PRINCETON, N.J. (AP) 鈥� PRINCETON, N.J. (AP) 鈥� Clearway Energy, Inc. (CWEN) on Thursday reported a loss of $163 million in its first quarter.
On a per-share basis, the Princeton, New Jersey-based company said it had a loss of $1.35.
The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 45 cents per share.
The company created by NRG Energy to acquire and operate natural gas, solar and wind plants posted revenue of $354 million in the period, topping Street forecasts. Three analysts surveyed by Zacks expected $331.5 million.
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