Published on 30 Apr 2023 on Zacks via Yahoo Finance
Clearway Energy CWEN is scheduled to release first-quarter 2023 financial results on May 4, before market open. Clearway Energy delivered an earnings surprise of 111.4% in the last reported quarter.Let’s discuss the factors that are likely to get reflected in the upcoming quarterly results.
Factors to Consider
Clearway Energy has fully contracted capacity of El Segundo, Marsh Landing and Walnut Creek, which is likely to have boosted first-quarter earnings. First-quarter earnings are also likely to have gained from lower operational expenses.However, due to seasonality’s impact, Clearway Energy’s first-quarter earnings might have been lower than other quarters of the year.