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: $44.40 DETAILS
HIGH: $56.00
LOW: $38.00
MEDIAN: $42.00
CONSENSUS: $44.40
UPSIDE: 13.93%
AlphaVal

AlphaVal

Deterministic, archetype-aware fair value

Stable Earnings Power 85% confidence

Primary model: P/Adj-EPS × Normalized Multiple

Valuation Signal Fair Value Moderate
Trading 20.6% below fair value
Current Price $38.97
Bear Case $40.16 3.1% upside ($40.16 - $38.97) / $38.97 = 3.1% $2.30 × 18x P/E
Fair Value $49.08 25.9% upside ($49.08 - $38.97) / $38.97 = 25.9% $2.30 × 22x P/E
Bull Case $58.01 48.8% upside ($58.01 - $38.97) / $38.97 = 48.8% $2.30 × 26x P/E

Adjust Assumptions

22.0x
2.3$

Key Value Driver

Normalized P/E multiple (22x base case)

Implied Market Multiple 16.9x

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 $44.40 from 16 analysts, using a 25% weight on analyst consensus. That produces an estimated intrinsic value of $49.08 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