Market Summary
USD23.73-0.22
Market Closed-0.92%
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
23.5636.57
(Low)(High)
Last 7 days
-6.4%
Last 30 days
-4.2%
Last 90 days
-16.9%
Trailing 12 Months
-33.6%
CWEN Financial Health
CWEN Investor Care
Historical Charts for Stock Metrics
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Net sales
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Latest Insider Trading transactions for CWEN
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-09-08 | TotalEnergies SE | acquired | - | - | 3,844 | - |
2023-09-08 | Global Infrastructure Investors III, LLC | acquired | - | - | 3,844 | - |
2023-09-01 | Murphy Michael Taft | acquired | - | - | 470 | chief investment officer |
2023-09-01 | Ford Brian R. | acquired | - | - | 1,043 | - |
2023-09-01 | Global Infrastructure Investors III, LLC | acquired | - | - | 1,597 | - |
2023-09-01 | Sotos Christopher S | acquired | - | - | 2,915 | president and ceo |
2023-09-01 | More Daniel B. | acquired | - | - | 739 | - |
2023-09-01 | Lowry Jennifer Elaine | acquired | - | - | 134 | - |
2023-09-01 | Malcarney Kevin P. | acquired | - | - | 663 | evp, gen counsel and corp secr |
2023-09-01 | TotalEnergies SE | acquired | - | - | 1,597 | - |
Which funds bought or sold CWEN recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-09-21 | Jefferies Group LLC | reduced | -0.78 | -243,568 | 2,270,260 | 0.02% |
2023-09-21 | Baystate Wealth Management LLC | added | 1.23 | -2,174 | 22,244 | -% |
2023-09-20 | BARCLAYS PLC | added | 129 | 4,752,000 | 9,096,000 | 0.01% |
2023-09-20 | BARCLAYS PLC | added | 10.69 | -14,000 | 2,729,000 | -% |
2023-09-05 | SILVIA MCCOLL WEALTH MANAGEMENT, LLC | sold off | -100 | -257,627 | - | -% |
2023-08-28 | Lavaca Capital LLC | unchanged | - | -27,146 | 279,888 | 0.08% |
2023-08-24 | Alberta Investment Management Corp | new | - | 371,994 | 371,994 | -% |
2023-08-22 | VIRGINIA RETIREMENT SYSTEMS ET AL | new | - | 1,696,460 | 1,696,460 | 0.02% |
2023-08-21 | CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | reduced | -6.4 | -206,281 | 1,095,310 | -% |
2023-08-21 | OSAIC HOLDINGS, INC. | added | 0.72 | -57,627 | 609,973 | -% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
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 |
Recent SEC filings of Clearway Energy
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| Sep 12, 2023 | 4 | Insider Trading | |
| Sep 12, 2023 | 4 | Insider Trading | |
| Sep 06, 2023 | 4 | Insider Trading | |
| Sep 06, 2023 | 4 | Insider Trading | |
| Sep 06, 2023 | 4 | Insider Trading | |
| Sep 06, 2023 | 4 | Insider Trading | |
| Sep 06, 2023 | 4 | Insider Trading | |
| Sep 06, 2023 | 4 | Insider Trading | |
| Sep 06, 2023 | 4 | Insider Trading | |
| Sep 06, 2023 | 4 | Insider Trading |
CWEN Fair Value
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Clearway Energy News
Returns for CWEN
Cumulative Returns on CWEN
1.4%
10-Year Cumulative Returns
8.9%
7-Year Cumulative Returns
6.9%
5-Year Cumulative Returns
0.6%
3-Year Cumulative Returns
Risks for CWEN
What is the probability of a big loss on CWEN?
