Clearway Energy, Inc. (CWEN)
Clearway Energy, Inc. (CWEN) operates as an energy company primarily focused on renewable power generation across the United States. Its diverse portfolio includes approximately 5,000 net megawatts (MW) of installed wind and solar projects, alongside around 2,500 net MW derived from natural gas generation facilities. The firm, founded in 2012 and headquartered in Princeton, New Jersey, was formerly known as NRG Yield, Inc. until it adopted the Clearway Energy, Inc. name in August 2018. It operates as a subsidiary of Clearway Energy Group LLC.
Sector: Electric Services
Industry: Renewable Utilities
Clearway Energy, Inc.
NYSE:CWENUtilities · Renewable Utilities
-1.02%$31.11
AH Close$31.11+0.00%vs close
AH Close$31.11+0.00%vs close
Mkt Cap$6.39B
Float62.32M
O/S205.27M
Inst Own51.4%
SI12.3%
Div Yield5.96%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$1.43B
Net Income$169M
Total Assets$16.66B
Free Cash Flow$369M
Debt & Equity
Debt 84%
Equity 16%
Total Debt$10.2B
Total Equity$1.92B
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in CWEN's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$16.66B
Liabilities$10.74B
Accounts Receivable$163M
Accounts Payable$127M
Inventory$75M
PP&E (Net)$12.31B
Goodwill$0
Intangible Assets$2.29B
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 |
| Revenue | $1.43B | $1.37B | $1.31B | $1.19B | $1.29B | $1.2B | $1.03B | $1.05B | $1.01B | $1.02B | $953M | $689M | $313M | $175M | $164M | $143M |
| YoY Growth | 4.2% | 4.3% | 10.4% | -7.5% | 7.3% | 16.2% | -2.0% | 4.4% | -1.2% | 7.1% | 38.3% | 120.1% | 78.9% | 6.7% | 14.7% | - |
| Cost of Revenue | $1.21B | $501M | $473M | $435M | $451M | $366M | $337M | $332M | $326M | $306M | $321M | $239M | $127M | $106M | $103M | $97M |
| Gross Profit | $217M | $870M | $841M | $755M | $835M | $833M | $695M | $721M | $683M | $715M | $632M | $450M | $186M | $69M | $61M | $46M |
| Gross Margin | 15.2% | 63.5% | 64.0% | 63.4% | 64.9% | 69.5% | 67.3% | 68.5% | 67.7% | 70.0% | 66.3% | 65.3% | 59.4% | 39.4% | 37.2% | 32.2% |
| Research and Development | $0 | $0 | $0 | $2M | $6M | $5M | $5M | $3M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $41M | $39M | $36M | $40M | $40M | $34M | $29M | $20M | $19M | $16M | $12M | $8M | $7M | $13M | $11M | $10M |
| Other | $0 | $635M | $542M | -$757M | $522M | $461M | $437M | $8M | $4M | $3M | $3M | $3M | $2M | $1M | $2M | $3M |
| Total Operating Expenses | $41M | $674M | $578M | -$715M | $568M | $500M | $471M | $354M | $353M | $313M | $309M | $174M | $58M | $38M | $33M | $26M |
| Operating Income (EBIT) | $176M | $196M | $263M | $1.47B | $267M | $333M | $224M | $347M | $283M | $218M | $320M | $272M | $128M | $31M | $28M | $20M |
| Operating Margin | 12.3% | 14.3% | 20.0% | 123.5% | 20.8% | 27.8% | 21.7% | 33.0% | 28.0% | 21.4% | 33.6% | 39.5% | 40.9% | 17.7% | 17.1% | 14.0% |
| Interest Expense | $387M | $307M | $337M | $232M | $312M | $415M | $404M | $306M | $306M | $284M | $267M | $216M | $35M | $28M | $19M | $13M |
| Interest Income | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Income (Expense) | -$351M | -$229M | -$279M | -$188M | -$330M | -$387M | -$328M | -$231M | -$235M | -$217M | -$246M | -$109M | -$11M | -$9M | -$4M | -$9M |
| Income Before Tax (EBT) | -$175M | -$33M | -$16M | $1.28B | -$63M | -$54M | -$104M | $116M | $49M | -$16M | $77M | $116M | $117M | $23M | $24M | $11M |
| Income Tax Expense | $56M | $30M | -$2M | $222M | $12M | $8M | -$8M | $62M | $72M | -$1M | $12M | $4M | $8M | $10M | $9M | $4M |
