CWEN

Clearway Energy Inc. CWEN reported second-quarter 2026 earnings of $1 per share, which surpassed the Zacks Consensus Estimate of 24 cents by 316.7%. The bottom line also increased substantially from 28 cents reported in the year-ago quarter. Operating revenues totaled $481 million, which beat the consensus estimate of $475 million by 1.3%. The top line increased 22.7% from $392 million recorded in the prior-year quarter. Clearway Energy, Inc. price-consensus-eps-surprise-chart | Clearway Energy, Inc. Quote Adjusted EBITDA rose 19.2% to $409 million from $343 million.Total operating costs and expenses increased 18.9% to $365 million from $307 million in the prior-year quarter.The cost of operations jumped to $149 million from $131 million. Depreciation, amortization and accretion expenses increased to $196 million from $163 million, while general and administrative expenses advanced to $15 million from $11 million.Interest expense increased 26.5% year over year to $105 million. Operating income rose 36.5% year over year to $116 million. Flexible Generation generated net income of $22 million compared to a net loss of $11 million in the prior-year quarter. However, adjusted EBITDA declined to $49 million from $52 million.Renewables & Storage reported net income of $55 million compared with $63 million a year earlier. Adjusted EBITDA increased 24% to $372 million from $300 million.Corporate recorded a net loss of $47 million compared with a loss of $40 million. Its adjusted EBITDA loss widened to $12 million from $9 million. Renewables & Storage generation increased 15.5% year over year to 6.87 million megawatt-hours.Solar generation rose 28% to 3.59 million megawatt-hours, while wind generation improved 4.4% to 3.28 million megawatt-hours. Clearway Energy’s sponsor offered the company the opportunity to invest in Honeycomb Phase II, a 210-megawatt (MW) energy-storage portfolio in Utah expected to begin commercial operations in 2027. The potential corporate capital commitment is estimated at approximately $110 million.The company also highlighted the 975 MW Chimney Canyon solar and battery-storage project in Arizona. Clearway Energy estimates that its potential investment could total roughly $350 million, subject to a future dropdown offer and approval.The company completed power purchase agreement restructurings for the Elbow Creek and Langford wind facilities. Clearway Energy had cash and cash equivalents of $251 million as of June 30, 2026 compared with $231 million as of Dec. 31, 2025.Total liquidity as of June 30, 2026 was $0.99 billion compared with $1.06 billion recorded as of Dec. 31, 2025.Long-term debt as of June 30, 2026 amounted to $8.49 billion compared with $7.9 billion as of Dec. 31, 2025.Net cash provided by operating activities in the first six months of 2026 was $615 million compared with $286 million in the year-ago period. Clearway Energy reduced its full-year 2026 cash available for distribution (CAFD) guidance to $430-$470 million from the prior range of $470-$510 million.Adjusted EBITDA is now expected between $1.39 billion and $1.43 billion, down from the previous range of $1.44-$1.48 billion. Cash from operating activities is projected between $956 million and $996 million.The company projects CAFD to lie in the range of $2.90-$3.10 per share for the period, reiterating 2030. CWEN currently has a Zacks Rank #4 (Sell).You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Ormat Technologies Inc. ORA reported second-quarter 2026 adjusted earnings per share of 50 cents, which beat the Zacks Consensus Estimate of 29 cents by 72.4%. The bottom line also increased 4.2% from 48 cents in the year-ago quarter. ORA generated revenues of $258.8 million, which topped the Zacks Consensus Estimate of $236 million by 9.7%. The top line also improved 10.6% year over year.National Fuel Gas Company NFG reported third-quarter fiscal 2026 adjusted earnings of $1.54 per share, which beat the Zacks Consensus Estimate of $1.47 by 4.8%. However, earnings declined 6.1% from $1.64 in the year-ago quarter.NFG reported sales of $537.5 million, which missed the consensus estimate of $564 million by 4.7%. However, the top line increased 1.1% from the prior-year recorded figure of $531.8 million.CNX Resources Corporation CNX reported second-quarter 2026 operating earnings of 72 cents per share, beating the Zacks Consensus Estimate of 57 cents by 26.3%. The bottom line increased 22% from the year-ago quarter’s 59 cents.The company reported revenues of $389 million, which missed the Zacks Consensus Estimate of $413 million by 5.8%. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Clearway Energy, Inc. (CWEN) : Free Stock Analysis Report CNX Resources Corporation. (CNX) : Free Stock Analysis Report National Fuel Gas Company (NFG) : Free Stock Analysis Report Ormat Technologies, Inc. (ORA) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Interested in Clearway Energy, Inc.? Here are five stocks we like better. 2026 CAFD guidance was lowered to $430 million–$470 million from $470 million–$510 million because of weaker wind and renewable resources, not operational underperformance. Second-quarter adjusted EBITDA was $409 million and CAFD was $167 million. Clearway reaffirmed its 2027 CAFD-per-share target of $2.70 or better and continues targeting 7%–8% or more annual CAFD-per-share growth through 2030. Management sees roughly $3 billion of corporate capital deployment opportunities from 2026–2029. Digital infrastructure is a potential upside opportunity beyond current targets, with more than 17 gigawatts of co-located generation under development and initial projects expected to serve data-center demand beginning around 2029. 