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Clearway Energy, Inc. Stock Research

CWEN

29.20USD-0.09(-0.31%)Delayedas of 26 May 2023, 02:28 pm

Market Summary

USD29.20-0.09
Delayedas of 26 May 2023, 02:28 pm
-0.31%

CWEN Alerts

CWEN Stock Price

CWEN RSI Chart

CWEN Valuation

Market Cap

5.9B

Price/Earnings (Trailing)

4.98

Price/Sales (Trailing)

4.68

EV/EBITDA

5.48

Price/Free Cashflow

9.6

CWEN Price/Sales (Trailing)

CWEN Profitability

Operating Margin

63.45%

EBT Margin

107.73%

Return on Equity

14.46%

Return on Assets

4.73%

Free Cashflow Yield

10.41%

CWEN Fundamentals

CWEN Revenue

Revenue (TTM)

1.3B

Revenue Y/Y

34.58%

Revenue Q/Q

7.46%

CWEN Earnings

Earnings (TTM)

1.2B

Earnings Y/Y

100%

Earnings Q/Q

-100%

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

Current Ratio

2.07

Debt/Equity

1.61

Debt/Cashflow

0.12

CWEN Investor Care

Buy Backs (1Y)

0.01%

Diluted EPS (TTM)

4.99

Financials for Clearway Energy

Income Statement (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q12022Q42022Q32022Q22022Q1
Revenue6.2%1,2641,1901,2401,2511,263
  S&GA Expenses-5.0%38.0040.0041.0043.0042.00
EBITDA-0.8%2,0262,0432,031754-
EBITDA Margin3.3%1.70*1.65*1.62*0.60*-
Earnings Before Taxes3.6%1,3281,2821,3191,270-65.00
EBT Margin1.3%1.08*1.06*1.02*-0.05*-
Interest Expenses22.4%284232223258314
Net Income104.3%1,1895821,0701,059-55.00
Net Income Margin-43.3%0.49*0.86*0.44*0.01*-
Free Cahsflow2.7%675657600628-
Balance Sheet
(In Millions)
Description(%) Q/Q2023Q12022Q42022Q32022Q22022Q1
Assets3.5%12,74912,31212,59612,64812,628
  Current Assets1.0%1,2891,2761,4881,6351,373
    Cash Equivalents54.2%1,013657793955140
  Inventory4.3%49.0047.0048.0039.0038.00
  Net PPE6.0%7,8637,4217,4377,5457,661
Liabilities3.7%8,5878,2798,4808,4559,489
  Current Liabilities3.4%6386178087491,527
  Long Term Debt4.3%6,7696,4916,5196,6056,979
    LT Debt, Current7.9%493457770--
    LT Debt, Non Current-1.3%6,5196,6056,979--
Shareholder's Equity3.2%4,1534,0264,1094,1893,139
  Retained Earnings-9.5%419463494505-65.00
  Additional Paid-In Capital-2.4%1,7191,7611,7861,7851,826
Shares Outstanding0%202202202202202
Minority Interest11.9%2,0061,7921,8181,8961,377
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2023Q12022Q42022Q32022Q22022Q1
Cashflow From Operations-2.3%769787779739747
Cashflow From Investing0.6%1,0711,065665886-643
Cashflow From Financing14.0%-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 ascendingFund NameType% 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%

1–10 of 48

Latest Funds Activity

Are funds buying CWEN calls or puts?
Calls
Puts
Are funds bullish or bearish(Calls - Puts)?
Net Call Options
No. of funds that own CWEN
No. of Funds

Clearway Energy News

MarketBeat
Bank of Nova Scotia Makes New $384000 Investment in Clearway ....
MarketBeat,
32 hours ago
The Motley Fool
The Motley Fool
Investing.com India
Zacks Investment Research
Zacks Investment Research
Zacks Investment Research

Schedule 13G FIlings of Clearway Energy

Date FiledName of FilerPercent of ClassNo. of SharesForm 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 ValueVery PessimisticPessimisticBase CaseOptimisticVery 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 ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
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
-

1–10 of 50

Christopher S. Sotos
300
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

2023-03-31
CONSOLIDATED 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 below108128
Depreciation, amortization and accretion128124
General and administrative1012
Transaction and integration costs02
Development costs01
Total operating costs and expenses246267
Operating Income (Loss)42(53)
Other Income (Expense)  
Equity in (losses) earnings of unconsolidated affiliates(3)4
Other income, net80
Loss on debt extinguishment0(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)3535
Weighted average number of common shares outstanding - diluted (in shares)3535
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)8282
Weighted average number of common shares outstanding - diluted (in shares)8282
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

2023-03-31
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 31, 2023
Dec. 31, 2022
Current Assets  
Cash and cash equivalents$ 576$ 657
Restricted cash437339
Accounts receivable — trade150153
Inventory4947
Derivative instruments2726
Prepayments and other current assets5054
Total current assets1,2891,276
Property, plant and equipment, net7,8637,421
Other Assets  
Equity investments in affiliates346364
Intangible assets for power purchase agreements, net2,4432,488
Other intangible assets, net7577
Derivative instruments6463
Right-of-use assets, net554527
Other non-current assets11596
Total other assets3,5973,615
Total Assets12,74912,312
Current Liabilities  
Current portion of long-term debt366322
Accounts payable — trade7055
Accounts payable — affiliates5022
Derivative instruments3950
Accrued interest expense3654
Accrued expenses and other current liabilities77114
Total current liabilities638617
Other Liabilities  
Long-term debt6,7696,491
Deferred income taxes98119
Derivative instruments296303
Long-term lease liabilities577548
Other non-current liabilities209201
Total other liabilities7,9497,662
Total Liabilities8,5878,279
Redeemable noncontrolling interest in subsidiaries97
Commitments and Contingencies
Stockholders’ Equity  
Preferred stock, $0.01 par value; 10,000,000 shares authorized; none issued00
Class A, Class B, Class C and Class D common stock, $0.01 par value; 3,000,000,000 shares authorized (Class A 500,000,000, Class B 500,000,000, Class C 1,000,000,000, Class D 1,000,000,000); 201,972,813 shares issued and outstanding (Class A 34,613,853, Class B 42,738,750, Class C 82,283,460, Class D 42,336,750) at March 31, 2023 and 201,972,813 shares issued and outstanding (Class A 34,613,853, Class B 42,738,750, Class C 82,283,460, Class D 42,336,750) at December 31, 202211
Additional paid-in capital1,7191,761
Retained earnings419463
Accumulated other comprehensive income89
Noncontrolling interest2,0061,792
Total Stockholders’ Equity4,1534,026
Total Liabilities and Stockholders’ Equity$ 12,749$ 12,312