CWEN
UtilitiesClearway Energy, Inc. · Renewable Utilities · $8B
What is Clearway Energy, Inc.?
Clearway Energy is a US-based renewable energy company operating wind and solar generation assets alongside natural gas facilities. Formerly known as NRG Yield, it rebranded in 2018 and operates as a subsidiary of Clearway Energy Group LLC.
Clearway Energy generates and sells electricity through a portfolio of wind, solar, and natural gas power plants across the United States. The company earns revenue primarily through long-term power purchase agreements, which provide contracted cash flows over extended periods. This structure allows Clearway to distribute a significant portion of its earnings to shareholders as dividends. Its business model is typical of a yieldco — a structure designed to hold operating energy assets and return capital to investors.
Clearway Energy was incorporated in 2012 and is headquartered in Princeton, New Jersey.
- Utility-scale wind power generation
- Utility-scale solar power generation
- Natural gas generation facilities
- Long-term power purchase agreements
- Contracted renewable energy capacity
Is CWEN a Good Stock to Buy?
UQS Score rates CWEN as Below Average overall, reflecting challenges across several key quality dimensions.
Among the five pillars, Growth and Valuation both register as Neutral, suggesting the company is neither a standout grower nor obviously mispriced relative to its fundamentals. The contracted revenue model provides some predictability that supports the dividend.
Quality, Moat, and Risk all carry Weak ratings — pointing to concerns around financial durability, competitive differentiation, and balance sheet or operational risk that investors should weigh carefully.
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Past performance does not guarantee future results. UQS Score is based on fundamental data and is not a buy/sell recommendation.
Does CWEN pay dividends?
Yes — Clearway Energy, Inc. pays a dividend.
Clearway Energy pays a regular dividend, which is central to its yieldco business model. Long-term power purchase agreements underpin the cash flows used to fund these distributions. Income-focused investors often look to CWEN for yield, though the Weak Risk and Quality pillar ratings suggest the sustainability of that dividend warrants scrutiny.
When does CWEN report earnings?
Clearway Energy reports earnings on a quarterly cadence, consistent with US-listed equities.
Clearway's results tend to reflect the contracted nature of its revenue base, with generation volumes and power purchase agreement terms driving outcomes. Variability in wind and solar resource availability can influence quarterly figures. For the most current results, the company's investor relations page is the authoritative source.
For the most recent quarter's results, visit Clearway Energy's investor relations page directly.
CWEN Price History
+80.5% over 5Y
Monthly close, adjusted for stock splits and dividend reinvestment.
What if I invested in Clearway Energy, Inc.?
Based on Clearway Energy, Inc.'s historical closing prices, adjusted for stock splits and dividend reinvestment. Past performance does not guarantee future results. This is for informational purposes only and is not financial advice.
CWEN Long-term Outlook
The Growth pillar sitting at Neutral suggests Clearway is not expected to dramatically expand its earnings base in the near term, though the renewable energy sector broadly continues to attract capital and policy support. The Weak Risk rating tempers any optimistic outlook, as leverage and operational factors could constrain financial flexibility. Valuation at Neutral implies the market is pricing in these mixed fundamentals without a clear discount or premium signal.
Growth drivers
- Ongoing US policy support for renewable energy development
- Potential acquisition of additional contracted wind and solar assets
- Long-term power purchase agreements providing revenue visibility
Key risks
- High leverage typical of yieldco structures limiting financial flexibility
- Weak Moat rating reflecting limited competitive differentiation
- Resource variability in wind and solar affecting generation output
CWEN vs Peers
Clearway Energy operates in a competitive renewable energy landscape alongside other yieldcos and independent power producers.
Brookfield Renewable offers global diversification across hydro, wind, and solar assets, backed by a large institutional parent with significant capital deployment capacity.
Ormat focuses on geothermal energy — a less weather-dependent renewable source — giving it a differentiated generation profile compared to wind and solar-heavy peers.
Algonquin combines regulated utility operations with renewable generation, offering a hybrid model that blends stable regulated returns with clean energy exposure.
