CWEN - Clearway Energy, Inc.
| Previous Close | 16.92 |
| Open | 16.98 |
| Bid | 16.96 x 800 |
| Ask | 16.97 x 1400 |
| Day's Range | 16.94 - 17.00 |
| 52 Week Range | 12.12 - 20.75 |
| Volume | 101,753 |
| Avg. Volume | 633,495 |
| Market Cap | 3.279B |
| Beta (3Y Monthly) | 0.48 |
| PE Ratio (TTM) | 150.04 |
| EPS (TTM) | 0.11 |
| Earnings Date | N/A |
| Forward Dividend & Yield | 0.80 (4.71%) |
| Ex-Dividend Date | 2019-05-31 |
| 1y Target Est | N/A |
- Motley Fool•yesterday
Could PG&E's Bankruptcy Chill the Renewable Power Market?
Renewable power companies just got dealt a worrying blow from PG&E's bankruptcy process. Is this what Southern Co has been warning about?
- Bloomberg•4 days ago
‘Avian Incident’ Knocks Out 84% of Massive California Solar Farm
(Bloomberg) -- An “avian incident” sparked a fire at one of California’s biggest solar farms, affecting 1,200 acres and knocking out 84% of the California Valley Solar Ranch’s generating capacity.The June 5 incident didn’t damage solar panels at the 250-megawatt power plant, but distribution poles and cables need to be replaced, according a regulatory filing Wednesday from owner Clearway Energy Inc. The company didn't say exactly how the blaze was ignited. ``We are pleased that in the aftermath of the fire at California Valley Solar Ranch, our team and first responders were able to ensure the safety of the surrounding community, our employees, and fire officials,'' the company said by email. ``While fires remain an unfortunate and growing reality in California and across the west, incidents such as these give us continued confidence in our risk prevention and mitigation plans.”About 40 megawatts of the San Luis Obispo County facility are in operation, and it’s expected to return to full service by July 1. Clearway expects the incident to cost $8 million to $9 million this year, after estimated insurance recovery.The California Valley project was built by SunPower Corp. and was funded in part with a $1.24 billion loan guarantee from the U.S. Energy Department. It was completed in 2013 and sells power to PG&E Corp.(Updates with company comment in third paragraph)\--With assistance from Brian Eckhouse.To contact the reporter on this story: Millicent Dent in New York at mdent13@bloomberg.netTo contact the editors responsible for this story: Lynn Doan at ldoan6@bloomberg.net, Will Wade, Carlos CaminadaFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Business Wire•7 days ago
Clearway Energy, Inc. Announces Equity Commitment in Repowering Partnership
Clearway Energy, Inc. (NYSE: CWEN, CWEN.A) (“Company”), today announced that, through an indirect subsidiary of the Company, it has entered into binding equity commitment agreements in the previously announced partnership with Clearway Group to enable the repowering of two of its existing wind assets, Wildorado and Elbow Creek. The transaction is expected to contribute incremental asset CAFD on an average annual basis of approximately $12 million beginning in 20202, which reflects the improved operational profile of the projects and the impact from the new non-recourse capital structure employed at the partnership. “Our commitment to invest in the repowering of these two important wind assets highlights a new area of organic growth for the Company," said Christopher Sotos, Clearway Energy, Inc.’s President and Chief Executive Officer.
- Insider Monkey•10 days ago
Hedge Funds Have Never Been This Bullish On Clearway Energy, Inc. (CWEN)
Amid an overall bull market, many stocks that smart money investors were collectively bullish on surged during the first quarter. Among them, Facebook and Microsoft ranked among the top 3 picks and these stocks gained 40% and 25% respectively. Our research shows that most of the stocks that smart money likes historically generate strong risk-adjusted […]
- Zacks•18 days ago
Why Is NRG Yield (CWEN) Up 1.4% Since Last Earnings Report?
NRG Yield (CWEN) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Motley Fool•29 days agoPut This High-Yield Renewable Energy Stock on Your Watch List Now
Clearway Energy's results are being impacted by the ongoing PG&E bankruptcy, but it's likely to emerge unaffected. That could make it an excellent buy, if management can fix some other problems.
GuruFocus.com•last monthDavid Tepper Buys Berkshire Hathaway Holding Amazon
Appaloosa fund manager’s top-5 buys include two e-commerce giants
- GuruFocus.com•last month
Waterstone Capital Management, L.P. Buys Clearway Energy Inc
Plymouth, MN, based Investment company Waterstone Capital Management, L.P. buys Clearway Energy Inc during the 3-months ended 2019Q1, according to the most recent filings of the investment company, Waterstone ...
Motley Fool•2 months agoClearway Energy, Inc. (CWEN.A) Q1 2019 Earnings Call Transcript
CWEN earnings call for the period ending March 31, 2019.
- Zacks•2 months ago
Clearway Energy (CWEN) Incurs Loss in Q1, Beats on Revenues
Clearway Energy's (CWEN) total revenues in Q1 surpass estimates. The company reiterates its 2019 net income guidance.
