Clearway Energys Updates on Q2 2023 Wind Production, 25% Below Internal Median Production Estimates
Portfolio Pulse from Benzinga Newsdesk
Clearway Energy, Inc. (NYSE:CWEN, CWEN.A) announced that its Q2 2023 wind production was 25% below internal median production estimates, including the Alta Wind Complex's production at 20% below expectations. This represents the lowest quarterly production in the company's history, resulting in an estimated decrease in Q2 2023 revenue of between $25 and $30 million.
July 13, 2023 | 10:37 am
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Clearway Energy's lower than expected wind production in Q2 2023 could negatively impact its revenue and potentially its stock price.
Clearway Energy's wind production for Q2 2023 was significantly below estimates, which is likely to result in a decrease in revenue. This could negatively impact investor sentiment and potentially lead to a decrease in the company's stock price.
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