Clearway Energy, Inc. - Understand $cwen stock

$CWEN Market Cap: $5.488 Billion

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Financial Snapshot

Revenue

$1.364B

TTM

Gross Margin

61.74%

TTM

Net Earnings

$122.0M

TTM

Current Assets

$1.051B

Q3 2024

Current Liabilities

$661.0M

Q3 2024

Current Ratio

159.0%

Q3 2024

Total Assets

$14.25B

Q3 2024

Total Liabilities

$8.616B

Q3 2024

Book Value

$5.633B

Q3 2024

Cash

$292.0M

Q3 2024

P/E

44.98

Nov 29, 2024 EST

Free Cash Flow

$185.0M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Revenue	$1.314B	$1.190B	$1.286B	$1.199B	$1.032B	$1.053B	$1.009B	$1.035B	$968.0M	$828.0M	$434.0M	$175.0M	$164.0M	$143.0M
YoY Change	10.42%	-7.47%	7.26%	16.18%	-1.99%	4.36%	-2.51%	6.92%	16.91%	90.78%	148.0%	6.71%	14.69%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Revenue	$1.314B	$1.190B	$1.286B	$1.199B	$1.032B	$1.053B	$1.009B	$1.035B	$968.0M	$828.0M	$434.0M	$175.0M	$164.0M	$143.0M
Cost Of Revenue	$473.0M	$435.0M	$451.0M	$366.0M	$337.0M	$327.0M	$326.0M	$308.0M	$323.0M	$277.0M	$154.0M	$114.0M	$108.0M	$97.00M
Gross Profit	$841.0M	$755.0M	$835.0M	$833.0M	$695.0M	$726.0M	$683.0M	$727.0M	$645.0M	$551.0M	$280.0M	$61.00M	$56.00M	$46.00M
Gross Profit Margin	64.0%	63.45%	64.93%	69.47%	67.34%	68.95%	67.69%	70.24%	66.63%	66.55%	64.52%	34.86%	34.15%	32.17%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Selling, General & Admin	$36.00M	$40.00M	$40.00M	$34.00M	$29.00M	$20.00M	$19.00M	$16.00M	$12.00M	$8.000M	$7.000M	$7.000M	$6.000M	$10.00M
YoY Change	-10.0%	0.0%	17.65%	17.24%	45.0%	5.26%	18.75%	33.33%	50.0%	14.29%	0.0%	16.67%	-40.0%
% of Gross Profit	4.28%	5.3%	4.79%	4.08%	4.17%	2.75%	2.78%	2.2%	1.86%	1.45%	2.5%	11.48%	10.71%	21.74%
Research & Development	$0.00	$2.000M	$6.000M	$5.000M	$5.000M	$3.000M
YoY Change	-100.0%	-66.67%	20.0%	0.0%	66.67%
% of Gross Profit	0.0%	0.26%	0.72%	0.6%	0.72%	0.41%
Depreciation & Amortization	$526.0M	$512.0M	$509.0M	$428.0M	$401.0M	$336.0M	$334.0M	$303.0M	$303.0M	$233.0M	$92.00M	$25.00M	$22.00M	$16.00M
YoY Change	2.73%	0.59%	18.93%	6.73%	19.35%	0.6%	10.23%	0.0%	30.04%	153.26%	268.0%	13.64%	37.5%
% of Gross Profit	62.54%	67.81%	60.96%	51.38%	57.7%	46.28%	48.9%	41.68%	46.98%	42.29%	32.86%	40.98%	39.29%	34.78%
Operating Expenses	$562.0M	$554.0M	$555.0M	$467.0M	$430.0M	$354.0M	$326.0M	$308.0M	$323.0M	$277.0M	$154.0M	$114.0M	$108.0M	$26.00M
YoY Change	1.44%	-0.18%	18.84%	8.6%	21.47%	8.59%	5.84%	-4.64%	16.61%	79.87%	35.09%	5.56%	315.38%
Operating Profit	$263.0M	$1.470B	$267.0M	$333.0M	$224.0M	$347.0M	$283.0M	$222.0M	$326.0M	$306.0M	$181.0M	$29.00M	$28.00M	$20.00M
YoY Change	-82.11%	450.56%	-19.82%	48.66%	-35.45%	22.61%	27.48%	-31.9%	6.54%	69.06%	524.14%	3.57%	40.0%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Interest Expense	$337.0M	$232.0M	$312.0M	$415.0M	$404.0M	$306.0M	$307.0M	$284.0M	$267.0M	$216.0M	$72.00M	$28.00M	$19.00M	-$12.00M
YoY Change	45.26%	-25.64%	-24.82%	2.72%	32.03%	-0.33%	8.1%	6.37%	23.61%	200.0%	157.14%	47.37%	-258.33%
