Market Summary
USD29.20-0.09
Delayedas of 26 May 2023, 02:28 pm-0.31%
CWEN Stock Price
CWEN RSI Chart
CWEN Valuation
CWEN Price/Sales (Trailing)
CWEN Profitability
CWEN Fundamentals
CWEN Revenue
CWEN Earnings
Price Action
52 Week Range
28.7641.79
(Low)(High)
Last 7 days
-4.3%
Last 30 days
-2.5%
Last 90 days
-4.3%
Trailing 12 Months
-15.1%
CWEN Financial Health
CWEN Investor Care
Financials for Clearway Energy
| Income Statement (Last 12 Months) | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 |
| Revenue | 6.2% | 1,264 | 1,190 | 1,240 | 1,251 | 1,263 |
| S&GA Expenses | -5.0% | 38.00 | 40.00 | 41.00 | 43.00 | 42.00 |
| EBITDA | -0.8% | 2,026 | 2,043 | 2,031 | 754 | - |
| EBITDA Margin | 3.3% | 1.70* | 1.65* | 1.62* | 0.60* | - |
| Earnings Before Taxes | 3.6% | 1,328 | 1,282 | 1,319 | 1,270 | -65.00 |
| EBT Margin | 1.3% | 1.08* | 1.06* | 1.02* | -0.05* | - |
| Interest Expenses | 22.4% | 284 | 232 | 223 | 258 | 314 |
| Net Income | 104.3% | 1,189 | 582 | 1,070 | 1,059 | -55.00 |
| Net Income Margin | -43.3% | 0.49* | 0.86* | 0.44* | 0.01* | - |
| Free Cahsflow | 2.7% | 675 | 657 | 600 | 628 | - |
| Balance Sheet | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 |
| Assets | 3.5% | 12,749 | 12,312 | 12,596 | 12,648 | 12,628 |
| Current Assets | 1.0% | 1,289 | 1,276 | 1,488 | 1,635 | 1,373 |
| Cash Equivalents | 54.2% | 1,013 | 657 | 793 | 955 | 140 |
| Inventory | 4.3% | 49.00 | 47.00 | 48.00 | 39.00 | 38.00 |
| Net PPE | 6.0% | 7,863 | 7,421 | 7,437 | 7,545 | 7,661 |
| Liabilities | 3.7% | 8,587 | 8,279 | 8,480 | 8,455 | 9,489 |
| Current Liabilities | 3.4% | 638 | 617 | 808 | 749 | 1,527 |
| Long Term Debt | 4.3% | 6,769 | 6,491 | 6,519 | 6,605 | 6,979 |
| LT Debt, Current | 7.9% | 493 | 457 | 770 | - | - |
| LT Debt, Non Current | -1.3% | 6,519 | 6,605 | 6,979 | - | - |
| Shareholder's Equity | 3.2% | 4,153 | 4,026 | 4,109 | 4,189 | 3,139 |
| Retained Earnings | -9.5% | 419 | 463 | 494 | 505 | -65.00 |
| Additional Paid-In Capital | -2.4% | 1,719 | 1,761 | 1,786 | 1,785 | 1,826 |
| Shares Outstanding | 0% | 202 | 202 | 202 | 202 | 202 |
| Minority Interest | 11.9% | 2,006 | 1,792 | 1,818 | 1,896 | 1,377 |
| Cashflow (Last 12 Months) | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 |
| Cashflow From Operations | -2.3% | 769 | 787 | 779 | 739 | 747 |
| Cashflow From Investing | 0.6% | 1,071 | 1,065 | 665 | 886 | -643 |
| Cashflow From Financing | 14.0% | -1,298 | -1,510 | -829 | -793 | -50.00 |
Risks for CWEN
What is the probability of a big loss on CWEN?
48.9%
Probability that Clearway Energy stock will be more than 20% underwater in next one year
0%
Probability that Clearway Energy stock will be more than 30% underwater in next one year.
0%
Probability that Clearway Energy stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.
How does CWEN drawdown profile look like?
