10 Best Renewable Energy Dividend Stocks to Buy Now

3. Clearway Energy, Inc. (NYSE:CWEN)

Dividend Yield as of November 14: 5.03%

With a portfolio that comprises approximately 11.8 GW of gross generating capacity in 26 states, Clearway Energy, Inc. (NYSE:CWEN) is one of the largest owners of clean energy generation assets in the United States.

Clearway Energy, Inc. (NYSE:CWEN) received a boost on November 5 when Roth Capital raised its price target on the stock from $38 to $39, while keeping a ‘Buy’ rating on its shares. The update follows an impressive Q3 performance by the company, in which it topped expectations in both earnings and revenue. Clearway’s net income surged to $60 million, more than double compared to last year, helped by lower tax expenses, new investments, and favorable wind patterns.

Clearway Energy, Inc. (NYSE:CWEN) also narrowed its FY 2025 CAFD (Cash Available For Distribution) guidance to a range of $420 million to $440 million, while also introducing a higher-than-expected 2026 guidance of $470 million to $510 million. Moreover, the company’s management confirmed its commitment to a long-term annual growth target of 5% to 8% or higher.

Clearway Energy, Inc. (NYSE:CWEN)’s growth in net income allowed it to increase its dividend by 1.62% to $0.4528 per share, giving the company an annual dividend yield of 5.03% as of the writing of this piece.