Clearway Energy: Fourth Quarter Earnings Overview

Clearway Energy Reports Fourth Quarter Loss

Clearway Energy, Inc., headquartered in Princeton, New Jersey, announced on Monday that it experienced a net loss of $104 million during the fourth quarter.

The company reported a per-share loss of 89 cents for the quarter.

This performance fell short of analysts’ expectations. According to a survey by Zacks Investment Research, four analysts had anticipated a loss of only 21 cents per share.

Despite the earnings miss, Clearway Energy generated $310 million in revenue for the quarter, surpassing the $304.8 million forecasted by three analysts polled by Zacks.

Looking at the full year, the company achieved a net income of $169 million, which translates to $1.43 per share, with total revenue reaching $1.43 billion.

This article was produced by Automated Insights using data provided by Zacks Investment Research.