secwatch.observer — SEC 8-K summary
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Issuer:     Clearway Energy, Inc. (CWEN)
CIK:        0001567683
Form:       8-K
Filed at:   2024-02-22T23:59:59+00:00
Accession:  0001567683-24-000005
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Clearway Energy reports FY23 net loss of $14M, reaffirms 2024 CAFD guidance; dividend raised to $0.4033/qtr
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- Net loss of $14M for FY23 vs $1,060M income in FY22 (prior year included one-time gain from Thermal sale).
- Adjusted EBITDA $1,058M (down 8.8% YoY); CAFD $342M (up 4.9% YoY).
- Committed ~$215M in long-term corporate capital investments; acquired 252 MW Texas Solar Nova 1 for $23M.
- Reaffirms FY24 CAFD guidance of $395M; targets 5-8% annual dividend growth through 2026.
- Quarterly dividend increased 1.7% to $0.4033/share ($1.61 annualized), payable March 15, 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1567683/000156768324000005/0001567683-24-000005-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1567683/000156768324000005/cwen-20240222.htm
  HTML page:      https://secwatch.observer/filing/0001567683-24-000005

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