Clearway Energy Is Maintained at Buy by Roth Capital

Clearway Energy Inc. CWEN recorded third-quarter 2025 earnings of $2.0 per share, which beat the Zacks Consensus Estimate of 32 cents by 525%. In the year-ago quarter, the company reported earnings of 31 cents per share.

CWEN’s Revenues

Total revenues of $429 million surpassed the Zacks Consensus Estimate of $422 million by 1.66%. However, the top line decreased 11.7% from the year-ago quarter’s figure of $486 million.

Clearway Energy, Inc. Price, Consensus and EPS Surprise

Clearway Energy, Inc. price-consensus-eps-surprise-chart | Clearway Energy, Inc. Quote

Highlights of CWEN’s Earnings Release

CWEN is well-positioned for long-term growth amid the rising demand from data centers. The company expects a significant increase in demand from data centers and is investing to strengthen its infrastructure and generation assets to meet the rising demand.

Adjusted EBITDA for the quarter totaled $385 million compared with $354 million in the year-ago period.

Total operating costs and expenses for the quarter were $317 million, up 2.9% from the year-ago figure of $308 million. 

CWEN incurred interest expenses of $98 million compared with $139 million in the year-ago quarter.

Developments After Third-Quarter Close

During the final quarter of 2025, Clearway Group signed a 20-year PPA with an investment-grade utility for the 520 MW Royal Slope solar plus storage project located in Grant County, WA. The project is targeting a 2027 COD.

On Oct. 3, 2025, the company entered into a binding agreement to acquire a 613 MW operational solar portfolio located in eight states, from a third party.

CWEN’s Financial Position

Clearway Energy had cash and cash equivalents of $251 million as of Sept. 30, 2025, compared with $332 million as of Dec. 31, 2024.

Total liquidity as of Sept. 30, 2025, was $834 million compared with $1.33 billion recorded as of Dec. 31, 2024.

Long-term debt as of Sept. 30, 2025, amounted to $8.08 billion compared with $6.75 billion as of Dec. 31, 2024.

Net cash provided by operating activities in the first nine months of 2025 was $511 million compared with $578 million in the year-ago period.

CWEN’s Guidance

Clearway Energy’s new guidance for 2025 cash available for distribution (CAFD) lies between $420 million and $440 million compared with the previous range of $400-$440 million. The company is tightening the 2025 guided range toward the upper end of the initial outlook, supported by strong year-to-date performance and anticipated contributions from growth investments.

Clearway Energy’s guidance for 2026 CAFD lies between $470 million and $510 million.

Clearway Energy’s projection for 2025 and 2026 Adjusted EBITDA lies in the range of $1,235-$1.255 billion and $1.441-$1.481 billion, respectively.

CWEN’s Zacks Rank

CWEN currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

Recent Releases 

Ameresco AMRC reported third-quarter 2025 operating earnings of 35 cents per share, which beat the Zacks Consensus Estimate of 26 cents by 34.6%.

AMRC’s long-term (three to five years) earnings growth rate is 25%. The Zacks Consensus Estimate for 2025 sales is pinned at $1.91 billion, implying a year-over-year increase of 7.7%.

Bloom Energy BE reported third-quarter 2025 operating earnings of 15 cents per share, which beat the Zacks Consensus Estimate of 8 cents by 87.5%.

BE’s long-term earnings growth rate is 28.02%. The Zacks Consensus Estimate for 2025 sales is pinned at $649.1 million, implying a year-over-year increase of 13.4%

An Upcoming Release

BKV Corporation BKV is scheduled to report third-quarter results on Nov. 10, before market open. The Zacks Consensus Estimate for earnings is pegged at 13 cents per share, which suggests a year-over-year increase of 148.15%.

The Zacks Consensus Estimate for 2025 sales is pinned at 907 million, which implies year-over-year growth of 56.1%.

This article originally published on Zacks Investment Research (zacks.com).

Zacks Investment Research

Strong Q3 and YTD 2025 results support narrowed CAFD guidance to $420-440M and a raised 2027 CAFD per share target of $2.70 or better. Robust pipeline, successful M&A, and disciplined capital allocation underpin a new 2030 CAFD per share target of $2.90-3.10, driven by data center demand.

Original document: Clearway Energy, Inc. [CWEN] Slides Release — Nov. 4 2025

Q3 2025 saw higher net income and adjusted EBITDA year-over-year, driven by lower taxes and growth investments. Guidance for 2025 CAFD was narrowed, and a robust pipeline of over 2 GW in new projects supports strong 2026/2027 outlook.

Original document: Clearway Energy, Inc. [CWEN] SEC 8-K Current Report — Nov. 4 2025

Q3 2025 saw net income rise to $236M and EPS to $2.00, despite a revenue dip to $429M. Portfolio growth was driven by major solar, wind, and BESS acquisitions, while liquidity remained strong at $834M. Regulatory and market risks persist, but dividend growth and new investments are expected to continue.

Original document: Clearway Energy, Inc. [CWEN] SEC 10-Q Quarterly Report — Nov. 4 2025

Q3 results showed strong Adjusted EBITDA and CAFD, leading to narrowed 2025 guidance and a robust 2030 CAFD per share target of $2.90-$3.10. Growth is underpinned by a large pipeline, data center demand, and disciplined capital allocation, with repowerings and dropdowns driving future performance.

Based on Clearway Energy, Inc. [CWEN] Q3 2025 Audio Transcript — Nov. 4 2025

(14:53 GMT) Clearway Energy Price Target Raised to $37.00/Share From $35.00 by CIBC