CWEN vs BEP-PA vs WAVE Stock Comparison

Clearway Energy, Brookfield Renewable Partners and Eco Wave Power Global AB (publ) Prices as of Nov 5, 2026 Peers: Industry group
1 more company in this comparison (NEE) Create a free account to keep reading and compare up to 10 companies.
CWEN Clearway Energy, Inc.
$34.26 +11.6% 1M -1.2% 1Y
Market cap
$7.41B
P/E
37.3x
Revenue (TTM)
$1.57B
Div. yield
5.41%
Renewable Power Producers Utilities
2 wins

Head to Head

5 decided of 12

Brookfield Renewable Partners leads on 3 of the 12 questions below (Brookfield Renewable Partners 3, Clearway Energy 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionCWENBEP-PAWAVELeader
Larger companyMarket capitalisation $7.41B $8.00B $203.69M BEP-PA
Cheaper on earningsLower P/E, profitable companies only 37.3x -7.6x -67.1x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS — — — –
Faster revenue growthRevenue growth, trailing twelve months +9.9% — — –
More profitableNet margin, trailing twelve months 6.4% — — –
Better return on capitalReturn on invested capital 1.4% — — –
Less leveragedLower net debt / EBITDA 7.6x — — –
Higher dividend yieldTrailing dividend yield 5.41% 0.00% — –
Better 1-year returnPrice return, last 12 months -1.2% -4.7% -36.9% CWEN
Better 5-year returnAnnualised price return, 5 years -1.8%/yr -8.5%/yr -9.0%/yr CWEN
Less volatileAnnualised volatility, 1 year 31.1% 18.6% 70.3% BEP-PA
Higher overall scoreMean of the five percentile scores vs peers 55/100 60/100 35/100 BEP-PA

Percentile Scorecard

CWENBEP-PAWAVE

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisCWENBEP-PAWAVE
Valuation 65 #9 of 24 87 #4 of 24 0 #24 of 24
Growth 41 #14 of 23 32 #16 of 23 46 #13 of 23
Profitability 57 #10 of 22 – 5 #21 of 22
Financial Health 35 #16 of 24 61 #10 of 24 91 #3 of 24
Shareholder Returns 77 #5 of 18 – –
Overall 55 60 35
  • CWEN ranked among 24 companies in Power Generation
  • BEP-PA ranked among 24 companies in Power Generation
  • WAVE ranked among 24 companies in Power Generation

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodCWENBEP-PAWAVESPY
1 month +11.6%+2.6%-24.8% -5.9%
3 months +4.3%+0.8%-37.4% -4.6%
6 months -10.2%-6.1%-46.9% +0.2%
Year to date +3.0%-6.1%-25.3% +7.5%
1 year -1.2%-4.7%-36.9% +8.2%
3 years +52.6%+0.7%+84.0% +68.3%
3 years, per year +15.1%+0.2%+22.5% +19.0%
5 years -8.7%-35.9%-37.6% +56.5%
5 years, per year -1.8%-8.5%-9.0% +9.4%
10 years +121.0%—— +251.5%
10 years, per year +8.3%—— +13.4%

Risk

MeasureCWENBEP-PAWAVESPY
Volatility, 1Y 31.1%18.6%70.3% 13.6%
Downside volatility, 1Y 30.7%21.0%62.9% 14.2%
Beta vs S&P 500, 1Y 0.760.210.86 1.00
Return / volatility, 1Y -0.04-0.25-0.52 0.60
Max drawdown, 5Y -54.9%-42.3%-86.3% -25.4%
From 52-week high -17.0%-9.3%-56.0% -5.9%
52-week high $41.26$18.89$9.92 $779.14
52-week low $29.16$16.15$4.36 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleCWENBEP-PAWAVE
P/E now vs peer median 37.3xmedian 21.7x -7.6xmedian 21.7x -67.1xmedian 21.7x
P/S now vs peer median 4.7xmedian 2.5x 0.9xmedian 2.5x —median 2.5x
EV/EBITDA now vs peer median 14.0xmedian 10.9x —median 10.9x —median 10.9x
P/FCF now vs peer median 11.0xmedian 12.3x 2.9xmedian 12.3x —median 12.3x
P/B now vs peer median 1.4xmedian 2.0x 2.0xmedian 2.0x 28.9xmedian 2.0x
PEG now vs peer median -6.38median 0.64 —median 0.64 —median 0.64

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsCWENBEP-PAWAVE
Revenue $1.57B – –
Operating income $211.00M – -$2.77M
Net income -$299.00M -$1.61B -$3.04M
Free cash flow $671.00M $2.72B –
R&D – – $647.00K
EPS (diluted) $0.83 – –
Cash & equivalents $251.00M $2.66B $4.42M
Total debt $9.06B $6.29B $1.23M
Shares (diluted) 121.00M – –
Enterprise value $9.97B -$20.65B $175.60M

