Best utility stocks of July 2024

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Clearway Energy owns contracted renewable and conventional energy generation facilities and thermal energy infrastructure assets. Its Class C shares trade under the ticker CWEN and entitle investors to one one-hundredth of one vote. Its Class A shares trade under the ticker CWEN.A and entitle investors to one vote.

Clearway is a renewable energy yield company, a class of publicly traded companies focused on returning the cash flow generated from renewable energy to investors via dividend payouts.

In the most recent quarter, Clearway reported $37 million in net income, $174 million in adjusted earnings before interest, taxes, depreciation and amortization, and $206 million in cash from operating activities. The company projects 2024 cash available for distribution of $395 million, up from an estimated range of $330 million to $360 million in 2023.