Clearway Energy, Inc. Class C (CWEN)

Clearway Energy reported Q3 2025 earnings per share (EPS) of $2, significantly exceeding analysts' expectations. Zacks Research upgraded and subsequently downgraded Clearway Energy's rating, while CIBC raised its rating and price objective. Roth Mkm also upped its target price and issued a "buy" rating, and UBS Group reiterated a "buy" rating. The company's share price increased by 44.15% between February 5, 2025, and February 5, 2026, reaching a new 52-week high. Clearway Energy is positioned for a 7%-8% Cash Available for Distribution (CAFD) compound annual growth rate through 2030, driven by increasing power demand and higher PPA pricing. The company reaffirmed its 2025 CAFD guidance and introduced 2026 CAFD guidance. Clearway Energy reported robust Q1 2025 results, reaffirming its 2025 CAFD guidance, and its full-year 2024 financial results exceeded guidance.

Demand for Clearway Energy, Inc.'s products and services exhibits seasonality due to renewable energy generation and the timing of contracted payments and conventional merchant energy margins. The company's Cash Available for Distribution (CAFD) shows a clear quarterly seasonality, with the second and third quarters typically having the highest percentages of the estimated annual financial results. The first and fourth quarters generally show much lower percentages. While there is "seasonal lumpiness" and "variance from weather," the overall revenue trend remains positive.

Clearway Energy, Inc. operates in the Renewable Energy industry, owning and operating wind, solar, natural gas assets, and battery energy storage systems. The company secures revenue through long-term Power Purchase Agreements (PPAs) with various customers. Its portfolio comprises approximately 11.8 GW of gross capacity, with about 9.2 GW from renewable sources and 2.8 GW from dispatchable power generation assets.

Clearway Energy, Inc. has a substantial geographic footprint across the United States, with its portfolio of assets spanning 26 to 27 states.

Clearway Energy, Inc. maintains a positive brand reputation centered on its commitment to clean energy and sustainability. The company focuses on being a leading owner and operator of essential energy infrastructure, prioritizing safety, serving communities, acting with integrity, and investing resources wisely. The company actively engages in community benefits initiatives, educational partnerships, and volunteer work, reinforcing a positive image.

Clearway Energy, Inc. has a mixed ownership structure, with a significant portion held by institutional investors, approximately 84.53% to 91.16%. Major institutional owners include BlackRock, Inc. and Vanguard Group Inc. The company is controlled by its sponsor, Global Infrastructure Partners, and TotalEnergies. Individual investors and public companies hold the remaining shares.