Clearway Energy Inc (N:CWEN)
Business Focus: Renewable IPPs
| 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 |
| Website: | investor.clearwayenergy.com |
| IR: | See website |
| Key People | ||
| Jonathan D. Bram Chairman of the Board | Craig Cornelius 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 nine months ended 30 September 2024, Clearway Energy Inc revenues increased 5% to $1.12B. Net income increased from $42M to $85M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net income benefited from Renewables segment income increase of 21% to $234M, Corporate segment loss decrease of 33% to $20M. Dividend per share increased from $1.15 to $1.23. |
| Employees: | 61 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $12,431M as of Sep 30, 2024 |
| Annual revenue (TTM): | $1,364M as of Sep 30, 2024 |
| EBITDA (TTM): | $1,019M as of Sep 30, 2024 |
| Net annual income (TTM): | $122.00M as of Sep 30, 2024 |
| Free cash flow (TTM): | $122.00M as of Sep 30, 2024 |
| Net Debt Last Fiscal Year: | $6,852M as of Sep 30, 2024 |
| Shares outstanding: | 202,146,005 as of Oct 28, 2024 |
| Index Membership: | S&P 600 Small Cap |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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