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General information

Country: UNITED STATES

Sector: Utilities — Renewable

Clearway Energy, Inc., through its subsidiaries, acquires, owns, and operates contracted renewable energy and conventional generation, and thermal infrastructure assets in the United States. As of October 12, 2020, it had contracted generation portfolio of 7,000 megawatts (MWs) of wind, solar, and natural gas-fired power generation facilities, as well as district energy systems. The company also owns thermal infrastructure assets with an aggregate steam and chilled water capacity of 1,530 net MW thermal equivalent; and electric generation capacity of 139 net MWs. Its thermal infrastructure assets provide steam, hot water and/or chilled water, and electricity to commercial businesses, universities, hospitals, and governmental units. Clearway Energy, Inc. was founded in 2012 and is based in Princeton, New Jersey.
Website: clearwayenergy.com



Growth: Bad revenue growth rate -7.1%, there is slowdown compared to average historical growth rates 3.5%. The revenue growth dynamics is unstable

Profitability: LTM EBITDA margin is positive, +75.0%. On average the margin is decreasing unsteadily. Gross margin is high, +54.6%. In the last quarter the company beat the estimated EPS. The company was ahead of estimated EPS in 60% of quarters (showing a gain of +$1.10 per share on average)

Cash Flow Generation: Dividend yield for the last twelve months 7.3%. Free cash flow yield -47.8% (LTM)

Undervaluation: Fundamental value created in LTM (estimate)


Entry Point: Share price is 22.8% higher than minimum and 44.2% lower than maximum for the last 3 years

AI Insight: the companies with similar growth trajectories, EBITDA margin, industries and geography on average are valued 5.2x by EV / Sales multiple , the company can be 56.8% overvalued

Key Financials (Download financials)

Ticker: CWEN-A
Share price, USD:  (+0.3%)21.56
year average price 23.62  


year start price 28.98 2023-04-29

max close price 30.40 2023-05-15

min close price 17.56 2023-10-05

current price 21.56 2024-04-27
Common stocks: 212 791 987

Dividend Yield:  7.3%
FCF Yield LTM: -47.8%
EV / LTM EBITDA: 15.9x
EV / EBITDA annualized: 22.8x
Last revenue growth (y/y):  -7.1%
Last growth of EBITDA (y/y):  -11.3%
Historical revenue growth:  3.5%
Historical growth of EBITDA:  22.0%
EV / Sales: 12.0x
Margin (EBITDA LTM / Revenue): 75.0%
Fundamental value created in LTM:
Market Cap ($m): 4 588
Net Debt ($m): 11 115
EV (Enterprise Value): 15 703
Price to Book: 2.2x

Revenue and EBITDA

Quarterly values ($m)

Change (y/y)

Cash Flow

FCF ($m)

Net Debt / Cash and Equivalents ($m)

Share price and dividends (Download history)

Share price

Payment USD per share

Multiple and potential

EV / Sales

Potential dynamics

More information for subscribed users:
detailed calculation of
Fundamental value created in LTM