% of Operating Profit	128.14%	15.78%	116.85%	124.62%	180.36%	88.18%	108.48%	127.93%	81.9%	70.59%	39.78%	96.55%	67.86%	-60.0%
Other Income/Expense, Net	-$279.0M	-$188.0M	-$330.0M	-$387.0M	-$328.0M	-$231.0M	-$235.0M	-$221.0M	-$242.0M	-$189.0M	-$48.00M	-$7.000M	-$4.000M	$3.000M
YoY Change	48.4%	-43.03%	-14.73%	17.99%	41.99%	-1.7%	6.33%	-8.68%	28.04%	293.75%	585.71%	75.0%	-233.33%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Pretax Income	-$16.00M	$1.282B	-$63.00M	-$54.00M	-$104.0M	$116.0M	$48.00M	$1.000M	$84.00M	$117.0M	$133.0M	$22.00M	$24.00M	$11.00M
YoY Change	-101.25%	-2134.92%	16.67%	-48.08%	-189.66%	141.67%	4700.0%	-98.81%	-28.21%	-12.03%	504.55%	-8.33%	118.18%
Income Tax	-$2.000M	$222.0M	$12.00M	$8.000M	-$8.000M	$62.00M	$72.00M	-$1.000M	$12.00M	$4.000M	$8.000M	$10.00M	$9.000M	$4.000M
% Of Pretax Income		17.32%				53.45%	150.0%	-100.0%	14.29%	3.42%	6.02%	45.45%	37.5%	36.36%
Net Earnings	$79.00M	$582.0M	$51.00M	$25.00M	-$11.00M	$48.00M	-$16.00M	$2.000M	$72.00M	$113.0M	$125.0M	$12.00M	$15.00M	$7.000M
YoY Change	-86.43%	1041.18%	104.0%	-327.27%	-122.92%	-400.0%	-900.0%	-97.22%	-36.28%	-9.6%	941.67%	-20.0%	114.29%
Net Earnings / Revenue	6.01%	48.91%	3.97%	2.09%	-1.07%	4.56%	-1.59%	0.19%	7.44%	13.65%	28.8%	6.86%	9.15%	4.9%
Basic Earnings Per Share	$0.67	$4.99	$0.44	$0.22
Diluted Earnings Per Share	$0.67	$4.99	$435.9K	$215.5K	-$100.9K	$500.0K	-$80.81K	$540.8K	$392.9K	$1.071M	$3.522M	$363.6K	$454.5K	$212.1K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Cash & Short-Term Investments	$535.0M	$657.0M	$179.0M	$268.0M	$155.0M	$407.0M	$148.0M	$322.0M	$111.0M	$429.0M	$59.00M	$22.00M	$24.00M	$32.00M
YoY Change	-18.57%	267.04%	-33.21%	72.9%	-61.92%	175.0%	-54.04%	190.09%	-74.13%	627.12%	168.18%	-8.33%	-25.0%
Cash & Equivalents	$535.0M	$657.0M	$179.0M	$268.0M	$155.0M	$407.0M	$148.0M	$322.0M	$111.0M	$429.0M	$59.00M	$22.00M	$24.00M	$32.00M
Short-Term Investments
Other Short-Term Assets	$625.0M	$419.0M	$1.171B	$255.0M	$295.0M	$205.0M	$187.0M	$198.0M	$151.0M	$71.00M	$95.00M	$23.00M	$11.00M	$5.000M
YoY Change	49.16%	-64.22%	359.22%	-13.56%	43.9%	9.63%	-5.56%	31.13%	112.68%	-25.26%	313.04%	109.09%	120.0%
Inventory	$55.00M	$47.00M	$37.00M	$42.00M	$40.00M	$40.00M	$39.00M	$39.00M	$36.00M	$32.00M	$15.00M	$5.000M	$5.000M	$4.000M
Prepaid Expenses
Receivables	$171.0M	$153.0M	$144.0M	$143.0M	$116.0M	$104.0M	$95.00M	$95.00M	$101.0M	$118.0M	$56.00M	$22.00M	$25.00M	$41.00M
Other Receivables	$174.0M	$0.00	$0.00	$0.00	$2.000M	$0.00	$13.00M	$16.00M	$17.00M	$6.000M	$153.0M	$9.000M	$25.00M	$0.00
Total Short-Term Assets	$1.560B	$1.276B	$1.531B	$708.0M	$608.0M	$756.0M	$482.0M	$670.0M	$416.0M	$656.0M	$378.0M	$81.00M	$90.00M	$82.00M
YoY Change	22.26%	-16.66%	116.24%	16.45%	-19.58%	56.85%	-28.06%	61.06%	-36.59%	73.54%	366.67%	-10.0%	9.76%
Property, Plant & Equipment	$10.12B	$7.948B	$8.200B	$7.554B	$6.286B	$5.245B	$5.410B	$5.554B	$5.878B	$5.175B	$2.291B	$1.598B	$863.0M	$526.0M