5 Alternative Energy Stocks Riding the AI Power Crunch Clearway Energy (NYSE:CWEN) reaffirmed its 2027 cash available for distribution, or CAFD, per-share target of $2.70 or better while lowering its 2026 CAFD guidance after weaker wind resources affected first-half results. For the second quarter, the company reported adjusted EBITDA of $409 million and CAFD of $167 million. Year-to-date adjusted EBITDA totaled $666 million, while CAFD was $237 million, according to Chief Financial Officer Sarah Rubenstein. → 3 Drone Stocks That Should Soar After the Summer Slump Clearway Energy’s Price Dip: 3 Reasons It’s a Signal to Buy Clearway revised its full-year 2026 CAFD guidance to a range of $430 million to $470 million, down from its previous outlook of $470 million to $510 million. Rubenstein said the reduction was driven by renewable resource conditions rather than operational performance. “Our flexible generation segment delivered solid execution in line with budgeted expectations,” Rubenstein said. Solar and battery results were affected by lower resource and realized revenues, while the wind fleet experienced below-typical wind at both Alta and the company’s ERCOT assets. → Meta’s Earnings Drop Shows Wall Street Wants More Than Ad Growth 3 Utilities Stocks With Big Earnings, Balanced Risk The revised guidance midpoint incorporates lower-than-P50 production assumptions for the second half, particularly at Alta and in ERCOT, Chief Executive Officer Craig Cornelius said. The low end assumes the El Niño-Southern Oscillation-related weather pattern persists through the remainder of the year. Cornelius said fleet controllable performance remained strong and management is aiming to finish in the upper half of the revised range. Despite the 2026 guidance reduction, management said it remains confident in the underlying earnings power of the operating fleet and its longer-term growth plan. Clearway is targeting CAFD-per-share growth of 7% to 8% or more from 2025 through 2030 at the top end of its stated range. → Jersey Mike's Serves Fresh Gains After IPO Stumble Cornelius said the company now has greater visibility into a potential $3 billion of corporate capital deployment between 2026 and 2029. Approximately 70% of the investment needed to reach the top end or better of its 2030 target is already commercialized and in view, he said. The company has identified more than $2 billion of growth investments across its 2027 through 2029 completion vintages. Its 2028 opportunity set includes more than 2 gigawatts of late-stage projects with signed or awarded contracts, including Swan Solar, Catamount, and Wildflower 2 and 3 solar-plus-storage projects. Construction mobilization for those projects is planned for the first half of 2027. For the 2029 vintage, Clearway cited roughly 2 gigawatts of late-stage solar-plus-storage projects representing about $650 million of potential corporate capital investment. The company also said it has more development projects than the approximately 2.7 gigawatts it would need to build in that year to exceed the high end of its 2030 targets. Management plans to update its five-year CAFD-per-share growth and capital-allocation targets on its third-quarter earnings call, when it expects to extend the outlook into 2031. Clearway completed long-term power purchase agreement transactions for all three ERCOT wind projects it set out to enhance. The agreements extend contracted terms for more than 600 megawatts beyond 2040, increase projected EBITDA and CAFD, and improve cash-flow visibility, Cornelius said. The company continues to expect to deploy about $600 million into its repowering program, targeting CAFD yields of 11% to 12%. Cornelius said PPA restructurings at the Elbow Creek and Langford wind projects are expected to be accretive to EBITDA and CAFD beginning in their first month of effectiveness, even after financing obligations associated with prior hedge settlements. Rubenstein said Clearway expects retained cash flow to contribute more than $500 million of funding between 2026 and 2029 as it works toward a long-term payout ratio below 70%. The company expects to raise more than $1.5 billion in corporate debt over that period, including $600 million already raised, while maintaining a targeted corporate leverage ratio of four to four-and-a-half times in support of a BB credit rating. External equity is expected to contribute roughly $500 million to $1 billion from 2026 through 2029, including $50 million raised to date. Rubenstein said the company intends to issue equity only when it is demonstrably accretive and can be done in ways that limit market impact. Clearway Energy Group is developing co-located digital infrastructure complexes that management described as an additional opportunity beyond its core growth targets. The pipeline includes more than 17 gigawatts of co-located generation under development, with more than 6 gigawatts at MISO South and Wyoming complexes included in the group’s reported pipeline. The company is targeting completion of the first phases of generation capacity at these complexes in 2029. Cornelius said the Wyoming complex’s first generation is still expected at the end of 2028, while the 2029-2030 timeline reflects when the project could first serve data-center load. Management said digital infrastructure investments are not included in the company’s current 2030 targets and would likely be considered for Clearway Energy as projects become sufficiently commercialized. Cornelius said the company expects these projects to feature 20- to 25-year contracts and risk-adjusted returns similar to renewable, battery and natural-gas tolling assets in its core portfolio. Clearway also said it continues to see a robust market for projects that can be completed within roughly 36 to 48 months and have established interconnection positions and permitting paths. Cornelius said the company has more than 8 gigawatts of contracted or awarded projects year to date, including commercial and industrial customers, though he said hyperscalers generally show the highest willingness to pay in markets where direct sales are possible. On third-party acquisitions, Cornelius said Clearway’s organic development pipeline is sufficient to achieve its long-term goals. The company is currently focused on integrating and improving assets acquired last year rather than relying on additional project M&A for growth. Clearway Energy Group (NYSE: CWEN) is a U.S.-based energy company specializing in the ownership, operation and development of clean and conventional power generation assets. The company's portfolio spans utility-scale wind and solar farms, biogas and natural gas-fired thermal facilities, as well as distributed generation projects such as rooftop solar and energy storage. Clearway's generation assets are largely underpinned by long-term power purchase agreements and service contracts with creditworthy counterparties, enabling stable, predictable cash flows. Originally launched in 2013 as NRG Yield and rebranded to Clearway Energy in 2018 following a strategic sponsorship change, the business has grown into one of the largest independent renewable energy platforms in the United States. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. The article "Clearway Energy Q2 Earnings Call Highlights" was originally published by MarketBeat. View MarketBeat's top stocks for August 2026.

