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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


  • Good financial results growth rate 25.0% (average between last period year over year growth for revenue and EBITDA), there is acceleration compared to average historical growth rates (17.5%)
  • Dividend yield for the last twelve months 5.3%
  • Free cash flow yield 7.0% (LTM)
  • Share price is 77.3% higher than minimum and 9.2% lower than maximum for the last 3 years
  • The company is overvalued by EV / LTM EBITDA multiple compared to target level (13.3x vs 12.8x)
  • Fundamental value created in LTM (estimate)

Key Financials (Download financials)

Ticker: CWEN
Share price, USD:  (0.0%)33.26
year average price 30.23  


year start price 26.58 2025-01-03

min close price 24.63 2025-01-22

max close price 36.62 2025-11-28

current price 33.26 2026-01-02
Common stocks: 195 872 007

Dividend Yield:  5.3%
FCF Yield LTM: 7.0%
EV / LTM EBITDA: 13.3x
EV / EBITDA annualized: 9.8x
Last revenue growth (y/y):  +31.0%
Last growth of EBITDA (y/y):  +19.1%
Historical revenue growth:  +5.4%
Historical growth of EBITDA:  +29.6%
EV / Sales: 9.7x
Margin (EBITDA LTM / Revenue): 73.3%

Target EV / EBITDA (hist percentile): 12.8x
Express share price potential:
Fundamental value created in LTM:
EV / LTM EBITDA mutiple calculation
Market Cap ($m): 6 515
Net Debt ($m): 7 422
EV (Enterprise Value): 13 937
EBITDA LTM (млн $): 1 049
EV / LTM EBITDA: 13.3x
Price to Book: 1.1x

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 / EBITDA

Potential dynamics

News


2025-12-23zacks.com

3 Reasons Why Growth Investors Shouldn't Overlook Clearway Energy (CWENA)

2025-12-20fool.com

6 Ultra-High-Yield Dividend Stocks for Safe Income in 2026 and Beyond

2025-12-18zacks.com

Here's Why Clearway Energy (CWEN) is a Strong Growth Stock

2025-12-16seekingalpha.com

Clearway Energy's Dividend Looks Good, And Its Pipeline Potentially Makes It Safe

2025-12-03seekingalpha.com

The Predictability Premium: Why Clearway Energy Wins

2025-12-02zacks.com

Here's Why Clearway Energy (CWEN) is a Strong Momentum Stock

2025-11-23fool.com

5 Dividend Stocks Yielding 5% or More to Buy Without Hesitation Right Now

2025-11-13zacks.com

Here's Why Clearway Energy (CWEN) is a Strong Momentum Stock

2025-11-05seekingalpha.com

Clearway Energy, Inc. (CWEN.A) Q3 2025 Earnings Call Transcript

2025-10-14globenewswire.com

Clearway Energy, Inc. to Report Third Quarter 2025 Financial Results on November 4, 2025
More information for subscribed users:
detailed calculation of
Fundamental value created in LTM

