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Clearway Energy Inc Class C (CWEN) Fair Value & Analysis

Utilities · US · Market cap $8.0B · ISIN US18539C2044

What is Clearway Energy Inc Class C really worth?

CE Clearway Energy Inc Class C logo Clearway Energy Inc Class C CWEN · US
Price$31.47
Fair Value$41.78
Upside+32.8%
Quality42/100

Below-average quality, trading 25% below our fair value of $41.78.

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Risks

!Expensive Growth (revenue 5y +3.6 %/yr)
!Thin margins · 0.6% net margin
!High debt · generates free cash flow
!Trails peers (4/15)
!Narrow moat 28/100
!Evidence only medium, so the estimate is less certain

For context

·5.71% dividend yield
Evidence: Medium Range $25.15 – $55.30

Fair value as of: Aug 27, 2026

From 17 valuation models · updated 8 days ago

Fair value updated Aug 27, 2026, revised from $23.71 to $41.78 (+76.2%) since Aug 13, 2026. Share price −0.8% over the past month.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • The large discount to fair value meets weak quality (42/100). That raises the risk this is a value trap rather than a bargain.
  • A fairly wide model range ($25.15 to $55.30) leaves room in how you read the outcome.

Price vs Fair Value (5 years)

$41.26 $15.99 Fair Value $41.78 Jun 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 27, 2026.

How to read this chart

60‑month range $15.99 – $41.26 · fair‑value band $25.15 – $55.30 · the $31.47 price screens below the $41.78 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 27, 2026.

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Analysis

Clearway Energy Inc Class C (CWEN) currently trades at $31.47, while our model-based Fair Value estimate is $41.78, implying the stock looks roughly 24.7% undervalued today. The Quality Score stands at 42/100 (below-average quality), in the Utilities sector. Bull case: the Dividend Discount group reads highest at a median of $44.68 per share, and 4 of the 15 models we run sit above the $31.47 price. Bear case: the Asset-Based group reads lowest at $10.64, and 11 of the 15 models stay below the price. Evidence for this calculation is medium.

Over the trailing twelve months, Clearway Energy Inc Class C generated revenue of $1.5B at a net margin of 0.6%. Revenue grew 18.8% year over year. It earns a return on equity of −3.6%. Net debt stands at $9.4B. Fundamentals as of Aug 27, 2026

Our scenario range runs from $25.15 (bear case) to $55.30 (bull case); at $31.47, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 25% below its 52-week high and 18% above its 52-week low, currently below its 200-day average. For context, the median of 10 Utilities peers we cover trades at −12% fair-value upside, at 33%, CWEN screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
FCF DCF $29.60 77
Residual Income $13.44 $14.56 $17.03 76
Growth DCF $27.07 75
All 17 models by family
DCF Models
FCF DCF $29.60 77
Owner Earnings $10.20 $52.19 $116.91 68
5Y EBITDA Exit $29.86 $75.48 72
10Y EBITDA Exit $16.90 $61.03 65
Earnings-Based
Graham-Dodd $9.48 $34.99 $47.27 64
Lynch FV $8.38 $11.97 $15.56 61
PEG = 1.0 $8.38 $11.97 $15.56 57
Dividend Discount
Gordon GGM $25.95 $51.71 $78.30 67
DDM Multi-Stage $25.95 $44.68 $54.58 67
Multiples
P/E Multiple $18.83 $25.11 $31.38 63
P/S Multiple $17.78 $23.71 $29.64 58
P/B Multiple $17.78 $23.71 $29.64 55
EV/EBITDA $7.24 $29.13 $51.02 61
Asset-Based
NCAV (Graham) $7.94 $10.64 $15.88 54
Growth DCF
Growth DCF $27.07 75
Economic Profit
Residual Income $13.44 $14.56 $17.03 76
Growth Earnings
Growth-Adj P/E $14.27 $20.38 $26.50 67

Widest divergence: Dividend Discount ($44.68) versus Asset-Based ($10.64). Highest evidence: FCF DCF (77).

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Key figures & financial health

P/E ratio 403.8 as of Jun 5, 2026
P/S ratio 47.8 P/E × margin
EPS (TTM) $0.1000 price ÷ EPS = P/E 403.8
Dividend yield 5.7%
Net margin 11.8% FY2025
Return on equity −3.6% TTM
More key figures
Profitability
Return on assets (EBIT) 3.6% avg 5y
Operating margin 7.6% TTM
Growth
Revenue (TTM) $1.5B TTM
Revenue growth (YoY) +18.8% 3y avg +6.3%
EPS growth (YoY) +556%
Balance sheet & cash flow
Free cash flow $369M FY2025
Net debt $9.4B FY2025 · ≈ 25.4 yrs of FCF

Figures from reported company fundamentals · as of Aug 27, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 42/100

Of which business quality 43 · Market factors (momentum, volatility) 44

Profitability 24
Margins and returns on capital today
Quality Growth 32
Are margins and returns improving?
Cashflow 83
Earnings quality: real cash, not paper profit
Fin. Strength 5
Balance sheet, leverage, solvency risk
Investment 49
Disciplined investing over empire-building
Low Volatility 68
Calm price path (market factor)
Momentum 30
Price trend over the last 3–12 months (market factor)
52W Momentum 40
Distance to the 52-week high (market factor)
Net Issuance 75
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

Clearway Energy, Inc. operates in the clean energy generation assets business in the United States. It operates through Flexible Generation and Renewables & Storage segments.