Frequently Asked Questions
What does Clearway Energy do?
Clearway Energy owns and operates wind, solar, and natural gas power generation assets across the United States. It sells electricity primarily under long-term power purchase agreements and distributes a large portion of its cash flows to shareholders as dividends. The company operates as a yieldco — a structure built around holding operating energy assets.
Does CWEN pay dividends?
Yes, Clearway Energy pays a regular dividend. Its yieldco structure is specifically designed to return contracted cash flows to shareholders. However, the Weak Risk and Quality pillar ratings in the UQS framework suggest investors should assess the long-term sustainability of those payments before relying on them as income.
When does CWEN report earnings?
Clearway Energy follows a standard quarterly earnings cadence for US-listed companies. The company does not pre-announce specific dates far in advance. For the most accurate and up-to-date earnings schedule, check Clearway Energy's official investor relations page.
Is CWEN a good stock to buy?
The UQS Score rates CWEN as Below Average, driven by Weak ratings across Quality, Moat, and Risk pillars. Growth and Valuation are Neutral. This profile suggests the stock carries meaningful risks that may offset the appeal of its dividend yield. Pro members can view the complete pillar breakdown to form their own view.
Is CWEN overvalued?
The UQS Valuation pillar for CWEN is rated Neutral, suggesting the market is pricing the stock in line with its fundamentals rather than at a clear premium or discount. Given the Weak Quality and Risk ratings, a Neutral valuation does not necessarily imply an attractive entry point.
How does CWEN compare to its competitors?
Compared to peers like Brookfield Renewable, Ormat Technologies, and Algonquin Power, Clearway is a more narrowly focused US yieldco. It lacks the geographic diversification of Brookfield or the geothermal differentiation of Ormat. The UQS platform provides side-by-side pillar comparisons for Pro members.
What is CWEN's market cap bracket?
Clearway Energy is classified as a mid-cap company. This places it in a range that typically attracts both institutional and retail investor attention, though it is smaller than the largest diversified utility and renewable energy conglomerates in the sector.
Who founded Clearway Energy?
Clearway Energy was incorporated in 2012 as NRG Yield, a yieldco subsidiary of NRG Energy. It was rebranded as Clearway Energy in August 2018 following a change in ownership structure. The company is now a subsidiary of Clearway Energy Group LLC and is headquartered in Princeton, New Jersey.
Is CWEN a long-term quality investment?
From a long-term quality perspective, the UQS framework rates CWEN as Below Average. Weak scores across Quality, Moat, and Risk pillars suggest the business lacks the financial durability and competitive advantages typically associated with high-quality long-term holdings. Investors focused on long-term compounding may find stronger candidates elsewhere in the [utilities sector](/sector/utilities).
What is the main competitive advantage of Clearway Energy?
Clearway's primary advantage lies in its portfolio of contracted assets — long-term power purchase agreements that provide relatively predictable cash flows. However, the UQS Moat pillar is rated Weak, indicating this advantage may not be durable or differentiated enough to protect returns over the long run compared to stronger peers.
What sector does CWEN belong to?
Clearway Energy operates in the Utilities sector, specifically within the renewable energy and independent power producer segment. Investors can explore other [utilities stocks](/sector/utilities) on the UQS platform to compare quality scores across the sector.
Is CWEN a growth stock or value stock?
Based on the UQS pillar profile, CWEN sits in a middle ground — Growth is Neutral and Valuation is Neutral. It does not exhibit the rapid earnings expansion of a growth stock, nor does it appear deeply discounted in the way a classic value stock might. Its primary appeal has historically been income rather than capital appreciation.
