Clearway Energy, Inc. ( ($CWEN.A) ) has released its Q1 earnings. Here is a breakdown of the information Clearway Energy, Inc. presented to its investors.
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Clearway Energy, Inc. is a leading U.S. company in the clean energy sector, specializing in wind, solar, and battery energy storage systems, as well as flexible dispatchable power generation. The company is known for its commitment to providing stable and growing dividend income through its diversified and primarily contracted clean energy portfolio.
In its first quarter of 2025 financial results, Clearway Energy, Inc. reported a net loss of $104 million, but demonstrated strong operational performance with increased availability and capacity factors across all segments. The company also highlighted its ongoing growth initiatives, including a repowering program and strategic acquisitions.
Key financial metrics for the quarter included an adjusted EBITDA of $252 million and cash available for distribution (CAFD) of $77 million, both showing improvements from the previous year. The company also increased its quarterly dividend by 1.7% to $0.4384 per share. Strategic moves included the acquisition of a 100 MW solar project in California and the completion of the Tuolumne Wind acquisition.
Looking ahead, Clearway Energy remains confident in its growth trajectory, reaffirming its 2025 financial guidance and continuing to invest in repowering projects and new acquisitions. The company is on track to meet its long-term financial targets, aiming for a CAFD per share target of $2.40 to $2.60 by 2027.