CWEN Earnings Prediction
The chart below shows how CWEN performed 10 days before and after its earnings report, based on data from the past quarters. Typically, CWEN sees a -1.48% change in stock price 10 days leading up to the earnings, and a +1.17% change 10 days following the report. On the earnings day itself, the stock moves by +0.95%. This data can give you a slight idea of what to expect for the next quarter's release.
CWEN Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
263.00M
-8.68%
5.62%
Gross Margin
-6.46%
-135.77%
1515.00%
Operating Margin
-10.65%
-173.05%
195.01%
Net Margin
-17.49%
25.92%
-40.35%
EPS
-0.02
--
-106.25%
No Data Available
CWEN Earnings Analysis
Clearway Energy, Inc. Corporation (CWEN.N) Earnings Conference Call
Positive
- Positive: Clearway Energy, Inc. reported solid results in the first quarter, with $52 million of CAFD and a reaffirmation of 2024 guidance of $395 million, leading to a strong start for the year.
- Positive: The company increased its dividend by 1.7% for the quarter, showing a commitment to dividend growth.
- Positive: Clearway Energy Group committed to approximately $65 million of new corporate capital deployments since the last earnings call, generating five-year annual average CAFD yields of approximately 10%.
- Positive: The company is increasing its pro forma CAFD outlook to $420 million from $415 million, demonstrating continued execution on deployment of thermal proceeds.
- Positive: Clearway Energy, Inc. is on track to achieve $2.15 of CAFD per share by 2026, with no external capital, and reaffirms the ability to achieve 5% to 8% EPS growth through 2026.
- Positive: Clearway Energy Group has a 30-gigawatt renewable pipeline that continues to develop, with approximately eight gigawatts of late-stage projects targeting CODs over the next five years, indicating growth potential.
- Positive: The company's joint development agreement optimized Utah Solar assets with the potential to invest up to $85 million in 2026 at a 10% CAFD yield, contributing to future growth prospects.
- Positive: Clearway Energy, Inc. signed RA contracts for Marsh Landing and Walnut Creek with strong pricing, enhancing visibility into organic CAFD per share growth in 2027 and beyond.
- Positive: The company is evaluating over 1.6 gigawatts of projects for potential repowerings, expansions, or hybridizations around existing assets, providing additional growth opportunities.
- Positive: Clearway Energy, Inc. established an agreement to develop battery assets adjacent to existing solar projects in Utah, targeting completion of 320 megawatts of storage capacity by mid-2026, adding value-accretive opportunities.
- Positive: The company's disciplined capital investment underwriting standards and commitment to maximizing CAFD per share net of financing costs demonstrate a focus on shareholder value.
- Positive: Clearway Energy, Inc. is confident in meeting its future growth goals, including reaching $2.15 of CAFD per share by 2026 and extending dividend growth beyond 2026, creating long-term value for shareholders.
Negative
Negative
Potential financial impact on company or stock in the next 12 months
Uncertainty around future growth opportunities beyond 2026 may impact investor confidence and stock valuation
Dependence on external capital for dropdowns targeted for 2026 and beyond may lead to dilution of existing shareholders' equity
Timing impacts on planned maintenance outages for certain gas plants may affect financial performance in the second quarter
Lower solar irradiance from higher-than-average rainfall may impact revenue generation from solar assets
Need for external capital for growth opportunities beyond 2026 may strain financial resources and credit metrics
Uncertainty around long-term contracts and pricing for new projects in the late-stage development pipeline may pose financial risks
Market challenges and volatile conditions may impact execution of growth strategies and financial performance
Impact of potential increases in costs or regulatory changes on operational expenses may affect profitability and cash flow
Lack of visibility into the specific outcomes and financial implications of planned growth initiatives may result in market uncertainty and negative sentiment
Potential disruptions to the supply chain or project timelines may lead to delays in revenue generation and impact overall financial performance.