- Zacks•2 months ago
NRG Yield (CWEN) Reports Q1 Loss, Tops Revenue Estimates
NRG Yield (CWEN) delivered earnings and revenue surprises of -1000.00% and 2.48%, respectively, for the quarter ended March 2019. Do the numbers hold clues to what lies ahead for the stock?
- Business Wire•2 months ago
Clearway Energy, Inc. Reports First Quarter 2019 Financial Results
PRINCETON, N.J.-- -- Closed the acquisition of Duquesne University's district energy system Raised new corporate growth capital by refinancing non-recourse debt at the Tapestry Wind portfolio Advanced the Hawaii Solar Phase I ROFO projects through an initial partnership investment Repaid outstanding balance of the 2019 Convertible Notes with cash on hand Declared quarterly dividend of $0.20 per share ...
- Business Wire•2 months ago
Clearway Energy, Inc. Enters Partnership with Duquesne University to Improve Campus Power Efficiency, Reliability
Clearway Energy, Inc. (“Clearway”), (NYSE:CWEN and CWEN.A) and Duquesne University in Pittsburgh have entered into a 40-year energy services agreement following Duquesne’s sale of its Tri Generation facility to Clearway. With this arrangement, Duquesne becomes the second recent university in the United States and the first in Pennsylvania to monetize energy assets via a Tri Generation facility, which allows users to convert excess steam that otherwise becomes waste into reliable energy for electricity, water heating, and cooling.
- Zacks•2 months ago
NRG Yield (CWEN) Expected to Beat Earnings Estimates: What to Know Ahead of Q1 Release
NRG Yield (CWEN) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- Insider Monkey•2 months ago
Here’s What Hedge Funds Think About Clearway Energy, Inc. (CWEN)
"Value has performed relatively poorly since the 2017 shift, but we believe challenges to the S&P 500’s dominance are mounting and resulting active opportunities away from the index are growing. At some point, this fault line will break, likely on the back of rising rates, and all investors will be reminded that the best time […]
- Business Wire•2 months ago
Clearway Energy, Inc. to Report First Quarter 2019 Financial Results on May 7, 2019
Clearway Energy, Inc. will report First Quarter 2019 financial results on Tuesday, May 7, 2019. Management will present the results during a conference call and webcast at 8:00 a.m.
- Zacks•3 months ago
Why Is NRG Yield (CWEN) Up 0.8% Since Last Earnings Report?
NRG Yield (CWEN) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
- Motley Fool•3 months ago
3 High-Yield Dividend Stocks Down 15% or More in 2019: Buy on the Dip?
Clearway Energy, CenturyLink, and Newell Brands have had it tough lately.
Motley Fool•4 months agoClearway Energy, Inc (CWEN) Q4 2018 Earnings Conference Call Transcript
CWEN earnings call for the period ending December 31, 2018.
- Reuters•4 months ago
Exclusive: Apollo bets on Clearway Energy, defying PG&E bankruptcy fallout
Apollo's move is a sign of confidence in Clearway, which cut its dividend from 33 cents to 20 cents per share last month amid concerns that California utility PG&E Corp could abandon its power purchase agreement with Clearway, a wind, solar and natural gas-fired power generation company. PG&E filed for bankruptcy on Jan. 29, citing mounting liabilities, including the possibility its equipment set off the deadly Camp Fire, which destroyed the Northern California town of Paradise and killed 86 people. Since November, Clearway's shares have lost more than a fifth of their value as investors worried that PG&E will renege on its contract.
- Zacks•4 months ago
Clearway Energy's (CWEN) 2018 Earnings and Revenues Up Y/Y
Clearway Energy's (CWEN) earnings as well as total revenues in 2018 are higher on a year-over-year basis. The company's refinancing of debts allows it to extend corporate maturities till 2024.
- Business Wire•4 months ago
Clearway Energy, Inc. Reports Full Year 2018 Financial Results
PRINCETON, N.J.-- -- Full year financial performance in-line with expectations Completed new sponsorship with Global Infrastructure Partners as the Company’s controlling shareholder Invested $94 million 1 in new accretive growth investments in 2018 Raised $754 million in new corporate level capital for growth investments and balance sheet management Announced modified capital allocation approach on ...
- Zacks•4 months ago
Clearway Energy (CWEN) to Post Q4 Earnings: What's in Store?
Clearway Energy (CWEN) is unlikely to beat estimates when it reports fourth-quarter earnings on Feb 28, 2019.
- Zacks•4 months ago
Earnings Preview: NRG Yield (CWEN) Q4 Earnings Expected to Decline
NRG Yield (CWEN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- Business Wire•4 months ago
Clearway Energy, Inc. Announces Update to 2019 Financial Guidance
PRINCETON, N.J.-- -- Modifying capital allocation approach due to Pacific Gas & Electric’s bankruptcy filing Reducing quarterly dividend to $0.20 per share in first quarter 2019 Global Infrastructure Partners III , Clearway Energy, Inc.’s controlling shareholder, providing key long-term support through the Carlsbad equity backstop and with continued investment in, and advancement of, Clearway Group’s ...
