Clearway Energy, Inc.

NYSE:CWEN.A Stock Report

Market Cap: US$5.1b

Clearway Energy Valuation

Is CWEN.A undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of CWEN.A when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: CWEN.A ($24.53) is trading below our estimate of fair value ($60.09)

Significantly Below Fair Value: CWEN.A is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for CWEN.A?

Key metric: As CWEN.A is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for CWEN.A. This is calculated by dividing CWEN.A's market cap by their current earnings.
What is CWEN.A's PE Ratio?
PE Ratio23.6x
EarningsUS$122.00m
Market CapUS$5.15b

Price to Earnings Ratio vs Peers

How does CWEN.A's PE Ratio compare to its peers?

The above table shows the PE ratio for CWEN.A vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average45.2x
ORA Ormat Technologies
34.4x11.4%US$4.1b
RNW ReNew Energy Global
107.2x54.8%US$2.5b
MNTK Montauk Renewables
23.3x1.1%US$534.9m
AMPS Altus Power
16x-89.7%US$568.0m
CWEN.A Clearway Energy
23.6x19.7%US$5.1b

Price-To-Earnings vs Peers: CWEN.A is good value based on its Price-To-Earnings Ratio (23.6x) compared to the peer average (62.5x).

Price to Earnings Ratio vs Industry

How does CWEN.A's PE Ratio compare vs other companies in the North American Renewable Energy Industry?

4 CompaniesPrice / EarningsEstimated GrowthMarket Cap
CWEN.A 23.6xIndustry Avg. 15.2xNo. of Companies4PE01224364860+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: CWEN.A is expensive based on its Price-To-Earnings Ratio (23.6x) compared to the Global Renewable Energy industry average (15.2x).

Price to Earnings Ratio vs Fair Ratio

What is CWEN.A's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

CWEN.A PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio23.6x
Fair PE Ratio25x

Price-To-Earnings vs Fair Ratio: CWEN.A is good value based on its Price-To-Earnings Ratio (23.6x) compared to the estimated Fair Price-To-Earnings Ratio (25x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst CWEN.A forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$24.53
US$33.83
+37.9%
5.0%US$37.00US$31.00n/a12
Dec ’25US$27.81
US$33.67
+21.1%
5.7%US$37.00US$30.00n/a12
Nov ’25US$25.90
US$33.45
+29.2%
6.5%US$37.00US$30.00n/a11
Oct ’25US$28.53
US$32.91
+15.3%
5.3%US$36.00US$30.00n/a11
Sep ’25US$26.87
US$32.33
+20.3%
4.1%US$34.00US$30.00n/a9
Aug ’25US$25.90
US$31.33
+21.0%
7.4%US$34.00US$26.00n/a9
Jul ’25US$22.41
US$30.89
+37.8%
7.1%US$34.00US$26.00n/a9
Jun ’25US$25.68
US$30.90
+20.3%
6.7%US$34.00US$26.00n/a10
May ’25US$21.63
US$29.70
+37.3%
9.6%US$34.00US$25.00n/a10
Apr ’25US$21.54
US$29.55
+37.2%
9.7%US$34.00US$25.00n/a11
Mar ’25US$20.41
US$29.30
+43.6%
9.9%US$34.00US$25.00n/a10
Feb ’25US$22.96
US$29.50
+28.5%
9.6%US$34.00US$25.00n/a10
Jan ’25US$25.58
US$29.30
+14.5%
9.3%US$34.00US$25.00n/a10
Dec ’24US$23.92
US$29.30
+22.5%
9.3%US$34.00US$25.00US$27.8110
Nov ’24US$20.79
US$31.20
+50.1%
16.2%US$43.00US$25.00US$25.9010
Oct ’24US$19.92
US$33.60
+68.7%
11.2%US$43.00US$29.00US$28.5310
Sep ’24US$23.17
US$33.70
+45.4%
11.1%US$43.00US$29.00US$26.8710
Aug ’24US$24.15
US$36.80
+52.4%
9.4%US$43.00US$29.00US$25.9010
Jul ’24US$27.00
US$37.00
+37.0%
9.0%US$43.00US$29.00US$22.4110
Jun ’24US$27.87
US$38.10
+36.7%
5.4%US$43.00US$36.00US$25.6810
May ’24US$28.87
US$38.25
+32.5%
5.1%US$43.00US$36.00US$21.6310
Apr ’24US$30.03
US$38.00
+26.5%
3.7%US$40.00US$36.00US$21.549
Mar ’24US$29.12
US$38.00
+30.5%
3.7%US$40.00US$36.00US$20.419
Feb ’24US$32.01
US$38.22
+19.4%
3.2%US$40.00US$36.00US$22.969
Jan ’24US$29.92
US$38.06
+27.2%
4.2%US$40.00US$35.00US$25.589
Dec ’23US$32.46
US$38.35
+18.1%
8.3%US$46.00US$34.00US$23.9210

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/22 01:30
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Clearway Energy, Inc. is covered by 31 analysts. 10 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Michael MorosiAvondale Partners
Gregg OrrillBarclays
Moses SuttonBNP Paribas Exane