Fleet Enhancement program advancing with all repowerings for 2026/2027 on schedule and Texas fleet contract enhancements now complete Sponsor-enabled growth program accelerating with late-stage pipeline now at 13.5 GW, Honeycomb Phase II now offered, and over 2 GW of new contracts recently signed for the 2027-2030 COD vintages Adjusting 2026 Financial Guidance PRINCETON, N.J., Aug. 05, 2026 (GLOBE NEWSWIRE) -- Clearway Energy, Inc. (NYSE: CWEN) today reported second quarter 2026 financial results, including Net Income of $30 million, Adjusted EBITDA of $409 million, Cash from Operating Activities of $214 million, and Cash Available for Distribution (CAFD) of $167 million. "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. Adjusted EBITDA and Cash Available for Distribution used in this press release are non-GAAP measures and are explained in greater detail under “Non-GAAP Financial Information” below. Overview of Financial and Operating Results Segment Results Table 1: Net Income/(Loss) Table 2: Adjusted EBITDA Table 3: Cash from Operating Activities and Cash Available for Distribution (CAFD) For the second quarter of 2026, the Company reported Net Income of $30 million, Adjusted EBITDA of $409 million, Cash from Operating Activities of $214 million, and CAFD of $167 million. Net Income increased versus the second quarter of 2025 primarily due to changes in mark-to-market for economic hedges. Adjusted EBITDA results in the second quarter of 2026 were higher than the second quarter of 2025 due to the contribution of growth investments. CAFD results in the second quarter of 2026 were higher than the second quarter of 2025 primarily due to higher EBITDA. Operational Performance Table 4: Selected Operating Results1 In the second quarter of 2026, availability at the Flexible Generation segment was higher than the second quarter of 2025 primarily due to strong operational execution. Generation in the Renewables & Storage segment during the second quarter of 2026 was 16% higher than the second quarter of 2025 primarily due to the contribution of growth investments. Liquidity and Capital Resources Table 5: Liquidity Total liquidity as of June 30, 2026, was $985 million, which was $76 million lower than as of December 31, 2025, primarily due to the execution of growth investments. As of June 30, 2026, the Company’s liquidity included $292 million of restricted cash. Restricted cash consists primarily of funds to satisfy the requirements of certain debt arrangements and funds held within the Company’s projects that are restricted in their use. As of June 30, 2026, these restricted funds were comprised of $130 million designated to fund operating expenses, approximately $40 million designated for current debt service payments, and $90 million of reserves for debt service, performance obligations and other items including capital expenditures. The remaining $32 million is held in distribution reserve accounts. As of June 30, 2026, the Company had $60 million in outstanding borrowings under its revolving credit facility and $198 million in letters of credit outstanding. During July 2026, the Company borrowed an additional $45 million under the revolving credit facility and subsequently repaid $50 million. As of July 31, 2026, the Company had $55 million in outstanding borrowings under the revolving credit facility. The facility will continue to be used for general corporate purposes including financing of future investments or acquisitions and posting letters of credit. Potential future sources of liquidity include excess operating cash flow, availability under the revolving credit facility, asset dispositions, and, subject to market conditions, new corporate debt and equity financings. Growth Investments and Strategic Announcements Honeycomb Phase II Offer In the third quarter of 2026, Clearway Group offered the Company the opportunity to enter into partnership arrangements to own cash equity interests in a 210 MW storage portfolio located in Utah that is expected to reach commercial operations in 2027. The portfolio has been awarded long-term contracts with an investment grade utility and the potential corporate capital commitment for the investment is expected to be approximately $110 million. The investment is subject to negotiation with Clearway Group, and the review and approval by the Company’s Independent Directors. Chimney Canyon Project In the third quarter of 2026, Clearway Group announced a long-term PPA with an investment grade utility for Chimney Canyon, a 975 MW solar plus BESS project in Arizona expected to achieve commercial operations in 2029. The Company estimates that its total potential corporate capital investment could be approximately $350 million. An investment decision for the project would be subject to receipt of a potential future dropdown offer from Clearway Group, negotiation of such dropdown offer, and the review and approval by the Company’s Independent Directors. Elbow Creek Wind PPA restructuring On June 25, 2026, the Company restructured its existing energy-related commodity contract associated with the Elbow Creek wind facility, which resulted in an in-substance financing to settle existing derivative liabilities over time. In connection with the restructuring, the Company also entered into a 15-year PPA with a commercial counterparty, which replaces the volumetric and price exposure of Elbow Creek’s energy-related commodity contract with more favorable pricing. Langford Wind PPA restructuring On June 10, 2026, the Company restructured its existing energy-related commodity contract associated with the Langford wind facility, which resulted in an in-substance financing to settle existing derivative liabilities over time. In connection with the restructuring, the Company also entered into a 15-year PPA with an investment-grade counterparty, which replaces the volumetric and price exposure of Langford’s energy-related commodity contract with more favorable pricing. Quarterly Dividend On August 4, 2026, Clearway Energy, Inc.’s Board of Directors declared a quarterly dividend on the Company’s Class C common stock of $0.4750 per share payable on September 15, 2026, to stockholders of record as of September 1, 2026. Seasonality Clearway Energy, Inc.’s quarterly operating results are impacted by seasonal factors, as well as weather variability, which can impact renewable energy resource throughout the year. Most of the Company's revenues are generated from the months of May through September, as contracted pricing and renewable resources are at their highest levels in the Company’s portfolio. Factors driving the fluctuation in Net Income, Adjusted EBITDA, Cash from Operating Activities, and CAFD include the following: Higher summer capacity and energy prices from flexible generation assets; Higher solar insolation during the summer months; Higher wind resources during the spring and summer months; Renewable energy resource throughout the year; Debt service payments which are made either quarterly or semi-annually; Timing of maintenance capital expenditures and the impact of both unforced and forced outages; and Timing of distributions from unconsolidated affiliates; The Company takes into consideration the timing of these factors to ensure sufficient funds are available for distributions and operating activities on a quarterly basis. Financial Guidance The Company is revising its 2026 full year CAFD guidance to a range of $430 million to $470 million. The midpoint of the 2026 financial guidance range is based on updated renewable energy production estimates for the remainder of the year, while the range reflects a range