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PRINCETON, N.J. (AP) — PRINCETON, N.J. (AP) — Clearway Energy, Inc. (CWEN) on Wednesday reported first-quarter profit of $4 million.
The Princeton, New Jersey-based company said it had net income of 3 cents per share.
The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 25 cents per share.
The company created by NRG Energy to acquire and operate natural gas, solar and wind plants posted revenue of $298 million in the period, missing Street forecasts. Five analysts surveyed by Zacks expected $310.8 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CWEN at https://www.zacks.com/ap/CWEN