Want to see CWEN full AI Analyst Report?
Clearway Energy (CWEN) AI Stock Analysis
Clearway Energy
(NYSE:CWEN)
CWEN’s score is driven primarily by strong recent operating/free cash flow, which helps support the business and dividend, but is tempered by meaningful leverage and volatile earnings quality. Technically, the stock remains in a weak longer-term trend with only neutral momentum signals. Valuation is mixed: a high dividend yield helps, but the P/E is elevated. The earnings call adds balanced context—near-term guidance was revised down, while long-term CAFD/share targets and a commercialized growth pipeline remain supportive.
Clearway Energy Key Performance Indicators (KPIs)
Net Income BreakdownAnalyzes the components contributing to net income, providing insight into profitability and how different factors like costs, taxes, and interest impact the bottom line.
Clearway’s net income is dominated by large, seasonal and accounting-driven swings in Renewables (strong summer gains, deep Q4/Q1 losses) while Corporate contains episodic one‑offs (a massive mid‑2022 gain and a large late‑2025 charge) that distort the trend. Conventional is the steadier cash engine but has softened recently; Thermal has effectively gone to zero. Management’s call underscores improving CAFD and a well‑commercialized growth pipeline, so focus on CAFD/project commercialization rather than noisy GAAP net income—while acknowledging resource timing and permitting remain execution risks.
The FlyClearway Energy (CWEN) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- $6.58B
- Dividend Yield
- 5.79%
- Average Volume (3M)
- 1.17M
- Price to Earnings (P/E)
- 42.1
- Beta (1Y)
- 0.10
- Revenue Growth
- 7.99%
- EPS Growth
- 22.73%
- Country
- US
- Employees
- 60
- Sector
- Utilities
- Sector Strength
- 66
- Industry
- Renewable Utilities
Clearway Energy Business Overview & Revenue Model
Company Description
Clearway Energy, Inc. (CWEN) operates as an energy company primarily focused on renewable power generation across the United States. Its diverse portfolio includes approximately 5,000 net megawatts (MW) of installed wind and solar projects, alongside...
How the Company Makes Money
Clearway Energy makes money primarily by generating electricity at its owned power plants and selling that electricity (and, where applicable, associated environmental attributes) under long-term contracted arrangements that are designed to produce p...
Clearway Energy Earnings Call Summary
The call presents strong long-term conviction driven by a sizable and increasingly commercialized development pipeline, clear multi-year capital plans, accretive contracting actions, and a path to deliver top-end 2030 targets. Near-term results were impacted by weather-driven resource shortfalls that prompted a downward revision to 2026 CAFD guidance and introduced near-term sensitivity. Management emphasizes that the underlying fleet earnings power remains intact and that most growth investments are derisked and ready to be funded from a mix of retained cash flow, debt and modest equity issuance. Overall, the positive long-term visibility and multiple accretive actions outweigh the transitory operational headwinds.
Q2-2026 Updates
Positive Updates
Negative Updates
Company Guidance
Clearway revised its 2026 CAFD guidance down to $430M–$470M (from $470M–$510M) due to lower H1 renewable resource tied to ENSO; Q2 reported adjusted EBITDA $409M and CAFD $167M (YTD adjusted EBITDA $666M, YTD CAFD $237M). Management reaffirmed a 2027 CAFD/share target of $2.70+ and is targeting the top end or better of a 2030 CAFD/share goal (cited as ~$3.10), with conviction in delivering 7%–8%+ CAGR in CAFD/share from 2025–2030 and a long-term objective of 5%–8%+. To fund growth, Clearway expects to deploy ~$3.0B of corporate capital from 2026–2029 (with >$2.0B already identified for 2027–2029 and ~70% of needed investment commercialized), including a ~2 GW 2029 solar+storage cohort representing ~$650M of potential corporate capital, plus a ~$600M “powering” program targeted at 11%–12% CAFD yields. Funding assumptions include >$500M of retained cash flow over 2026–2029, >$1.5B of corporate debt expected in that period ($600M already raised), $0.5B–$1.0B of external equity expected ($50M raised), a target corporate leverage of 4.0–4.5x (BB rating) and a long‑term payout ratio goal of <70%; Clearway also highlights additional upside from Clearway Group’s digital infrastructure pipeline (17 GW total, >6 GW in MISO South/Wyoming) with initial generating capacity expected to begin in 2029.
Clearway Energy Financial Statement Overview
Summary
Cash flow is a key strength (TTM operating cash flow $1.42B; free cash flow $0.93B, up sharply), supporting flexibility in a capital-intensive business. Offsetting this, the balance sheet is meaningfully levered (TTM debt $9.89B; elevated debt-to-equity historically) and profitability/earnings quality is mixed with modest net margins (~5.8% TTM) and notable volatility.
Income Statement
62PositiveBalance Sheet
38NegativeCash Flow
74Positive| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.57B | 1.43B | 1.37B | 1.31B | 1.19B | 1.29B |
| Gross Profit | 834.00M | 217.00M | 870.00M | 841.00M | 755.00M | 835.00M |
| EBITDA | 1.17B | 1.10B | 1.08B | 1.03B | 2.20B | 904.00M |
| Net Income | 91.00M | 169.00M | 88.00M | 79.00M | 582.00M | 51.00M |
Balance Sheet | ||||||
| Total Assets | 16.77B | 16.66B | 14.33B | 14.70B | 12.31B | 12.81B |
| Cash, Cash Equivalents and Short-Term Investments | 251.00M | 818.00M | 332.00M | 535.00M | 657.00M | 179.00M |
| Total Debt | 9.89B | 10.20B | 7.75B | 8.66B | 7.36B | 8.27B |
| Total Liabilities | 11.18B | 10.74B | 8.77B | 9.71B | 8.28B | 9.51B |
| Stockholders Equity | 5.47B | 1.92B | 2.06B | 2.10B | 2.23B | 1.83B |
Cash Flow | ||||||
| Free Cash Flow | 671.00M | 369.00M | 483.00M | 408.00M | 675.00M | 550.00M |
| Operating Cash Flow | 1.02B | 688.00M | 770.00M | 702.00M | 787.00M | 701.00M |
| Investing Cash Flow | -669.00M | 321.00M | -725.00M | -523.00M | 1.13B | 88.00M |
| Financing Cash Flow | -591.00M | -924.00M | -363.00M | -124.00M | -1.57B | -600.00M |
Clearway Energy Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CWEN, the sentiment is Neutral. The current price of 32.03 is above the 20-day moving average (MA) of 30.84, above the 50-day MA of 30.84, and below the 200-day MA of 34.90, indicating a neutral trend. The MACD of 0.51 indicates Negative momentum. The RSI at 58.01 is Neutral, neither overbought nor oversold. The STOCH value of 85.75 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for CWEN.
Clearway Energy Risk Analysis
Clearway Energy disclosed 50 risk factors in its most recent earnings report. Clearway Energy reported the most risks in the "Finance & Corporate" category.
Latest Risks Added
0 New RisksClearway Energy Peers Comparison
Overall Rating
MWH66Neutral
BEPC62Neutral
RNW61Neutral
ORA55Neutral- CWEN54Neutral
XIFR45Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| MWH | 66Neutral | $4.71B | 54.12 | 19.16% | ― | ― | ― |
| Sector * | 66Neutral | $17.65B | 18.10 | 5.60% | 3.62% | 6.62% | 11.55% |
| BEPC | 62Neutral | $5.41B | -1.12 | 243.54% | 5.31% | -2.38% | -301.98% |
| RNW | 61Neutral | $2.50B | 20.90 | 9.00% | ― | 14.06% | 11.99% |
| ORA | 55Neutral | $5.52B | 43.12 | 4.96% | 0.54% | 31.13% | -4.27% |
| CWEN | 54Neutral | $6.57B | 42.14 | 1.96% | 5.79% | 7.99% | 22.73% |
| XIFR | 45Neutral | $1.83B | 14.15 | 1.97% | ― | -2.84% | ― |
* Utilities Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| CWEN | Clearway Energy | 32.03 | 1.15 | 3.71% | |
| ORA | Ormat Technologies | 89.69 | -17.68 | -16.46% | |
| XIFR | Xplr Infrastructure, Lp | 9.48 | -0.33 | -3.36% | |
| BEPC | Brookfield Renewable Corporation | 29.15 | -13.12 | -31.04% | |
| RNW | Renew Energy Global Plc | 6.85 | -0.69 | -9.15% | |
| MWH | Solv Energy | 23.27 | -7.40 | -24.13% |
Clearway Energy Corporate Events
Clearway Energy Expands Battery Storage Portfolio Via Agreement
PositiveOn October 1, 2026, a Clearway Energy subsidiary agreed to acquire membership interests in Honeycomb 2 TargetCo LLC from an affiliate of Clearway Energy Group for a base cash purchase price of about $119 million, subject to financial model-based adju...
Clearway Energy Expands Portfolio With Major Swan Solar Deal
PositiveOn September 23, 2026, Clearway Energy subsidiary Swan Purchaser LLC agreed to acquire membership interests in Swan TargetCo LLC from Swan CE Seller LLC, an affiliate of Clearway Energy Group, for a base price of about $230 million in cash, subject t...
Clearway Energy Announces New Finance Leadership Team
PositiveOn September 8, 2026, Clearway Energy, Inc. announced a set of senior finance and accounting leadership changes effective October 1, 2026 and immediately, signaling a deeper integration with its controlling investor Clearway Energy Group LLC. Chief F...
Clearway Energy Launches $100 Million At-The-Market Program
PositiveOn August 6, 2026, Clearway Energy, Inc. entered into an equity distribution agreement with several major banks, allowing it to sell up to $100 million of Class C common stock through an at-the-market offering program on the New York Stock Exchange....
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.
Date of analysis: Oct 07, 2026