earnings
confidence high
sentiment positive
materiality 0.75
Clearway Q1 net loss $104M but Adj EBITDA $252M; dividend up 1.7% to $0.4384
Clearway Energy, Inc.
- Net loss $104M vs $46M in Q1 2024; Adjusted EBITDA rose to $252M from $211M; CAFD $77M vs $52M.
- Renewables & Storage generation 4,481 GWh (+13% YoY); Flexible Generation availability 89.3% (86.3%).
- Acquired Tuolumne Wind (137 MW) for $61M; agreed to buy 100 MW CA solar for $120-125M, closing H2 2025.
- Mt. Storm repowering PPA with Microsoft; estimated $220-230M investment, $26-28M annual CAFD from 2028.
- Quarterly dividend raised 1.7% to $0.4384/share ($1.75 annualized); 2025 CAFD guidance reaffirmed $400-440M.