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 -$83.70 per share. The share price was $34.65 on November 10, 2026, 141% 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% | -$149.17 | -531% |
| Base | 3.5% | 9.0% | -$83.70 | -342% |
| Bull | 8.5% | 8.0% | $46.81 | +35% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | -$36.27 | -$21.91 | -$4.37 | $17.56 | $45.76 |
| 8.0% | -$71.57 | -$62.26 | -$51.26 | -$38.05 | -$21.92 |
| 9.0% | -$97.41 | -$91.04 | -$83.70 | -$75.13 | -$65.00 |
| 10.0% | -$117.13 | -$112.60 | -$107.47 | -$101.61 | -$94.84 |
| 11.0% | -$132.67 | -$129.35 | -$125.64 | -$121.47 | -$116.74 |
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