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Clearway Energy Beats on Q3 Earnings & Sales, Narrows Guidance
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Key Takeaways
Clearway Energy's Q3 EPS surged to $2.00, topping estimates by 525% on improved operations.
Clearway Energy can benefit from the rising demand from data centres.
The company announced new solar, wind, and storage projects and raised 2025 CAFD guidance.
Clearway Energy Inc. (CWEN - Free Report) recorded third-quarter 2025 earnings of $2.0 per share, which beat the Zacks Consensus Estimate of 32 cents by 525%. In the year-ago quarter, the company reported earnings of 31 cents per share.
CWEN’s Revenues
Total revenues of $429 million surpassed the Zacks Consensus Estimate of $422 million by 1.66%. However, the top line decreased 11.7% from the year-ago quarter’s figure of $486 million.
Clearway Energy, Inc. Price, Consensus and EPS Surprise
CWEN is well-positioned for long-term growth amid the rising demand from data centers. The company expects a significant increase in demand from data centers and is investing to strengthen its infrastructure and generation assets to meet the rising demand.
Adjusted EBITDA for the quarter totaled $385 million compared with $354 million in the year-ago period.
Total operating costs and expenses for the quarter were $317 million, up 2.9% from the year-ago figure of $308 million.
CWEN incurred interest expenses of $98 million compared with $139 million in the year-ago quarter.
Developments After Third-Quarter Close
During the final quarter of 2025, Clearway Group signed a 20-year PPA with an investment-grade utility for the 520 MW Royal Slope solar plus storage project located in Grant County, WA. The project is targeting a 2027 COD.
On Oct. 3, 2025, the company entered into a binding agreement to acquire a 613 MW operational solar portfolio located in eight states, from a third party.
CWEN’s Financial Position
Clearway Energy had cash and cash equivalents of $251 million as of Sept. 30, 2025, compared with $332 million as of Dec. 31, 2024.
Total liquidity as of Sept. 30, 2025, was $834 million compared with $1.33 billion recorded as of Dec. 31, 2024.
Long-term debt as of Sept. 30, 2025, amounted to $8.08 billion compared with $6.75 billion as of Dec. 31, 2024.
Net cash provided by operating activities in the first nine months of 2025 was $511 million compared with $578 million in the year-ago period.
CWEN’s Guidance
Clearway Energy’s new guidance for 2025 cash available for distribution (CAFD) lies between $420 million and $440 million compared with the previous range of $400-$440 million. The company is tightening the 2025 guided range toward the upper end of the initial outlook, supported by strong year-to-date performance and anticipated contributions from growth investments.
Clearway Energy’s guidance for 2026 CAFD lies between $470 million and $510 million.
Clearway Energy’s projection for 2025 and 2026 Adjusted EBITDA lies in the range of $1,235-$1.255 billion and $1.441-$1.481 billion, respectively.
Ameresco (AMRC - Free Report) reported third-quarter 2025 operating earnings of 35 cents per share, which beat the Zacks Consensus Estimate of 26 cents by 34.6%.
AMRC’s long-term (three to five years) earnings growth rate is 25%. The Zacks Consensus Estimate for 2025 sales is pinned at $1.91 billion, implying a year-over-year increase of 7.7%.
Bloom Energy (BE - Free Report) reported third-quarter 2025 operating earnings of 15 cents per share, which beat the Zacks Consensus Estimate of 8 cents by 87.5%.
BE’s long-term earnings growth rate is 28.02%. The Zacks Consensus Estimate for 2025 sales is pinned at $649.1 million, implying a year-over-year increase of 13.4%
An Upcoming Release
BKV Corporation (BKV - Free Report) is scheduled to report third-quarter results on Nov. 10, before market open. The Zacks Consensus Estimate for earnings is pegged at 13 cents per share, which suggests a year-over-year increase of 148.15%.
The Zacks Consensus Estimate for 2025 sales is pinned at 907 million, which implies year-over-year growth of 56.1%.
