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Market Impact: 0.4

Clearway Energy (CWEN) Reports Q1 Loss, Tops Revenue Estimates

CWEN
Corporate EarningsAnalyst EstimatesCompany Fundamentals

Clearway Energy reported a quarterly loss of $1.35 per share, missing the Zacks Consensus Estimate for a $0.45 loss by $0.90 per share. The result also marked a sharp deterioration from earnings of $0.03 per share a year ago. The miss is likely to weigh on CWEN shares, but the news is company-specific rather than sector-wide.

Analysis

Clearway Energy reported a quarterly loss of $1.35 per share, missing the Zacks Consensus Estimate for a $0.45 loss by $0.90 per share. The result also marked a sharp deterioration from earnings of $0.03 per share a year ago. The miss is likely to weigh on CWEN shares, but the news is company-specific rather than sector-wide.

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Market Sentiment

Overall Sentiment

strongly negative

Sentiment Score

-0.70

Ticker Sentiment

CWEN-0.88