55.4%
Probability that Clearway Energy stock will be more than 20% underwater in next one year
4.6%
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
Financials for Clearway Energy
Income Statement (Last 12 Months)(In Millions)
| Income Statement (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Revenue | 3.0% | 1,302 | 1,264 | 1,190 | 1,240 | 1,251 | 1,263 | 1,286 | 1,248 | 1,229 | 1,178 | 1,199 | 1,154 | 1,118 | 1,073 | 1,032 | 1,026 | 1,022 | 1,045 | 1,053 | 1,055 | 1,032 |
| S&GA Expenses | -5.3% | 36.00 | 38.00 | 40.00 | 41.00 | 43.00 | 42.00 | 40.00 | 34.00 | 33.00 | 35.00 | 34.00 | 39.00 | 37.00 | 32.00 | 29.00 | 23.00 | 22.00 | 21.00 | 20.00 | 22.00 | 20.00 |
| EBITDA | -100.0% | - | 2,128 | 2,026 | 2,043 | 2,031 | 754 | 758 | 705 | 702 | 726 | 789 | 813 | 817 | 710 | 701 | 704 | 680 | 749 | 753 | 732 | 727 |
| EBITDA Margin | -100.0% | - | 1.68* | 1.70* | 1.65* | 1.62* | 0.60* | 0.59* | 0.56* | 0.57* | 0.62* | 0.66* | 0.70* | 0.73* | 0.66* | 0.68* | 0.69* | 0.67* | 0.72* | 0.72* | 0.69* | 0.70* |
| Interest Expenses | 2.8% | 292 | 284 | 232 | 223 | 258 | 314 | 312 | 302 | 303 | 293 | 415 | 412 | 433 | 470 | 404 | 443 | 411 | 352 | 306 | 268 | 268 |
| Earnings Before Taxes | -95.5% | 60.00 | 1,328 | 1,282 | 1,319 | 1,270 | -65.00 | -63.00 | -109 | -84.00 | -21.00 | -54.00 | -18.00 | -45.00 | -179 | -104 | -108 | -72.00 | 63.00 | 116 | 122 | 101 |
| EBT Margin | -100.0% | - | 1.05* | 1.08* | 1.06* | 1.02* | -0.05* | -0.05* | -0.09* | -0.07* | -0.02* | -0.05* | -0.02* | -0.04* | -0.17* | -0.10* | -0.11* | -0.07* | 0.06* | 0.11* | 0.12* | 0.11* |
| Net Income | -86.6% | 82.00 | 614 | 582 | 562 | 551 | 12.00 | 51.00 | -99.00 | -88.00 | -43.00 | -72.00 | -47.00 | -44.00 | -156 | -96.00 | -139 | -125 | 7.00 | 54.00 | 48.00 | 30.00 |
| Net Income Margin | -100.0% | - | 0.94* | 0.49* | 0.86* | 0.44* | 0.01* | 0.04* | -0.01* | 0.00* | 0.01* | -0.02* | 0.00* | 0.01* | -0.06* | -0.05* | -0.09* | -0.08* | 0.03* | 0.05* | 0.05* | 0.04* |
| Free Cashflow | -100.0% | - | 616 | 675 | 657 | 600 | 628 | 550 | 480 | 468 | 345 | 421 | 421 | 296 | 248 | 249 | 255 | 333 | 413 | 415 | 310 | 352 |
Balance Sheet(In Millions)
| Balance Sheet | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Assets | -1.0% | 12,624 | 12,749 | 12,312 | 12,596 | 12,648 | 12,628 | 12,813 | 11,780 | 11,881 | 11,848 | 10,592 | 9,725 | 9,736 | 9,555 | 9,700 | 8,838 | 8,731 | 8,465 | 8,500 | 8,500 | 8,448 |
| Current Assets | 0% | 1,289 | 1,289 | 1,276 | 1,488 | 1,635 | 1,373 | 1,531 | 853 | 767 | 734 | 708 | 773 | 654 | 554 | 608 | 619 | 498 | 456 | 756 | 603 | 472 |
| Cash Equivalents | -5.0% | 547 | 576 | 657 | 793 | 1,288 | 466 | 654 | 555 | 470 | 431 | 465 | 537 | 416 | 380 | 417 | 397 | 296 | 298 | 583 | 389 | 269 |
| Inventory | 4.1% | 51.00 | 49.00 | 47.00 | 48.00 | 39.00 | 38.00 | 37.00 | 42.00 | 43.00 | 43.00 | 42.00 | 42.00 | 41.00 | 41.00 | 40.00 | 43.00 | 49.00 | 40.00 | 40.00 | 39.00 | 39.00 |
| Net PPE | -1.5% | 7,748 | 7,863 | 7,421 | 7,437 | 7,545 | 7,661 | 7,650 | 7,438 | 7,537 | 7,490 | 7,217 | 6,165 | 6,256 | 6,001 | 6,063 | 5,562 | 5,602 | 5,355 | 5,245 | 5,306 | 5,376 |
| Liabilities | -1.2% | 8,482 | 8,587 | 8,279 | 8,480 | 8,455 | 9,489 | 9,513 | 8,825 | 8,878 | 8,853 | 7,877 | 7,488 | 7,504 | 7,291 | 7,437 | 6,792 | 6,677 | 6,320 | 6,276 | 6,125 | 6,161 |
| Current Liabilities | -5.0% | 606 | 638 | 617 | 808 | 749 | 1,527 | 1,631 | 816 | 754 | 748 | 634 | 602 | 555 | 1,714 | 2,057 | 2,246 | 2,127 | 1,787 | 704 | 1,085 | 804 |