| Net Income | $169M | $88M | $79M | $582M | $51M | $25M | -$11M | $48M | -$16M | $57M | $33M | $16M | $13M | $13M | $15M | $7M |
| Net Income Margin | 11.8% | 6.4% | 6.0% | 48.9% | 4.0% | 2.1% | -1.1% | 4.6% | -1.6% | 5.6% | 3.5% | 2.3% | 4.2% | 7.4% | 9.1% | 4.9% |
| Supplementary Data | ||||||||||||||||
| EPS | 1.42 | 0.75 | 0.67 | 4.99 | 0.44 | 0.22 | -0.10 | 0.46 | -0.16 | 0.58 | 0.40 | 0.29 | 0.28 | 0.18 | 0.23 | 0.11 |
| Diluted EPS | 1.42 | 0.75 | 0.67 | 4.99 | 0.44 | 0.22 | -0.10 | 0.46 | -0.16 | 0.58 | 0.40 | 0.29 | 0.28 | 0.18 | 0.23 | 0.11 |
| Weighted Average OS | 119.00M | 118.00M | 117.00M | 117.00M | 117.00M | 115.00M | 109.00M | 104.00M | 99.00M | 98.00M | 84.00M | 56.00M | 46.00M | 65.25M | 65.25M | 65.25M |
| EBITDA | $1.1B | $1.08B | $1.03B | $2.2B | $904M | $879M | $772M | $824M | $755M | $664M | $723M | $499M | $203M | $79M | $67M | $40M |
| EBITDA Margin | 76.8% | 79.0% | 78.5% | 184.7% | 70.3% | 73.3% | 74.8% | 78.3% | 74.8% | 65.0% | 75.9% | 72.4% | 64.9% | 45.1% | 40.9% | 28.0% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 |
| Assets | |||||||||||||||
| Current Assets | |||||||||||||||
| Cash and Cash Equivalents | $818M | $332M | $535M | $657M | $179M | $268M | $417M | $407M | $148M | $317M | $111M | $406M | $36M | $22M | $24M |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $818M | $332M | $535M | $657M | $179M | $268M | $417M | $407M | $148M | $317M | $111M | $406M | $36M | $22M | $24M |
| Accounts Receivable | $163M | $164M | $345M | $153M | $144M | $143M | $118M | $104M | $108M | $111M | $118M | $118M | $145M | $31M | $50M |
| Inventory | $75M | $64M | $55M | $47M | $37M | $42M | $40M | $40M | $39M | $39M | $36M | $27M | $14M | $5M | $5M |
| Other Current Assets | $96M | $507M | $625M | $365M | $1.11B | $197M | $33M | $205M | $168M | $176M | $131M | $35M | $17M | $21M | $9M |
| Total Current Assets | $1.15B | $1.07B | $1.56B | $1.28B | $1.53B | $708M | $608M | $756M | $482M | $645M | $416M | $606M | $267M | $81M | $90M |
| Long-Term Assets | |||||||||||||||
| Property, Plant & Equipment Net | $12.31B | $10.49B | $10.12B | $7.95B | $8.2B | $7.55B | $6.29B | $5.25B | $5.2B | $5.46B | $5.88B | $4.47B | $1.54B | $1.52B | $526M |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $2.29B | $2.19B | $2.37B | $2.56B | $2.5B | $1.37B | $1.43B | $1.16B | $1.23B | $1.29B | $1.36B | $1.43B | $86M | $30M | $31M |
| Long-Term Investments | $291M | $309M | $360M | $364M | $381M | $741M | $1.18B | $1.17B | $1.18B | $710M | $697M | $227M | $227M | $220M | $210M |
| Deferred Tax Assets | $172M | $0 | $0 | $0 | $95M | $104M | $319M | $57M | $128M | $216M | $170M | $118M | $146M | $14M | $9M |
| Other Long-Term Assets | $436M | $269M | $284M | $159M | $107M | $115M | $103M | $114M | $63M | $66M | $166M | $125M | $46M | $21M | $8M |
| Total Long-Term Assets | $15.5B | $13.26B | $13.14B | $11.04B | $11.28B | $9.88B | $9.32B | $7.74B | $7.8B | $7.74B | $8.27B | $6.36B | $2.05B | $1.81B | $784M |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$2M | $0 | $0 | $0 |
| Total Assets | $16.66B | $14.33B | $14.7B | $12.31B | $12.81B | $10.59B | $9.93B | $8.5B | $8.28B | $8.38B | $8.69B | $6.96B | $2.31B | $1.89B | $874M |
| Liabilities | |||||||||||||||
| Current Liabilities | |||||||||||||||
| Accounts Payable | $127M | $113M | $161M | $77M | $181M | $89M | $74M | $64M | $95M | $63M | $109M | $19M | $40M | $192M | $32M |
