Is CWEN a good stock to buy? We came across a bullish thesis on Clearway Energy, Inc. on Saadiyat Capital’s Substack by Aalim Azeez Ur Rehman. In this article, we will summarize the bulls’ thesis on CWEN. Clearway Energy, Inc.’s share was trading at $38.94 as of June 9th. CWEN’s trailing and forward P/E were 389.40 and 217.39 respectively according to Yahoo Finance.
UbjsP/Shutterstock.com
Clearway Energy Inc. (NYSE: CWEN) is the United States’ largest publicly listed pure-play renewable energy yieldco, operating across 27 states with a 12.9-gigawatt fleet of wind, solar, battery storage, and flexible natural gas assets. The company traces its origins to the 2013 NRG Yield IPO, which packaged contracted long-duration power assets into a yieldco structure designed for stable cash distributions.
Read More: 15 AI Stocks That Are Quietly Making Investors Rich
Read More: Undervalued AI Stock Poised For Massive Gains: 10000% Upside Potential
In 2018, Global Infrastructure Partners acquired and rebranded the business as Clearway Energy, repositioning it under an institutional-grade infrastructure ownership model. In 2022, TotalEnergies acquired a 50 percent stake in Clearway Energy Group, forming a powerful joint ownership structure with GIP that now supports the company’s development engine. In May 2026, CWEN completed a Class A to Class C conversion that removed a structural discount and improved index inclusion and liquidity.
At its core, Clearway operates a two-entity model combining CWEN’s contracted operating portfolio with Clearway Energy Group’s 29 gigawatt development pipeline. CWEN collects long-term power purchase agreement cashflows and distributes growing dividends, while CEG originates, builds, and drops down renewable assets under a right-of-first-offer framework. With GIP now part of BlackRock managing over 193 billion dollars and TotalEnergies as co-owner, the development pipeline is institutionally anchored.
The simultaneous AES Corporation take-private transaction further strengthens renewable infrastructure expertise across the platform. This structure provides highly contracted cashflows, visible growth, and a re-rating opportunity as simplification, liquidity, and scale converge to support continued dividend expansion and upside revaluation potential for long-term infrastructure income and capital appreciation upside investors over time.
Previously, we covered a bullish thesis on PG&E Corporation (PCG) by Acid Investments in February 2025, which highlighted unfair wildfire-related selloff, lack of direct liability from LA fires, and strong 10% EPS growth outlook. PCG’s stock price has appreciated by approximately 4.40% since our coverage. Aalim Azeez Ur Rehman shares a similar view but emphasizes Clearway Energy Inc. (CWEN)’s contracted cashflows and 29-gigawatt development pipeline-driven re-rating potential.
Clearway Energy, Inc. is not on our list of the 40 Most Popular Stocks Among Hedge Funds. As per our database, 37 hedge fund portfolios held CWEN at the end of the first quarter which was 36 in the previous quarter. While we acknowledge the risk and potential of CWEN as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than CWEN and that has 10,000% upside potential, check out our report about this cheapest AI stock.
Disclosure: None.
