NYSE: CWEN · Renewable Utilities
Clearway Energy (CWEN) fair value and price range
As of 31 Oct 2026, Faircurve's model values Clearway Energy (CWEN) at $29.19 a share. The stock last closed at $34.43, which puts the model's fair value 15.2% below the price. The model grades the evidence behind this valuation as low, so no verdict is shown. The grade looks at how complete the inputs are, how many comparable companies there are and how closely they agree, and how wide the range of outcomes is. It does not say how likely the fair value is to be right.
Revalued . Price is the close of 3 Nov 2026. Clearway Energy, Inc.
The report adds the live price, the price chart and the analysts' consensus. No account needed.
This week, in three parts
What happenedThe run of 31 Oct 2026 moved the fair value from $26.58 to $29.19 (+9.8%). The model shifted weight between the company's own multiple and its peers': most of the move.
What the model makes of itThe price of $34.43 is 15.2% above it. The model grades the evidence behind this valuation as low, so no verdict is shown. The grade looks at how complete the inputs are, how many comparable companies there are and how closely they agree, and how wide the range of outcomes is. It does not say how likely the fair value is to be right.
What's nextNo report date on file. The next weekly run is on Saturday 7 Nov 2026.
What price range does the model give CWEN?
The calibrated range for CWEN over 63 trading days is $23.65 to $34.87. There is no live options data for this stock, so the range is built from the fair value and calibrated weekly against realised prices (n = 10,454 past valuations, refreshed 31 Oct 2026). Ranges built this way held the price 60% of the time at this horizon.
The model's own simulated range, from the 20th to the 80th percentile of its runs, is $3.40 to $65.58. In 47% of the simulations the fair value came out above the price the model ran on.
Faircurve Insights · 31 Oct 2026
Clearway Energy, Inc. (CWEN) operates mainly in renewable power generation across the United States.
The model's fair value for the company is $29.19 a share, as at 31 Oct 2026. It is the midpoint of 2,000 simulations, up from $26.58 on the previous run, on 24 Oct 2026, a move of +9.8%. In the model's own words, the model shifted weight between the company's own multiple and its peers', which accounts for most of the move. The calibrated range over 63 trading days is $23.65 to $34.87. It is built from the fair value, since there is no live options data for the stock, and calibrated weekly against realised prices (10,454 past valuations). Ranges built this way held the realised price 60% of the time at this horizon. The model grades the evidence behind this valuation as low, so no verdict is shown.
The business has an overall quality score of 47 out of 100, a composite of six factors scored from 0 to 100 against comparable companies. Earnings quality stands out at 100, with free cash flow to net income of 7.37x. Stability scores 13, with five-year EBITDA margin downside volatility of 19.7 pts against a peer median of 3.5 pts. The model compares the company with Ormat Technologies, Inc. (ORA), Southwest Gas Holdings, Inc. (SWX), Black Hills Corporation (BKH), New Jersey Resources Corporation (NJR), Portland General Electric Company (POR), UGI Corporation (UGI), Spire Inc. (SR) and IDACORP, Inc. (IDA).
Written from the figures on this page for the 31 Oct 2026 valuation and checked by rule before publishing: every number is one printed here, no forecast, no instruction. The price, the gap and the verdict are the page's own and change daily. Not a recommendation.
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When does CWEN report earnings, and how has the stock reacted?
Around its last 8 reports: what the options market priced, and what followed
Each move runs from the last close before the report to the first close after it, so it covers companies that report before the open and after the close. The median size across CWEN's last 8 reports, ignoring direction, was 4.4%.
How does CWEN score on business quality?
Clearway Energy's overall quality score is 47 out of 100. Each factor below is a score against comparable companies, not a percentile of the metric beside it.
| Factor | Score (0 to 100) | Headline measure | Peer median |
|---|---|---|---|
| ProfitabilityReturn on invested capital against the peer group, with a bonus for an improving trend. | 21 | 1.5%ROIC | 4.6% |
| Earnings qualityHow much of reported profit is cash: free cash flow to net income, and the accrual ratio (the share of earnings that is not cash). | 100 | 7.37xFCF / net income | |
| Growth qualityTrailing revenue growth, forward growth from consensus, and the direction of analysts' rating changes. | 64 | 4.2%Revenue growth, trailing | 5.1% |
| Capital disciplineReinvestment efficiency (capital spending per unit of revenue) and net buybacks. | 51 | 0.0%Net buybacks / market value | 0.0% |
| Balance sheetNet debt to EBITDA and interest coverage. | 16 | 8.25xNet debt / EBITDA | 5.68x |
| StabilityDownside volatility of the EBITDA margin over the last five years. | 13 | 19.7 ptsEBITDA margin downside volatility, 5y | 3.5 pts |
How does CWEN compare with similar companies?
