CWEN on NYSE

Clearway Energy, Inc.

American electric services company, incorporated in Delaware.

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Last updated Oct 18, 2026.

Overview

$1.4BRevenue, fiscal 20252
$169.0MNet income, fiscal 20252

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  • TickerCWEN on NYSE
  • IndustryElectric Services
  • HeadquartersDE
  • Incorporated inDE3
  • Business address902 Carnegie Center, Suite 520, Princeton, Nj3
  • Filer categoryLarge accelerated filer3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

11.2%Operating margin2
11.8%Net margin2
4.2%Revenue growth, 20252
2.9%Return on equity2
1.36×Debt to equity2
$369.0MFree cash flow2

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Energy Revenue brought in 73% of the revenue Clearway Energy, Inc. broke down this way in fiscal 2025.

  1. Energy Revenue$1.2B273%up 2% from 2024
  2. Capacity Revenue$369.0M222%up 13% from 2024
  3. Products And Services, Other$76.0M25%down 16% from 2024
Products and services by year
Products and services202320242025
Energy Revenue$1.0B$1.2B$1.2B
Capacity Revenue$359.0M$327.0M$369.0M
Products And Services, Other$99.0M$90.0M$76.0M

Business segments

Renewables And Storage brought in 72% of the revenue Clearway Energy, Inc. broke down this way in fiscal 2025.

  1. Renewables And Storage$492.0M272%up 30% from 2024
  2. Flexible Generation$188.0M228%down 21% from 2024
Business segments by year
Business segments202320242025
Renewables And Storage$256.0M$379.0M$492.0M
Flexible Generation$171.0M$238.0M$188.0M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue37¢$530.0M
  • Other costs20¢$287.0M
  • Interest27¢$387.0M
  • Income tax4¢$56.0M
  • Profit12¢$169.0M

Out of $1.4B in revenue.2

Where each dollar of operating cash went, fiscal 2025

  • Capital spending46¢$319.0M
  • Kept or used elsewhere54¢$369.0M

Out of $688.0M of cash from operations.2

Financial statements

Revenue45672$1.4B in 2025+483% since 2018
0$500.0M$1.0B$1.5B2018: $245.0M$245.0M20182019: $239.0M$239.0M2019−2%2020: $1.2B$1.2B2020+402%2021: $1.3B$1.3B2021+7%2022: $1.2B$1.2B2022−7%2023: $1.3B$1.3B2023+10%2024: $1.4B$1.4B2024+4%2025: $1.4B$1.4B2025+4%
Operating income895672$160.0M in 2025−54% since 2018
0$500.0M$1.0B$1.5B2018: $347.0M$347.0M20182019: $224.0M$224.0M2019−35%2020: $333.0M$333.0M2020+49%2021: $267.0M$267.0M2021−20%2022: $1.5B$1.5B2022+451%2023: $263.0M$263.0M2023−82%2024: $196.0M$196.0M2024−25%2025: $160.0M$160.0M2025−18%
Net income895672$169.0M in 2025+252% since 2018
-$200.0M0$200.0M$400.0M$600.0M2018: $48.0M$48.0M20182019: -$11.0M-$11.0M20192020: $25.0M$25.0M20202021: $51.0M$51.0M2021+104%2022: $582.0M$582.0M2022+1041%2023: $79.0M$79.0M2023−86%2024: $88.0M$88.0M2024+11%2025: $169.0M$169.0M2025+92%

Every line of the income statement as filed: the last 3 fiscal years, latest first.2

Period ending2025-12-312024-12-312023-12-31
Total operating revenues$1.4B$1.4B$1.3B
Cost of operations, exclusive of depreciation, amortization and accretion shown separately below$530.0M$501.0M$473.0M
Depreciation, amortization and accretion$682.0M$627.0M$526.0M
Impairment losses$0$0$12.0M
General and administrative$41.0M$39.0M$36.0M
Transaction and integration costs$16.0M$8.0M$4.0M
Total operating costs and expenses$1.3B$1.2B$1.1B
Operating Income$160.0M$196.0M$263.0M
Equity in earnings of unconsolidated affiliates$31.0M$35.0M$12.0M
Other income, net$29.0M$48.0M$52.0M
Loss on debt extinguishment-$8.0M-$5.0M-$6.0M
Interest expense-$387.0M-$307.0M-$337.0M
Total other expense, net-$335.0M-$229.0M-$279.0M
Loss Before Income Taxes-$175.0M-$33.0M-$16.0M
Income tax expense (benefit)$56.0M$30.0M-$2.0M
Net Loss-$231.0M-$63.0M-$14.0M
Less: Net loss attributable to noncontrolling interests and redeemable noncontrolling interests-$400.0M-$151.0M-$93.0M
Net income attributable to Clearway Energy, Inc.$169.0M$88.0M$79.0M
Weighted average number of common shares outstanding - diluted (in shares)35.0M shares35.0M shares35.0M shares

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Leadership

Who has led Clearway Energy, Inc., and when. Pick a name to see everywhere that person has worked.

