CWEN - Clearway Energy: Rare Profitable Clean Energy Company But Priced At A Premium

2024-05-29 08:00:00 ET

Summary

• Clearway Energy is a profitable energy company that focuses on renewable energy generation and distribution as it partners with large utility companies.
• The company has a diverse portfolio of energy assets, including wind and solar generators, battery energy storage, and natural gas facilities.
• CWEN stock has a 6.1% dividend yield which is supported by its cash flow even though net income is lower, but it's due to the company's high usage of depreciation.

Clearway Energy Overview

Clearway Energy ( CWEN ) is an energy company that focuses on generation and distribution of renewable energy. The company has so far installed about 6,200 MW worth of wind and solar energy generators, as well as battery energy storage. The company owns a total of 8,700 MW of energy assets which include natural gas generation facilities with a total capacity of around 2,500 MW which could also be considered as part of clean energy. One of the things that makes this company unique and different is that it is already profitable and paying a dividend. This is very important to note because many clean energy focused companies have yet to make a profit, which makes them a questionable investment choice for more conservative (that is financially conservative) investors....

For further details see: