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Clearway Energy, Inc (CWEN) Fair Value & Analysis

Utilities · US · Market cap $8.0B

CE Clearway Energy, Inc logo Clearway Energy, Inc CWEN · US
Price$32.85
Fair Value$41.78
Upside+27.2%
Quality43/100
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Expensive Growth
Thin margins · 0.6% net margin
High debt · generates free cash flow
5.32% dividend yield
Trails peers (4/15)
Narrow moat 28/100
Evidence: Medium Range $25.15 – $55.30 Share as image

Fair value as of: Jul 18, 2026

From 17 valuation models · updated 20 days ago

Fair value updated Jul 18, 2026, revised from $23.71 to $41.78 (+76.2%) since Jul 15, 2026. Share price −1.9% over the past month.

Below-average quality, screening 27% undervalued on our models.

What matters now

  • A fairly wide model range ($25.15 to $55.30) leaves room in how you read the outcome.
  • Our model range runs from $25.15 (bear) to $55.30 (bull), base $41.78. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 43/100 (below-average quality) with medium evidence: read the verdict with care.
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Price vs Fair Value (5 years)

$41.26 $15.99 Fair Value $41.78 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 18, 2026.

How to read this chart

60‑month range $15.99 – $41.26 · fair‑value band $25.15 – $55.30 · the $32.85 price screens below the $41.78 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 18, 2026.

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Analysis

Clearway Energy, Inc (CWEN) currently trades at $32.85, while our model-based Fair Value estimate is $41.78, implying the stock looks roughly 27.2% undervalued today. We read business quality at 43/100 (below-average quality), in the Utilities sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: medium), always confirm before acting.

Over the trailing twelve months, Clearway Energy, Inc generated revenue of $1.5B at a net margin of 0.6%. Revenue grew 18.8% year over year. It earns a return on equity of -3.6%. Net debt stands at $9.4B. Fundamentals as of Jul 18, 2026

Our scenario range runs from $25.15 (bear case) to $55.30 (bull case); at $32.85, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 21% below its 52-week high and 23% above its 52-week low, currently below its 200-day average. For context, the median of 10 Utilities peers we cover trades at -30% fair-value upside, at 27%, CWEN screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Growth DCF $27.07 80
Residual Income $13.44 $14.56 $17.03 76
Gordon GGM $25.95 $51.71 $78.30 70
All 17 models by family
DCF Models
FCF DCF $29.60 38
Owner Earnings $10.20 $52.19 $116.91 31
5Y EBITDA Exit $3.52 $52.19 $111.07 41
10Y EBITDA Exit $32.37 $88.53 37
Earnings-Based
Graham-Dodd $9.48 $34.99 $47.27 54
Lynch FV $8.38 $11.97 $15.56 50
PEG = 1.0 $8.38 $11.97 $15.56 46
Dividend Discount
Gordon GGM $25.95 $51.71 $78.30 70
DDM Multi-Stage $25.95 $44.68 $54.58 61
Multiples
P/E Multiple $20.92 $27.90 $34.87 63
P/S Multiple $17.78 $23.71 $29.64 58
P/B Multiple $17.78 $23.71 $29.64 55
EV/EBITDA $26.94 $55.40 $83.86 54
Asset-Based
NCAV (Graham) $7.94 $10.64 $15.88 50
Growth DCF
Growth DCF $27.07 80
Economic Profit
Residual Income $13.44 $14.56 $17.03 76
Growth Earnings
Growth-Adj P/E $15.18 $21.69 $28.20 68

Widest divergence: DCF Models ($52.19) versus Asset-Based ($10.64). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) $1.5B
Revenue growth (YoY) +18.8%
Net margin 0.6%
Return on equity -3.6%
Free cash flow $369M FY2025
P/E ratio 403.8
More key figures
Operating margin 7.6%
EPS (TTM) $0.1000
Dividend yield 4.5%
EPS growth (YoY) +556%
Net debt $9.4B FY2025

Figures from reported company fundamentals · as of Jul 18, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 43/100

Of which business quality 43 · Market factors (momentum, volatility) 46

Profitability 24
Margins and returns on capital today
Quality Growth 32
Are margins and returns improving?
Cashflow 83
Earnings quality: real cash, not paper profit
Fin. Strength 5
Balance sheet, leverage, solvency risk
Investment 49
Disciplined investing over empire-building
Low Volatility 68
Calm price path (market factor)
Momentum 35
Price trend over the last 3–12 months (market factor)
52W Momentum 41
Distance to the 52-week high (market factor)
Net Issuance 75
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Clearway Energy, Inc. operates in the clean energy generation assets business in the United States. It operates through Flexible Generation and Renewables & Storage segments.