| Long Term Debt | -0.9% | 6,708 | 6,769 | 6,491 | 6,519 | 6,605 | 6,979 | 6,939 | 7,299 | 7,434 | 7,463 | 6,585 | 6,357 | 6,377 | 5,081 | 4,956 | 4,143 | 4,192 | 4,225 | 5,447 | 4,928 | 5,244 |
| Shareholder's Equity | -0.6% | 4,127 | 4,153 | 4,026 | 4,109 | 4,189 | 3,139 | 3,300 | 2,955 | 3,003 | 2,995 | 2,715 | 2,237 | 2,232 | 2,264 | 2,263 | 2,046 | 2,054 | 2,145 | 2,224 | 2,375 | 2,288 |
| Retained Earnings | -1.7% | 412 | 419 | 463 | 494 | 505 | -65.00 | -33.00 | -25.00 | -46.00 | -81.00 | -84.00 | -22.00 | -54.00 | -101 | -72.00 | -66.00 | -105 | -80.00 | -58.00 | 13.00 | 25.00 |
| Additional Paid-In Capital | -0.1% | 1,718 | 1,719 | 1,761 | 1,786 | 1,785 | 1,826 | 1,872 | 1,810 | 1,848 | 1,886 | 1,922 | 1,918 | 1,934 | 1,922 | 1,936 | 1,830 | 1,852 | 1,870 | 1,897 | 1,935 | 1,859 |
| Shares Outstanding | 0.1% | 202 | 202 | 202 | 202 | 202 | 202 | 202 | 202 | 202 | 202 | 202 | 201 | 201 | 199 | 199 | 193 | 193 | 193 | 193 | - | - |
| Minority Interest | -0.9% | 1,987 | 2,006 | 1,792 | 1,818 | 1,896 | 1,377 | 1,466 | 1,177 | 1,209 | 1,199 | 890 | 355 | 370 | 463 | 413 | 298 | 322 | 373 | 402 | 440 | 419 |
Cashflow (Last 12 Months)(In Millions)
| Cashflow (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Cashflow From Operations | -6.8% | 717 | 769 | 787 | 779 | 739 | 747 | 701 | 633 | 602 | 508 | 545 | 544 | 511 | 500 | 477 | 476 | 467 | 494 | 498 | 540 | 529 |
| Cashflow From Investing | -135.7% | -382 | 1,071 | 1,065 | 665 | 886 | -643 | -865 | -472 | -522 | -359 | -62.00 | -188 | -217 | -459 | -468 | -310 | -230 | -167 | -185 | -334 | -418 |
| Cashflow From Financing | 45.7% | -705 | -1,298 | -1,510 | -829 | -793 | -50.00 | 367 | -143 | -26.00 | -98.00 | -435 | -216 | -174 | 41.00 | -175 | -158 | -210 | -306 | -46.00 | -140 | -142 |
| Dividend Payments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 180 | 202 | 222 | 238 | 227 | 218 |
CWEN Income Statement
2023-06-30CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($) shares in Millions, $ in Millions | 3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
| Operating Revenues | ||||
| Total operating revenues | $ 406 | $ 368 | $ 694 | $ 582 |
| Operating Costs and Expenses | ||||
| Cost of operations, exclusive of depreciation, amortization and accretion shown separately below | 118 | 112 | 226 | 240 |
| Depreciation, amortization and accretion | 128 | 126 | 256 | 250 |
| General and administrative | 9 | 11 | 19 | 23 |
| Transaction and integration costs | 2 | 3 | 2 | 5 |
| Development costs | 0 | 1 | 0 | 2 |
| Total operating costs and expenses | 257 | 253 | 503 | 520 |
| Gain on sale of business | 0 | 1,291 | 0 | 1,291 |
| Operating Income | 149 | 1,406 | 191 | 1,353 |
| Other Income (Expense) | ||||
| Equity in earnings of unconsolidated affiliates | 3 | 10 | 0 | 14 |
| Other income, net | 9 | 5 | 17 | 5 |
| Loss on debt extinguishment | 0 | 0 | 0 | (2) |
| Interest expense | (55) | (47) | (154) | (94) |
| Total other expense, net | (43) | (32) | (137) | (77) |
| Income Before Income Taxes | 106 | 1,374 | 54 | 1,276 |
| Income tax expense | 22 | 225 | 10 | 224 |
| Net Income | 84 | 1,149 | 44 | 1,052 |
| Less: Net income attributable to noncontrolling interests and redeemable noncontrolling interests | 46 | 579 | 6 | 514 |
| Net Income Attributable to Clearway Energy, Inc. | 38 | 570 | 38 | 538 |
| Common Class A | ||||
| Other Income (Expense) | ||||
| Net Income Attributable to Clearway Energy, Inc. | $ 11 | $ 169 | $ 11 | $ 160 |
