NYSE:CWENRenewable Energy
Clearway Energy (CWEN) Stock Jumps On Cash Flow Strength And Funding Questions
Clearway Energy stock jumped 5.4% to US$32.85 today, a sharp move for a utility style renewable operator that had been drifting over the past quarter. The spark was not a flashy revenue surprise. It was cold cash flow. Quarterly net income swung back into the black at US$122 million and cash available for distribution, or CAFD, landed at US$167 million.
For short term traders that price pop may look like a quick win. For long term investors the more important story is how those CAFD and...