Clearway Energy (CWEN) Delivers Strong Q3; Mixed Analyst Ratings Amid Growth and Tax Tailwinds

Clearway Energy Inc. (NYSE:CWEN) is one of the best solar energy stocks to buy right now. On November 5, Clearway Energy Inc. (NYSE:CWEN) saw varied analyst sentiment. Mark Jarvi of CIBC reiterated a Hold rating on Clearway Energy and set the stock’s price target at $37. Meanwhile, Nelson Ng of RBC Capital expressed a more positive outlook, reaffirming a Buy rating and assigning a $36 target.

On November 4, Clearway Energy reported its third-quarter results for 2025. The company posted net income of $60 million. Adjusted EBITDA for the quarter reached $385 million. This reflects a strong overall performance. The company also reported $225 million in operating cash flow and $166 million in cash available for distribution. These gains were largely driven by lower tax burdens and contributions from recent growth investments, particularly in wind energy assets. It also secured $50 million through an equity raise and agreed to acquire a 613 MW solar portfolio already in operation. The company continues to invest in wind repowering and solar-plus-storage projects, aiming for completion by 2027.

Operational improvements were evident across segments. The Flexible Generation division saw better availability compared to the previous year, thanks to fewer outages. Meanwhile, the Renewables & Storage segment recorded a 4% increase in output, supported by new projects coming online. Based on current performance and forecasts, Clearway narrowed its full-year CAFD guidance to between $420 million and $440 million, reflecting confidence in its execution and resource planning.

Looking ahead, the company set its 2026 CAFD guidance between $470 million and $510 million, factoring in expected production levels and the completion of scheduled investments. With over 2 GW of new opportunities identified, Clearway is positioning itself to meet long-term financial goals. Strategic moves like the Deriva solar acquisition and ongoing repowering efforts are expected to support growth through 2030, reinforcing the company’s focus on expanding its clean energy footprint.

“We are also pleased to announce that our investment opportunity set for 2026 and 2027 has expanded to now include over 2 GW of identified investment opportunities, with the combination of our repowering program and sponsor-enabled drop-downs providing transparent building blocks toward achieving our 2030 target,” said Craig Cornelius, Clearway Energy, Inc.’s President and Chief Executive Officer.

Clearway Energy Inc. (NYSE:CWEN) owns and operates an extensive portfolio of clean and conventional power generation assets, including solar, wind, and battery energy storage systems, as well as natural gas plants and district energy systems.

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Disclosure: None. This article is originally published at Insider Monkey.