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Pro Analysis
CWEN — Score History
| Date | UQS | Quality | Moat | Growth | Risk | Value | Change |
|---|---|---|---|---|---|---|---|
| May 23, 2026 | 31.9 | 26.0 | 23.0 | 53.9 | 8.4 | 50.3 | 0.0 |
| May 22, 2026 | 31.9 | 26.0 | 23.0 | 53.9 | 8.4 | 50.9 | -0.1 |
| May 21, 2026 | 32.0 | 26.0 | 23.0 | 53.9 | 8.4 | 51.4 | -0.1 |
| May 20, 2026 | 32.1 | 26.0 | 23.0 | 53.9 | 8.4 | 52.3 | 0.0 |
| May 16, 2026 | 32.1 | 26.0 | 23.0 | 53.9 | 8.4 | 52.1 | +0.1 |
| May 15, 2026 | 32.0 | 26.0 | 23.0 | 53.9 | 8.4 | 51.4 | +0.1 |
| May 14, 2026 | 31.9 | 26.0 | 23.0 | 53.9 | 8.4 | 50.9 | -0.2 |
| May 13, 2026 | 32.1 | 26.0 | 23.0 | 53.9 | 8.4 | 51.8 | +0.1 |
| May 12, 2026 | 32.0 | 26.0 | 23.0 | 53.9 | 8.4 | 51.4 | -0.1 |
| May 11, 2026 | 32.1 | 26.0 | 23.0 | 53.9 | 8.4 | 51.6 | +2.0 |
CWEN — Pillar Breakdown
Quality
— 26.0/100 (25%)Clearway Energy, Inc. currently shows below-average quality metrics, suggesting challenges with profitability.
How effectively capital is deployed to generate returns.
Profitability relative to shareholders' equity.
Ability to convert revenue into operating profit.
Bottom-line profit as a share of revenue.
Asset productivity — how much gross profit each dollar of assets generates.
Free cash flow relative to market value.
Growth
— 53.9/100 (20%)Clearway Energy, Inc. shows steady but unspectacular growth, typical for mature companies.
Revenue trajectory over the last twelve months.
Compound annual revenue growth rate over 3 years.
Year-over-year earnings per share growth.
Analyst consensus for future revenue growth.
Analyst consensus for future earnings growth.
Risk
— 8.4/100 (15%)Clearway Energy, Inc. presents elevated risk with concerns around leverage or financial stability.
Debt levels relative to earnings capacity.
Total debt relative to shareholder equity.
Short-term liquidity — ability to pay near-term obligations.
Earnings capacity relative to interest payments.
Valuation
— 49.3/100 (15%)Clearway Energy, Inc. has a mixed valuation — some metrics suggest fair value while others appear stretched.
Inverse of forward P/E — higher yield means cheaper stock.
How many years of FCF the market cap represents.
Enterprise value multiple relative to sector median.
Moat
— 23/100 (25%)Clearway Energy, Inc. operates in a highly competitive environment with limited sustainable advantages. The Moat pillar evaluates competitive advantages across five dimensions: Switching Costs, Network Effects, Cost Advantage, Intangible Assets, and Scale & Ecosystem. Sign in to customize moat ratings for CWEN.
Score Composition
Financial Data
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How is the CWEN UQS Score Calculated?
The UQS (Unified Quality Score) for Clearway Energy, Inc. is calculated using a proprietary 6-pillar framework with 29 financial metrics. Each pillar evaluates a different dimension on a 0–100 scale, then combines into a single weighted score. Scoring thresholds are calibrated per sector. Momentum is an optional Pro toggle — without it, you get the 5-pillar / 25-metric core shown below.
Quality (25%) measures profitability and capital efficiency — ROIC, ROE, margins, GP/Assets, and FCF Yield.
Moat (25%) assesses Clearway Energy, Inc.'s competitive advantages across switching costs, network effects, cost advantages, intangible assets, and ecosystem scale.
Growth (20%) tracks revenue trajectory and earnings momentum, combining historical results with analyst forward estimates.
Risk (15%) is inversely scored — lower leverage and strong balance sheet health result in higher scores.
Valuation (15%) measures whether Clearway Energy, Inc. is fairly priced using earnings yield, price-to-FCF, PEG ratio, and EV/EBITDA relative to sector peers.
Six investor-inspired presets are available, each with different pillar weights: Balanced, Buffett, Munger, Lynch, Cathie Wood, and Graham. The public score shown here uses the Balanced preset. Learn more in our FAQ.