Clearway Energy (NYSE:CWEN) Posts Earnings Results, Misses Estimates By $0.41 EPS

Clearway Energy (NYSE:CWEN) released its quarterly earnings results on Monday. The company reported $0.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.41), Zacks reports. The business had revenue of $522.00 million during the quarter, compared to the consensus estimate of $513.11 million. Clearway Energy had a net margin of 5.78% and a return on equity of 1.60%.

Here are the key takeaways from Clearway Energy’s conference call:

• Clearway reiterated its 2026 CAFD guidance of $430 million–$470 million and initiated 2027 guidance of $520 million–$590 million. It also set a 2031 CAFD-per-share target of $3.20–$3.40, representing 7%–8%+ annual growth from its 2025 baseline.
• The company reported a growing pipeline of approximately 6.4 GW of identified investment opportunities, with about 75% of the capital needed for its 2031 target already commercialized. Management said the 2026–2030 capital plan totals roughly $4.1 billion, with investment expected to accelerate after 2026.
• Longer-term contracts for Clearway’s Flexible Generation fleet—an eight-year agreement and a forthcoming 10-year contract—are expected to support CAFD well into the next decade. The company also expects to deploy at least 90% of its planned $650 million repowering investment through 2027.
• Management described digital-infrastructure energy complexes, including the Wilcox project, as potential upside to its 2031 targets, with first generating capacity targeted for 2029. Wilcox has secured key permits, ordered long-lead equipment, and signed a letter of intent with a hyperscaler, but the opportunity is not yet included in the core targets.
• To fund growth and refinance debt, Clearway expects to use retained cash flow, at least $2 billion of corporate debt, and planned equity issuance; it says it will maintain a BB rating and 4–4.5x leverage. The company has also hedged some near-term financing needs, while future funding costs and equity issuance remain relevant considerations.

Clearway Energy Price Performance

CWEN opened at $34.71 on Tuesday. The company has a fifty day moving average price of $31.18 and a two-hundred day moving average price of $35.54. The company has a debt-to-equity ratio of 1.55, a quick ratio of 1.02 and a current ratio of 1.11. Clearway Energy has a 52 week low of $28.57 and a 52 week high of $41.74. The firm has a market capitalization of $7.13 billion, a PE ratio of 45.67 and a beta of 0.81.

Clearway Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Tuesday, December 1st will be issued a dividend of $0.4824 per share. The ex-dividend date of this dividend is Tuesday, December 1st. This represents a $1.93 dividend on an annualized basis and a yield of 5.6%. This is a boost from Clearway Energy’s previous quarterly dividend of $0.4750. Clearway Energy’s dividend payout ratio (DPR) is presently 250.00%.

Wall Street Analysts Forecast Growth

CWEN has been the topic of a number of research analyst reports. Evercore reissued a “positive” rating and set a $40.00 price objective on shares of Clearway Energy in a report on Monday, August 17th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $38.00 target price on shares of Clearway Energy in a research note on Friday, September 4th. UBS Group dropped their target price on shares of Clearway Energy from $45.00 to $38.00 and set a “buy” rating for the company in a research note on Wednesday, October 21st. Weiss Ratings lowered shares of Clearway Energy from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, September 24th. Finally, Truist Financial decreased their price target on shares of Clearway Energy from $43.00 to $40.00 and set a “buy” rating on the stock in a research note on Monday, September 28th. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, Clearway Energy has an average rating of “Buy” and a consensus price target of $42.00.

Key Headlines Impacting Clearway Energy

Here are the key news stories impacting Clearway Energy this week:

• Positive Sentiment: Clearway set 2027 cash available for distribution (CAFD) guidance of $520 million to $590 million and a 2031 target of $3.20 to $3.40 in CAFD per share. The targets may support investor confidence in the company’s longer-term cash generation. Clearway outlines CAFD guidance and 2031 target
• Positive Sentiment: The company raised its quarterly dividend 1.6%, from $0.4750 to $0.4824 per share, equivalent to $1.93 annualized and a stated 5.6% yield. The dividend increase may appeal to income-focused investors.
• Positive Sentiment: Clearway reported $173 million in third-quarter CAFD and reaffirmed its 2026 guidance. It also cited progress on fleet repowerings and new capacity contracts, committed investments in Swan Solar and Honeycomb 2, and a sponsor-developed pipeline of about 16 GW. Clearway Energy third-quarter 2026 results
• Negative Sentiment: Third-quarter EPS was $0.42, below estimates: Zacks cited a $0.46 consensus, while another reported consensus was $0.83. EPS also fell from $2.00 a year earlier, a potential concern despite revenue of $522 million exceeding the estimate of $513.11 million. Clearway Energy misses Q3 earnings estimates

About Clearway Energy

Clearway Energy, Inc owns and operates electricity-generation facilities in the United States. Its portfolio includes renewable energy assets, primarily wind and solar, as well as energy storage and conventional power-generation and thermal infrastructure.

The company sells electricity and related services to utilities and other customers, often through long-term contractual arrangements. Its facilities are located across multiple U.S. regions.

Clearway Energy was formerly known as NRG Yield, Inc and adopted its current name in 2018.