Clearway Energy Q2 EPS $0.43 Up From $0.33 YoY, Sales $366.00M Down From $406.00M YoY
Portfolio Pulse from Benzinga Newsdesk
Clearway Energy (NYSE:CWEN) reported Q2 earnings per share (EPS) of $0.43, a 30.3% increase from $0.33 YoY. However, sales decreased by 9.85% to $366 million from $406 million YoY.
August 01, 2024 | 10:17 am
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NEUTRAL IMPACT
Clearway Energy reported a significant increase in EPS by 30.3% YoY to $0.43, but experienced a 9.85% decline in sales to $366 million. This mixed performance may lead to short-term volatility in the stock price.
The increase in EPS is a positive indicator of profitability, but the decline in sales could raise concerns about revenue growth. Investors may react with mixed sentiments, leading to potential short-term volatility in CWEN's stock price.
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