| Short-Term Debt | $708M | $430M | $558M | $322M | $772M | $384M | $1.83B | $535M | $306M | $282M | $264M | $214M | $133M | $58M | $33M |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $101M | $88M | $85M | $77M | $61M | $20M | $42M | $60M |
| Other Current Liabilities | $183M | $56M | $51M | $50M | $540M | $38M | $152M | $4M | $51M | $74M | $39M | $42M | $54M | $19M | $9M |
| Total Current Liabilities | $1.02B | $718M | $906M | $617M | $1.63B | $634M | $2.06B | $704M | $486M | $459M | $489M | $389M | $257M | $285M | $134M |
| Long-Term Liabilities | |||||||||||||||
| Long-Term Debt | $8.69B | $6.75B | $7.48B | $6.49B | $6.94B | $6.58B | $4.16B | $5.45B | $5.53B | $5.43B | $5.33B | $4.77B | $1B | $749M | $312M |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$192M | -$70M | -$19M | -$27M | $0 | $0 | $61M | $13M |
| Long-Term Deferred Tax Liabilities | $45M | $89M | $127M | $119M | $13M | $0 | $227M | $192M | $70M | $19M | $27M | $0 | $0 | $4M | $21M |
| Other Long-Term Liabilities | $188M | $640M | $568M | $505M | $369M | $313M | $197M | -$720M | $128M | $128M | $133M | -$83M | $45M | -$681M | $7M |
| Total Long-Term Liabilities | $9.72B | $8.05B | $8.8B | $7.66B | $7.88B | $7.24B | $5.61B | $5.57B | $5.66B | $5.55B | $5.46B | $4.69B | $1.04B | $72M | -$34M |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $10.74B | $8.77B | $9.71B | $8.28B | $9.51B | $7.88B | $7.66B | $6.28B | $6.14B | $6.01B | $5.95B | $5.08B | $1.3B | $357M | $100M |
| Stockholders' Equity | |||||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $1M | $0 | $0 | $0 | $1M | $1M | $1M | $1M | $1M | $1M | $1M | $0 | $0 | $840M | $0 |
| Retained Earnings | $213M | $254M | $361M | $463M | -$33M | -$84M | -$72M | -$58M | -$69M | -$2M | $12M | $3M | $8M | $30M | $40M |
| Comprehensive Income & Other | -$5M | $3M | $7M | $9M | -$6M | -$14M | -$15M | -$18M | -$28M | -$28M | -$27M | -$9M | -$164M | -$24M | -$15M |
| Other Stockholders' Equity | $1.71B | $1.81B | $1.74B | $1.77B | $1.87B | $1.91B | $1.92B | $1.88B | $1.81B | $1.85B | $1.83B | $1.23B | $621M | -$103M | $347M |
| Total Equity | $1.92B | $2.06B | $2.1B | $2.23B | $1.83B | $1.82B | $1.85B | $1.82B | $1.75B | $1.85B | $1.84B | $1.23B | $629M | $767M | $387M |
| Minority Interest | $3.99B | $3.5B | $2.89B | $1.8B | $1.47B | $890M | $413M | $402M | $391M | $520M | $897M | $651M | $382M | $0 | $0 |
| Total Liabilities and Equity | $12.66B | $10.83B | $11.81B | $10.51B | $11.35B | $9.7B | $9.51B | $8.1B | $7.89B | $7.86B | $7.79B | $6.31B | $1.93B | $1.12B | $487M |
| Supplementary Data | |||||||||||||||
| Total Debt | $10.2B | $7.75B | $8.66B | $7.36B | $8.27B | $7.31B | $7.01B | $5.98B | $5.84B | $5.71B | $5.59B | $4.79B | $1.13B | $807M | $345M |
| Net Debt | $9.38B | $7.42B | $8.13B | $6.7B | $8.09B | $7.05B | $6.6B | $5.58B | $5.69B | $5.39B | $5.48B | $4.38B | $1.1B | $785M | $321M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 |
| Operating Activities | ||||||||||||||||
| Net Income | $169M | -$63M | -$14M | $582M | $51M | -$62M | -$96M | $54M | -$23M | -$15M | $65M | $112M | $109M | $13M | $15M | $7M |
| Depreciation & Amortization | $885M | $809M | $711M | $684M | $655M | $518M | $472M | $401M | $404M | $379M | $353M | $193M | $52M | $25M | $23M | $16M |
| Deferred Income Tax | $53M | $25M | $13M | $194M | $12M | $8M | -$8M | $62M | $72M | -$1M | $12M | $4M | $8M | $10M | $9M | $4M |
| Stock-Based Compensation | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $3M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | ||||||||||||||||
