Clearway Energy Plans to Offer $500M Senior Notes
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 08 2026
0mins
Should l Buy CWEN?
Clearway Energy Operating announced that, subject to market conditions, it intends to commence an offering of $500M in aggregate principal amount of senior notes due 2034. The New Notes will be senior unsecured obligations of Clearway Operating and will be guaranteed by Clearway Energy LLC, Clearway Operating's parent company, and by each of Clearway Operating's wholly owned current and future subsidiaries that guarantees indebtedness under its credit agreement. Clearway Operating intends to allocate an amount equal to the net proceeds from the offering of the New Notes to finance or refinance certain indebtedness, in part or in full, and acquire assets meeting certain renewable energy generation and storage eligibility criteria. Specifically, Clearway Operating intends to use the net proceeds from the offering to repay borrowings outstanding under its revolving credit facility and for general corporate purposes.
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Analyst Views on CWEN
Wall Street analysts forecast CWEN stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CWEN is 39.29 USD with a low forecast of 34.00 USD and a high forecast of 50.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
7 Analyst Rating
6 Buy
1 Hold
0 Sell
Strong Buy
Current: 37.580
Low
34.00
Averages
39.29
High
50.00
Current: 37.580
Low
34.00
Averages
39.29
High
50.00
About CWEN
Clearway Energy, Inc. is the owner of clean energy generation assets. It invests in energy infrastructure and focuses on investments in clean energy and owns sustainable and long-term contracted assets across North America. Its portfolio comprises approximately 12.7 gigawatts (GW) of gross capacity in 27 states, including 9.9 GW of wind, solar, and energy storage and over 2.8 GW of dispatchable power generation providing critical grid reliability services. Its operating facilities include Carlsbad, El Segundo, GenConn Devon, GenConn Middletown, Marsh Landing and Walnut Creek. Its utility-scale solar projects include Agua Caliente, Alpine, Avenal, Avra Valley, Blythe, Daggett 3, Desert Sunlight 250, Kansas South, and others. Its wind projects include Black Rock, Buffalo Bear, Cedro Hill, and others. It also operates the 137-megawatt (MW) Tuolumne Wind Project in Klickitat County, Washington and the 109 MW Catalina Solar facility in Kern County, California.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Stable Cash Flow: The company secures stable cash flow through long-term power purchase agreements (PPAs) with a target dividend payout ratio below 70%, allowing it to provide a 5% current dividend yield while retaining sufficient funds for reinvestment.
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- Webcast Access: Investors can access the earnings release webcast through the company’s website by clicking on the “Presentations & Webcasts” section under Investor Relations, allowing those unable to listen live to view archived materials.
- Clean Energy Asset Scale: Clearway Energy owns approximately 12.7 GW of clean energy generation assets in the U.S., including 9.9 GW of wind, solar, and energy storage, along with over 2.8 GW of dispatchable power generation capacity, demonstrating its leadership in the clean energy transition and ensuring grid reliability.
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- Webcast Access: Investors can access the earnings release webcast through the company's website by clicking on the 'Presentations & Webcasts' section under Investor Relations, allowing those unable to listen live to view archived materials.
- Clean Energy Asset Scale: Clearway Energy owns approximately 12.7 GW of clean energy generation assets in the U.S., including 9.9 GW of wind, solar, and energy storage, along with over 2.8 GW of dispatchable power generation, showcasing its leadership in the clean energy transition and ensuring grid reliability.
- Stable Dividend Income: Through a diversified and primarily contracted clean energy portfolio, Clearway Energy aims to provide investors with stable and growing dividend income, reflecting its long-term strategic value in the renewable energy sector.
See More
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- Stable Earnings in Clean Energy: Clearway Energy boasts a dividend yield exceeding 5%, ensuring stable cash flow through long-term fixed-rate contracts, with expectations of 7% to 8% annual cash flow per share growth by 2030, supporting ongoing dividend increases.
- REIT Stability Advantage: NNN REIT offers a dividend yield over 5.5%, generating stable rental income from single-tenant, triple-net-leased properties, having increased dividends for 36 consecutive years, showcasing strong financial flexibility and investment potential.
- Pipeline Industry Growth Potential: Oneok has a 5.5% dividend yield, supported by long-term contracts and government-regulated revenue structures, enabling over 25 years of dividend stability, with plans for 3% to 4% annual growth in the future.
- Telecom Giant Expansion Strategy: Verizon's dividend yield exceeds 7%, leveraging the $20 billion acquisition of Frontier to expand its broadband network and enhance cross-selling capabilities, expected to support future dividend growth, having achieved a 19-year growth streak.
