Earnings summaries and quarterly performance for Clearway Energy.
Executive leadership at Clearway Energy.
Board of directors at Clearway Energy.
BR
Brian R. Ford
Detailed
Lead Independent Director
BM
Bruce MacLennan
Detailed
Director
DB
Daniel B. More
Detailed
Director
ES
E. Stanley O’Neal
Detailed
Director
JL
Jennifer Lowry
Detailed
Director
JB
Jonathan Bram
Detailed
Chairman of the Board
MP
Marc-Antoine Pignon
Detailed
Director
NA
Nathaniel Anschuetz
Detailed
Director
OJ
Olivier Jouny
Detailed
Director
PG
Paige Goodwin
Detailed
Director
Research analysts who have asked questions during Clearway Energy earnings calls.
Dimple Gosai
Bank of America
4 questions for CWEN
Also covers: ARRY, BE, ENPH +6 more
JC
Justin Clare
Roth MKM
4 questions for CWEN
Also covers: AMPS, AMSC, ATKR +10 more
MJ
Mark Jarvi
CIBC Capital Markets
4 questions for CWEN
Also covers: AQN, AY, BEP +6 more
Corinne Blanchard
Deutsche Bank
2 questions for CWEN
Also covers: CSTM, GWH, LAAC +5 more
Hannah Velásquez
Jefferies
2 questions for CWEN
Also covers: FLNC, ORA, RUN +1 more
HH
Heidi Hauch
BNP Paribas
2 questions for CWEN
Also covers: HASI
Mike McNulty
Deutsche Bank
2 questions for CWEN
Also covers: ENLT
Nelson Ng
RBC Capital Markets
2 questions for CWEN
Also covers: AQN, AY, BBU +3 more
Noah Kaye
Oppenheimer & Co. Inc.
2 questions for CWEN
Also covers: AAON, AMRC, BWA +16 more
Steven Fleishman
Wolfe Research
2 questions for CWEN
Also covers: AEP, CEG, CNP +18 more
Steve Fleishman
Wolfe Research, LLC
1 question for CWEN
Also covers: AEP, CEG, CNP +11 more
Recent press releases and 8-K filings for CWEN.
Clearway Energy Signs 1.17 GW Power-Purchase Agreements with Google
CWEN
New Projects/Investments
Debt Issuance
- Clearway Energy Group signed three long-term power-purchase agreements (PPAs) with Google for 1.17 GW of carbon-free projects, representing over $2.4 billion in investment, with initial sites expected online in 2027 and 2028.
- The company recently completed an upsized $600 million offering of 5.750% senior notes due 2034.
- In its most recent quarter, Clearway reported net income of $60 million, adjusted EBITDA of $385 million, operating cash flow of $225 million, and CAFD of $166 million.
- Analysts highlight potential upside from long-term contracted revenue but also note financial risks due to elevated leverage (debt-to-equity ratio of about 4.5) and an Altman Z-Score in the distress range.
5 days ago
Clearway Energy Operating LLC Issues Senior Notes
CWEN
Debt Issuance
- Clearway Energy Operating LLC, a subsidiary of Clearway Energy, Inc., completed the sale of $600 million aggregate principal amount of 5.750% senior notes due 2034 on January 13, 2026.
- These notes are senior unsecured obligations of Clearway Operating, with interest payable semi-annually on January 15 and July 15, starting July 15, 2026, until maturity on January 15, 2034.
- The company has optional redemption rights: prior to January 15, 2029, it can redeem up to 40% at 105.750% (from equity offerings) or all/a portion at 100% plus a make-whole premium; on or after January 15, 2029, redemption prices vary from 102.875% to 100.000% depending on the year.
7 days ago
Clearway Energy Operating LLC Upsizes Senior Notes Offering to $600 Million
CWEN
Debt Issuance
New Projects/Investments
- Clearway Energy Operating LLC, a subsidiary of Clearway Energy, Inc., announced and priced an upsized offering of $600 million in 5.750% senior notes due 2034 on January 8, 2026.
- The offering, initially proposed at $500 million, is expected to close on January 13, 2026, with the notes maturing on January 15, 2034.
- The net proceeds from the offering are intended to repay borrowings outstanding under its revolving credit facility, for general corporate purposes, and to finance or refinance certain indebtedness and acquire assets meeting renewable energy generation and storage eligibility criteria.
Jan 8, 2026, 10:15 PM
Clearway Energy Operating LLC Prices Upsized Senior Notes Offering
CWEN
Debt Issuance
New Projects/Investments
- Clearway Energy Operating LLC, a subsidiary of Clearway Energy, Inc., priced an offering of $600 million in 5.750% senior notes due 2034.
- The offering was upsized from the previously announced $500 million and is expected to close on January 13, 2026.
- The net proceeds from the offering will be used to finance or refinance indebtedness, acquire assets meeting renewable energy generation and storage criteria, repay borrowings under its revolving credit facility, and for general corporate purposes.
Jan 8, 2026, 10:03 PM
Clearway Energy Subsidiary Announces Proposed Offering of Senior Notes
CWEN
Debt Issuance
New Projects/Investments
- Clearway Energy Operating LLC, a subsidiary of Clearway Energy, Inc., intends to offer $500 million in aggregate principal amount of senior notes due 2034.
- The New Notes will be senior unsecured obligations of Clearway Operating and guaranteed by Clearway Energy LLC and its wholly owned subsidiaries.