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricCWENBEP-PAWAVE
P/E 37.3x -7.6x -67.1x
P/FCF 11.0x 2.9x –
P/Operating cash flow 7.3x – –
P/S 4.7x 0.9x –
P/B 1.4x 2.0x 28.9x
P/Tangible book 1.4x 2.0x 28.9x
EV/EBITDA 14.0x – –
EV/EBIT 76.9x – -71.2x
EV/Revenue 10.3x – –
EV/FCF 24.2x 2.1x –
EV/Operating cash flow 15.9x – –
PEG (3Y EPS CAGR) -6.38 – –

Growth

14 metrics
MetricCWENBEP-PAWAVE
Revenue growth (1Y) 9.9% – –
Revenue CAGR (3Y) 6.5% – –
Gross profit growth (1Y) – – –
Gross profit CAGR (3Y) – – –
Operating income growth (1Y) -6.6% – 2.6%
Operating income CAGR (3Y) -11.8% – -1.3%
Net income growth (1Y) -754.3% -264.2% 11.3%
Net income CAGR (3Y) -97.9% -32.9% -16.1%
EPS growth (1Y) 5.0% – –
EPS CAGR (3Y) -5.8% – –
Operating cash flow growth (1Y) 30.6% – –
Operating cash flow CAGR (3Y) 12.4% – –
Free cash flow growth (1Y) 19.4% 8.1% –
Free cash flow CAGR (3Y) 5.2% 25.4% –

Profitability

14 metrics
MetricCWENBEP-PAWAVE
Gross margin – – –
EBITDA margin 73.8% – –
Operating margin 13.4% – –
Pretax margin -8.3% – –
Net margin 6.4% – –
FCF margin 42.6% – –
Operating cash flow margin 64.6% – –
Return on equity -3.2% – -41.3%
Return on assets -1.1% – -31.2%
Return on invested capital 1.4% – –
Return on capital employed 1.3% – -37.2%
Asset turnover 0.1x – –
Cash conversion (OCF / net income) -3.4x – –
Stock comp / revenue – – –

Financial Health

11 metrics
MetricCWENBEP-PAWAVE
Debt / assets 54.0% 6.0% 13.2%
Debt / equity 1.7x 1.6x 0.2x
Net debt / EBITDA 7.6x – –
Debt / FCF 13.5x 2.3x –
Liabilities / assets 67.4% 96.3% 24.3%
Equity / assets 32.6% 3.7% 75.7%
Interest coverage 0.5x – -2.2x
Current ratio 1.2x – 3.5x
Quick ratio 0.6x 10.4x 3.4x
Cash ratio 0.3x 7.0x 3.3x
Altman Z-score 0.55 – –

Shareholder Returns

7 metrics
MetricCWENBEP-PAWAVE
Dividend yield 5.4% – –
Net buyback yield -0.7% – –
Shareholder yield 4.7% 0.0% –
Payout ratio (earnings) -124.4% – –
Payout ratio (FCF) 55.4% – –
Dividend growth (1Y) 7.5% – –
Dividend CAGR (3Y) 7.3% – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusCWENBEP-PAWAVE
EPS, next fiscal year $-0.10FY2026 $-1.57FY2026 $-0.74FY2026
EPS growth, next FY -107.0%FY2026 – –
Revenue, next fiscal year $1.69BFY2026 $7.26BFY2026 $179.29KFY2026
Revenue growth, next FY +18.0%FY2026 +13.3%FY2026 –
Revenue growth, the year after +14.8% -2.7% +35.0%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersCWENBEP-PAWAVE
Held by institutions 84.5% – 1.2%
Institutions holding 476 – 22
Change in shares held, QoQ +31.6% – +520.8%
Institutions buying 362 – 14
Institutions selling 71 – 2
Buyers to sellers 5.10 – 7.00

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

CWENBEP-PAWAVE
CWEN 1.00 0.11 0.01
BEP-PA 0.11 1.00 -0.01
WAVE 0.01 -0.01 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, CWEN, BEP-PA and WAVE?

Brookfield Renewable Partners (BEP-PA) is the largest by market capitalisation: Clearway Energy (CWEN) $7.41B, Brookfield Renewable Partners (BEP-PA) $8.00B, Eco Wave Power Global AB (publ) (WAVE) $203.69M.

Which stock has performed better?

Over the past year Clearway Energy (CWEN) returned the most: Clearway Energy (CWEN) -1.2%, Brookfield Renewable Partners (BEP-PA) -4.7%, Eco Wave Power Global AB (publ) (WAVE) -36.9%. Over five years, Clearway Energy (CWEN) compounded fastest (Clearway Energy (CWEN) -1.8%/yr, Brookfield Renewable Partners (BEP-PA) -8.5%/yr, Eco Wave Power Global AB (publ) (WAVE) -9.0%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: Clearway Energy (CWEN) 5.41%, Brookfield Renewable Partners (BEP-PA) 0.00%. Brookfield Renewable Partners (BEP-PA) and Eco Wave Power Global AB (publ) (WAVE) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Brookfield Renewable Partners (BEP-PA) has been the steadiest (Clearway Energy (CWEN) 31.1%, Brookfield Renewable Partners (BEP-PA) 18.6%, Eco Wave Power Global AB (publ) (WAVE) 70.3%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, CWEN, BEP-PA and WAVE?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Brookfield Renewable Partners (BEP-PA) leads on 3. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.