Financial reporting

Income Statement

Property 2023 q4 2023 q3 2023 q2 2023 q1 2022 q4 2022 q3
date 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30
symbol CWEN-A CWEN-A CWEN-A CWEN-A CWEN-A CWEN-A
reportedCurrency USD USD USD USD USD USD
cik 2M 2M 2M 2M 2M 2M
fillingDate 2024-02-22 2023-11-02 2023-08-08 2023-05-04 2023-02-23 2022-11-02
acceptedDate 2024-02-22 16:38:24 2023-11-02 13:38:02 2023-08-08 14:26:16 2023-05-04 14:49:58 2023-02-23 16:54:44 2022-11-02 11:54:09
calendarYear 2023.000 2023.000 2023.000 2023.000 2022.000 2022.000
period Q4 Q3 Q2 Q1 Q4 Q3
revenue 249M 371M 406M 288M 268M 340M
costOfRevenue 113M 134M 118M 108M 97M 98M
grossProfit 136M 237M 288M 180M 171M 242M
grossProfitRatio 0.546 0.639 0.709 0.625 0.638 0.712
researchAndDevelopmentExpenses 0 0 0 0 -2M 0
generalAndAdministrativeExpenses 8M 9M 9M 10M 9M 8M
sellingAndMarketingExpenses 0 0 0 0 0 0
sellingGeneralAndAdministrativeExpenses 8M 9M 9M 10M 9M 8M
otherExpenses 20M 15M 9M 128M 135M 129M
operatingExpenses 145M 142M 137M 138M 142M 137M
costAndExpenses 258M 276M 255M 246M 239M 235M
interestIncome 0 48M 0 0 0 0
interestExpense 135M 48M 55M 99M 89M 49M
depreciationAndAmortization 183M 178M 175M 180M 182M 189M
ebitda 195M 299M 338M 222M 219M 294M
ebitdaratio 0.783 0.806 0.833 0.771 0.817 0.865
operatingIncome -22M 94M 149M 42M 37M 105M
operatingIncomeRatio -0.088 0.253 0.367 0.146 0.138 0.309
totalOtherIncomeExpensesNet 2M 25M 10M -94M -106M -30M
incomeBeforeTax -142M 72M 106M -52M -69M 75M
incomeBeforeTaxRatio -0.570 0.194 0.261 -0.181 -0.257 0.221
incomeTaxExpense -69M 57M 22M -12M -15M 13M
netIncome 37M 4M 38M -40M -54M 62M
netIncomeRatio 0.149 0.011 0.094 -0.139 -0.201 0.182
eps 0.320 0.034 0.330 -0.340 -1.540 0.530
epsdiluted 0.320 0.034 0.330 -0.340 -1.540 0.530
weightedAverageShsOut 117M 117M 117M 117M 35M 117M
weightedAverageShsOutDil 117M 117M 117M 117M 35M 117M
link Link Link Link Link Link Link
finalLink Link Link Link Link Link Link

Balance Sheet Statement

Property 2023 q4 2023 q3 2023 q2 2023 q1 2022 q4 2022 q3
date 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30
symbol CWEN-A CWEN-A CWEN-A CWEN-A CWEN-A CWEN-A
reportedCurrency USD USD USD USD USD USD
cik 2M 2M 2M 2M 2M 2M
fillingDate 2024-02-22 2023-11-02 2023-08-08 2023-05-04 2023-02-23 2022-11-02
acceptedDate 2024-02-22 16:38:24 2023-11-02 13:38:02 2023-08-08 14:26:16 2023-05-04 14:49:58 2023-02-23 16:54:44 2022-11-02 11:54:09
calendarYear 2023.000 2023.000 2023.000 2023.000 2022.000 2022.000
period Q4 Q3 Q2 Q1 Q4 Q3
cashAndCashEquivalents 535M 566M 547M 576M 657M 793M
shortTermInvestments 40M 48M 0 0 0 0
cashAndShortTermInvestments 535M 566M 547M 576M 657M 793M
netReceivables 345M 411M 216M 150M 153M 200M
inventory 55M 55M 51M 49M 47M 48M
otherCurrentAssets 68M 61M 70M 50M 80M 447M
totalCurrentAssets 1 560M 1 734M 1 289M 1 289M 1 276M 1 488M
propertyPlantEquipmentNet 10 123M 8 594M 8 298M 8 417M 7 948M 7 956M
goodwill 0 0 0 0 0 0
intangibleAssets 2 374M 2 424M 2 471M 2 518M 2 565M 2 615M
goodwillAndIntangibleAssets 2 374M 2 424M 2 471M 2 518M 2 565M 2 615M
longTermInvestments 360M 373M 352M 346M 364M 377M
taxAssets 127M 152M 118M 98M 0 0
otherNonCurrentAssets 157M 93M 96M 81M 159M 160M
totalNonCurrentAssets 13 141M 11 636M 11 335M 11 460M 11 036M 11 108M
otherAssets 0 0 0 0 0 0
totalAssets 14 701M 13 370M 12 624M 12 749M 12 312M 12 596M
accountPayables 161M 145M 124M 70M 55M 68M
shortTermDebt 558M 522M 330M 366M 322M 493M
taxPayables 0 0 0 0 0 0
deferredRevenue 136M 123M 108M 0 119M 125M
otherCurrentLiabilities 51M 54M 44M 202M 121M 122M
totalCurrentLiabilities 906M 844M 606M 638M 617M 808M
longTermDebt 8 106M 7 596M 7 286M 7 346M 7 039M 7 060M
deferredRevenueNonCurrent 281M 271M 259M 0 0 0
deferredTaxLiabilitiesNonCurrent 127M 152M 118M 98M 119M 125M
otherNonCurrentLiabilities 287M 239M 213M 505M 504M 6 986M
totalNonCurrentLiabilities 8 801M 8 258M 7 876M 7 949M 7 662M 7 672M
otherLiabilities 0 0 0 0 0 0
capitalLeaseObligations 627M 601M 578M 577M 548M 541M
totalLiabilities 9 707M 9 102M 8 482M 8 587M 8 279M 8 480M
preferredStock 0 0 0 0 0 0
commonStock 1 000 000 1 000 000 1 000 000 1 000 000 1 000 000 1 000 000
retainedEarnings 361M 370M 412M 419M 463M 494M
accumulatedOtherComprehensiveIncomeLoss 7M 11M 9M 8M 9M 10M
othertotalStockholdersEquity 1 731M 1 728M 1 718M 1 719M 1 761M 1 786M
totalStockholdersEquity 2 100M 2 110M 2 140M 2 147M 2 234M 2 291M
totalEquity 4 994M 4 268M 4 142M 2 147M 2 234M 2 291M
totalLiabilitiesAndStockholdersEquity 14 701M 13 370M 12 624M 12 749M 12 312M 12 596M
minorityInterest 2 894M 2 158M 2 002M 2 015M 1 799M 0
totalLiabilitiesAndTotalEquity 14 701M 13 370M 12 624M 12 749M 12 312M 12 596M
totalInvestments 360M 373M 352M 346M 364M 377M
totalDebt 8 664M 8 118M 7 616M 7 712M 7 361M 7 553M
netDebt 8 129M 7 552M 7 069M 7 136M 6 704M 6 760M
link Link Link Link Link Link Link
finalLink Link Link Link Link Link Link

