd were issued a $0.4602 dividend. This represents a $1.84 annualized dividend and a dividend yield of 4.8%. The ex-dividend date was Monday, March 2nd. This is a positive change from Clearway Energy’s previous quarterly dividend of $0.45. Clearway Energy’s dividend payout ratio (DPR) is currently 129.58%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft set a $41.00 target price on Clearway Energy in a research report on Thursday, April 9th. Weiss Ratings restated a “hold (c)” rating on shares of Clearway Energy in a research report on Monday, April 20th. Wall Street Zen cut Clearway Energy from a “sell” rating to a “strong sell” rating in a report on Saturday, April 25th. Royal Bank Of Canada raised their price objective on shares of Clearway Energy from $38.00 to $42.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 24th. Finally, Roth Mkm restated a “buy” rating and issued a $45.00 price objective (up from $40.00) 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 given a Hold rating to the company. According to data from MarketBeat, Clearway Energy currently has an average rating of “Moderate Buy” and a consensus price target of $40.57.

Institutional Investors Weigh In On Clearway Energy

Large investors have recently modified their holdings of the company. Caitong International Asset Management Co. Ltd boosted its stake in Clearway Energy by 280.9% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 956 shares of the company’s stock worth $27,000 after purchasing an additional 705 shares during the period. National Bank of Canada FI raised its stake in shares of Clearway Energy by 201.9% during the 3rd quarter. National Bank of Canada FI now owns 975 shares of the company’s stock worth $28,000 after buying an additional 652 shares in the last quarter. Headlands Technologies LLC purchased a new position in shares of Clearway Energy in the 2nd quarter valued at about $43,000. Johnson Financial Group Inc. purchased a new stake in shares of Clearway Energy during the 3rd quarter worth approximately $52,000. Finally, Scarborough Advisors LLC boosted its position in Clearway Energy by 84.6% during the fourth quarter. Scarborough Advisors LLC now owns 1,661 shares of the company’s stock worth $55,000 after purchasing an additional 761 shares in the last quarter. 84.53% of the stock is owned by institutional investors and hedge funds.

Clearway Energy Company Profile

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.