| Accounts Receivable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Working Capital | -$30M | -$47M | -$70M | $18M | -$9M | $6M | -$17M | -$30M | -$10M | -$1M | -$15M | -$15M | -$3M | $6M | -$11M | $11M |
| Total Working Capital Change | -$30M | -$47M | -$70M | $18M | -$9M | $6M | -$17M | -$30M | -$10M | -$1M | -$15M | -$15M | -$3M | $6M | -$11M | $11M |
| Other Non-Cash Items | -$389M | $46M | $62M | -$691M | -$8M | $75M | $126M | $24M | $25M | $198M | $18M | $10M | $2M | $14M | $6M | -$1M |
| Net Cash from Operating | $688M | $770M | $702M | $787M | $701M | $545M | $477M | $498M | $516M | $560M | $405M | $293M | $141M | $58M | $33M | $36M |
| Investing Activities | ||||||||||||||||
| Capital Expenditures | -$319M | -$287M | -$294M | -$112M | -$151M | -$124M | -$228M | -$83M | -$31M | -$20M | -$29M | -$33M | -$238M | -$380M | -$132M | -$25M |
| Acquisitions | $634M | -$678M | -$14M | $1.29B | $434M | -$37M | -$266M | -$126M | -$276M | -$129M | -$1.09B | -$1.23B | -$154M | -$27M | -$88M | -$139M |
| Purchases of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$34M | -$73M | -$83M | -$402M | -$357M | -$34M | $0 | $0 | $0 |
| Sales of Investments | $15M | $0 | $0 | $13M | $47M | $0 | $0 | $45M | $47M | $28M | $42M | $357M | $34M | $0 | $0 | $0 |
| Other Investing Activities | -$9M | $240M | -$215M | -$70M | -$242M | $99M | $26M | $24M | $24M | -$12M | $16M | $206M | $4M | $2M | $1M | $4M |
| Net Cash from Investing | $321M | -$725M | -$523M | $1.13B | $88M | -$62M | -$468M | -$185M | -$283M | -$161M | -$1.11B | -$1.06B | -$388M | -$405M | -$219M | -$160M |
| Financing Activities | ||||||||||||||||
| Debt Repaid | $590M | $1.5B | $786M | $1.2B | $339M | $443M | $117M | -$52M | $67M | -$150M | -$109M | -$669M | -$344M | -$62M | $17M | -$104M |
| Common Stock Issuance | $48M | $0 | $0 | $0 | $0 | $62M | $100M | $153M | $34M | $0 | $599M | $630M | $468M | $0 | $0 | $0 |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | -$358M | -$334M | -$311M | -$353M | -$268M | -$211M | -$155M | -$238M | -$202M | -$173M | -$139M | -$124M | -$15M | -$72M | -$18M | -$46M |
| Other Financing Activities | -$24M | $1.47B | $973M | -$14M | $7M | $157M | $149M | $77M | -$22M | -$179M | $63M | -$87M | -$5M | $497M | $215M | $78M |
| Net Cash from Financing | -$924M | -$363M | -$124M | -$1.57B | -$600M | -$435M | -$175M | -$46M | -$257M | -$193M | $385M | $1.11B | $261M | $345M | $180M | $136M |
| Forex Effect | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$15M | $0 | $0 | $0 | $0 |
| Net Change in Cash | $85M | -$318M | $55M | $342M | $189M | $48M | -$166M | $267M | -$182M | $206M | -$318M | $347M | $14M | -$2M | -$6M | $12M |
| Supplementary Data | ||||||||||||||||
| Operating Cash Flow | $688M | $770M | $702M | $787M | $701M | $545M | $477M | $498M | $516M | $560M | $405M | $293M | $141M | $58M | $33M | $36M |
| Capital Expenditure | -$319M | -$287M | -$294M | -$112M | -$151M | -$124M | -$228M | -$83M | -$31M | -$20M | -$29M | -$33M | -$238M | -$380M | -$132M | -$25M |
| Free Cash Flow | $369M | $483M | $408M | $675M | $550M | $421M | $249M | $415M | $485M | $540M | $376M | $260M | -$97M | -$322M | -$99M | $11M |
| Cash at Beginning | $733M | $1.05B | $996M | $654M | $465M | $417M | $583M | $316M | $498M | $111M | $429M | $59M | $22M | $24M | $30M | $18M |
| Cash at End | $818M | $733M | $1.05B | $996M | $654M | $465M | $417M | $583M | $316M | $317M | $111M | $406M | $36M | $22M | $24M | $30M |