The companies in renewable utilities closest to Clearway Energy in market value, each on the same model and the same date.
| Company | Last close | Model fair value | Gap | Model verdict |
|---|---|---|---|---|
| ORA Ormat Technologies, Inc. | $94.19 | $61.26 | -35.0% | Overvalued |
| SWX Southwest Gas Holdings, Inc. | $93.13 | $83.74 | -10.1% | Fairly valued |
| BKH Black Hills Corporation | $82.20 | $83.40 | +1.5% | Fairly valued |
| NJR New Jersey Resources Corporation | $53.64 | $54.86 | +2.3% | Fairly valued |
| POR Portland General Electric Company | $45.06 | $61.04 | +35.5% | Undervalued |
| UGI UGI Corporation | $38.16 | $45.73 | +19.8% | Undervalued |
| SR Spire Inc. | $88.01 | $69.07 | -21.5% | Overvalued |
| IDA IDACORP, Inc. | $145.12 | $131.61 | -9.3% | Fairly valued |
What the comparable companies' multiples alone would give for CWEN, the peer-implied price, is $10.03 a share on this run. The fair value weighs that against the company's own multiple.
Clearway Energy at a glance
Clearway Energy, Inc. (CWEN) operates as an energy company primarily focused on renewable power generation across the United States.
- Market value
- $6.6B
- Sector
- Utilities
- Industry
- Renewable Utilities
- Revenue expected, next twelve months
- $1.8B
- Consensus revenue growth, next fiscal year
- +15.1%
- Analysts with estimates
- 4
- Beta to the US market
- 0.65
- First valued by Faircurve
- 11 Jul 2026
How the fair value is worked out: the model prices Clearway Energy on the value of the whole business, debt included, against the operating profit analysts expect next year (forward EV/EBITDA), runs 2,000 simulations across its inputs and takes the midpoint. The full method is documented here.
What changed in the latest valuation?
On 24 Oct 2026 the model's fair value for CWEN was $26.58. As of 31 Oct 2026 it is $29.19, a change of +9.8%. The model shifted weight between the company's own multiple and its peers': most of the move. The model revalues every stock it covers each week, and again after an earnings report.
Questions about Clearway Energy's valuation
Is Clearway Energy stock undervalued or overvalued?
Faircurve's model puts CWEN's fair value at $29.19 a share against a last close of $34.43, as of 31 Oct 2026. The model grades the evidence behind this valuation as low, so no verdict is shown. The grade looks at how complete the inputs are, how many comparable companies there are and how closely they agree, and how wide the range of outcomes is. It does not say how likely the fair value is to be right.
What is CWEN's fair value?
$29.19 a share as of 31 Oct 2026, the midpoint of 2,000 simulations. The model's own 20th to 80th percentile range is $3.40 to $65.58.
What price range does the model give CWEN?
$23.65 to $34.87 over 63 trading days. Ranges built this way held the price 60% of the time across 10,454 past valuations, refreshed 31 Oct 2026.
How much has CWEN moved on past earnings reports?
Across its last 8 reports the median two session move was 4.4%, ignoring direction. The largest was +10.4% around the report of 30 Oct 2024.
How confident is the model in this valuation?
The model's evidence grade for CWEN is low. The grade looks at how complete the inputs are, how many comparable companies there are and how closely they agree, and how wide the range of outcomes is. It is not a probability that the fair value is right, or that the price reaches it.
The model's own ideas on CWEN
The model holds no idea open on CWEN today. Signed-in readers see the rule each idea runs on, the floor and the exit level the model set and its time limit, and the model's closed ideas on CWEN with their outcomes. A free account is enough.