Y-axis is the maximum loss one would have experienced if Clearway Energy was unfortunately bought at previous high price.
Drawdowns
Returns for CWEN
Cumulative Returns on CWEN
14.4%
7-Year Cumulative Returns
14.6%
5-Year Cumulative Returns
14.7%
3-Year Cumulative Returns
What are the long-term rolling returns for CWEN?
FIve years rolling returns for Clearway Energy.
Annualized Returns
Which funds bought or sold CWEN recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-05-23 | Brookfield Corp /ON/ | reduced | -19.89 | -8,227,700 | 30,488,000 | 0.12% |
2023-05-22 | Westover Capital Advisors, LLC | reduced | -3.3 | -55,456 | 1,066,970 | 0.40% |
2023-05-22 | AMERIPRISE FINANCIAL INC | added | 3.53 | 477,129 | 27,318,100 | 0.01% |
2023-05-22 | AMERIPRISE FINANCIAL INC | added | 37.59 | 163,407 | 593,407 | -% |
2023-05-18 | NEW YORK STATE COMMON RETIREMENT FUND | reduced | -28.71 | -576,000 | 1,351,000 | -% |
2023-05-18 | NEW YORK STATE COMMON RETIREMENT FUND | reduced | -26.79 | -198,000 | 550,000 | -% |
2023-05-18 | JPMORGAN CHASE & CO | added | 4.28 | 788,000 | 32,223,000 | -% |
2023-05-18 | Harvest Portfolios Group Inc. | reduced | -11.75 | -104,709 | 811,441 | 0.04% |
2023-05-18 | JPMORGAN CHASE & CO | added | 0.13 | 68,000 | 13,633,000 | -% |
2023-05-18 | HNP Capital LLC | reduced | -1.36 | -54,676 | 1,749,220 | 0.49% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
Clearway Energy News
Schedule 13G FIlings of Clearway Energy
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| Feb 13, 2023 | clearbridge investments ltd | 0.8% | 670,896 | SC 13G/A | |
| Feb 13, 2023 | apollo management holdings gp, llc | 0.5% | 167,697 | SC 13G/A | |
| Feb 09, 2023 | vanguard group inc | 10.49% | 3,630,807 | SC 13G/A | |
| Feb 09, 2023 | vanguard group inc | 10.46% | 8,598,712 | SC 13G/A | |
| Feb 07, 2023 | blackrock inc. | 13.7% | 11,270,408 | SC 13G/A | |
| Jan 26, 2023 | blackrock inc. | 11.7% | 4,053,171 | SC 13G/A | |
| Jan 20, 2023 | blackrock inc. | 11.7% | 4,053,171 | SC 13G/A | |
| Sep 20, 2022 | apollo management holdings gp, llc | 0.5% | 169,670 | SC 13G | |
| Sep 15, 2022 | totalenergies se | 55.3% | 42,760,591 | SC 13D | |
| Sep 15, 2022 | global infrastructure investors iii, llc | 55.3% | 42,760,591 | SC 13D/A |
CWEN Fair Value
Clearway Energy fair value in different scenarios
The table shows the Fair Value estimates for Clearway Energy for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
| Fair Value | Very Pessimistic | Pessimistic | Base Case | Optimistic | Very Optimistic |
|---|---|---|---|---|---|
| Very Low Inflation | 23.90 -18.15% | 28.58 -2.12% | 41.09 40.72% | 55.94 91.58% | 66.60 128.08% |
| Current Inflation | 22.45 -23.12% | 26.51 -9.21% | 37.10 27.05% | 49.53 69.62% | 58.43 100.10% |
| Very High Inflation | 20.63 -29.35% | 23.96 -17.95% | 32.35 10.79% | 42.07 44.08% | 49.01 67.84% |
Historical Clearway Energy Fair Value Estimates
Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price
Recent SEC filings of Clearway Energy
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| May 24, 2023 | 8-K | Current Report | |
| May 17, 2023 | 4 | Insider Trading | |
| May 17, 2023 | 4 | Insider Trading | |
| May 17, 2023 | 4/A | Insider Trading | |
| May 17, 2023 | 4/A | Insider Trading | |
| May 04, 2023 | 10-Q | Quarterly Report | |
| May 04, 2023 | 8-K | Current Report | |
| May 01, 2023 | 8-K | Current Report | |