- Clearway Operating plans to use the net proceeds to repay borrowings under its revolving credit facility, for general corporate purposes, and to finance or refinance indebtedness and acquire renewable energy generation and storage assets.
Jan 8, 2026, 2:22 PM
Clearway Energy, Inc. Subsidiary to Acquire Battery Energy Storage and Solar Facilities
CWEN
M&A
New Projects/Investments
- On November 24, 2025, Clearway Energy, Inc.'s subsidiary, RS2-Spindle Purchaser LLC, entered into a Membership Interest Purchase Agreement to acquire certain limited liability company membership interests in RS2-Spindle TargetCo LLC.
- This transaction will result in Clearway Energy, Inc. becoming the indirect owner of Spindle Battery LLC and Golden Fields Solar VI, LLC.
- Spindle Battery is developing an approximately 199 megawatt battery energy storage system facility in Weld County, Colorado.
- Golden Fields Solar VI is developing an approximately 92 megawatt battery energy storage system facility in Kern County, California.
- The base purchase price for the acquisition is approximately $45.7 million for Spindle Battery and approximately $47.2 million for Golden Fields Solar VI, in cash and subject to customary working capital adjustments. The closing of the transaction is expected to occur during the second half of 2026.
Dec 2, 2025, 11:00 AM
Clearway Energy, Inc. Reports Strong Q3 2025 Performance and Raises Long-Term Targets
CWEN
Earnings
Guidance Update
New Projects/Investments
- Clearway Energy, Inc. (CWEN) reported Q3 2025 Adjusted EBITDA of $385 million and CAFD of $166 million.
- The company narrowed its 2025 CAFD guidance to $420-440 million and established 2026 CAFD guidance at $470-510 million.
- CWEN increased its 2027 CAFD per share (CAFDPS) target to $2.70 or better and set a 2030 CAFDPS target of $2.90-3.10, representing a 7-8% CAGR over 2025-2030.
- The company is strategically focused on meeting data center demand, having signed or awarded 1.8 GW of PPAs to Clearway Group for active development.
- CWEN's funding model for long-term growth includes increasing retained cash flows with a payout ratio targeting less than 70% after 2030, maintaining corporate leverage at 4.0-4.5x, and making modest, accretive equity issuances.
Nov 4, 2025, 10:00 PM
Clearway Energy, Inc. Reports Q3 2025 Results and Updates Financial Targets
CWEN
Guidance Update
New Projects/Investments
M&A
- Clearway Energy, Inc. reported Q3 2025 Adjusted EBITDA of $385 million and CAFD of $166 million.
- The company narrowed its 2025 CAFD guidance to $420-$440 million and established 2026 CAFD guidance at $470-$510 million.
- CWEN is targeting a CAFD per share goal of $2.90-$3.10 by 2030, representing a 7%-8% growth CAGR from its 2025 guidance midpoint, building on a path to achieve $2.70 or better by 2027.
- Growth is expected to be funded by increasing use of retained cash flow, prudent debt, and modest equity issuances, with a long-term payout ratio targeted to be less than 70% beyond 2030.
- Strategic growth pathways include successful execution of multiple acquisitions (three transactions consummated at cap yields above 12% in the last year), well-performing dropdowns, and a robust development pipeline, including 1.8 gigawatts of PPAs executed for data center loads.
Nov 4, 2025, 10:00 PM
Clearway Energy Reports Q3 2025 Results and Updates Financial Guidance
CWEN
Earnings
Guidance Update
New Projects/Investments
- Clearway Energy reported Q3 2025 Adjusted EBITDA of $385 million and CAFD of $166 million, with year-to-date figures of $980 million and $395 million respectively.
- The company narrowed its 2025 CAFD guidance to $420-$440 million and established 2026 CAFD guidance at $470-$510 million.
- Clearway Energy is well-positioned to achieve its 2027 CAFD per share target of $2.70 or better and has set a 2030 CAFD per share goal of $2.90-$3.10, reflecting a 7%-8% growth CAGR from the 2025 guidance midpoint.
- Growth is driven by successful execution of acquisitions, repowerings, sponsor-developed dropdowns, and strong traction in supporting the energy needs of the U.S. digital infrastructure build-out and reindustrialization.
- The company plans to fund growth using retained cash flow, prudent debt, and modest equity issuances, targeting a long-term payout ratio of less than 70% beyond 2030.
Nov 4, 2025, 10:00 PM
Clearway Energy Reports Q3 2025 Results and Updates Financial Targets
CWEN
Earnings
Guidance Update
New Projects/Investments
- Clearway Energy reported Q3 2025 Adjusted EBITDA of $385 million and Cash Available for Distribution (CAFD) of $166 million.
- The company narrowed its 2025 CAFD guidance to $420 million-$440 million and established 2026 CAFD guidance at $470 million-$510 million.
- Clearway Energy set a 2030 CAFD per share goal of $2.90-$3.10, reflecting a 7%-8% growth CAGR from its 2025 guidance midpoint.
- The company's growth strategy includes increasingly using retained cash flow as a funding source, targeting a long-term payout ratio of less than 70% beyond 2030, and leveraging a robust development pipeline, including over 6.5 GW of projects by Clearway Group for 2028-2029.
Nov 4, 2025, 10:00 PM
Quarterly earnings call transcripts for Clearway Energy.
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