Clearway Energy Inc (CWEN) stock is soaring 5.08% in Wednesday's trading session, following the release of its impressive third-quarter earnings report.

The company reported Q3 earnings of $2 per diluted share, a substantial increase from $0.31 in the same period last year. This remarkable growth in earnings comes despite a slight decline in revenue, which fell to $429 million from $486 million a year earlier.

The earnings results significantly exceeded analyst expectations, with FactSet's poll of four analysts projecting earnings of just $0.42 per share. Revenue also surpassed forecasts, with analysts anticipating $419.7 million. The market's positive reaction was evident in pre-market trading, where Clearway Energy shares were already up 4.5%, setting the stage for the day's strong performance.