of potential distributions of outcomes on resource and performance. The guidance range also factors in completing committed growth investments on currently forecasted schedules. Earnings Conference Call On August 5, 2026, Clearway Energy, Inc. will host a conference call at 5:00 p.m. Eastern to discuss these results. Investors, the news media and others may access the live webcast of the conference call and accompanying presentation materials by logging on to Clearway Energy, Inc.’s website at http://www.clearwayenergy.com and clicking on “Presentations & Webcasts” under “Investor Relations.” About Clearway Energy, Inc. Clearway Energy, Inc. is one of the largest owners of clean energy generation assets in the US and is leading the transition to a world powered by clean energy. Our portfolio comprises approximately 13.9 GW of gross capacity in 27 states, including 11.1 GW of wind, solar, and energy storage and over 2.8 GW of dispatchable power generation providing critical grid reliability services. Through our diversified and primarily contracted clean energy portfolio, Clearway Energy endeavors to provide its investors with stable and growing dividend income. Clearway Energy, Inc.’s common stock is traded on the New York Stock Exchange under the symbol CWEN. Clearway Energy, Inc. is sponsored by its controlling investor, Clearway Energy Group LLC. For more information, visit investor.clearwayenergy.com. Safe Harbor Disclosure This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements are subject to certain risks, uncertainties and assumptions, and typically can be identified by the use of words such as “expect,” “estimate,” "target," “anticipate,” “forecast,” “plan,” “outlook,” “believe” and similar terms. Such forward-looking statements include, but are not limited to, statements regarding Clearway Energy, Inc.’s (the “Company’s”) dividend expectations and its operations, its facilities and its financial results, statements regarding the likelihood, terms, timing and/or consummation of the transactions described in this news release, the potential benefits, opportunities, and results with respect to the transactions, including the Company’s future relationship and arrangements with Global Infrastructure Partners, TotalEnergies, and Clearway Energy Group (collectively and together with their affiliates, “Related Persons”), as well as the Company's Net Income, Adjusted EBITDA, Cash from Operating Activities, Cash Available for Distribution, the Company’s future revenues, income, indebtedness, capital structure, strategy, plans, expectations, objectives, projected financial performance and/or business results and other future events, and views of economic and market conditions.​ Although the Company believes that the expectations are reasonable at this time, it can give no assurance that these expectations will prove to be correct, and actual results may vary materially. Factors that could cause actual results to differ materially from those contemplated in this news release include, among others, the Company's ability to maintain and grow its quarterly dividend; potential risks relating to the Company's relationships with Clearway Energy Group and its owners; the Company’s ability to successfully identify, evaluate and consummate investment opportunities, as well as acquisitions from, and dispositions to, third parties; risks related to the Company's ability to acquire assets, including risks that offered or committed transactions from Related Persons may not be approved, on the terms proposed or otherwise, by the Corporate Governance, Conflicts, and Nominating Committee of the Company’s Board of Directors (the “GCN”), or if approved, timely consummated; the Company’s ability to borrow additional funds and access capital markets due to its indebtedness, corporate structure, market conditions or otherwise; the Company’s substantial indebtedness and the possibility that the Company may incur additional indebtedness going forward; changes in law, including judicial decisions; hazards customary to the power production industry and power generation operations, such as fuel and electricity price volatility, unusual weather conditions (including wind and solar conditions), catastrophic weather-related or other damage to facilities, unscheduled generation outages, maintenance or repairs, unanticipated changes to fuel supply costs or availability due to higher demand, shortages, transportation problems or other developments, environmental incidents, or electric transmission or gas pipeline system constraints and the possibility that the Company may not have adequate insurance to cover losses as a result of such hazards; the Company’s ability to operate its businesses efficiently, manage maintenance capital expenditures and costs effectively, and generate earnings and cash flows from its asset-based businesses in relation to its debt and other obligations; the willingness and ability of counterparties to the Company’s offtake agreements to fulfill their obligations under such agreements; the Company's ability to enter into contracts to sell power and procure fuel on acceptable terms and prices; government regulations, including compliance with regulatory requirements and changes in market rules, rates, tariffs and environmental laws; operating and financial restrictions placed on the Company that are contained in the facility-level debt facilities and other agreements of the Company and its subsidiaries; and cyber terrorism and inadequate cybersecurity, or the occurrence of a catastrophic loss and the possibility that the Company may not have adequate insurance to cover losses resulting from such hazards or the inability of the Company’s insurers to provide coverage. Furthermore, any dividends are subject to available capital, market conditions, and compliance with associated laws and regulations.​ In addition, this news release contains reference to certain offered and committed transactions with Related Persons, which transactions are subject to the review, negotiation and approval of the GCN. Transactions referred to as “offered” (or any variation thereof) have been presented to the Company by the Related Persons, but the terms remain subject to review and negotiation by the GCN. Transactions may have been recently offered or undergone more extensive negotiations. Unless otherwise noted, no assumptions should be made with respect to the stage of negotiation of an offered transaction, nor should any assumptions be made that any offered transaction will be approved, committed or ultimately consummated on the terms described herein or at all. Transactions referred to as “committed” or “signed” (or any variation thereof) represent transactions which have been approved by the GCN and for which definitive agreements have been delivered; however, such transactions have not yet been consummated and remain subject to various risks and uncertainties (including financing, third party consents and arrangements and regulatory approvals). The Company provides information regarding offered and committed transactions believing that such information is useful to an understanding of the Company’s business and operations; however, given the uncertainty of such transactions, undue reliance should not be placed on any expectations regarding such transactions and the Company can give no assurance that such expectations will prove to be correct, as actual results may vary materially. Forward-looking statements speak only as of the date they were made, and the Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. The Cash Available for Distribution are estimates as of