| Apr 25, 2023 | 4/A | Insider Trading | |
| Apr 25, 2023 | 4/A | Insider Trading |
Latest Insider Trading transactions for CWEN
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-05-15 | TotalEnergies SE | acquired | 14,825 | 31.61 | 469 | - |
2023-05-15 | Global Infrastructure Investors III, LLC | acquired | 14,825 | 31.61 | 469 | - |
2023-04-21 | TotalEnergies SE | acquired | - | - | 4,150 | - |
2023-04-21 | Global Infrastructure Investors III, LLC | acquired | - | - | 4,150 | - |
2023-04-15 | Malcarney Kevin P. | acquired | - | - | 16,983 | evp, gen counsel and corp secr |
2023-04-15 | Malcarney Kevin P. | acquired | - | - | 5,391 | evp, gen counsel and corp secr |
2023-04-15 | Global Infrastructure Investors III, LLC | acquired | 2,932 | 31.53 | 93.00 | - |
2023-04-15 | Sotos Christopher S | acquired | - | - | 24,366 | president and ceo |
2023-04-15 | Murphy Michael Taft | sold (taxes) | - | - | -3,545 | chief investment officer |
2023-04-15 | TotalEnergies SE | acquired | 2,932 | 31.53 | 93.00 | - |
Clearway Energy, Inc., through its subsidiaries, engages in the renewable energy businesses in the United States. It had approximately 5,000 net megawatts (MW) of installed wind and solar generation projects; and approximately 2,500 net MW of natural gas generation facilities, as well as a portfolio of district energy systems. Its thermal infrastructure assets provide steam, hot water and/or chilled water, and electricity to commercial businesses, universities, hospitals, and governmental units. As of December 31, 2021, the company had 1,370 MW thermal equivalent capacity of steam and chilled water. 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.
CWEN Income Statement
2023-03-31CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($) shares in Millions, $ in Millions | 3 Months Ended | |
|---|---|---|
Mar. 31, 2023 | Mar. 31, 2022 | |
| Operating Revenues | ||
| Total operating revenues | $ 288 | $ 214 |
| Operating Costs and Expenses | ||
| Cost of operations, exclusive of depreciation, amortization and accretion shown separately below | 108 | 128 |
| Depreciation, amortization and accretion | 128 | 124 |
| General and administrative | 10 | 12 |
| Transaction and integration costs | 0 | 2 |
| Development costs | 0 | 1 |
| Total operating costs and expenses | 246 | 267 |
| Operating Income (Loss) | 42 | (53) |
| Other Income (Expense) | ||
| Equity in (losses) earnings of unconsolidated affiliates | (3) | 4 |
| Other income, net | 8 | 0 |
| Loss on debt extinguishment | 0 | (2) |
| Interest expense | (99) | (47) |
| Total other expense, net | (94) | (45) |
| Loss Before Income Taxes | (52) | (98) |
| Income tax benefit | (12) | (1) |
| Net Loss | (40) | (97) |
| Less: Net loss attributable to noncontrolling interests and redeemable noncontrolling interests | (40) | (65) |
| Net Loss Attributable to Clearway Energy, Inc. | 0 | (32) |
| Common Class A | ||
| Other Income (Expense) | ||
| Net Loss Attributable to Clearway Energy, Inc. | $ 0 | $ (9) |
| Loss Per Share Attributable to Clearway Energy, Inc. Class A and Class C Common Stockholders | ||
| Weighted average number of common shares outstanding - basic (in shares) | 35 | 35 |
| Weighted average number of common shares outstanding - diluted (in shares) | 35 | 35 |
| Loss per weighted average common share — basic (in dollars per share) | $ 0 | $ (0.28) |