Financial reporting

Income Statement

Property 2025 q3 2025 q2 2024 q3 2024 q2 2024 q1 2023 q4 2023 q3 2023 q2 2023 q1 2022 q4 2022 q3
date 2025-09-30 2025-06-30 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30
symbol CWEN CWEN CWEN CWEN CWEN CWEN CWEN CWEN CWEN CWEN CWEN
reportedCurrency USD USD USD USD USD USD USD USD USD USD USD
cik 2M 2M 2M 2M 2M 2M 2M 2M 2M 2M 2M
fillingDate 2025-11-05 2025-08-06 2024-10-30 2024-08-01 2024-05-09 2024-02-22 2023-11-02 2023-08-08 2023-05-04 2023-02-23 2022-11-02
acceptedDate 2025-11-04 17:48:49 2025-08-05 17:35:34 2024-10-30 16:50:15 2024-08-01 16:20:50 2024-05-09 13:59:34 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 2025 2025 2024 2024 2024 2023 2023 2023 2023 2022 2022
period Q3 Q2 Q3 Q2 Q1 Q4 Q3 Q2 Q1 Q4 Q3
revenue 429M 392M 486M 366M 331M 249M 371M 406M 288M 268M 340M
costOfRevenue 128M 131M 299M 270M 326M 113M 134M 118M 108M 97M 98M
grossProfit 301M 261M 187M 96M 5M 136M 237M 288M 180M 171M 242M
grossProfitRatio 0.702 0.666 0.385 0.262 0.015 0.546 0.639 0.709 0.625 0.638 0.712
researchAndDevelopmentExpenses 0 0 0 0 0 0 0 0 0 -2M 0
generalAndAdministrativeExpenses 10M 11M 9M 9M 11M 8M 9M 9M 10M 9M 8M
sellingAndMarketingExpenses 0 0 0 0 0 0 0 0 0 0 0
sellingGeneralAndAdministrativeExpenses 10M 11M 9M 9M 11M 8M 9M 9M 10M 9M 8M
otherExpenses 179M 165M 0 12M 16M 20M 15M 9M 128M 135M 129M
operatingExpenses 189M 176M 9M 9M 11M 145M 142M 137M 138M 142M 137M
costAndExpenses 317M 307M 308M 282M 337M 258M 276M 255M 246M 239M 235M
interestIncome 0 0 0 0 0 -202M 48M 0 0 0 0
interestExpense 98M 83M 139M 88M 57M 135M 48M 55M 99M 89M 49M
depreciationAndAmortization 225M 208M 213M 117M 204M 43 812 178M 175M 180M 182M 189M
ebitda 352M 308M 356M 300M 198M 195M 299M 338M 222M 219M 294M
ebitdaratio 0.821 0.786 0.733 0.246 0.598 0.783 0.806 0.833 0.771 0.817 0.865
operatingIncome 112M 85M 178M 84M -6M -22M 94M 149M 42M 37M 105M
operatingIncomeRatio 0.261 0.217 0.366 0.23 -0.018 -0.088 0.253 0.367 0.146 0.138 0.309
totalOtherIncomeExpensesNet -83M -68M -118M -70M -53M 2M 25M 10M -94M -106M -30M
incomeBeforeTax 29M 17M 60M 14M -59M -142M 72M 106M -52M -69M 75M
incomeBeforeTaxRatio 0.068 0.043 0.123 0.038 -0.178 -0.57 0.194 0.261 -0.181 -0.257 0.221
incomeTaxExpense -31M 5M 33M 10M -13M -69M 57M 22M -12M -15M 13M
netIncome 236M 33M 36M 51M -2M 37M 4M 38M -40M -54M 62M
netIncomeRatio 0.55 0.084 0.074 0.139 -0.006 0.149 0.011 0.094 -0.139 -0.201 0.182
eps 2 0.28 0.31 0.44 -0.017 0.32 0.034 0.33 -0.34 -1.54 0.53
epsdiluted 2 0.28 0.31 0.44 -0.017 0.32 0.034 0.33 -0.34 -1.54 0.53
weightedAverageShsOut 118M 118M 118M 117M 117M 117M 117M 117M 117M 35M 117M
weightedAverageShsOutDil 118M 118M 118M 117M 117M 117M 117M 117M 117M 35M 117M
link Link Link Link Link Link Link Link Link Link Link Link
finalLink Link Link Link Link Link Link Link Link Link Link Link