today’s date, August 5, 2026, and are based on assumptions believed to be reasonable as of this date. The Company expressly disclaims any current intention to update such guidance. The foregoing review of factors that could cause The Company's actual results to differ materially from those contemplated in the forward-looking statements included in this news release should not be construed as exhaustive and should be considered in connection with information regarding risks and uncertainties that may affect the Company's future results included in The Company's filings with the Securities and Exchange Commission at www.sec.gov. In addition, The Company makes available free of charge at www.clearwayenergy.com, copies of materials it files with, or furnishes to, the Securities and Exchange Commission. Contacts: Appendix Table A-1: Three Months Ended June 30, 2026, Segment Adjusted EBITDA ReconciliationThe following table summarizes the calculation of Adjusted EBITDA and provides a reconciliation to Net Income/(Loss): Appendix Table A-2: Three Months Ended June 30, 2025, Segment Adjusted EBITDA ReconciliationThe following table summarizes the calculation of Adjusted EBITDA and provides a reconciliation to Net Income/(Loss): Appendix Table A-3: Six Months Ended June 30, 2026, Segment Adjusted EBITDA Reconciliation The following table summarizes the calculation of Adjusted EBITDA and provides a reconciliation to Net Income/(Loss): Appendix Table A-4: Six Months Ended June 30, 2025, Segment Adjusted EBITDA ReconciliationThe following table summarizes the calculation of Adjusted EBITDA and provides a reconciliation to Net Income/(Loss): Appendix Table A-5: Cash Available for Distribution ReconciliationThe following table summarizes the calculation of Cash Available for Distribution and provides a reconciliation to Cash from Operating Activities: Appendix Table A-6: Six Months Ended June 30, 2026, Sources and Uses of LiquidityThe following table summarizes the sources and uses of liquidity in 2026: Appendix Table A-7: Adjusted EBITDA and Cash Available for Distribution Guidance Non-GAAP Financial Information EBITDA and Adjusted EBITDA EBITDA, Adjusted EBITDA, and Cash Available for Distribution (CAFD) are non-GAAP financial measures. These measurements are not recognized in accordance with GAAP and should not be viewed as an alternative to GAAP measures of performance. The presentation of non-GAAP financial measures should not be construed as an inference that Clearway Energy’s future results will be unaffected by unusual or non-recurring items. EBITDA represents net income before interest (including loss on debt extinguishment), taxes, depreciation and amortization. EBITDA is presented because Clearway Energy considers it an important supplemental measure of its performance and believes debt and equity holders frequently use EBITDA to analyze operating performance and debt service capacity. EBITDA has limitations as an analytical tool, and you should not consider it in isolation, or as a substitute for analysis of our operating results as reported under GAAP. Some of these limitations are: EBITDA does not reflect cash expenditures, or future requirements for capital expenditures, or contractual commitments; EBITDA does not reflect changes in, or cash requirements for, working capital needs; EBITDA does not reflect the significant interest expense, or the cash requirements necessary to service interest or principal payments, on debt or cash income tax payments; Although depreciation and amortization are non-cash charges, the assets being depreciated and amortized will often have to be replaced in the future, and EBITDA does not reflect any cash requirements for such replacements; and Other companies in this industry may calculate EBITDA differently than Clearway Energy does, limiting its usefulness as a comparative measure. Because of these limitations, EBITDA should not be considered as a measure of discretionary cash available to use to invest in the growth of Clearway Energy’s business. Clearway Energy compensates for these limitations by relying primarily on our GAAP results and using EBITDA and Adjusted EBITDA only supplementally. See the statements of cash flow included in the financial statements that are a part of this news release. Adjusted EBITDA is presented as a further supplemental measure of operating performance. Adjusted EBITDA represents EBITDA adjusted for mark-to-market gains or losses, non-cash equity compensation expense, asset write offs and impairments; and factors which we do not consider indicative of future operating performance such as transition and integration related costs. The reader is encouraged to evaluate each adjustment and the reasons Clearway Energy considers it appropriate for supplemental analysis. As an analytical tool, Adjusted EBITDA is subject to all of the limitations applicable to EBITDA. In addition, in evaluating Adjusted EBITDA, the reader should be aware that in the future Clearway Energy may incur expenses similar to the adjustments in this news release. Management believes Adjusted EBITDA is useful to investors and other users of our financial statements in evaluating our operating performance because it provides them with an additional tool to compare business performance across companies and across periods. This measure is widely used by investors to measure a company’s operating performance without regard to items such as interest expense, taxes, depreciation and amortization, which can vary substantially from company to company depending upon accounting methods and book value of assets, capital structure and the method by which assets were acquired. Additionally, Management believes that investors commonly adjust EBITDA information to eliminate the effect of restructuring and other expenses, which vary widely from company to company and impair comparability. As we define it, Adjusted EBITDA represents EBITDA adjusted for the effects of impairment losses, gains or losses on sales, non-cash equity compensation expense, dispositions or retirements of assets, any mark-to-market gains or losses from accounting for derivatives, adjustments to exclude gains or losses on the repurchase, modification or extinguishment of debt, and any extraordinary, unusual or non-recurring items plus adjustments to reflect the Adjusted EBITDA from our unconsolidated investments. We adjust for these items in our Adjusted EBITDA as our management believes that these items would distort their ability to efficiently view and assess our core operating trends. In summary, our management uses Adjusted EBITDA as a measure of operating performance to assist in comparing performance from period to period on a consistent basis and to readily view operating trends, as a measure for planning and forecasting overall expectations and for evaluating actual results against such expectations, and in communications with our Board of Directors, shareholders, creditors, analysts and investors concerning our financial performance. Where references are pro forma, forward-looking, preliminary or prospective in nature, and not based on historical fact, the table set forth above does not provide a reconciliation. The Company could not provide such reconciliation without undue hardship because such EBITDA and Adjusted EBITDA numbers are estimations, approximations and/or ranges. In addition, it would be difficult for the Company to present a detailed reconciliation on account of many unknown variables for the reconciling items, including EBITDA. For the same reasons, the Company is unable to address the probable significance of the unavailable