Board members and other officers (27)

Former names

  • NRG Yield, Inc.Mar 18, 2013 to Sep 4, 20183
  • NRG Yieldco, Inc.Feb 13, 2013 to May 2, 20133

Timeline

  1. Jul 3, 2024New chief executive Craig Cornelius becomes CEO14
  2. Aug 10, 2016New chief executive Christopher S. Sotos becomes CEO15

Filings

594 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 63 major events, 416 insider forms, 60 large holders, 35 other. The latest 20:

  1. Oct 13, 20264 OWNERSHIP DOCUMENT EDGAR
  2. Oct 13, 20264 OWNERSHIP DOCUMENT EDGAR
  3. Oct 8, 20263 EDGAR
  4. Oct 7, 20268-K EDGAR
  5. Oct 5, 20264 EDGAR
  6. Oct 5, 20264 OWNERSHIP DOCUMENT EDGAR
  7. Oct 5, 20264 OWNERSHIP DOCUMENT EDGAR
  8. Sep 28, 20268-K EDGAR
  9. Sep 25, 20264 OWNERSHIP DOCUMENT EDGAR
  10. Sep 25, 20264 OWNERSHIP DOCUMENT EDGAR
  11. Sep 10, 20263 EDGAR
  12. Sep 8, 20268-K EDGAR
  13. Sep 3, 20264 EDGAR
  14. Sep 3, 20264 EDGAR
  15. Sep 3, 20264 EDGAR
  16. Sep 3, 20264 EDGAR
  17. Sep 3, 20264 EDGAR
  18. Sep 3, 20264 EDGAR
  19. Sep 3, 20264 EDGAR
  20. Aug 11, 20264 OWNERSHIP DOCUMENT EDGAR

The 594 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last three years, summarized. The full record is on SEC EDGAR.

Insider trades and holders

Large holders

Investors who own more than 5% must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively. 60 such filings since October 2021, the latest 10:

  1. Aug 7, 2026SCHEDULE 13G/A
  2. Jul 31, 2026SCHEDULE 13G
  3. Jul 29, 2026SCHEDULE 13G/A
  4. Jun 4, 2026SCHEDULE 13G/A
  5. May 7, 2026SCHEDULE 13G
  6. May 1, 2026SCHEDULE 13D/A
  7. May 1, 2026SCHEDULE 13D/A
  8. Apr 29, 2026SCHEDULE 13G
  9. Apr 29, 2026SCHEDULE 13G
  10. Apr 29, 2026SCHEDULE 13G

From Forms 4 and Schedules 13D and 13G filed with the SEC.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.18,395,824$628.8M0.0%+4,478,807
Vanguard Portfolio Management LLC7,287,314$249.1M0.0%+2,029,839
Clearbridge Investments, LLC5,612,012$191.8M0.2%+408,041
Vanguard Capital Management LLC5,459,556$186.6M0.0%+1,916,356
Neuberger Berman Group LLC4,616,981$157.9M0.1%+152,731
Charles Schwab Investment Management Inc4,356,248$148.9M0.0%+3,160,220
State Street Corp4,115,231$140.7M0.0%+1,370,959
Morgan Stanley3,612,445$123.5M0.0%+561,491
Bank of New York Mellon Corp3,174,715$108.5M0.0%+662,028
Invesco Ltd.3,096,937$105.9M0.0%+622,391
Geode Capital Management, LLC2,322,405$79.4M0.0%+738,934
Legal & General Group Plc2,301,213$78.7M0.0%+367,307
Dimensional Fund Advisors LP1,645,863$56.3M0.0%+456,396
Northern Trust Corp1,545,365$52.8M0.0%+237,822
Franklin Resources Inc1,482,760$50.7M0.0%−70,378
Goldman Sachs Group Inc1,188,896$40.6M0.0%+852,494
Nuveen, LLC1,048,357$35.8M0.0%+838,484
Amundi1,044,550$35.7M0.0%+901,332
First Trust Advisors LP1,034,429$35.4M0.0%−185,333
Two Sigma Investments, LP909,064$31.1M0.0%−356,220
UBS Group AG907,589$31.0M0.0%+172,179
Bank Of America Corp /de/902,716$30.9M0.0%+59,092
Norges Bank835,381$28.6M0.0%New
Vanguard Fiduciary Trust Co769,278$26.3M0.0%+240,288
Gotham Asset Management, LLC767,343$26.2M0.1%+107,575

13F reports cover disclosed long positions in U.S. stocks only.

Members of Congress who traded it

5 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.

DateMemberTradeAmountVs S&P sinceFiling
Oct 25, 2024Maria Elvira SalazarRepublican, HouseSale$15,001 - $50,000+18.1%Report
Apr 26, 2024Maria Elvira SalazarRepublican, HouseBuy$15,001 - $50,000−22.5%Report
Apr 5, 2021Thomas R Carper, SenateBuy$1,001 - $15,000−83.8%Report
Jun 24, 2019Donna Shalala, HouseSale$1,001 - $15,000+86.5%Report
Apr 16, 2019Donna Shalala, HouseBuy$1,001 - $15,000−78.2%Report

Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).

Sources

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