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← CockpitCompetitor Analysis › CWEN Clearway Energy, Inc. Class COpen in the cockpit ↗

Clearway Energy, Inc. Class CCWENCompetitor analysis, valuation and peers

United States · USD·Utilities›Alternative Power Generation
Momentum strong 62
Mkt cap
$7.00B
US dollars, full cap
Free float
99%
of shares outstanding
$/day
$47.5M
20-day average traded
Fwd P/E
56.4×
forward earnings
ROIC−WACC
-5.8 pp
WACC 6.9%
Hurdle
+31 pp
Req g minus delivered
Next earnings
3 days
9 Nov 2026
Close · USD$34.10
1D-0.5%
1W+6.5%
1M+13.9%
3M+3.2%
6M-10.6%
YTD+2.5%
1Y-1.6%
ATR %3.0%
Beta0.76
52w lowhigh18.3% off high

What Clearway Energy does

No business profile yet.

Clearway Energy at a glance

Size Clearway Energy (CWEN) is a United States Utilities company (Alternative Power Generation) with a market value of $7.00B, the 962nd largest of 3,117 United States companies the cockpit tracks. Shares closed at $34.10 on 6 Nov 2026.

Performance Over six months the shares fell 10.6%, against -11.8% for the median peer and -1.1% for the United States market (cap-weighted) — 9th highest of 19 in its peer set.

Growth Revenue grew 8.0% over the last twelve months (peer median +4.9%); the operating margin is 13.2% (peer median 26.3%).

Valuation It trades at 56.4× forward earnings against a peer median of 19.4× (4th most expensive of 18).

Price implies For today's price to make sense, revenue must grow about 33% a year for seven years (Req g). Recent delivered growth is +2%, so the hurdle is +31 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.

Capital Return on invested capital runs 5.8 points below its cost of capital (6.9% WACC).

Short interest Short interest is 6.5% of the free float (15 Oct 2026).

Next results Next results expected around 9 Nov 2026 (exchange calendar; dates can move).

Relative performance

809010011 May 202611 Aug 20266 Nov 2026CWEN 89Peer median 87
Six months, rebased to 100: Clearway Energy against the median of its 19 peers (local-currency closes).

Clearway Energy financials

Reported figures in USD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue$1.54B$1.45B$1.41B$1.48B$1.55B
Revenue growth—+3%-5%-4%—
Gross profit$249M$241M$278M$296M$425M
EBITDA$1.16B$1.09B$1.06B$987M$1.08B
Net income$91.0M$169M$88.0M$79.0M$582M
Free cash flow$671M$369M$483M$490M$675M
Capital expenditure$346M$319M$287M$212M$112M
Total debt$9.89B$9.42B$7.76B$8.67B$7.37B

Quarterly statements and history in the cockpit →

Clearway Energy competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-40%-20%0%+20%-10%0%+10%NTPCGREENANEENLT000883600483ERG0916600905TLN000591RNWSLR600930ADANIGREENBIPAKSO601033600167CWEN6-month return →1-month return →
Up and to the right = strong over both horizons. Clearway Energy is the large dot.

Fundamentals: revenue growth against valuation

0%+20%+40%0×25×50×75×NTPCGREENANE000883600483ERG0916600905TLN000591RNWSLR600930ADANIGREENBIPAKSO601033600167CWENRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Clearway Energy is the large dot.

Capital: growth delivered against growth the price implies

0%+20%0%20%000883600483ERG0916TLNAKSO601033600167CWENGrowth delivered (Del g) →Growth the price implies (Req g, 7 yrs) →
Above the diagonal = the price needs more growth than the company has been delivering; below = the price already allows for a slowdown. Clearway Energy is the large dot.

