Clearway Energy, Inc. logo CWEN - Clearway Energy, Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 12
HOLD 3
SELL 1
STRONG
SELL
0
| PRICE TARGET: $46.20 DETAILS
HIGH: $60.00
LOW: $41.00
MEDIAN: $43.00
CONSENSUS: $46.20
UPSIDE: 34.62%
AlphaVal

AlphaVal

Deterministic, archetype-aware fair value

Stable Earnings Power 85% confidence

Primary model: P/Adj-EPS × Normalized Multiple

Valuation Signal Undervalued Moderate
Trading 30.7% below fair value
Current Price $34.32
Bear Case $40.53 18.1% upside ($40.53 - $34.32) / $34.32 = 18.1% $2.30 × 18x P/E
Fair Value $49.53 44.3% upside ($49.53 - $34.32) / $34.32 = 44.3% $2.30 × 22x P/E
Bull Case $58.54 70.6% upside ($58.54 - $34.32) / $34.32 = 70.6% $2.30 × 26x P/E

Adjust Assumptions

22.0x
2.3$

Key Value Driver

Normalized P/E multiple (22x base case)

Implied Market Multiple 14.9x

Plain-Language Summary

Our base-case estimate uses a valuation based on adjusted earnings per share and a normalized price-to-earnings multiple. We then blend that result with the average analyst price target of $46.20 from 16 analysts, using a 25% weight on analyst consensus. That produces an estimated intrinsic value of $49.53 per share.

Warnings

The company's reported profits differ from official accounting profits by 62%. Check what costs are being left out of the adjusted number.
The company pays out 129% of its profits as dividends. That leaves little cushion — the dividend could be cut if business slows down.
Dividend-based valuation: $88.83 (above our primary estimate by 75%). Large gaps may signal the dividend doesn't reflect full earning power.

Key Risks

  • Growth DCF inappropriate — terminal value assumptions dominate
  • EV/EBITDA misleading for regulated businesses where capex is mandated
  • Regulatory risk is a fat tail not visible in normal multiples