| Earnings 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 | 35 | 35 |
| Weighted average number of common shares outstanding - diluted (in shares) | 35 | 35 | 35 | 35 |
| Earnings per weighted average common share — basic (in dollars per share) | $ 0.33 | $ 4.89 | $ 0.32 | $ 4.62 |
| Earnings per weighted average common share — diluted (in dollars per share) | 0.33 | 4.89 | 0.32 | 4.62 |
| Common stock, dividends, per share, cash paid (in dollars per share) | $ 0.3818 | $ 0.3536 | $ 0.7563 | $ 0.7004 |
| Common Class C | ||||
| Other Income (Expense) | ||||
| Net Income Attributable to Clearway Energy, Inc. | $ 27 | $ 401 | $ 27 | $ 378 |
| Earnings 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 | 82 | 82 |
| Weighted average number of common shares outstanding - diluted (in shares) | 82 | 82 | 82 | 82 |
| Earnings per weighted average common share — basic (in dollars per share) | $ 0.33 | $ 4.89 | $ 0.32 | $ 4.62 |
| Earnings per weighted average common share — diluted (in dollars per share) | 0.33 | 4.89 | 0.32 | 4.62 |
| Common stock, dividends, per share, cash paid (in dollars per share) | $ 0.3818 | $ 0.3536 | $ 0.7563 | $ 0.7004 |
CWEN Balance Sheet
2023-06-30CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions | Jun. 30, 2023 | Dec. 31, 2022 |
|---|---|---|
| Current Assets | ||
| Cash and cash equivalents | $ 547 | $ 657 |
| Restricted cash | 371 | 339 |
| Inventory | 51 | 47 |
| Derivative instruments | 34 | 26 |
| Prepayments and other current assets | 70 | 54 |
| Total current assets | 1,289 | 1,276 |
| Property, plant and equipment, net | 7,748 | 7,421 |
| Other Assets | ||
| Equity investments in affiliates | 352 | 364 |
| Intangible assets for power purchase agreements, net | 2,397 | 2,488 |
| Other intangible assets, net | 74 | 77 |
| Derivative instruments | 83 | 63 |
| Right-of-use assets, net | 550 | 527 |
| Other non-current assets | 131 | 96 |
| Total other assets | 3,587 | 3,615 |
| Total Assets | 12,624 | 12,312 |
| Current Liabilities | ||
| Current portion of long-term debt | 330 | 322 |
| Accounts payable — trade | 63 | 55 |
| Derivative instruments | 44 | 50 |
| Accrued interest expense | 54 | 54 |
| Accrued expenses and other current liabilities | 54 | 114 |
| Total current liabilities | 606 | 617 |
| Other Liabilities | ||
| Long-term debt | 6,708 | 6,491 |
| Deferred income taxes | 118 | 119 |
| Derivative instruments | 259 | 303 |
| Long-term lease liabilities | 578 | 548 |
| Other non-current liabilities | 213 | 201 |
| Total other liabilities | 7,876 | 7,662 |
| Total Liabilities | 8,482 | 8,279 |
| Redeemable noncontrolling interest in subsidiaries | 15 | 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); 202,075,237 shares issued and outstanding (Class A 34,613,853, Class B 42,738,750, Class C 82,385,884, Class D 42,336,750) at June 30, 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 | 1,718 | 1,761 |
| Retained earnings | 412 | 463 |
| Accumulated other comprehensive income | 9 | 9 |
| Noncontrolling interest | 1,987 | 1,792 |
| Total Stockholders’ Equity | 4,127 | 4,026 |
| Total Liabilities and Stockholders’ Equity | 12,624 | 12,312 |
| Nonrelated Party | ||
| Current Assets | ||
| Accounts receivable | 215 | 153 |
| Affiliated Entity | ||
| Current Assets | ||
| Accounts receivable | 1 | 0 |
| Current Liabilities | ||
| Accounts payable — affiliates | $ 61 | $ 22 |
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.