$31.760
-0.629 (-1.98%)At close
CWEN News
CWEN Events
Clearway Energy Files Automatic Mixed Securities Shelf
Clearway Energy files automatic mixed securities shelf
Clearway Energy Q2 Revenue $481M Beats Expectations
Reports Q2 revenue $481M, consensus $474.47M. "Since last quarter, we have completed two additional accretive revenue contracts in our Texas operating fleet, received a dropdown offer for Honeycomb Phase II, and our sponsor has secured over 2 GW of new contracts recently signed for the 2027-2030 COD vintages, further crystallizing our long-term financial objectives. We remain in a very solid position to continue to strive for the top end or better of our CAFD per share target for 2030 of $2.90 to $3.10, we have line of sight now to the potential for 5-8%+ growth beyond 2030 from our 2030 target baseline, and continue to have the ability to generate further potential upside across all of our growth pathways, including through our co-located digital infrastructure business as it takes shape. With the building blocks needed to fulfill our growth objectives increasingly in view, we are well positioned to maximize value for CWEN stockholders over the long term. While we are lowering our 2026 financial guidance due to factors outlined in our mid-July operational preview, our team is focused on maintaining our trademark operational excellence to uphold our historic track record of meeting our financial targets," said Craig Cornelius, Clearway Energy, Inc.'s President and Chief Executive Officer.
T1 Energy Signs Contract for 641MW Solar Modules with Clearway
T1 Energy (TE) announced this morning a contract to supply independent power producer Clearway Energy Group (CWEN) 641MW of solar modules built with domestic solar cells from T1's G2_Austin solar cell fab. The deal marks a continuation of T1's commercial strategy to offer customers a traceable and reliable solar supply chain. Leveraging its 5GW solar module facility, G1_Dallas, T1 offers integrated solutions that help clients optimize project schedules, financing, and returns. T1 continues to increase the domestic content of its modules, as domestic modules with domestic cells are highly valued given rising uncertainty around trade and tariff policy. As part of this strategy, T1 began construction of its G2_Austin solar cell fab in December 2025 and expects the first 2.1GW phase to be producing cells in Q1 2027. T1 expects to offer modules with greater than 60% domestic content in 2027.
Clearway Energy Executive Malcarney Retires, Brown to Succeed
Clearway Energy announced that effective June 1, Kevin P. Malcarney will retire from his position as Executive Vice President, General Counsel and Corporate Secretary.. Malcarney has served as General Counsel since May 2018, overseeing the Clearway Energy, legal and compliance teams and supporting governance and strategic initiatives. Clearway Energy, also announced effective June 1, that Michael A. Brown will succeed Malcarney as Senior Vice President, General Counsel and Corporate Secretary. Mr. Brown most recently has served as Vice President, Assistant General Counsel and Corporate Secretary at The New York Times Company since March 2023. Mr. Brown previously served as Deputy General Counsel and Assistant Corporate Secretary at Clearway Energy, Inc. from 2018 to 2021 and in senior legal roles supporting NRG Yield from 2014 to 2018. Malcarney will remain employed as a non-executive employee following the effective date through June 26, 2026, to ensure a smooth transition.
Clearway Energy Q1 Revenue $354M, Beats Expectations
Reports Q1 revenue $354M, consensus $340.75M. "Our diversified fleet remains on track to deliver on our financial guidance for the year. Looking further out, we have increased the total corporate capital investment opportunities we are targeting through 2029 by 20% since last November, demonstrating substantial progress and potential upside to the long-term financial objectives we have set for our business. This progress now increases our enterprise's total late-stage opportunity pipeline to 12.7 GW. With all these advancements, we are in a very solid position to continue to strive for the top end or better of our $2.90 to $3.10 CAFD per share target for 2030. We also continue to be optimistic about our ability to grow CAFD per share 5-8%+ in the years beyond 2030, including growing at the top end of that range in 2031 from our 2030 target baseline, with potential upside from the co-located digital infrastructure growth pathway. Finally, stockholder approval of a simplified share structure will now benefit all holders with a more liquid investment, greater attractiveness to a broader investor base, and additional flexibility to support our capital allocation strategy," said Craig Cornelius, Chief Executive Officer of Clearway Energy, Inc.
This page is for research only and is not investment advice. Models can be wrong. Past performance does not guarantee future results.