| Loss per weighted average common share — diluted (in dollars per share) | 0 | (0.28) |
| Common stock, dividends, per share, cash paid (in dollars per share) | $ 0.3745 | $ 0.3468 |
| Common Class C | ||
| Other Income (Expense) | ||
| Net Loss Attributable to Clearway Energy, Inc. | $ 0 | $ (23) |
| Loss Per Share Attributable to Clearway Energy, Inc. Class A and Class C Common Stockholders | ||
| Weighted average number of common shares outstanding - basic (in shares) | 82 | 82 |
| Weighted average number of common shares outstanding - diluted (in shares) | 82 | 82 |
| Loss per weighted average common share — basic (in dollars per share) | $ 0 | $ (0.28) |
| Loss per weighted average common share — diluted (in dollars per share) | 0 | (0.28) |
| Common stock, dividends, per share, cash paid (in dollars per share) | $ 0.3745 | $ 0.3468 |
CWEN Balance Sheet
2023-03-31CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions | Mar. 31, 2023 | Dec. 31, 2022 |
|---|---|---|
| Current Assets | ||
| Cash and cash equivalents | $ 576 | $ 657 |
| Restricted cash | 437 | 339 |
| Accounts receivable — trade | 150 | 153 |
| Inventory | 49 | 47 |
| Derivative instruments | 27 | 26 |
| Prepayments and other current assets | 50 | 54 |
| Total current assets | 1,289 | 1,276 |
| Property, plant and equipment, net | 7,863 | 7,421 |
| Other Assets | ||
| Equity investments in affiliates | 346 | 364 |
| Intangible assets for power purchase agreements, net | 2,443 | 2,488 |
| Other intangible assets, net | 75 | 77 |
| Derivative instruments | 64 | 63 |
| Right-of-use assets, net | 554 | 527 |
| Other non-current assets | 115 | 96 |
| Total other assets | 3,597 | 3,615 |
| Total Assets | 12,749 | 12,312 |
| Current Liabilities | ||
| Current portion of long-term debt | 366 | 322 |
| Accounts payable — trade | 70 | 55 |
| Accounts payable — affiliates | 50 | 22 |
| Derivative instruments | 39 | 50 |
| Accrued interest expense | 36 | 54 |
| Accrued expenses and other current liabilities | 77 | 114 |
| Total current liabilities | 638 | 617 |
| Other Liabilities | ||
| Long-term debt | 6,769 | 6,491 |
| Deferred income taxes | 98 | 119 |
| Derivative instruments | 296 | 303 |
| Long-term lease liabilities | 577 | 548 |
| Other non-current liabilities | 209 | 201 |
| Total other liabilities | 7,949 | 7,662 |
| Total Liabilities | 8,587 | 8,279 |
| Redeemable noncontrolling interest in subsidiaries | 9 | 7 |
| Commitments and Contingencies | ||
| Stockholders’ Equity | ||
| Preferred stock, $0.01 par value; 10,000,000 shares authorized; none issued | 0 | 0 |
| Class A, Class B, Class C and Class D common stock, $0.01 par value; 3,000,000,000 shares authorized (Class A 500,000,000, Class B 500,000,000, Class C 1,000,000,000, Class D 1,000,000,000); 201,972,813 shares issued and outstanding (Class A 34,613,853, Class B 42,738,750, Class C 82,283,460, Class D 42,336,750) at March 31, 2023 and 201,972,813 shares issued and outstanding (Class A 34,613,853, Class B 42,738,750, Class C 82,283,460, Class D 42,336,750) at December 31, 2022 | 1 | 1 |
| Additional paid-in capital | 1,719 | 1,761 |
| Retained earnings | 419 | 463 |
| Accumulated other comprehensive income | 8 | 9 |
| Noncontrolling interest | 2,006 | 1,792 |
| Total Stockholders’ Equity | 4,153 | 4,026 |
| Total Liabilities and Stockholders’ Equity | $ 12,749 | $ 12,312 |