Clearway Energy Reports Q3 Revenue Beat Amid GAAP EPS Miss
Clearway Energy (CWEN) reported third-quarter financial results characterized by a divergence between top-line growth and bottom-line profitability. The company achieved revenue of $522 million, representing a 21.7% increase year-over-year and exceeding analyst expectations by $4.28 million. However, the company's GAAP earnings per share (EPS) of $0.42 fell short of consensus estimates by $0.15. As of September 30, 2024, Clearway reported liquidity including $413 million in restricted cash, primarily designated to satisfy specific contractual or regulatory obligations.
Tickers: $CWEN
Topics: earnings miss liquidity revenue beat