Balance Sheet Statement

Property 2025 q3 2025 q2 2024 q3 2024 q2 2024 q1 2023 q4 2023 q3 2023 q2 2023 q1 2022 q4 2022 q3
date 2025-09-30 2025-06-30 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30
symbol CWEN CWEN CWEN CWEN CWEN CWEN CWEN CWEN CWEN CWEN CWEN
reportedCurrency USD USD USD USD USD USD USD USD USD USD USD
cik 2M 2M 2M 2M 2M 2M 2M 2M 2M 2M 2M
fillingDate 2025-11-05 2025-08-06 2024-10-30 2024-08-01 2024-05-09 2024-02-22 2023-11-02 2023-08-08 2023-05-04 2023-02-23 2022-11-02
acceptedDate 2025-11-04 17:48:49 2025-08-05 17:35:34 2024-10-30 16:50:15 2024-08-01 16:20:50 2024-05-09 13:59:34 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 2025 2025 2024 2024 2024 2023 2023 2023 2023 2022 2022
period Q3 Q2 Q3 Q2 Q1 Q4 Q3 Q2 Q1 Q4 Q3
cashAndCashEquivalents 251M 260M 292M 570M 963M 535M 566M 547M 576M 657M 793M
shortTermInvestments 0 0 0 48M 46M 40M 48M 0 0 0 0
cashAndShortTermInvestments 251M 260M 292M 570M 963M 535M 566M 547M 576M 657M 793M
netReceivables 238M 233M 199M 256M 362M 345M 411M 216M 150M 153M 200M
inventory 71M 70M 63M 60M 58M 55M 55M 51M 49M 47M 48M
otherCurrentAssets 499M 624M 497M 479M 114M 68M 61M 70M 50M 80M 447M
totalCurrentAssets 1 059M 1 187M 1 051M 1 021M 1 497M 1 560M 1 734M 1 289M 1 289M 1 276M 1 488M
propertyPlantEquipmentNet 12 007M 11 991M 10 443M 10 549M 10 361M 10 123M 8 594M 8 298M 8 417M 7 948M 7 956M
goodwill 0 0 0 0 0 0 0 0 0 0 0
intangibleAssets 2 343M 2 280M 2 170M 2 285M 2 331M 2 374M 2 424M 2 471M 2 518M 2 565M 2 615M
goodwillAndIntangibleAssets 2 343M 2 280M 2 170M 2 285M 2 331M 2 374M 2 424M 2 471M 2 518M 2 565M 2 615M
longTermInvestments 414M 297M 322M 438M 460M 360M 373M 352M 346M 364M 377M
taxAssets 26M 0 58M 35M 111M 127M 152M 118M 98M 0 0
otherNonCurrentAssets 217M 278M 205M 189M 102M 157M 93M 96M 81M 159M 160M
totalNonCurrentAssets 15 007M 14 846M 13 198M 13 496M 13 365M 13 141M 11 636M 11 335M 11 460M 11 036M 11 108M
otherAssets 0 0 0 0 0 0 0 0 0 0 0
totalAssets 16 066M 16 033M 14 249M 14 517M 14 862M 14 701M 13 370M 12 624M 12 749M 12 312M 12 596M
accountPayables 182M 200M 78M 86M 123M 161M 145M 124M 70M 55M 68M
shortTermDebt 342M 460M 412M 412M 565M 558M 522M 330M 366M 322M 493M
taxPayables 0 0 0 0 0 0 0 0 0 0 0
deferredRevenue 0 0 0 0 0 136M 123M 108M 0 119M 125M
otherCurrentLiabilities 163M 174M 171M 203M 186M 51M 54M 44M 202M 121M 122M
totalCurrentLiabilities 687M 834M 661M 701M 874M 906M 844M 606M 638M 617M 808M
longTermDebt 8 876M 8 886M 7 302M 7 423M 7 579M 8 106M 7 596M 7 286M 7 346M 7 039M 7 060M
deferredRevenueNonCurrent 0 0 0 626M 642M 281M 271M 259M 0 0 0
deferredTaxLiabilitiesNonCurrent 21M 42M 58M 35M 111M 127M 152M 118M 98M 119M 125M
otherNonCurrentLiabilities 693M 691M 595M 641M 609M 287M 239M 213M 505M 504M 6 986M
totalNonCurrentLiabilities 9 590M 9 619M 7 955M 8 099M 8 941M 8 801M 8 258M 7 876M 7 949M 7 662M 7 672M
otherLiabilities 0 0 0 0 0 0 0 0 0 0 0
capitalLeaseObligations 792M 635M 570M 626M 642M 627M 601M 578M 577M 548M 541M
totalLiabilities 10 277M 10 453M 8 616M 8 800M 9 815M 9 707M 9 102M 8 482M 8 587M 8 279M 8 480M
preferredStock 0 0 0 0 0 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 1 000 000 1 000 000 1 000 000 1 000 000 1 000 000
retainedEarnings 372M 188M 301M 314M 311M 361M 370M 412M 419M 463M 494M
accumulatedOtherComprehensiveIncomeLoss -13M -10M 1 000 000 5M 5M 7M 11M 9M 8M 9M 10M
othertotalStockholdersEquity 5 355M 1 670M 1 831M 1 830M 1 741M 1 731M 1 728M 1 718M 1 719M 1 761M 1 786M
totalStockholdersEquity 5 715M 1 849M 2 134M 2 150M 2 058M 2 100M 2 110M 2 140M 2 147M 2 234M 2 291M
totalEquity 5 789M 5 580M 2 143M 5 717M 5 047M 4 994M 4 268M 4 142M 2 147M 2 234M 2 291M
totalLiabilitiesAndStockholdersEquity 16 066M 16 033M 14 249M 14 517M 14 862M 14 701M 13 370M 12 624M 12 749M 12 312M 12 596M
minorityInterest 74M 3 731M 9M 3 567M 2 989M 2 894M 2 158M 2 002M 2 015M 1 799M 0
totalLiabilitiesAndTotalEquity 16 066M 16 033M 14 249M 14 517M 14 862M 14 701M 13 370M 12 624M 12 749M 12 312M 12 596M
totalInvestments 414M 297M 322M 438M 460M 360M 373M 352M 346M 364M 377M
totalDebt 9 218M 9 346M 7 714M 7 835M 8 786M 8 664M 8 118M 7 616M 7 712M 7 361M 7 553M
netDebt 8 967M 9 086M 7 422M 7 265M 7 823M 8 129M 7 552M 7 069M 7 136M 6 704M 6 760M
link Link Link Link Link Link Link Link Link Link Link Link
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Cash Flow Statement