See More
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- Dividend Stability: Verizon has increased its dividend for 19 consecutive years, currently boasting a yield of over 7%, supported by stable wireless and internet revenues that enhance its financial robustness for future dividend growth.
- Long-Term Contract Security: Oneok offers a 5.5% dividend yield, with stable cash flow derived from long-term fixed contracts, reflecting over 25 years of consistent dividend growth backed by a strong financial foundation and expansion capabilities.
- Investment Return Potential: NNN REIT has a dividend yield exceeding 5.5%, with stable rental income from single-tenant properties, allocating 70% of its cash flow to dividends, ensuring long-term investment returns and financial flexibility.
- Clean Energy Outlook: Clearway Energy's dividend yield is over 5%, with expectations of 7% to 8% compound annual cash flow growth per share through 2030, providing robust support for continued dividend increases.
See More
Clearway Energy: 5% Dividend Yield with Strong Growth Potential for the Next Decade
- Asset Portfolio Advantage: Clearway Energy owns 12.7 GW of clean generation assets across wind, solar, and natural gas, ensuring stable cash flow under long-term power purchase agreements, which provides a 5% dividend yield, enhancing its market appeal.
- Significant Growth Potential: The company anticipates a 7% to 8% compound annual growth rate in cash flow per share through 2030, which not only supports future dividend increases but also provides a strong financial foundation for expansion in the clean energy sector.
- Investment Flexibility: Through its strategic relationship with parent company Clearway Energy Group, Clearway can acquire operating clean power assets, further diversifying its portfolio and enhancing revenue-generating capabilities, facilitating capital recycling.
- Long-Term Return Expectations: With a 5% dividend yield and earnings growth exceeding 5% annually, Clearway Energy is projected to achieve total annualized returns above 10% over the next decade, showcasing strong return potential from a lower-risk investment.
See More
Clearway Energy Positioned for Significant Renewable Growth Through 2030
- Clean Energy Asset Scale: Clearway Energy owns 12.7 gigawatts of wind, solar, energy storage, and natural gas capacity, making it one of the largest owners of clean generation assets in the U.S., showcasing its strong competitive position in the clean energy market.
- Stable Cash Flow: The company secures stable cash flow through long-term power purchase agreements (PPAs) with a target dividend payout ratio below 70%, allowing it to provide a 5% current dividend yield while retaining sufficient funds for reinvestment.
- Growth Visibility: Clearway expects to grow its cash flow per share at a compound annual growth rate of 7% to 8% through 2030, with strategic relationships with its parent company providing financial flexibility to support future dividend increases.
- Investment Opportunities: The company enhances its market position and growth potential by investing in organic expansion and acquiring operating clean power assets, recycling capital to support new renewable energy development projects.
See More
Clearway Energy (CWEN) to Report Q4 2025 Financial Results on February 23, 2026
- Earnings Release Schedule: Clearway Energy plans to report its Q4 2025 financial results on February 23, 2026, with a conference call and webcast at 5:00 PM Eastern, ensuring timely access to critical information for investors.
- Webcast Access: Investors can access the earnings release webcast through the company’s website by clicking on the “Presentations & Webcasts” section under Investor Relations, allowing those unable to listen live to view archived materials.
- Clean Energy Asset Scale: Clearway Energy owns approximately 12.7 GW of clean energy generation assets in the U.S., including 9.9 GW of wind, solar, and energy storage, along with over 2.8 GW of dispatchable power generation capacity, demonstrating its leadership in the clean energy transition and ensuring grid reliability.
- Stable Dividend Income: Through a diversified and primarily contracted clean energy portfolio, Clearway Energy aims to provide investors with stable and growing dividend income, reflecting its long-term strategic value in the renewable energy sector.
See More
Clearway Energy (CWEN) to Report Q4 2025 Financial Results on February 23, 2026
- Earnings Release Schedule: Clearway Energy plans to report its Q4 2025 financial results on February 23, 2026, with a conference call and webcast at 5:00 PM Eastern, ensuring timely updates for investors.
- Webcast Access: Investors can access the earnings release webcast through the company's website by clicking on the 'Presentations & Webcasts' section under Investor Relations, allowing those unable to listen live to view archived materials.
- Clean Energy Asset Scale: Clearway Energy owns approximately 12.7 GW of clean energy generation assets in the U.S., including 9.9 GW of wind, solar, and energy storage, along with over 2.8 GW of dispatchable power generation, showcasing its leadership in the clean energy transition and ensuring grid reliability.
- Stable Dividend Income: Through a diversified and primarily contracted clean energy portfolio, Clearway Energy aims to provide investors with stable and growing dividend income, reflecting its long-term strategic value in the renewable energy sector.
See More
