Clearway Energy, Inc. (CWEN) is a publicly traded company in the Utilities — Renewable Utilities industry listed on NYSE. This overview shows the latest price, key valuation ratios, profitability metrics and financial-health indicators used by fundamental investors.
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 around 2,500 net MW derived from natural gas generation facilities. The firm, founded in 2012 and headquartered in Princeton, New Jersey, was formerly known as NRG Yield, Inc. until it adopted the Clearway Energy, Inc.
Is Clearway Energy, Inc. stock overvalued or undervalued in 2026?
Clearway Energy, Inc. (CWEN) trades at 43.3× earnings (P/E), above the median of the 83 utilities companies over $2bn in Kaplio's universe. At the decade median (41.0×) $31 (-5 %); at its sector median (20.7×) $16 (-52 %).
Kaplio overview: Clearway Energy, Inc.
Market cap $7B · 52 weeks $29 – $41 (19 % below the high) · P/E 43.3× · 2027 expected P/E 45.4× · Dividend 5.4 % · Next earnings November 9, 2026 · expected EPS $0.83 · Closing price, Oct 29 · accounts published Aug 5.
- Valuation: P/E 43.3× (fairly priced).
- Business: ROE 2.0 % (weak).
- Balance sheet: Net debt/EBITDA 8.6× (fragile).
- Earnings: 3 of 8 (disappointing).
What would it be worth at its usual multiples?
At the decade median (41.0×) $31 (-5 %); at its sector median (20.7×) $16 (-52 %). Implied price from applying the reference multiples to today's earnings (or book value, or FFO) per share. Not a fair value: it is where the stock would trade at its usual multiples.
What matters in utilities: 1 of 6 pass
- Regulated ROE (8-12%) 2.0 %, fails.
- 5y EPS growth 45.6 %, fails.
- Net debt / EBITDA 8.6×, fails.
- Interest coverage 0.5×, fails.
- Payout Ratio 211.8 %, fails.
- 10y dividend growth 6.2 %, passes.
Against its peers (reference peers) — Clearway Energy, Inc.: P/E 43.3×; EV/EBITDA 14.0×; ROIC 1.4 %; $6.8B. Ormat Technologies, Inc. (P/E 42.9×; EV/EBITDA 16.6×; ROIC 2.7 %; $5.4B), Brookfield Renewable Partners L.P. (P/E 63.1×; EV/EBITDA 9.6×; ROIC -0.6 %; $8.7B), Southwest Gas Holdings, Inc. (P/E 12.9×; EV/EBITDA 11.4×; ROIC 62.3 %; $6.7B).
Expensive or cheap against its last ten years?
P/E at each close: today 43.3× · median 41.0× · minimum 28.2× · maximum 91.0× · cheap below 38.4× · expensive above 51.4×. It has been cheaper than today 64% of the time over its last ten years.
Dividend
fragile · Yield 5.4 % ($3.01 per share in 2025) · Years raising it 2 · 5-year growth +10 % a year · Free cash flow coverage 1.3× · With $1,000 invested today you'd collect $54.10 a year ($4.51 a month).
Profitability
| Return on Equity | 1.96% |
| Return on Invested Capital | 1.37% |
| Return on Assets | 0.54% |
| Gross Margin | 52.99% |
| Operating Margin | 14.36% |
| Net Margin | 5.78% |
Financial Health
| Debt / Equity | 1.81 |
| Current Ratio | 1.21 |
| Piotroski F-Score | 4 |
| Altman Z-Score | 0.37 |
Price Performance
| 1 month | +12.33% |
| 3 months | +3.62% |
| Year-to-date | -1.14% |
| 1 year | +3.59% |
| 3 years | +51.45% |
| 5 years | -7.33% |
| 10 years | +113.51% |
Dividend History
Paid in the last 12 months: $1.8556 per share in 4 payments.
| Date | Amount |
|---|---|
| 2026-09-01 | $0.4750 |
| 2026-06-01 | $0.4676 |
| 2026-03-02 | $0.4602 |
| 2025-12-01 | $0.4528 |
| 2025-09-02 | $0.4456 |
| 2025-06-02 | $0.4384 |
| 2025-03-03 | $0.4312 |
| 2024-12-02 | $0.4240 |
| 2024-09-03 | $0.4171 |
| 2024-06-03 | $0.4102 |
Amounts adjusted for stock splits.
Related companies: PCG · CMS · CIG-C · BEP · IDA · CIG · ORA · SWX
Explore sector: Utilities · Renewable Utilities
More sections of CWEN: Financials · Valuation · Statistics · Estimates · Technical · Ownership · News · Events
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