Clearway Energy (CWEN) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Clearway Energy

NYSE•Utilities•Utilities - Renewable

$29.98+0.05(<0.01%)After hours

Market Cap

$339.02M

P/E

3.7x

P/S

0.2x

P/B

0.1x

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.

How this company scores

GoodMetricSide Score: 71/100

Strongest: Cash & Earnings Quality (25/25); weakest: Balance Sheet & Red Flags (9/25).

Profitability16/25

Growth21/25

Balance Sheet & Red Flags9/25

Cash & Earnings Quality25/25

Strengths

Rising free cash flowRising earningsCash-backed earningsConsistent free cash flow

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 3.7x5y range 1.7x – 681.1x

Currently below its 20-quarter median.

P/S · 0.2x5y range 0.2x – 0.9x

Currently below its 20-quarter median.

P/B · 0.1x5y range 0.1x – 0.3x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

The company posted negative operating margins in recent quarters — core operations are unprofitable.

Earnings Quality

Watch

FCF/Net Income has dropped below 0.7x in 3 quarters — monitor for earnings quality deterioration.

Price & Volume

Market Cap $339.02M

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $1.57B
Q. Revenue: $481.00M
TTM EBITDA: $945.00M
TTM Op. Income: $211.00M
Q. Op. Income: $116.00M
TTM Net Income: $91.00M
Q. Net Income: $122.00M
EPS: N/A
Shares Out.: $11.00M

$1.57B in TTM revenue grew 9.9% YoY, reaching $481.00M last quarter. TTM EBITDA of $945.00M and TTM operating income of $211.00M show growth is flowing through to the bottom line. TTM net income of $91.00M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 3 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 69.0%
EBITDA Margin: 64.9%
Op. Margin: 24.1%
Net Margin: 25.4%

Op. margin of 24.1% is up 2.4% YoY — cost efficiency is improving. Net margin at 25.4% and gross margin of 69.0% show how much of each revenue dollar survives to profit. Across the last 8 quarters, operating margin has risen for 2 consecutive quarters — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 3.7x
P/S Ratio: 0.2x
P/B Ratio: 0.1x

At 3.7x P/E, the stock trades below typical market levels. P/S of 0.2x and P/B of 0.1x provide additional context. P/E sits below typical market levels while revenue is growing. Over the past year, P/E is down 75% — an improving trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $16.77B
Cash: $251.00M
Long-Term Debt: $8.49B
Book Value: $5.47B
D/E Ratio: 1.6
Debt/EBITDA: 27.2

With $16.77B in assets and $8.49B in long-term debt, D/E is 1.6and book value is $5.47B — moderate leverage. Across the last 8 quarters, debt/equity has risen for 2 consecutive quarters — a weakening trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $214.00M
TTM Free Cash Flow: $671.00M
FCF Margin: 42.6%
FCF / Net Income: 7.4

TTM FCF of $671.00M on $214.00M in operating cash flow. The FCF / Net Income ratio of 7.4x means free cash flow covers net income — earnings are backed by cash. Across the last 8 quarters, free cash flow has risen for 2 consecutive quarters — an improving trend.