YoY Change	27.37%	-3.07%	8.55%	20.17%	19.85%	-3.05%	-2.59%	-5.51%	13.58%	125.88%	43.37%	85.17%	64.07%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$360.0M	$364.0M	$381.0M	$741.0M	$1.183B	$1.172B	$1.178B	$1.152B	$697.0M	$410.0M	$227.0M	$220.0M	$210.0M	$2.000M
YoY Change	-1.1%	-4.46%	-48.58%	-37.36%	0.94%	-0.51%	2.26%	65.28%	70.0%	80.62%	3.18%	4.76%	10400.0%
Other Assets	$284.0M	$159.0M	$202.0M	$219.0M	$195.0M	$171.0M	$191.0M	$283.0M	$306.0M	$180.0M	$216.0M	$21.00M	$29.00M	$7.000M
YoY Change	78.62%	-21.29%	-7.76%	12.31%	14.04%	-10.47%	-32.51%	-7.52%	70.0%	-16.67%	928.57%	-27.59%	314.29%
Total Long-Term Assets	$13.14B	$11.04B	$11.28B	$9.884B	$9.092B	$7.744B	$8.007B	$8.292B	$8.273B	$7.204B	$2.860B	$1.883B	$1.149B	$577.0M
YoY Change	19.07%	-2.18%	14.14%	8.71%	17.41%	-3.28%	-3.44%	0.23%	14.84%	151.89%	51.89%	63.88%	99.13%
Total Assets	$14.70B	$12.31B	$12.81B	$10.59B	$9.700B	$8.500B	$8.489B	$8.962B	$8.689B	$7.860B	$3.238B	$1.964B	$1.239B	$659.0M
YoY Change
Accounts Payable	$161.0M	$77.00M	$181.0M	$89.00M	$105.0M	$64.00M	$95.00M	$63.00M	$109.0M	$68.00M	$94.00M	$192.0M	$99.00M	$129.0M
YoY Change	109.09%	-57.46%	103.37%	-15.24%	64.06%	-32.63%	50.79%	-42.2%	60.29%	-27.66%	-51.04%	93.94%	-23.26%
Accrued Expenses	$136.0M	$168.0M	$138.0M	$123.0M	$112.0M	$101.0M	$88.00M	$86.00M	$77.00M	$65.00M	$30.00M	$16.00M	$12.00M	$11.00M
YoY Change	-19.05%	21.74%	12.2%	9.82%	10.89%	14.77%	2.33%	11.69%	18.46%	116.67%	87.5%	33.33%	9.09%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due	$558.0M	$322.0M	$772.0M	$384.0M	$1.824B	$535.0M	$339.0M	$323.0M	$264.0M	$224.0M	$214.0M	$58.00M	$33.00M	$17.00M
YoY Change	73.29%	-58.29%	101.04%	-78.95%	240.93%	57.82%	4.95%	22.35%	17.86%	4.67%	268.97%	75.76%	94.12%
Total Short-Term Liabilities	$906.0M	$617.0M	$1.631B	$634.0M	$2.057B	$704.0M	$540.0M	$505.0M	$489.0M	$409.0M	$369.0M	$285.0M	$156.0M	$160.0M
YoY Change	46.84%	-62.17%	157.26%	-69.18%	192.19%	30.37%	6.93%	3.27%	19.56%	10.84%	29.47%	82.69%	-2.5%
Long-Term Debt	$7.479B	$6.491B	$6.939B	$6.585B	$4.956B	$5.447B	$5.659B	$5.726B	$5.329B	$4.697B	$1.569B	$749.0M	$472.0M	$340.0M
YoY Change	15.22%	-6.46%	5.38%	32.87%	-9.01%	-3.75%	-1.17%	7.45%	13.46%	199.36%	109.48%	58.69%	38.82%
Other Long-Term Liabilities	$1.195B	$1.052B	$930.0M	$658.0M	$424.0M	$125.0M	$131.0M	$132.0M	$133.0M	$129.0M	$48.00M	$86.00M	$29.00M	$8.000M
YoY Change	13.59%	13.12%	41.34%	55.19%	239.2%	-4.58%	-0.76%	-0.75%	3.1%	168.75%	-44.19%	196.55%	262.5%
Total Long-Term Liabilities	$8.674B	$7.543B	$7.869B	$7.243B	$5.380B	$5.572B	$5.790B	$5.858B	$5.462B	$4.826B	$1.617B	$835.0M	$501.0M	$348.0M
YoY Change	14.99%	-4.14%	8.64%	34.63%	-3.45%	-3.77%	-1.16%	7.25%	13.18%	198.45%	93.65%	66.67%	43.97%
Total Liabilities	$12.60B	$10.08B	$10.98B	$8.767B	$7.850B	$6.678B	$6.742B	$7.112B	$6.848B	$6.626B	$2.609B	$1.124B	$672.0M	$530.0M
YoY Change	25.03%	-8.21%	25.23%	11.68%	17.55%	-0.95%	-5.2%	3.86%	3.35%	153.97%	132.12%	67.26%	26.79%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020
Basic Shares Outstanding
Diluted Shares Outstanding	35.00M shares	35.00M shares	35.00M shares	35.00M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $5.4877 Billion

