Breaking News
0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

Clearway Energy (CWEN) Incurs Loss In Q1, Beats On Revenues

By Zacks Investment ResearchStock MarketsMay 06, 2019 10:41PM ET
www.investing.com/analysis/clearway-energy-cwen-incurs-loss-in-q1-beats-on-revenues-200418137
Clearway Energy (CWEN) Incurs Loss In Q1, Beats On Revenues
By Zacks Investment Research   |  May 06, 2019 10:41PM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 

Clearway Energy Inc. (NYSE:CWEN) reported first-quarter 2019 loss of 18 cents per share against earnings of 16 cents in the year-ago period. The reported loss also fared unfavorably with the Zacks Consensus Estimate of earnings of 2 cents per share.

Total Revenues

The company's total revenues in first-quarter 2019 were $217 million, surpassing the Zacks Consensus Estimate of $212 million by 2.4%. However, the top line was down 3.5% from the year-ago reported figure.

Highlights of the Release

Interest expenses in the first quarter amounted to $101 million, increasing 83.6% from a year ago.

Operating income in the reported quarter was $41 million, down 16.3% from the year-ago level.

Clearway Energy, Inc. Price, Consensus and EPS Surprise

Clearway Energy, Inc. Price, Consensus and EPS Surprise | Clearway Energy, Inc. Quote

Financial Position

Clearway Energy had cash and cash equivalents of $117 million as of Mar 31, 2019, down from $407 million on Dec 31, 2018.

Long-term debt as of Mar 31, 2019 was $4,225 million, reflecting a decline from $5,447 million on Dec 31, 2018.

The company's net cash flow from operating activities during first-quarter 2019 was $61 million compared with $65 million in the prior-year period.

Guidance

Clearway Energy expects 2019 adjusted EBITDA to be $995 million and cash available for distribution to be $270 million. Net income in 2019 is expected to be $165 million.

Zacks Rank

Clearway Energy currently carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

Other Releases

DTE Energy Company (NYSE:DTE) reported first-quarter 2019 operating earnings per share of $2.05, which beat the Zacks Consensus Estimate of $1.95 by 5.1%.

Xcel Energy Inc. (NASDAQ:XEL) posted first-quarter 2019 operating earnings of 61 cents per share, in line with the Zacks Consensus Estimate.

ALLETE, Inc. (NYSE:ALE) reported first-quarter 2019 adjusted earnings of $1.18 per share, missing the Zacks Consensus Estimate of $1.19 by 0.84%.

Radical New Technology Creates $12.3 Trillion Opportunity

Imagine buying Microsoft (NASDAQ:MSFT) stock in the early days of personal computers… or Motorola (NYSE:MSI) after it released the world’s first cell phone. These technologies changed our lives and created massive profits for investors.

Today, we’re on the brink of the next quantum leap in technology. 7 innovative companies are leading this “4th Industrial Revolution” - and early investors stand to earn the biggest profits.

See the 7 breakthrough stocks now>>



DTE Energy Company (DTE): Free Stock Analysis Report

Allete, Inc. (ALE): Free Stock Analysis Report

Xcel Energy Inc. (XEL): Free Stock Analysis Report

Clearway Energy, Inc. (CWEN): Free Stock Analysis Report

Original post

Zacks Investment Research
Clearway Energy (CWEN) Incurs Loss In Q1, Beats On Revenues
 

Related Articles

Clearway Energy (CWEN) Incurs Loss In Q1, Beats On Revenues

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
or
Sign up with Email