Clearway Energy competitors and peer comparison

How Clearway Energy compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Clearway Energy against its 19 peers (data as of 6 Nov 2026)
MeasureCWENPeer medianRank in peer set
1-month return+13.9%+0.4%highest of 20
6-month return-10.6%-11.8%9th highest of 19
Distance from 52-week high-18.3%-25.7%8th highest of 20
Revenue growth (TTM)+8.0%+4.9%9th highest of 20
Operating margin13.2%26.3%3rd lowest of 20
Forward P/E56.4×19.4×4th most expensive of 18
Growth the price implies (Req g, 7 yrs)33.1%-0.4%most demanding of 10
Growth delivered (Del g)+2.4%+0.2%4th highest of 10
Hurdle (Req g minus delivered)+30.6 pp-0.9 pp2nd most demanding of 10
ROIC minus cost of capital-5.8 pp-1.1 pp5th lowest of 20
EV / EBITDA17.4×11.5×4th most expensive of 11
Net debt / EBITDA8.1×6.1×4th most indebted of 11

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
Clearway Energy CWENUnited States$7.00B-11%+8%13%56.4×33.1%+2.4%
NTPC Green Energy NTPCGREEN.NSIndia$7.37B-24%+49%50%59.8×n/an/a
Corporacion Acciona Energias Renovables ANE.MCSpain$8.06B-7%-14%18%21.1×n/an/a
Enlight Renewable Energy ENLTUnited States$9.57B-25%+29%51%n/an/an/a
Hubei Energy 000883.SZChina$4.58B-11%-5%15%17.6×-0.4%+0.6%
Fujian Funeng 600483.SSChina$4.53B+9%-1%22%10.7×-4.9%+7.5%
ERG ERG.MIItaly$3.77B-3%+5%28%19.4×10.0%-2.8%
China Longyuan Power 0916.HKHong Kong$13.8B-17%-6%27%11.5×0.6%+0.2%
China Three Gorges Renewables (Group) 600905.SSChina$14.7B-16%-8%17%39.8×n/an/a
Talen Energy TLNUnited States$14.7B-12%+20%20%13.0×21.1%-10.0%
Fervo Energy FRVOUnited States$2.66Bn/a-31%-35,367%n/an/an/a
CECEP Solar Energy 000591.SZChina$2.65B-9%-13%28%17.4×0.4%-1.5%
ReNew Energy Global RNWUnited States$2.53B+23%+11%42%26.4×n/an/a
Solaria Energia y Medio Ambiente SLR.MCSpain$2.40B-33%+26%92%11.2×n/an/a
Huadian New Energy 600930.SSChina$24.5B-35%+32%27%27.1×n/an/a
Adani Green Energy ADANIGREEN.NSIndia$24.7B+4%+21%61%87.9×n/an/a
Brookfield Infrastructure Partners L.P BIPUnited States$25.6B+7%+16%25%71.0×n/an/a
Aker Solutions AKSO.OLNorway$1.89B-17%-9%5%5.8×-14.7%+16.9%
Grandtop Yongxing 601033.SSChina$1.83B-2%+6%26%14.0×-5.1%+18.4%
Luenmei Quantum 600167.SSChina$1.76B-21%-11%15%19.4×-8.9%-2.1%

Questions

Which companies are Clearway Energy's closest peers?
The cockpit's peer set: NTPC Green Energy (NTPCGREEN.NS), Corporacion Acciona Energias Renovables (ANE.MC), Enlight Renewable Energy (ENLT), Hubei Energy (000883.SZ), Fujian Funeng (600483.SS), ERG (ERG.MI), China Longyuan Power (0916.HK), China Three Gorges Renewables (Group) (600905.SS).
Is Clearway Energy expensive compared with its peers?
On forward p/e it trades at 56.4× against a peer median of 19.4×, 4th most expensive of 18 in its peer set. For today's price to make sense, revenue must grow about 33% a year for seven years (Req g). Recent delivered growth is +2%, so the hurdle is +31 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
How has Clearway Energy stock performed?
Over six months to 6 Nov 2026 the shares returned -10.6% against -11.8% for the median peer; over one year -1.6%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.