Property 2025 q3 2025 q2 2024 q3 2024 q2 2024 q1 2023 q4 2023 q3 2023 q2 2023 q1 2022 q4 2022 q3
date 2025-09-30 2025-06-30 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30
symbol CWEN CWEN CWEN CWEN CWEN CWEN CWEN CWEN CWEN CWEN CWEN
reportedCurrency USD USD USD USD USD USD USD USD USD USD USD
cik 2M 2M 2M 2M 2M 2M 2M 2M 2M 2M 2M
fillingDate 2025-11-05 2025-08-06 2024-10-30 2024-08-01 2024-05-09 2024-02-22 2023-11-02 2023-08-08 2023-05-04 2023-02-23 2022-11-02
acceptedDate 2025-11-04 17:48:49 2025-08-05 17:35:34 2024-10-30 16:50:15 2024-08-01 16:20:50 2024-05-09 13:59:34 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 2025 2025 2024 2024 2024 2023 2023 2023 2023 2022 2022
period Q3 Q2 Q3 Q2 Q1 Q4 Q3 Q2 Q1 Q4 Q3
netIncome 60M 12M 27M 51M -2M -73M 15M 84M -40M -54M 62M
depreciationAndAmortization 225M 208M 213M 202M 204M 183M 178M 175M 175M 182M 170M
deferredIncomeTax -26M 2M 24M 9M -10M -36M 40M 20M -11M -13M 10M
stockBasedCompensation 0 0 0 0 0 0 0 -52M 0 0 0
changeInWorkingCapital 117M -16M 56M -69M -71M 32M 66M -100M -68M 39M 101M
accountsReceivables 0 0 0 0 0 0 0 0 0 0 0
inventory 0 0 0 0 0 0 0 0 0 0 0
accountsPayables 0 0 0 0 0 0 0 0 0 0 0
otherWorkingCapital 117M -16M 56M -69M -71M 32M 66M -100M -68M 39M 101M
otherNonCashItems -151M -15M -19M 407M 368M 4M 6M 7M 19M 26M -15M
netCashProvidedByOperatingActivities 225M 191M 301M 196M 81M 206M 287M 134M 75M 180M 328M
investmentsInPropertyPlantAndEquipment -81M -76M -35M -104M -98M -151M -34M -21M -88M -17M -14M
acquisitionsNet -117M -73M -14M 632M 96M 621M -14M -2M 2M -70M -217M
purchasesOfInvestments 0 0 0 0 0 30M -18M 0 0 0 0
salesMaturitiesOfInvestments 0 0 3M 31M 4M -14M 4M 0 0 0 0
otherInvestingActivites -143M -203M -1 380M 189M 2M -722M -93M -7M 0 52M 0
netCashUsedForInvestingActivites -341M -352M -1 426M 748M 4M -252M -155M -30M -86M -35M -231M
debtRepayment -290M 4M 0 -1 253M -92M -965M -78M -102M -204M -330M -146M
commonStockIssued 0 0 0 0 0 0 0 0 0 0 0
commonStockRepurchased 0 0 0 0 0 0 0 0 0 0 0
dividendsPaid -90M -89M -85M -83M -81M -80M -78M -77M -76M -139M -73M
otherFinancingActivites 351M 321M -85M -1 000 000 207M 986M 262M -20M 308M 164M -10M
netCashUsedProvidedByFinancingActivities -29M 236M -170M -1 337M -173M -59M 106M -199M 28M -305M -229M
effectOfForexChangesOnCash 0 0 0 0 0 -1 021M -223M 1 244M 0 0 0
netChangeInCash -145M 75M 104M -393M -88M -105M 238M -95M 17M -160M -132M
cashAtEndOfPeriod 641M 786M 674M 570M 963M 1 051M 1 156M 918M 1 013M 996M 1 156M
cashAtBeginningOfPeriod 786M 711M 570M 963M 1 051M 1 156M 918M 1 013M 996M 1 156M 1 288M
operatingCashFlow 225M 191M 301M 196M 81M 206M 287M 134M 75M 180M 328M
capitalExpenditure -81M -76M -35M -104M -98M -151M -34M -21M -88M -17M -14M
freeCashFlow 144M 115M 266M 92M -17M 55M 253M 113M -13M 163M 314M
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Earning call transcript

