Loading…
Ray DalioAdded
Bridgewater Associates · Q2 2026
$2.8M
81.94K shares · 0.0% of portfolio
Clearway Energy, Inc.
Clearway Energy, Inc. (CWEN) is listed on NYSE and classified in Utilities - Renewable, part of the Utilities sector. It is headquartered in Princeton, United States. The company is worth $7.75B and trades at 40.8x its earnings of the last twelve months; the median for its sector is 20.5x. Revenue was $1.43B in fiscal 2025, up 4.2% from the year before. Net income was $169M. The share price is 24.7% below its 52-week high of $41.74. It pays a dividend yielding 5.92%, and has raised its annual dividend for 6 years in a row in our records. 7 of the 38 superinvestors we track held it at the end of Q2 2026. The largest position belongs to Two Sigma (Two Sigma Investments), at $31.07M. In that quarter, 1 of them opened or added to the position and 3 reduced it. No open-market insider trades in it were filed over the last 30 days.
Written from the data on this page: SEC filings (13F, Form 4, annual reports) and market prices.
Year by year, from the annual reports; dividends from the payments themselves.
Bars are year-end balances; lines are what happened during the year.
Major managers that reported this stock in their latest 13F.
▼ -19.8% over 5Y.
today you would have $1,098.53▲ +9.9%
Dividends reinvested, splits accounted for. Past prices say what happened, not what will.
The last 11 closed years, each at that year’s closing price and reported numbers.
| Indicator | Median | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Year-end price | $33.26 | $26.00 | $27.43 | $31.87 | $36.03 | $31.93 | $19.95 | $17.25 | $18.90 | $15.80 | $14.76 | |
| P/E | 37.5x | 6.9x | 34.7x | 40.9x | 6.4x | 81.9x | 145.1x | — | 37.5x | — | — | — |
Seven formulas applied to the reported numbers, each with its assumption next to the result. None of them predicts a price.
Square root of 22.5 × earnings × book value. Blind to intangibles, so it undervalues software and brands.
Earnings growing 25.0% a year plus a 5.9% dividend yield. Growth capped at 25%.
Median P/E of 20.5 among peers in the sector.
Median P/E of 37.5 across this company’s own years on record.
Cash flow growing 15.0% a year for 10 years, discounted at 10%, then 2.5% forever.
Sector median of 13.3x operating profit, less net debt. Banks have no EBITDA.
Dividend growing 6.9% a year against a 8.4% required return, from the stock’s beta.
Companies of similar size in Utilities, for comparison. The columns are the same ones above, in the same order.
| Stock | Price | P/E | P/B | Dividend yield | ROE | Market cap |
|---|---|---|---|---|---|---|
| IDAIdacorp Inc | $142.06 | 23.0x | 2.1x | 2.53% | 9.44% | $8.22B |
| UGIUGI Corp | $38.61 | 12.8x | 1.6x | 3.88% | 13.28% | $8.28B |
| SWXSouthwest Gas Holdings, Inc. | $91.08 | 22.8x | 1.6x | 2.83% | 6.83% | $6.6B |
| CIGEnergy Co of Minas Gerais | $2.28 |
| P/S | 4.5x | 4.7x | 3.8x | 4.2x | 5.4x | 5.7x | 5.4x | 3.8x | 3.2x | — | — | — |
| P/B | 1.5x | 1.2x | 0.9x | 1.1x | 1.6x | 2.2x | 2.4x | 1.8x | 1.5x | — | — | — |
| EPS | $4.83 | $0.75 | $0.67 | $4.99 | $0.44 | $0.22 | -$0.10 | $0.46 | — | — | — |
| Dividend yield | 5.32% | 5.32% | 6.36% | 5.62% | 4.48% | 3.69% | 3.29% | 4.01% | 7.29% | 5.81% | 5.98% | 4.23% |
| Payout | 230.15% | 36.62% | 220.53% | 230.15% | 28.62% | 301.82% | 477.73% | — | 273.48% | — | — | — |
| Profit margin | 4.56% | 11.83% | 6.42% | 6.01% | 48.91% | 3.97% | 2.09% | -1.07% | 4.56% | -1.59% | 0.19% | 7.44% |
| ROE | 1.58% | 2.91% | 1.58% | 1.58% | 14.46% | 1.55% | 0.92% | -0.49% | 2.16% | -0.74% | 0.08% | 2.48% |
Median of the years shown; P/E years above 200x are left out.
The average of the method families that answered, not of the seven numbers: four of the seven start from the same earnings per share.
7 methods answered, across 4 families.
Room for errors in the reported numbers.
+44.1% from the average.
Models, not forecasts, and not investment advice. How each formula works →
| 7.4x |
| 1.1x |
| 6.58% |
| 15.94% |
| $6.52B |
| TXNMTXNM Energy Inc | $58.73 | 33.8x | 1.8x | 2.88% | 6.25% | $6.47B |
| CIG.CEnergy Co of Minas Gerais | $3.39 | 10.9x | 1.7x | 4.42% | 15.94% | $9.7B |
