Clearway Energy Inc (N:CWEN)

Sector:  Utilities Industry:  Independent Power Producers
See Regulatory Filings on SEC
Company Contact
Address: 300 Carnegie Ctr Ste 300
PRINCETON NJ 08540-6255
Tel: N/A
IR: See website
Key People
Jonathan D. Bram
Chairman of the Board
Craig Cornelius
President, Chief Executive Officer, Director
Christopher S. Sotos
President, Chief Executive Officer, Director
Sarah Rubenstein
Chief Financial Officer, Executive Vice President
Kevin P. Malcarney
Executive Vice President, General Counsel, Company Secretary
Business Overview
Clearway Energy, Inc. is a renewable energy company. The Company invests in energy infrastructures and focuses on investments in clean energy and owns modern, sustainable and long-term contracted assets across North America. Its businesses are segregated based on conventional power generation and renewable businesses, which consist of solar, wind and energy storage. It owns approximately 6,200 net megawatts (MW) of installed wind, solar and energy storage projects. The Company's approximately 8,700 net MW of assets also includes approximately 2,500 net MW of natural gas-fired generation facilities. Its conventional projects include Carlsbad, El Segundo, GenConn Devon, GenConn Middletown, Marsh Landing and Walnut Creek. The Company's utility scale solar projects include Agua Caliente, Alpine, Avenal, Avra Valley, Blythe, Borrego, Buckthorn Solar, CVSR, Daggett 2, Daggett 3, Desert Sunlight 250, Kansas South, and others. Its wind projects include Black Rock, Buffalo Bear and Cedar Creek.
Financial Overview
For the three months ended 31 March 2024, Clearway Energy Inc revenues decreased 9% to $263M. Net loss totaled $2M vs. income of $0K. Revenues reflect Renewables segment decrease of 13% to $168M. Net loss reflects Renewables segment loss totaling $39M vs. income of $19M, Conventional Generation segment income decrease of 36% to $21M, Corporate segment loss increase of 10% to $11M. Dividend per share increased from $0.37 to $0.40.
Employees: 61 as of Dec 31, 2023
Reporting Currency: U.S. Dollars
Enterprise value: $12,879M as of Mar 31, 2024
Annual revenue (TTM): $1,289M as of Mar 31, 2024
EBITDA (TTM): $945.00M as of Mar 31, 2024
Net annual income (TTM): $77.00M as of Mar 31, 2024
Free cash flow (TTM): $143.00M as of Mar 31, 2024
Net Debt Last Fiscal Year: $7,666M as of Mar 31, 2024
Shares outstanding: 202,143,697 as of Apr 30, 2024
Index Membership: S&P 600 Small Cap
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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