PRINCETON, N.J. (AP) 鈥� PRINCETON, N.J. (AP) 鈥� Clearway Energy, Inc. (CWEN) on Wednesday reported second-quarter profit of $122 million.
The Princeton, New Jersey-based company said it had net income of $1 per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 24 cents per share.
The company created by NRG Energy to acquire and operate natural gas, solar and wind plants posted revenue of $481 million in the period, which also topped Street forecasts. Three analysts surveyed by Zacks expected $475 million.
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