22.21 0.00 (0.00%)
After hours: 4:15PM EDT
|Bid||21.73 x 900|
|Ask||22.27 x 900|
|Day's range||22.12 - 23.02|
|52-week range||16.12 - 25.09|
|Beta (5Y monthly)||1.11|
|PE ratio (TTM)||N/A|
|Earnings date||26 Feb 2020 - 02 Mar 2020|
|Forward dividend & yield||0.84 (3.65%)|
|Ex-dividend date||29 May 2020|
|1y target est||N/A|
Clearway Energy (CWEN) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Renewable energy has an immensely bright future. Now the global economy is on track to invest a substantial amount of money into building new renewable generating capacity to meet future energy demand. Many companies will benefit from the expected growth of the renewable energy industry in the coming years.
One of these is clean energy producer Clearway Energy (NYSE: CWEN)(NYSE: CWEN.A), which has already provided its investors one raise earlier this year and could give them an even bigger one later this summer. While electricity usage has fallen this year as a result of the COVID-19 outbreak, this issue hasn't impacted Clearway. Overall, Clearway expects to produce $310 million, or $1.56 per share, of cash available for dividends this year, which would be 22% above last year's level.
In this episode of Industry Focus: Energy, Nick Sciple and Motley Fool contributor Matt DiLallo talk about energy stocks worth a look, why you need to understand what you're buying, and the ins and outs of yieldcos. To catch full episodes of all The Motley Fool's free podcasts, check out our podcast center. To get started investing, check out our quick-start guide to investing in stocks.
Clearway Energy Operating LLC (“Clearway Operating”), a subsidiary of Clearway Energy, Inc. (NYSE: CWEN, CWEN.A) (“Clearway Energy”), has priced its upsized offering of $250 million in aggregate principal amount of its 4.750% Senior Notes due 2028 (the “Additional Notes”). The Additional Notes will be issued at 102.0% of par, plus accrued interest from December 11, 2019. The Additional Notes are being offered as an additional issue of Clearway Operating’s existing $600 million aggregate principal amount of 4.750% Senior Notes due 2028 that Clearway Operating issued on December 11, 2019 (the “Initial Notes”).
Clearway Energy Operating LLC (“Clearway Operating”), a subsidiary of Clearway Energy, Inc. (NYSE: CWEN, CWEN.A) (“Clearway Energy”), intends to commence an offering of $200 million in aggregate principal amount of its 4.750% Senior Notes due 2028 (the “Additional Notes”). The Additional Notes are being offered as an additional issue of Clearway Operating’s existing $600 million aggregate principal amount of 4.750% Senior Notes due 2028 that Clearway Operating issued on December 11, 2019 (the “Initial Notes”). The Additional Notes will be issued under the same indenture as the Initial Notes, will be treated as a single class of debt securities with the Initial Notes and will have the same terms, other than the issue date and offering price.
Now may be the time to transition your portfolio from oil stocks to renewable energy stocks. Here are five picks to get you started.
Clearway Energy, Inc. (NYSE: CWEN, CWEN.A) (“Company”), today announced that, through indirect subsidiaries of the Company, it has closed a transaction to divest its residential solar portfolio for cash proceeds to the Company of $75 million1. Additionally, the Company has also closed the previously announced agreement to acquire Clearway Group’s (CEG) interest in Repowering Partnership II LLC (Repowering 1.0) for $70 million. “The divesture of Clearway’s residential solar portfolio allows the Company to use proceeds from the sale of a non-core asset to prudently recycle capital into strategic investments more aligned with the Company’s platform and operating strengths,” said Christopher Sotos, Clearway Energy, Inc.’s President and Chief Executive Officer.
The stock market has staged an amazing comeback from its bottom in March. One of those is clean-energy producer Clearway Energy (NYSE: CWEN) (NYSE: CWEN.A). Clearway Energy is a renewable yieldco, which means it focuses on generating renewable energy that it sells under long-term, fixed-rate contracts, and uses the stable cash flow to pay a high-yielding dividend.
Clearway Energy (NYSE: CWEN) (NYSE: CWEN.A) has been largely immune to the impact the COVID-19 outbreak has had on electricity usage. Powering that surge was a 16% increase in electricity generation thanks to more favorable year-over-year wind and solar conditions across its portfolio.
It's been a good week for Clearway Energy, Inc. (NYSE:CWEN.A) shareholders, because the company has just released its...
Everybody's talking about oil right now: oil stocks, oil prices, oil tankers stuck offshore because there's no room for their cargo in storage. Rather than investing in the oil industry, which everyone's talking about, you might want to consider putting your money into stocks that nobody's talking about.
Clearway Energy (CWEN) delivered earnings and revenue surprises of -500.00% and 11.21%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
Let me first thank you for taking the time to join Clearway Energy's First Quarter Earnings Call. Joining me this morning is Chad Plotkin, our Chief Financial Officer; as well as Craig Cornelius, President and CEO of Clearway Energy Group.
Oil stocks have grown in popularity among some investors as crude prices have crashed and taken the industry's market caps down with them. Among oil's many problems is that renewable energy will be a major disruptive force in the broader energy sector in the coming decades. Because of that, long-term investors would be better served to consider buying a renewable energy company instead of one focused on oil.
It's been a wild ride in the energy sector lately. With so much uncertainty in the oil and gas sector, this month it's probably better for investors to just avoid the whole mess and focus on other areas of the energy sector. Compelling energy stocks right now include NextEra Energy (NYSE: NEE), Brookfield Renewable Partners (NYSE: BEP), and Clearway Energy (NYSE: CWEN)(NYSE: CWEN.A).
Signed binding agreements to acquire and invest in a portfolio of renewable energy projectsMaintaining safe and reliable operations through COVID-19 pandemic; Currently do not.
Clearway Energy, Inc. (NYSE: CWEN, CWEN.A) (“Company”), today announced that, through indirect subsidiaries of the Company, it has entered into binding agreements related to the previously announced drop-down offer from Clearway Group (“CEG”) to acquire and invest in a portfolio of renewable energy projects. The transactions are expected to have a five-year average annual asset CAFD of approximately $23 million prior to corporate financing costs. “The investments we are announcing today not only provide Clearway additional CAFD growth but also regional diversification for the Company,” said Christopher Sotos, Clearway Energy, Inc.’s President and Chief Executive Officer.
Clearway Energy, Inc. (NYSE:CWEN.A), which is in the renewable energy business, and is based in United States, saw a...
PRINCETON, N.J., April 07, 2020 -- Clearway Energy, Inc. (NYSE: CWEN, CWEN.A) plans to report First Quarter 2020 financial results on Thursday, May 7, 2020. Management will.
Clearway Energy, Inc. (NYSE: CWEN, CWEN.A) (the “Company” or “Clearway Energy”) today announced that, due to the emerging public health impact of the COVID-19 (Coronavirus) pandemic, the location of the Company’s 2020 annual meeting of stockholders (the “Annual Meeting”) has been changed from an in-person meeting to a virtual meeting. As previously announced, the Annual Meeting will still be held at 9:00 a.m., Eastern Time, on Thursday, April 30, 2020, but will be held only in a virtual meeting format. On March 24, 2020, the Company’s Board of Directors (the “Board”) approved the change to the location and format of the Annual Meeting in support of the health and well-being of the Company’s employees, stockholders and other associates, as well as the related protocols that have been or may be imposed by federal, state and local governments.
Full year financial performance in-line with expectationsExecuted on $386 million in new accretive growth investmentsRaised $700 million of new corporate level capital in the.