Cash Flow Statement

Property 2023 q4 2023 q3 2023 q2 2023 q1 2022 q4 2022 q3
date 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30
symbol CWEN-A CWEN-A CWEN-A CWEN-A CWEN-A CWEN-A
reportedCurrency USD USD USD USD USD USD
cik 2M 2M 2M 2M 2M 2M
fillingDate 2024-02-22 2023-11-02 2023-08-08 2023-05-04 2023-02-23 2022-11-02
acceptedDate 2024-02-22 16:38:24 2023-11-02 13:38:02 2023-08-08 14:26:16 2023-05-04 14:49:58 2023-02-23 16:54:44 2022-11-02 11:54:09
calendarYear 2023.000 2023.000 2023.000 2023.000 2022.000 2022.000
period Q4 Q3 Q2 Q1 Q4 Q3
netIncome -73M 15M 84M -40M -54M 62M
depreciationAndAmortization 183M 178M 175M 175M 182M 170M
deferredIncomeTax -36M 40M 20M -11M -13M 10M
stockBasedCompensation 0 0 -52M 0 0 0
changeInWorkingCapital 32M 66M -100M -68M 39M 101M
accountsReceivables 0 0 0 0 0 0
inventory 0 0 0 0 0 0
accountsPayables 0 0 0 0 0 0
otherWorkingCapital 32M 66M -100M -68M 39M 101M
otherNonCashItems 4M 6M 7M 19M 26M -15M
netCashProvidedByOperatingActivities 206M 287M 134M 75M 180M 328M
investmentsInPropertyPlantAndEquipment -151M -34M -21M -88M -17M -14M
acquisitionsNet 621M -14M -2M 2M -70M -217M
purchasesOfInvestments 0 -18M 0 0 0 0
salesMaturitiesOfInvestments 0 4M 0 0 0 0
otherInvestingActivites -722M -93M -7M 0 52M 0
netCashUsedForInvestingActivites -252M -155M -30M -86M -35M -231M
debtRepayment -965M -78M -102M -204M -330M -146M
commonStockIssued 0 0 0 0 0 0
commonStockRepurchased 0 0 0 0 0 0
dividendsPaid -80M -78M -77M -76M -139M -73M
otherFinancingActivites 986M 262M -20M 308M 164M -10M
netCashUsedProvidedByFinancingActivities -59M 106M -199M 28M -305M -229M
effectOfForexChangesOnCash 0 -223M 1 244M 0 0 0
netChangeInCash -105M 238M -95M 17M -160M -132M
cashAtEndOfPeriod 1 051M 1 156M 918M 1 013M 996M 1 156M
cashAtBeginningOfPeriod 1 156M 918M 1 013M 996M 1 156M 1 288M
operatingCashFlow 206M 287M 134M 75M 180M 328M
capitalExpenditure -151M -34M -21M -88M -17M -14M
freeCashFlow 55M 253M 113M -13M 163M 314M
link Link Link Link Link Link Link
finalLink Link Link Link Link Link Link