About Clearway Energy, Inc.

Clearway Energy Inc is a US-based company operating in Independent Power and Renewable Electricity Producers industry. The company is headquartered in Princeton, New Jersey and currently employs 61 full-time employees. The company went IPO on 2013-07-17. Clearway Energy, Inc. is a renewable energy company. The firm invests in energy infrastructures and focuses on investments in clean energy and owns modern, sustainable and long-term contracted assets across North America. Its businesses are segregated based on conventional power generation and renewable businesses, which consist of solar, wind and energy storage. The company owns approximately 6,200 net megawatts (MW) of installed wind, solar and energy storage projects. The firm's approximately 8,700 net MW of assets also includes approximately 2,500 net MW of natural gas-fired generation facilities. Its conventional projects include Carlsbad, El Segundo, GenConn Devon, GenConn Middletown, Marsh Landing and Walnut Creek. The Company’s utility scale solar projects include Agua Caliente, Alpine, Avenal, Avra Valley, Blythe, Borrego, Buckthorn Solar, CVSR, Daggett 2, Daggett 3, Desert Sunlight 250, Kansas South, and others. Its wind projects include Black Rock, Buffalo Bear and Cedar Creek.

Industry: Electric Services Peers: Altus Power, Inc. Brookfield Renewable Corp Montauk Renewables, Inc. NEXTERA ENERGY PARTNERS, LP ORMAT TECHNOLOGIES, INC. Sunnova Energy International Inc.