information, which could be material to future results. Cash Available for Distribution A non-GAAP measure, Cash Available for Distribution, or CAFD, is defined as of June 30, 2026 as Adjusted EBITDA plus cash distributions/return of investment from unconsolidated affiliates, cash receipts from notes receivable, cash distributions from noncontrolling interests, adjustments to reflect sales-type lease cash payments and payments for lease expenses, less cash distributions to noncontrolling interests, maintenance capital expenditures, pro-rata Adjusted EBITDA from unconsolidated affiliates, cash interest paid, income taxes paid, principal amortization of indebtedness, changes in prepaid and accrued capacity payments, and adjusted for development expenses. Management believes CAFD is a relevant supplemental measure of the Company’s ability to earn and distribute cash returns to investors. We believe CAFD is useful to investors in evaluating our operating performance because securities analysts and other interested parties use such calculations as a measure of our ability to make quarterly distributions. In addition, CAFD is used by our management team for determining future acquisitions and managing our growth. The GAAP measure most directly comparable to CAFD is cash provided by operating activities. However, CAFD has limitations as an analytical tool because it does not include changes in operating assets and liabilities and excludes the effect of certain other cash flow items, all of which could have a material effect on our financial condition and results from operations. CAFD is a non-GAAP measure and should not be considered an alternative to cash provided by operating activities or any other performance or liquidity measure determined in accordance with GAAP, nor is it indicative of funds available to fund our cash needs. In addition, our calculations of CAFD are not necessarily comparable to CAFD as calculated by other companies. Investors should not rely on these measures as a substitute for any GAAP measure, including cash provided by operating activities. Where references are pro forma, forward-looking, preliminary or prospective in nature, and not based on historical fact, the table set forth above does not provide a reconciliation. The Company could not provide such reconciliation without undue hardship because such EBITDA and Adjusted EBITDA numbers are estimations, approximations and/or ranges. In addition, it would be difficult for the Company to present a detailed reconciliation on account of many unknown variables for the reconciling items, including EBITDA. For the same reasons, the Company is unable to address the probable significance of the unavailable information, which could be material to future results. 1 Excludes equity method investments 2 MWh generated/sold includes 651 and 354 MWh (in thousands) associated with curtailment activities for the three months ended June 30, 2026 and 2025, respectively, and 1,027 and 790 for the six months ended June 30, 2026 and 2025, respectively. 3 2026 excludes $279 million of proceeds from tax credit transfers related to Pine Forest, which were primarily used to repay bridge loans. 4 2026 excludes $71 million of net distributions primarily related to Goat Mountain, Honeycomb, Pine Forest and Rosamond South I; 2025 excludes $369 million of net contributions related to Dan’s Mountain, Pine Forest and Rosamond South I. 5 2026 excludes $482 million primarily for the repayment of bridge loans in connection with Honeycomb and Pine Forest; 2025 excludes $247 million for the repayment of construction bridge loans in connection with Dan’s Mountain, Luna Valley, Pine Forest and Rosie South I, and $112 million for the refinancing of Buckthorn solar. 6 Distribution from unconsolidated affiliates can be classified as Return of Investment on Unconsolidated Affiliates when actuals are reported. This is below cash from operating activities 7 Includes tax equity proceeds and distributions to tax equity partners 8 Excludes maturities assumed to be refinanced

Clearway Energy (CWEN) came out with quarterly earnings of $1 per share, beating the Zacks Consensus Estimate of $0.24 per share. This compares to earnings of $0.28 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +316.67%. A quarter ago, it was expected that this company created by NRG Energy to acquire and operate natural gas, solar and wind plants would post a loss of $0.45 per share when it actually produced a loss of $1.35, delivering a surprise of -200%. Over the last four quarters, the company has surpassed consensus EPS estimates two times. Clearway Energy, which belongs to the Zacks Alternative Energy - Other industry, posted revenues of $481 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 1.26%. This compares to year-ago revenues of $392 million. The company has topped consensus revenue estimates four times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Clearway Energy shares have lost about 4.6% since the beginning of the year versus the S&P 500's gain of 13%. While Clearway Energy has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Clearway Energy was unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #5 (Strong Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.34 on $502.39 million in revenues for the coming quarter and -$1.03 on $1.71 billion in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Alternative Energy - Other is currently in the bottom 35% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. One other stock from the same industry, Hallador Energy (HNRG), is yet to report results for the quarter ended June 2026. The results are expected to be released on August 10. This coal, oil and gas producer is expected to post quarterly loss of $0.12 per share in its upcoming report, which represents a year-over-year change of -163.2%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. Hallador Energy's revenues are expected to be $85.75 million, down 16.7% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Clearway Energy, Inc. (CWEN) : Free Stock Analysis Report Hallador Energy Company (HNRG) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

The market expects Constellation Energy Corporation (CEG) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 2026. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. The earnings report, which is expected to be released on August 6, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower. While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise. This company is expected to post quarterly earnings of $2.35 per share in its upcoming report, which represents a year-over-year change of +23%. Revenues are expected to be $7.47 billion, up 22.4% from the year-ago quarter. The consensus EPS estimate for the quarter has been revised 6.96% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period. Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts. Price, Consensus and EPS Surprise Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core. The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier. Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only. A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP. Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell). For Constellation Energy Corporation, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects. This has resulted in an Earnings ESP of -0.93%. On the other hand, the stock currently carries a Zacks Rank of #3. So, this combination makes it difficult to conclusively predict that Constellation Energy Corporation will beat the consensus EPS estimate. Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number. For the last reported quarter, it was expected that Constellation Energy Corporation would post earnings of $2.56 per share when it actually produced earnings of $2.74, delivering a surprise of +7.03%. Over the last four quarters, the company has beaten consensus EPS estimates three times. An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss. That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported. Constellation Energy Corporation doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release. Clearway Energy (CWEN), another stock in the Zacks Alternative Energy - Other industry, is expected to report earnings per share of $0.24 for the quarter ended June 2026. This estimate points to a year-over-year change of -14.3%. Revenues for the quarter are expected to be $480.49 million, up 22.6% from the year-ago quarter. The consensus EPS estimate for Clearway Energy has been revised 8.1% lower over the last 30 days to the current level. However, a higher Most Accurate Estimate has resulted in an Earnings ESP of +39.43%. When combined with a Zacks Rank of #5 (Strong Sell), this Earnings ESP makes it difficult to conclusively predict that Clearway Energy will beat the consensus EPS estimate. Over the last four quarters, the company surpassed EPS estimates just once. Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Constellation Energy Corporation (CEG) : Free Stock Analysis Report Clearway Energy, Inc. (CWEN) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

The market expects Clearway Energy (CWEN) to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended June 2026. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on August 5. On the other hand, if they miss, the stock may move lower. While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise. This company created by NRG Energy to acquire and operate natural gas, solar and wind plants is expected to post quarterly earnings of $0.24 per share in its upcoming report, which represents a year-over-year change of -14.3%. Revenues are expected to be $480.49 million, up 22.6% from the year-ago quarter. The consensus EPS estimate for the quarter has been revised 8.14% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period. Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts. Price, Consensus and EPS Surprise Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction). The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier. Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only. A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP. Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell). For Clearway Energy, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +39.43%. On the other hand, the stock currently carries a Zacks Rank of #5. So, this combination makes it difficult to conclusively predict that Clearway Energy will beat the consensus EPS estimate. While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number. For the last reported quarter, it was expected that Clearway Energy would post a loss of$0.45 per share when it actually produced a loss of -$1.35, delivering a surprise of -200.00%. Over the last four quarters, the company has beaten consensus EPS estimates just once. An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss. That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported. Clearway Energy doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release. Among the stocks in the Zacks Alternative Energy - Other industry, Enlight Renewable Energy Ltd. (ENLT), is soon expected to post earnings of $0.07 per share for the quarter ended June 2026. This estimate indicates a year-over-year change of +600%. This quarter's revenue is expected to be $188.39 million, up 39.6% from the year-ago quarter. Over the last 30 days, the consensus EPS estimate for Enlight Renewable Energy Ltd. has been revised 2.9% down to the current level. Nevertheless, the company now has an Earnings ESP of -42.75%, reflecting a lower Most Accurate Estimate. When combined with a Zacks Rank of #3 (Hold), this Earnings ESP makes it difficult to conclusively predict that Enlight Renewable Energy Ltd. will beat the consensus EPS estimate. Over the last four quarters, the company surpassed consensus EPS estimates three times. Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Clearway Energy, Inc. (CWEN) : Free Stock Analysis Report Enlight Renewable Energy Ltd. (ENLT) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

It has been about a month since the last earnings report for Constellation Energy Corporation (CEG). Shares have lost about 14.3% in that time frame, underperforming the S&P 500. Will the recent negative trend continue leading up to its next earnings release, or is Constellation Energy Corporation due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the latest earnings report in order to get a better handle on the important catalysts. Constellation Energy's Q1 Earnings and Revenues Beat EstimatesConstellation Energy Corporation reported first-quarter 2026 earnings of $2.74 per share, which surpassed the Zacks Consensus Estimate of $2.56 by 7.03%. The earnings per share increased 28% from the year-ago quarter’s figure of $2.14. Revenues totaled $11.12 billion, which beat the Zacks Consensus Estimate of $8.2 billion by 35.5%. The top line also increased 63.8% from the year-ago figure of $6.78 billion. Total operating expenses were $8.8 billion, up 38.9% from $6.33 billion in the year-ago period. The year-over-year increase in operating expenses was due to higher purchased power and fuel, and higher operating and maintenance expenses compared with the year-ago period.Operating income for the reported quarter was $2.33 billion compared with $0.45 billion in the year-ago period.Net interest expenses increased 73.3% to $253 million from $146 million in the year-ago period.Constellation Energy’s owned output from the Salem and South Texas Project Generating Stations produced 44,666 gigawatt-hours (GWhs) in the first quarter of 2026, compared with 45,582 GWhs in the first quarter of 2025.Excluding Salem and STP, CEG’s owned nuclear plants recorded a 92.3% capacity factor in the first quarter of 2026, compared with 94.1% in the year-ago quarter. Sites operated by CEG experienced 99 planned refueling outage days in the first quarter of 2026, compared with 88 days in the first quarter of 2025. On April 16, 2026, CEG marked the commissioning of the 105-MW Pastoria Solar Project, the largest renewable energy project contracted by the California Department of Water Resources thus far as part of its goal to fully decarbonize operations by 2035.On April 30, 2026, CEG’s Pin Oak Creek Energy Center commenced commercial operations. The 460-MW, advanced natural gas facility is built to deliver reliable, dispatchable power to the ERCOT grid. As of March 31, 2026, Constellation Energy had cash and cash equivalents of $0.8 billion compared with $3.64 billion as of Dec. 31, 2025.The company had a long-term debt of $16.99 billion as of March 31, 2026, compared with $7.25 billion as of Dec. 31, 2025.Cash provided in operating activities in first-quarter 2026 amounted to $425 million compared with $107 million in first-quarter 2025.Total capital expenditures in the first three months of 2026 were $1.27 billion compared with $0.8 billion in first-quarter 2025. Constellation Energy reaffirmed its 2026 earnings per share estimate in the range of $11.00-$12.00 per share. The Zacks Consensus Estimate for 2026 earnings per share is currently pegged at $11.69, which is within the guided range. CEG projects long-term earnings growth of more than 20% through 2029. In the past