What is Clearway Energy, Inc. worth?
With the base-case assumptions below, a discounted cash flow model on Clearway Energy, Inc.'s reported free cash flow gives -$75.33 per share. The share price was $29.77 on September 25, 2026, 140% below that value.
Inputs from the filings
Three sets of assumptions
| Case | Growth yrs 1-5 | Discount rate | Value per share | Value vs price |
|---|---|---|---|---|
| Bear | -1.5% | 10.0% | -$140.80 | -573% |
| Base | 3.5% | 9.0% | -$75.33 | -353% |
| Bull | 8.5% | 8.0% | $55.18 | +85% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | -$27.90 | -$13.54 | $4.00 | $25.94 | $54.14 |
| 8.0% | -$63.20 | -$53.89 | -$42.88 | -$29.68 | -$13.54 |
| 9.0% | -$89.04 | -$82.67 | -$75.33 | -$66.76 | -$56.63 |
| 10.0% | -$108.76 | -$104.23 | -$99.10 | -$93.24 | -$86.47 |
| 11.0% | -$124.30 | -$120.98 | -$117.27 | -$113.10 | -$108.37 |
Where the presets come from
Base: years 1 to 5 grow at Clearway Energy, Inc.'s revenue growth rate over the last 5 fiscal years (3.6% a year), held between -5% and 15%. Years 6 to 10 grow halfway between that and the long-run rate of 2.5%. Future cash is discounted at 9% a year.
Bear: 5 points less growth, 2% long-run growth, 10% discount rate. Bull: 5 points more growth (at most 25%), 3% long-run growth, 8% discount rate.
Value per share = (present value of 10 years of free cash flow + present value of everything after + cash - debt) / diluted shares.
This is a model run on assumptions, not a recommendation or a price target. Small changes in the discount rate or growth move the result a lot, as the table above shows. Change them yourself in the calculator.
Adjust the assumptions
Move the sliders for growth, long-run growth and discount rate, or switch to average free cash flow, and see the value per share change.
Adjust the assumptions