Earning call transcript

SEC forms

Show financial reports only

SEC form 10
2024-02-22 00:00 ET
Clearway Energy reported for 2023 q4
SEC form 10
2023-11-02 00:00 ET
Clearway Energy reported for 2023 q3
SEC form 10
2023-08-08 00:00 ET
Clearway Energy reported for 2023 q2
SEC form 8
2023-08-08 00:00 ET
Clearway Energy published news for 2023 q2
SEC form 8
2023-07-13 00:00 ET
Clearway Energy published news for 2023 q2
SEC form 10
2023-05-04 00:00 ET
Clearway Energy published news for 2023 q1
SEC form 8
2023-05-04 00:00 ET
Clearway Energy reported for 2023 q1
SEC form 6
2023-04-17 16:30 ET
Clearway Energy published news for 2023 q1
SEC form 6
2023-03-20 16:17 ET
Clearway Energy published news for 2022 q4
SEC form 10
2023-02-23 16:54 ET
Clearway Energy published news for 2022 q4
SEC form 6
2023-02-23 06:25 ET
Clearway Energy published news for 2022 q4
SEC form 10
2023-02-23 00:00 ET
Clearway Energy reported for 2022 q4
SEC form 8
2023-02-23 00:00 ET
Clearway Energy reported for 2022 q4
SEC form 6
2023-02-21 08:00 ET
Clearway Energy published news for 2022 q4
SEC form 6
2022-12-29 16:16 ET
Clearway Energy published news for 2022 q3
SEC form 6
2022-11-07 16:48 ET
Clearway Energy published news for 2022 q3
SEC form 6
2022-11-07 16:47 ET
Clearway Energy published news for 2022 q3
SEC form 6
2022-11-07 16:46 ET
Clearway Energy published news for 2022 q3
SEC form 10
2022-11-02 11:54 ET
Clearway Energy published news for 2022 q3
SEC form 6
2022-11-02 06:01 ET
Clearway Energy published news for 2022 q3
SEC form 10
2022-11-02 00:00 ET
Clearway Energy reported for 2022 q3
SEC form 8
2022-11-02 00:00 ET
Clearway Energy reported for 2022 q3
SEC form 6
2022-08-19 06:01 ET
Clearway Energy published news for 2022 q2
SEC form 6
2022-08-09 16:07 ET
Clearway Energy published news for 2022 q2
SEC form 10
2022-08-02 10:50 ET
Clearway Energy published news for 2022 q2
SEC form 6
2022-08-02 06:01 ET
Clearway Energy published news for 2022 q2
SEC form 10
2022-08-02 00:00 ET
Clearway Energy reported for 2022 q2
SEC form 8
2022-08-02 00:00 ET
Clearway Energy reported for 2022 q2
SEC form 6
2022-06-30 16:06 ET
Clearway Energy published news for 2022 q1
SEC form 6
2022-06-03 16:05 ET
Clearway Energy published news for 2022 q1
SEC form 6
2022-06-01 08:00 ET
Clearway Energy published news for 2022 q1
SEC form 10
2022-05-05 11:31 ET
Clearway Energy published news for 2022 q1
SEC form 10
2022-05-05 00:00 ET
Clearway Energy reported for 2022 q1
SEC form 8
2022-05-05 00:00 ET
Clearway Energy reported for 2022 q1
SEC form 6
2022-05-04 21:27 ET
Clearway Energy published news for 2022 q1
SEC form 6
2022-05-03 16:15 ET
Clearway Energy published news for 2022 q1
SEC form 6
2022-03-17 06:01 ET
Clearway Energy published news for 2021 q4
SEC form 6
2022-03-03 16:44 ET
Clearway Energy published news for 2021 q4
SEC form 6
2022-03-03 16:41 ET
Clearway Energy published news for 2021 q4
SEC form 6
2022-03-03 16:39 ET
Clearway Energy published news for 2021 q4
SEC form 6
2022-03-03 16:38 ET
Clearway Energy published news for 2021 q4
SEC form 6
2022-03-03 16:36 ET
Clearway Energy published news for 2021 q4
SEC form 6
2022-03-03 16:35 ET
Clearway Energy published news for 2021 q4
SEC form 6
2022-03-03 16:33 ET
Clearway Energy published news for 2021 q4
SEC form 6
2022-03-03 16:17 ET