month, investors have witnessed a downward trend in estimates review. At this time, Constellation Energy Corporation has a nice Growth Score of B, though it is lagging a lot on the Momentum Score front with a D. Charting a somewhat similar path, the stock has a score of C on the value side, putting it in the middle 20% for this investment strategy. Overall, the stock has an aggregate VGM Score of C. If you aren't focused on one strategy, this score is the one you should be interested in. Estimates have been broadly trending downward for the stock, and the magnitude of these revisions indicates a downward shift. Notably, Constellation Energy Corporation has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months. Constellation Energy Corporation is part of the Zacks Alternative Energy - Other industry. Over the past month, Clearway Energy (CWEN), a stock from the same industry, has gained 2.6%. The company reported its results for the quarter ended March 2026 more than a month ago. Clearway Energy reported revenues of $354 million in the last reported quarter, representing a year-over-year change of +18.8%. EPS of -$1.35 for the same period compares with $0.03 a year ago. For the current quarter, Clearway Energy is expected to post earnings of $0.36 per share, indicating a change of +28.6% from the year-ago quarter. The Zacks Consensus Estimate has changed -1.5% over the last 30 days. The overall direction and magnitude of estimate revisions translate into a Zacks Rank #3 (Hold) for Clearway Energy. Also, the stock has a VGM Score of F. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Constellation Energy Corporation (CEG) : Free Stock Analysis Report Clearway Energy, Inc. (CWEN) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Shareholders appeared unconcerned with Clearway Energy, Inc.'s (NYSE:CWEN) lackluster earnings report last week. We did some digging, and we believe the earnings are stronger than they seem. AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early. For anyone who wants to understand Clearway Energy's profit beyond the statutory numbers, it's important to note that during the last twelve months statutory profit was reduced by US$52m due to unusual items. While deductions due to unusual items are disappointing in the first instance, there is a silver lining. When we analysed the vast majority of listed companies worldwide, we found that significant unusual items are often not repeated. And that's hardly a surprise given these line items are considered unusual. If Clearway Energy doesn't see those unusual expenses repeat, then all else being equal we'd expect its profit to increase over the coming year. That might leave you wondering what analysts are forecasting in terms of future profitability. Luckily, you can click here to see an interactive graph depicting future profitability, based on their estimates. Unusual items (expenses) detracted from Clearway Energy's earnings over the last year, but we might see an improvement next year. Based on this observation, we consider it likely that Clearway Energy's statutory profit actually understates its earnings potential! On the other hand, its EPS actually shrunk in the last twelve months. The goal of this article has been to assess how well we can rely on the statutory earnings to reflect the company's potential, but there is plenty more to consider. Keep in mind, when it comes to analysing a stock it's worth noting the risks involved. For instance, we've identified 4 warning signs for Clearway Energy (1 is concerning) you should be familiar with. This note has only looked at a single factor that sheds light on the nature of Clearway Energy's profit. But there are plenty of other ways to inform your opinion of a company. Some people consider a high return on equity to be a good sign of a quality business. So you may wish to see this free collection of companies boasting high return on equity, or this list of stocks with high insider ownership. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Clearway Energy, Inc. (NYSE:CWEN) came out with its quarterly results last week, and we wanted to see how the business is performing and what industry forecasters think of the company following this report. Revenues of US$354m beat expectations by a respectable 3.9%, although statutory losses per share increased. Clearway Energy lost US$1.35, which was 186% more than what the analysts had included in their models. This is an important time for investors, as they can track a company's performance in its report, look at what experts are forecasting for next year, and see if there has been any change to expectations for the business. So we collected the latest post-earnings statutory consensus estimates to see what could be in store for next year. We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. Following the latest results, Clearway Energy's seven analysts are now forecasting revenues of US$1.72b in 2026. This would be a decent 16% improvement in revenue compared to the last 12 months. The company is forecast to report a statutory loss of US$0.55 in 2026, a sharp decline from a profit over the last year. Before this earnings report, the analysts had been forecasting revenues of US$1.64b and earnings per share (EPS) of US$0.18 in 2026. Yet despite a small lift in revenues, the analysts are now forecasting a loss instead of a profit, which looks like a reduction in sentiment after the latest results. See our latest analysis for Clearway Energy The consensus price target stayed unchanged at US$42.55, seeming to suggest that higher forecast losses are not expected to have a long term impact on the valuation. It could also be instructive to look at the range of analyst estimates, to evaluate how different the outlier opinions are from the mean. The most optimistic Clearway Energy analyst has a price target of US$56.00 per share, while the most pessimistic values it at US$34.00. As you can see, analysts are not all in agreement on the stock's future, but the range of estimates is still reasonably narrow, which could suggest that the outcome is not totally unpredictable. These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the Clearway Energy's past performance and to peers in the same industry. It's clear from the latest estimates that Clearway Energy's rate of growth is expected to accelerate meaningfully, with the forecast 21% annualised revenue growth to the end of 2026 noticeably faster than its historical growth of 3.6% p.a. over the past five years. By contrast, our data suggests that other companies (with analyst coverage) in a similar industry are forecast to grow their revenue at 7.9% per year. It seems obvious that, while the growth outlook is brighter than the recent past, the analysts also expect Clearway Energy to grow faster than the wider industry. The most important thing to take away is that the analysts are expecting Clearway Energy to become unprofitable next year. Happily, they also upgraded their revenue estimates, and are forecasting them to grow faster than the wider industry. The consensus price target held steady at US$42.55, with the latest estimates not enough to have an impact on their price targets. With that said, the long-term trajectory of the company's earnings is a lot more important than next year. At Simply Wall St, we have a full range of analyst estimates for Clearway Energy going out to 2028, and you can see them free on our platform here.. It is also worth noting that we have found 4 warning signs for Clearway Energy (1 is concerning!) that you need to take into consideration. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.