earnings
confidence high
sentiment positive
materiality 0.65
Clearway Energy Q2 CAFD $187M, up 36% YoY; reaffirms FY guidance, dividend raised 1.7%
Clearway Energy, Inc.
- Net Income $4M versus $84M year ago; Adjusted EBITDA $353M (+12% YoY).
- CAFD $187M, up from $137M in Q2 2023; 2024 CAFD guidance reaffirmed at $395M.
- Quarterly dividend increased 1.7% to $0.4171/share ($1.6684 annualized); target 5-8% CAGR through 2026.
- Committed $143M for 314 MW solar+storage investments (Luna Valley 200 MW solar & Daggett 1 114 MW BESS).
- Received offer for ~$155M investment in 500 MW Pine Forest solar+storage project.