2025 q3
2025-11-05 ET (fiscal 2025 q3)
2025 q2
2025-08-06 ET (fiscal 2025 q2)
2025 q1
2025-04-30 ET (fiscal 2025 q1)
2024 q4
2025-02-24 ET (fiscal 2024 q4)
2024 q3
2024-10-30 ET (fiscal 2024 q3)
2024 q2
2024-08-01 ET (fiscal 2024 q2)
2024 q1
2024-05-09 ET (fiscal 2024 q1)
2023 q4
2024-02-22 ET (fiscal 2023 q4)
2023 q3
2023-11-02 ET (fiscal 2023 q3)
2023 q2
2023-08-08 ET (fiscal 2023 q2)
2023 q1
2023-05-04 ET (fiscal 2023 q1)
2022 q4
2023-02-23 ET (fiscal 2022 q4)
2022 q3
2022-11-02 ET (fiscal 2022 q3)
2022 q2
2022-08-02 ET (fiscal 2022 q2)
2022 q1
2022-05-05 ET (fiscal 2022 q1)

SEC forms

Show financial reports only

SEC form 8
2025-12-02 06:00 ET
Clearway Energy published news for 2025 q3
SEC form 8
2025-12-02 06:00 ET
Clearway Energy published news for 2025 q3
SEC form 10
2025-11-04 22:48 ET
Clearway Energy reported for 2025 q3
SEC form 8
2025-11-04 16:02 ET
Clearway Energy reported for 2025 q3
SEC form 8
2025-11-04 16:02 ET
Clearway Energy published news for 2025 q3
SEC form 10
2025-08-05 21:35 ET
Clearway Energy reported for 2025 q2
SEC form 8
2025-08-05 20:06 ET
Clearway Energy reported for 2025 q2
SEC form 8
2025-08-05 20:06 ET
Clearway Energy published news for 2025 q2
SEC form 10
2025-04-30 21:42 ET
Clearway Energy reported for 2025 q1
SEC form 10
2025-02-24 22:52 ET
Clearway Energy reported for 2024 q4
SEC form 8
2025-02-24 16:04 ET
Clearway Energy reported for 2024 q4
SEC form 8
2025-02-24 16:04 ET
Clearway Energy published news for 2024 q4
SEC form 10
2024-10-30 16:50 ET
Clearway Energy reported for 2024 q3
SEC form 8
2024-10-30 06:05 ET
Clearway Energy published news for 2024 q3
SEC form 8
2024-10-30 06:05 ET
Clearway Energy reported for 2024 q3
SEC form 10
2024-08-01 16:20 ET
Clearway Energy reported for 2024 q2
SEC form 8
2024-08-01 06:01 ET
Clearway Energy reported for 2024 q2
SEC form 8
2024-08-01 06:01 ET
Clearway Energy published news for 2024 q2
SEC form 10
2024-05-09 13:59 ET
Clearway Energy reported for 2024 q1
SEC form 10
2024-02-22 16:38 ET
Clearway Energy reported for 2023 q4
SEC form 8
2024-02-22 06:13 ET
Clearway Energy reported for 2023 q4
SEC form 8
2024-02-22 06:13 ET
Clearway Energy published news for 2023 q4
SEC form 10
2023-11-02 13:38 ET
Clearway Energy reported for 2023 q3
SEC form 8
2023-11-02 06:02 ET
Clearway Energy reported for 2023 q3
SEC form 10
2023-08-08 14:26 ET
Clearway Energy reported for 2023 q2
SEC form 6
2023-08-08 06:06 ET
Clearway Energy reported for 2023 q2
SEC form 6
2023-07-13 06:38 ET
Clearway Energy published news for 2023 q2