Full company description

Clearway Energy, Inc. operates in the clean energy generation assets business in the United States. It operates through Flexible Generation and Renewables & Storage segments. The company's portfolio comprises approximately 12.9 GW of gross capacity in 27 states, including approximately 10.1 GW of wind, solar, and battery energy storage systems; and approximately 2.8 GW of dispatchable combustion-based power generation assets included in the Flexible Generation segment that provide critical grid reliability services. The company was formerly known as NRG Yield, Inc. and changed its name to Clearway Energy, Inc. in August 2018. Clearway Energy, Inc. was incorporated in 2012 and is based in Princeton, New Jersey. Clearway Energy, Inc. is a subsidiary of Clearway Energy Group LLC.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Clearway Energy, Inc reported revenue of $1.4B in FY2025 versus $1.3B in FY2021, a compound +2.7%/yr. Reported net income was $169M in FY2025, compounding +34.9%/yr from FY2021.

Growth Quality 59/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
$1.4B
Latest YoY
+4.2%
Avg. growth/yr (3Y)
+6.3%
Avg. growth/yr (5Y)
+3.6%
Avg. growth/yr (15Y)
+16.6%
Revenue +2.7%/yr
FY21 $1.3B
FY22 $1.2B
FY23 $1.3B
FY24 $1.4B
FY25 $1.4B
Net income +34.9%/yr
FY21 $51.0M
FY22 $582M
FY23 $79.0M
FY24 $88.0M
FY25 $169M

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Cite: Fair Value Calculator (2026). "Clearway Energy, Inc Fair Value". https://www.fairvalue-calculator.com/stock/CWEN

Earlier news

External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.

Peer Group

Utilities - Renewable · 213 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 43 · Above median
Fair Value upside +27% · Top 25%
Return on assets 1% · Below median
Net margin (TTM) 1% · Below median
Operating margin (TTM) 8% · Below median
Revenue growth 19% · Above median
Dividend yield (TTM) 5.3% · Top 25%
Debt / equity 4.11× · Higher than 75% of peers

Valuation Multiples vs Utilities - Renewable median · lower = cheaper

P/E (TTM) 334.1× · Pricier than 75% of peers
P/B 4.17× · Pricier than 75% of peers
P/S (TTM) 5.40× · Pricier than median
P/FCF 21.7× · Pricier than 75% of peers
EV/EBITDA 13.8× · Pricier than median
PEG 3.41× · Pricier than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 70 · sector 16
FUTURE 94 · sector 0
PAST 0 · sector 14
HEALTH 0 · sector 67
DIVIDEND 100 · sector 51

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Utilities - Renewable stocks, each showing price versus our Fair Value estimate (as of Jul 18, 2026).

Stock Price Fair Value vs Fair Value
China Yangtze Power Co 600900 ¥27.99 ¥25.13 -10%
Ørsted A/S ORSTED kr 149.70 kr 31.40 -79%
Huaneng Lancang River Hydropower Inc 600025 ¥9.81 ¥5.57 -43%
Adani Green Energy Limited ADANIGREEN ₹1,537 ₹170.50 -89%
AXIA Energia SA AXIAP $10.74 $9.65 -10%
VERBUND AG OEWA €58.65 €66.19 +13%
BEP BEP $32.33 $73.35 +127%
BEPUN BEPUN C$44.56 C$10.15 -77%
Fortum Oyj FORTUM €19.89 €13.90 -30%
China Longyuan Power Group 001289 ¥16.21 ¥8.23 -49%

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Frequently asked questions

Is Clearway Energy, Inc (CWEN) overvalued or undervalued?
As of Jul 18, 2026, our model estimates a fair value of $41.78 versus a price of $32.85, about +27% (undervalued).
What is the fair value of CWEN?
Our model-based fair value for Clearway Energy, Inc is $41.78 (as of Jul 18, 2026), built from audited fundamentals. The current price is $32.85.
What is the quality score of CWEN?
Clearway Energy, Inc has a Quality Score of 43/100. It combines two groups: business quality (profitability, growth, cash flow, balance-sheet strength) and market factors (price momentum, distance to the 52-week high, volatility). Both subtotals are shown separately in the detail view.
What is the revenue of Clearway Energy, Inc (CWEN)?
Clearway Energy, Inc reported trailing-twelve-month revenue of about $1.5B (latest available figure, as of Jul 18, 2026).
What is the net profit margin of CWEN?
The net profit margin of Clearway Energy, Inc is about 0.6%, meaning it keeps roughly 0.6% of revenue as net income. Based on the latest reported figures.
Does Clearway Energy, Inc pay a dividend?
Clearway Energy, Inc currently shows a dividend yield of about 4.46% relative to its recent price (as of Jul 18, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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