Full company description

Clearway Energy, Inc. operates in the clean energy generation assets business in the United States. It operates through Flexible Generation and Renewables & Storage segments. The company's portfolio comprises approximately 12.9 GW of gross capacity in 27 states, including approximately 10.1 GW of wind, solar, and battery energy storage systems; and approximately 2.8 GW of dispatchable combustion-based power generation assets included in the Flexible Generation segment that provide critical grid reliability services. The company was formerly known as NRG Yield, Inc. and changed its name to Clearway Energy, Inc. in August 2018. 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.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Clearway Energy Inc Class C reported revenue of $1.4B in FY2025 versus $1.3B in FY2021, a compound +2.7%/yr. Reported net income was $169M in FY2025, compounding +34.9%/yr from FY2021.

Growth Quality 59/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
$1.4B
Latest YoY
+4.2%
Avg. revenue growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+6.3%
Avg. revenue growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+3.6%
Avg. revenue growth/yr (15Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+16.6%
Value creation/yr (5Y) Earnings growth per share (CAGR 5 years, EBIT basis) plus dividend yield: value created per share and year.
−2.6% (−8.3 + 5.7)
Revenue +2.7%/yr
FY21 $1.3B
FY22 $1.2B
FY23 $1.3B
FY24 $1.4B
FY25 $1.4B
Net income +34.9%/yr
FY21 $51.0M
FY22 $582M
FY23 $79.0M
FY24 $88.0M
FY25 $169M
Character of growth · EPS growth decomposed (2014-2025) +8.8 % p.a.
Revenue per share +0.4 %

of which total revenue +5.0 % · buybacks/dilution −4.3 %

EBIT margin −7.3 %
Tax rate −1.0 %
Residual (interest, one-offs) +18.0 %

Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).

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Cite: Fair Value Calculator (2026). "Clearway Energy Inc Class C Fair Value". https://www.fairvalue-calculator.com/stock/CWEN

Earlier news

External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.

Peer Group

Utilities - Renewable · 213 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 42 · Above median
Fair Value upside +33% · Top 25%
Return on assets 1% · Below median
Net margin (TTM) 1% · Below median
Operating margin (TTM) 8% · Below median
Revenue growth 19% · Above median
Dividend yield (TTM) 5.7% · Top 25%
Debt / equity 4.11× · Higher than 75% of peers

Valuation Multiples vs Utilities - Renewable median · lower = cheaper

P/E (TTM) 403.8× · Pricier than 75% of peers
P/B 4.17× · Pricier than 75% of peers
P/S (TTM) 5.40× · Pricier than 75% of peers
P/FCF 21.7× · Pricier than 75% of peers
EV/EBITDA 13.8× · Pricier than median
PEG 3.41× · Pricier than 75% of peers

Strength profile in five axes (Snowflake)

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE77 · sector 6
FUTURE94 · sector 0
PAST0 · sector 14
HEALTH0 · sector 68
DIVIDEND100 · sector 44

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Utilities - Renewable stocks, each showing price versus our Fair Value estimate (as of Aug 27, 2026).

Stock Price Fair Value vs Fair Value
China Yangtze Power Co 600900 ¥27.96 ¥25.13 −10%
Ørsted A/S ORSTED kr 139.25 kr 31.40 −77%
Huaneng Lancang River Hydropower Inc 600025 ¥9.79 ¥5.57 −43%
Adani Green Energy Limited ADANIGREEN ₹1,319 ₹169.61 −87%
AXIA Energia SA AXIAP $10.74 $9.49 −12%
VERBUND AG OEWA €57.00 €66.19 +16%
BEP BEP $31.27 $70.40 +125%
BEPUN BEPUN C$45.05 C$42.83 −5%
Fortum Oyj FORTUM €19.80 €13.55 −32%
China Longyuan Power Group 001289 ¥15.92 ¥7.55 −53%

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Frequently asked questions

Is Clearway Energy Inc Class C (CWEN) overvalued or undervalued?
As of Aug 27, 2026, our model estimates a fair value of $41.78 versus a price of $31.47, about +33% upside (undervalued).
What is the fair value of CWEN?
Our model-based fair value for Clearway Energy Inc Class C is $41.78 (as of Aug 27, 2026), built from audited fundamentals. The current price: $31.47.
What is the quality score of CWEN?
Clearway Energy Inc Class C has a Quality Score of 42/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Clearway Energy Inc Class C (CWEN)?
Clearway Energy Inc Class C reported trailing-twelve-month revenue of about $1.5B (latest available figure, as of Aug 27, 2026).
What is the net profit margin of CWEN?
The net profit margin of Clearway Energy Inc Class C is about 0.6%, meaning it keeps roughly 0.6% of revenue as net income. Based on the latest reported figures.
Does Clearway Energy Inc Class C pay a dividend?
Clearway Energy Inc Class C currently shows a dividend yield of about 5.71% relative to its recent price (as of Aug 27, 2026).
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