Clearway Energy, Inc.

Clearway Energy, Inc.

CWEN
Clearway Energy, Inc.US flagNew York Stock Exchange
31.14
USD
-0.45
- -
6.40BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
8.41
14.79
11.52
10.56
10.19
10.12
9.47
10.43
10.99
10.17
11.23
11.62
12.01
13.12
Basic EPS, GAAP
0.28
0.29
0.39
0.58
-0.16
0.46
-0.1
0.22
0.44
4.97
0.68
0.75
1.42
0.76
Free Cash Flow per Basic Share
2.61
6.46
5.06
5.89
5.22
4.79
4.38
4.74
5.81
6.73
5.3
6.53
5.55
7.54
Dividend per Share
0.33
1.8
1.65
1.77
2.04
2.29
1.42
1.83
2.29
2.47
2.66
2.83
3.01
3.1
Book Value per Share
27.94
35.68
18.91
19
17.59
16.91
16.31
15.71
15.76
19.1
17.95
17.57
16.11
9.02
Tangible Book Value per Share
23.37
-5.49
4.92
5.62
5.23
6.18
3.71
3.92
-5.71
-2.84
-2.34
-1.11
-3.65
-2.62
Basic Weighted Avg Shares
46
56
84
98
99
104
109
115
117
117
117
118
119
120
Sales/Revenue/Turnover
387
828
968
1,035
1,009
1,053
1,032
1,199
1,286
1,190
1,314
1,371
1,429
1,574
Operating Margin (%)
40.83
37.44
34.09
39.42
32.71
34.85
25.19
30.53
21.77
16.89
21.23
14.88
12.32
14.87
Depreciation Expense
75
263
358
379
404
405
472
518
655
684
711
809
869
934
Net Income, GAAP
13
16
33
57
-16
48
-11
25
51
582
79
88
169
91
Effective Tax Rate (%)
6.11
3.57
14.29
- -
150
53.45
- -
- -
- -
17.32
- -
- -
- -
- -
Profit Margin (%)
3.36
1.93
3.41
5.51
-1.59
4.56
-1.07
2.09
3.97
48.91
6.01
6.42
11.83
5.78
Working Capital
9
247
-73
165
-58
52
-1,449
74
-100
659
654
349
134
182
LT Debt
1,569
4,697
5,329
5,726
5,659
5,447
5,183
6,930
7,500
7,039
8,106
7,319
8,694
9,320
Total Equity
1,252
2,625
2,738
2,599
2,159
2,224
2,262
2,715
3,300
4,032
4,994
5,564
5,914
5,597
Return on Invested Capital (%)
6.34
5.65
3.56
- -
-1.96
2.09
- -
- -
- -
1.45
- -
- -
- -
- -
Return on Capital (%)
-1.46
3.33
2.81
- -
-1.84
2.3
- -
- -
- -
2.58
- -
- -
- -
- -
Return on Common Equity (%)
1.77
1.72
2.15
3.09
-0.89
2.69
-0.6
1.36
2.79
28.62
3.65
4.23
8.48
4.92

Capital Structure

FRC

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
708
612
570
LT Borrowings
7,898
8,504
8,491
LT Finance Leases
796
826
829
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
119
121
205
Market Capitalization
3,973
4,750
7,016

Working Capital

FRC

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
1,152
1,057
1,062
Cash, Cash Equivalents & STI
231
325
251
Accounts Receivable, Net
162
198
296
Inventories
75
87
88
Total Current Liabilities
1,018
955
880
Payables & Accruals
258
309
296
ST Debt
708
612
570
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
8.8%
17.06%
6.29%
Free Cash Flow
6.1%
5.86%
-14.16%
Net Income, GAAP
25.67%
232.44%
92.05%
Sales/Revenue/Turnover
4.17%
3.76%
4.23%
Total Cash Common Dividend
11.74%
11.41%
7.19%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
263
366
486
256
1,371
2025
298
392
429
310
1,429
2026
354
481
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.02
0.44
0.31
- -
0.75
2025
-0.03
0.25
2
- -
1.42
2026
-1.35
1.01
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.69
0.71
0.72
- -
2.83
2025
0.74
0.75
0.76
- -
3.01
2026
0.79
0.79
- -
- -
- -

Company Description

CEO
Craig Cornelius
Full Time Employees
60
Sector
Utilities
Industry
Renewable Utilities
Address
300 Carnegie Center Princeton NJ United States of America 08540-6213
IPO Date
Jul 16, 2013
Business
Clearway Energy, Inc. Clearway Energy, Inc. (NYSE: CWEN, CWEN.A) owns and operates one of the largest portfolios of clean energy generation assets in the United States, comprising approximately 12 GW of gross capacity across 27 states, including 9.2 GW of wind, solar, and battery energy storage assets as well as over 2.8 GW of dispatchable natural gas-fired power generation that provides critical grid reliability services; the company manages more than 350 operating projects in 35 states, delivering reliable electricity primarily under long-term contracts to utilities, corporations, governments, and other wholesale and retail customers. Headquartered in Princeton, New Jersey, Clearway Energy focuses on utility-scale wind and solar facilities, community solar and distributed energy projects, battery storage systems, and efficient natural gas plants, with in-house capabilities spanning origination, project development, engineering procurement and construction management, capital markets financing exceeding $22 billion for its projects, and commercial operations including asset management and maintenance. Clearway Energy Group, owned by Global Infrastructure Partners and TotalEnergies, holds a controlling interest and acts as the sponsor, developing renewable projects tailored for acquisition by Clearway Energy and providing operational and administrative support. Recent developments include bringing online the Rosamond South Energy Center, Luna Valley, and Daggett Energy Centers in California; signing a power purchase agreement and energy storage agreement totaling 520 MW with the Public Utility District of Grant County; entering a binding agreement in October 2025 to acquire a 613 MWac solar portfolio spanning eight states, primarily in CAISO and PJM markets, for $210-230 million in a transaction closing by Q2 2026 that involves a 50/50 joint venture with Fengate Asset Management for 227 MWac of Western U.S. assets; and agreeing in November 2024 to acquire a 137 MW wind project serving Turlock Irrigation District, expected to close in Q1 2025 with $70-75 million in capital commitment and adding approximately $9 million in annual levered asset cash available for distribution on a five-year average basis starting 2026. These acquisitions and project completions enhance Clearway Energy's presence in high-value markets like California and the Western U.S., support battery hybridization and contract extensions for asset value uplift, and position the company to achieve the upper end of its 2027 cash available for distribution per share target range of $2.50-$2.70 through diversified growth pathways.

Company News

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  • Clearway Energy: Staying The Course

  • CWEN's Q2 Earnings & Revenues Outpace Estimates, 2026 Outlook Trimmed

  • Clearway Energy Q2 Earnings Call Highlights

  • Clearway Energy, Inc. (CWEN) Q2 2026 Earnings Call Transcript

  • Clearway Energy (CWEN) Beats Q2 Earnings and Revenue Estimates

  • Clearway Energy, Inc. Reports Second Quarter 2026 Financial Results

  • Clearway Energy, Inc. (NYSE:CWEN) Receives $44.00 Average Target Price from Brokerages

  • Analysts Estimate Clearway Energy (CWEN) to Report a Decline in Earnings: What to Look Out for

  • Clearway Energy (CWEN) Stock Sinks As Market Gains: What You Should Know

  • Clearway Energy, Inc. to Report Second Quarter 2026 Financial Results on August 5, 2026

  • Clearway Energy (CWEN) Dips More Than Broader Market: What You Should Know