Clearway Energy published news for 2021 q4
SEC form 10
2022-02-28 00:00 ET
Clearway Energy published news for 2021 q4
SEC form 8
2022-02-28 00:00 ET
Clearway Energy published news for 2021 q4
SEC form 6
2022-02-25 19:25 ET
Clearway Energy published news for 2021 q4
SEC form 10
2022-02-25 19:03 ET
Clearway Energy published news for 2021 q4
SEC form 6
2022-01-18 08:00 ET
Clearway Energy published news for 2021 q4
SEC form 6
2021-12-08 16:15 ET
Clearway Energy published news for 2021 q3
SEC form 6
2021-12-01 16:25 ET
Clearway Energy published news for 2021 q3
SEC form 10
2021-11-04 10:24 ET
Clearway Energy published news for 2021 q3
SEC form 6
2021-11-04 06:07 ET
Clearway Energy published news for 2021 q3
SEC form 10
2021-11-04 00:00 ET
Clearway Energy published news for 2021 q3
SEC form 8
2021-11-04 00:00 ET
Clearway Energy published news for 2021 q3
SEC form 6
2021-10-26 17:01 ET
Clearway Energy published news for 2021 q3
SEC form 6
2021-10-08 16:05 ET
Clearway Energy published news for 2021 q3
SEC form 6
2021-10-01 17:01 ET
Clearway Energy published news for 2021 q3
SEC form 6
2021-09-24 16:19 ET
Clearway Energy published news for 2021 q2
SEC form 6
2021-09-24 08:02 ET
Clearway Energy published news for 2021 q2
SEC form 6
2021-09-23 17:00 ET
Clearway Energy published news for 2021 q2
SEC form 6
2021-08-23 17:01 ET
Clearway Energy published news for 2021 q2
SEC form 10
2021-08-03 11:47 ET
Clearway Energy published news for 2021 q2
SEC form 6
2021-08-03 06:08 ET
Clearway Energy published news for 2021 q2
SEC form 8
2021-08-03 00:00 ET
Clearway Energy published news for 2021 q2
SEC form 10
2021-08-03 00:00 ET
Clearway Energy published news for 2021 q2
SEC form 6
2021-05-19 16:05 ET
Clearway Energy published news for 2021 q1
SEC form 10
2021-05-06 12:55 ET
Clearway Energy published news for 2021 q1
SEC form 6
2021-05-06 06:14 ET
Clearway Energy published news for 2021 q1
SEC form 10
2021-05-06 00:00 ET
Clearway Energy published news for 2021 q1
SEC form 8
2021-05-06 00:00 ET
Clearway Energy published news for 2021 q1
SEC form 6
2021-05-03 16:31 ET
Clearway Energy published news for 2021 q1
SEC form 6
2021-03-17 07:00 ET
Clearway Energy published news for 2020 q4
SEC form 6
2021-03-15 16:30 ET
Clearway Energy published news for 2020 q4
SEC form 6
2021-03-09 16:16 ET
Clearway Energy published news for 2020 q4
SEC form 6
2021-03-02 16:37 ET
Clearway Energy published news for 2020 q4
SEC form 6
2021-03-02 07:36 ET
Clearway Energy published news for 2020 q4
SEC form 10
2021-03-01 09:52 ET
Clearway Energy published news for 2020 q4
SEC form 6
2021-03-01 06:22 ET
Clearway Energy published news for 2020 q4
SEC form 6
2021-02-05 16:29 ET
Clearway Energy published news for 2020 q4
SEC form 6
2021-02-03 17:01 ET
Clearway Energy published news for 2020 q4
SEC form 6
2020-12-29 16:05 ET
Clearway Energy published news for 2020 q3
SEC form 6
2020-12-22 17:00 ET
Clearway Energy published news for 2020 q3
SEC form 6
2020-12-04 16:05 ET
Clearway Energy published news for 2020 q3
SEC form 6
2020-11-20 07:43 ET
Clearway Energy published news for 2020 q3
SEC form 6
2020-11-19 16:30 ET
Clearway Energy published news for 2020 q3
SEC form 10
2020-11-05 13:50 ET
Clearway Energy published news for 2020 q3
SEC form 6
2020-11-05 06:17 ET
Clearway Energy published news for 2020 q3