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Clearway Energy Beats on Q3 Earnings & Sales, Narrows Guidance
Key Takeaways
Clearway Energy Inc. (CWEN - Free Report) recorded third-quarter 2025 earnings of $2.0 per share, which beat the Zacks Consensus Estimate of 32 cents by 525%. In the year-ago quarter, the company reported earnings of 31 cents per share.
CWEN’s Revenues
Total revenues of $429 million surpassed the Zacks Consensus Estimate of $422 million by 1.66%. However, the top line decreased 11.7% from the year-ago quarter’s figure of $486 million.
Clearway Energy, Inc. Price, Consensus and EPS Surprise
Clearway Energy, Inc. price-consensus-eps-surprise-chart | Clearway Energy, Inc. Quote
Highlights of CWEN’s Earnings Release
CWEN is well-positioned for long-term growth amid the rising demand from data centers. The company expects a significant increase in demand from data centers and is investing to strengthen its infrastructure and generation assets to meet the rising demand.
Adjusted EBITDA for the quarter totaled $385 million compared with $354 million in the year-ago period.
Total operating costs and expenses for the quarter were $317 million, up 2.9% from the year-ago figure of $308 million.
CWEN incurred interest expenses of $98 million compared with $139 million in the year-ago quarter.
Developments After Third-Quarter Close
During the final quarter of 2025, Clearway Group signed a 20-year PPA with an investment-grade utility for the 520 MW Royal Slope solar plus storage project located in Grant County, WA. The project is targeting a 2027 COD.
On Oct. 3, 2025, the company entered into a binding agreement to acquire a 613 MW operational solar portfolio located in eight states, from a third party.
CWEN’s Financial Position
Clearway Energy had cash and cash equivalents of $251 million as of Sept. 30, 2025, compared with $332 million as of Dec. 31, 2024.
Total liquidity as of Sept. 30, 2025, was $834 million compared with $1.33 billion recorded as of Dec. 31, 2024.
Long-term debt as of Sept. 30, 2025, amounted to $8.08 billion compared with $6.75 billion as of Dec. 31, 2024.
Net cash provided by operating activities in the first nine months of 2025 was $511 million compared with $578 million in the year-ago period.
CWEN’s Guidance
Clearway Energy’s new guidance for 2025 cash available for distribution (CAFD) lies between $420 million and $440 million compared with the previous range of $400-$440 million. The company is tightening the 2025 guided range toward the upper end of the initial outlook, supported by strong year-to-date performance and anticipated contributions from growth investments.
Clearway Energy’s guidance for 2026 CAFD lies between $470 million and $510 million.
Clearway Energy’s projection for 2025 and 2026 Adjusted EBITDA lies in the range of $1,235-$1.255 billion and $1.441-$1.481 billion, respectively.
CWEN’s Zacks Rank
CWEN currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
Recent Releases
Ameresco (AMRC - Free Report) reported third-quarter 2025 operating earnings of 35 cents per share, which beat the Zacks Consensus Estimate of 26 cents by 34.6%.
AMRC’s long-term (three to five years) earnings growth rate is 25%. The Zacks Consensus Estimate for 2025 sales is pinned at $1.91 billion, implying a year-over-year increase of 7.7%.
Bloom Energy (BE - Free Report) reported third-quarter 2025 operating earnings of 15 cents per share, which beat the Zacks Consensus Estimate of 8 cents by 87.5%.
BE’s long-term earnings growth rate is 28.02%. The Zacks Consensus Estimate for 2025 sales is pinned at $649.1 million, implying a year-over-year increase of 13.4%
An Upcoming Release
BKV Corporation (BKV - Free Report) is scheduled to report third-quarter results on Nov. 10, before market open. The Zacks Consensus Estimate for earnings is pegged at 13 cents per share, which suggests a year-over-year increase of 148.15%.
The Zacks Consensus Estimate for 2025 sales is pinned at 907 million, which implies year-over-year growth of 56.1%.