NYSE$CWEN
Clearway Energy Inc · Q3 2020 earnings
Q3 2020 earnings · · Investor relations
Briefing
Clearway Energy reported third quarter financial results, marked by strategic acquisitions and reaffirmed financial guidance.
Clearway Energy, Inc. reported Net Income of $42 million, Adjusted EBITDA of $312 million, Cash from Operating Activities of $257 million, and Cash Available for Distribution (CAFD) of $171 million for the third quarter of 2020. The company reaffirmed its 2020 full year CAFD guidance of $310 million and initiated 2021 CAFD guidance of $325 million.
- Signed agreements with Clearway Group (CEG) to acquire the Repowered 160 MW Langford Wind Project.
- Acquired CEG’s residual interest in the Distributed Generation Partnerships, including an associated SREC contract.
- Received offer from CEG to invest in, inclusive of CEG’s interest in Mesquite Star, a 1.6 GW renewable project partnership.
- Raised $120 million of new corporate capital through the refinancing of non-recourse project debt and additional equity under the ATM program.
Headline financials
Revenue & EPS history
Clearway Energy · Revenue · Quarterly
$332M
Revenue by segment
Clearway Energy · $62M total across 1 segment · Q3 2023
- Renewables & Storage$62M—100.0%
Forward guidance
The Company is reaffirming its 2020 full year CAFD guidance of $310 million. The Company is initiating 2021 CAFD guidance of $325 million. Including the effects as described above, the Company is also updating its Pro Forma CAFD Outlook expectations to $345 million.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q3 2020
+1.2%
Avg return
Earnings day
+1.3%
Avg return
5 days after
+2.7%
Avg return
30 days after
59%
30 / 51 earnings
Positive
+10.6%
Q4 2015
Best reaction
-9.7%
Q2 2015
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -0.9% | -1.5% | +3.3% | |
| Q4 2025 | -2.3% | -4.1% | -2.5% | |
| Q3 2025 | +6.7% | +8.6% | +4.7% | |
| Q1 2025 | -1.3% | -2.3% | +4.9% | |
| Q4 2024 | +2.5% | +4.9% | +12.6% | |
| Q3 2024 | +10.4% | +9.7% | +14.7% | |
| Q2 2024 | +3.7% | +7.0% | +8.5% | |
| Q1 2024 | +8.7% | +10.3% | +8.2% | |
| Q4 2023 | -6.3% | -5.6% | -9.8% | |
| Q3 2023 | +3.4% | +2.5% | +14.1% | |
| Q2 2023 | +1.5% | +2.8% | -4.1% | |
| Q1 2023 | +1.7% | +2.2% | +0.1% | |
| Q4 2022 | -3.3% | -2.0% | -5.8% | |
| Q3 2022 | +0.8% | +0.0% | -0.5% | |
| Q2 2022 | +0.9% | -0.5% | -0.8% | |
| Q1 2022 | -3.8% | -2.8% | +6.6% | |
| Q4 2021 | -0.9% | +1.9% | +10.6% | |
| Q3 2021 | +5.6% | +3.4% | +3.9% | |
| Q2 2021 | +3.8% | +5.2% | +10.1% | |
| Q1 2021 | -3.6% | -8.4% | -4.2% | |
| Q4 2020 | +3.6% | -1.0% | +2.5% | |
| Q3 2020 | +3.7% | +6.6% | +5.2% | |
| Q2 2020 | +4.3% | +2.8% | -7.3% | |
| Q1 2020 | +5.9% | +5.8% | +15.5% | |
| Q4 2019 | -1.5% | -1.2% | -11.9% | |
| Q3 2019 | +2.7% | +3.5% | +1.6% | |
| Q2 2019 | -4.4% | -1.4% | +1.0% | |
| Q1 2019 | -0.3% | +0.2% | +3.2% | |
| Q4 2018 | -2.2% | -0.3% | +1.9% | |
| Q3 2018 | +0.0% | +0.5% | -7.7% | |
| Q2 2018 | -0.8% | +0.8% | +7.6% | |
| Q1 2018 | +3.4% | -0.6% | -3.1% | |
| Q4 2017 | +4.8% | +4.5% | +8.6% | |
| Q3 2017 | +4.3% | +5.9% | +3.5% | |
| Q2 2017 | +3.6% | +0.5% | +2.5% | |
| Q1 2017 | -2.3% | -0.9% | +4.3% | |
| Q4 2016 | -2.3% | -2.6% | +0.3% | |
| Q3 2016 | +6.3% | -3.7% | -1.0% | |
| Q2 2016 | -3.8% | -1.2% | +2.5% | |
| Q1 2016 | -0.5% | — | — | |
| Q4 2015 | +10.6% | — | — | |
| Q3 2015 | +6.0% | — | — | |
| Q2 2015 | -9.7% | — | — | |
| Q1 2015 | +0.5% | — | — | |
| Q4 2014 | -4.3% | — | — | |
| Q3 2014 | +0.9% | — | — | |
| Q2 2014 | +1.2% | — | — | |
| Q1 2014 | +2.0% | — | — | |
| Q4 2013 | +0.7% | — | — | |
| Q3 2013 | +2.5% | — | — | |
| Q2 2013 | -0.6% | — | — | |
| Q1 2013 | — | — | — | |
| Q4 2012 | — | — | — | |
| Q3 2012 | — | — | — | |
| Q2 2012 | — | — | — | |
| Q1 2012 | — | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro