Clearway Energy, Inc. (CWEN-A) Stock Analysis
Range Bound setup
Utilities · Utilities - Renewable
Sell if holding. At $40.43, A.R:R is negative (-1.4) — price has exceeded the analyst target. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: Concentration risk — Commodity: renewable energy and storage (98.0%); Concentration risk — Supplier: CEG.
Clearway Energy owns approximately 12.9 GW of clean energy generation capacity across 27 U.S. states, with 98% of 2025 generation from renewable and storage assets. Revenue of $1.43 billion in 2025 came primarily from long-term contracted offtake agreements; top customers SCE... Read more
Sell if holding. At $40.43, A.R:R is negative (-1.4) — price has exceeded the analyst target. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: Concentration risk — Commodity: renewable energy and storage (98.0%); Concentration risk — Supplier: CEG. Chart setup: RSI 48 mid-range, Bollinger mid-band. Score 5.8/10, moderate confidence.
Passes 6/8 gates (positive momentum, clean insider activity, news events none recent, earnings proximity no date, semi cycle peak clear, materials cycle peak clear). Fails on favorable risk/reward ratio. Suitability: moderate.
About Clearway Energy, Inc.
About Clearway Energy, Inc.
Clearway Energy's generation portfolio spans 12.9 GW of gross capacity across 27 states, with 10.1 GW in wind, solar, and battery energy storage (BESS) delivering 98% renewable output in 2025. Total operating revenues reached $1.43 billion in 2025, split between the Renewables & Storage segment ($1.14 billion) and the Flexible Generation segment ($291 million), with the latter providing dispatchable combustion-based grid reliability capacity. The company's offtake counterparties carry a weighted-average Moody's rating of Baa1 based on rated capacity under contract.
Clearway earns revenue primarily under long-term power purchase agreements with an average remaining duration of roughly 12 years across Renewables & Storage. The two largest customers—SCE and PG&E—represented 22% and 16% of consolidated 2025 revenues, respectively, both California-regulated investor-owned utilities. The Flexible Generation assets, largely efficient gas generation in California markets, operate under market-based rates outside long-term PPAs and face fuel procurement cost risk. FERC regulates interstate wholesale power sales across most of the fleet, while ERCOT-footprint assets fall under PUCT jurisdiction rather than FERC rate-making authority. Sponsor Clearway Energy Group LLC controls the company through majority ownership of Class B and Class D common stock and provides the operational backbone under the CEG Master Services Agreement, covering capital formation, asset management, and commercial operations.
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The combined counterparty exposure to SCE (22%) and PG&E (16%) totals 38% of consolidated revenues—both California utilities whose long-term bilateral contracts with Clearway could in principle be challenged in federal court on grounds that state-mandated rates conflict with FERC pricing authority. The 10-K notes that similar contracts at other companies have been declared unconstitutional under this theory. If any such challenge succeeded, the affected facility could be unable to replace the contract on comparable terms, which may impact cash available for distribution and the company's dividend trajectory.
See also: Utilities · Utilities - Renewable
From Clearway Energy, Inc.'s most recent 10-K filing, extracted June 9, 2026.
Recent developments
updated 2026-06-15Recent Developments — Clearway Energy, Inc.
Latest news
- NEWS Clearway Energy, Inc. Announces Results of 2026 Annual Meeting of Stockholders - Investing News Network — Investing News Network neutral
- NEWS Clearway Energy, Inc.(NYSE: CWEN.A) dropped from Russell 3000 Value Benchmark - marketscreener.com — marketscreener.com neutral
- NEWS Clearway Energy, Inc.(NYSE: CWEN.A) dropped from Russell 2500 Value Benchmark - marketscreener.com — marketscreener.com negative
- NEWS Clearway Energy, Inc.(NYSE: CWEN.A) dropped from Russell Midcap Index - marketscreener.com — marketscreener.com negative
- NEWS Clearway Energy, Inc. Announces Results of 2026 Annual Meeting of Stockholders - The Manila Times — The Manila Times neutral
Generated 2026-06-15T18:11:46Z.
Upcoming dated catalysts
Thesis
Key Metrics
Quality Signals
Options Flow
Concentration Risks(10-K Item 1A)
- LOWCustomerSCE22%10-K Item 1A: 'the largest customers...were SCE and PG&E, which represented 22% and 16%, respectively, of total consolidated revenues'
- LOWCustomerPG&E16%10-K Item 1A: 'the largest customers...were SCE and PG&E, which represented 22% and 16%, respectively, of total consolidated revenues'
- HIGHCommodityrenewable energy and storage98%10-K Item 1: 'In 2025, 98% of the Company's total generation was attributable to renewable energy and storage assets'
- HIGHSupplierCEG10-K Item 1A: 'If CEG terminates the CEG Master Services Agreement...the Company may be unable to contract with a substitute service provider on similar terms, or at all'
Material Events(8-K, last 90d)
- 2026-05-15Item 5.02LOWKevin P. Malcarney, EVP, General Counsel and Corporate Secretary, to retire effective June 1, 2026. Transition services agreement signed; Malcarney stays as non-executive employee through June 26, 2026. No successor named.SEC filing →
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Rating Breakdown
10 dimensions · all in-band
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Sell if holding. At $40.43, A.R:R is negative (-1.4) — price has exceeded the analyst target. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: Concentration risk — Commodity: renewable energy and storage (98.0%); Concentration risk — Supplier: CEG. Chart setup: RSI 48 mid-range, Bollinger mid-band. Prior stop was $37.60. Score 5.8/10, moderate confidence.
Take-profit target: $40.58 (+0.4% upside). Prior stop was $37.60. Stop-loss: $37.60.
Concentration risk — Commodity: renewable energy and storage (98.0%); Concentration risk — Supplier: CEG; Analyst target reached - limited upside remaining.
Clearway Energy, Inc. trades at a P/E of 28.3 (forward 22.3). TrendMatrix value score: 5.0/10. Verdict: Sell.
17 analysts cover CWEN-A with a consensus score of 4.1/5. Average price target: $42.
What does Clearway Energy, Inc. do?Clearway Energy owns approximately 12.9 GW of clean energy generation capacity across 27 U.S. states, with 98% of 2025...
Clearway Energy owns approximately 12.9 GW of clean energy generation capacity across 27 U.S. states, with 98% of 2025 generation from renewable and storage assets. Revenue of $1.43 billion in 2025 came primarily from long-term contracted offtake agreements; top customers SCE and PG&E represented 22% and 16% of revenues. The company is controlled by sponsor Clearway Energy Group LLC (CEG), which also provides all asset management and operations services under the CEG Master Services Agreement.