CWEN vs BEP-PA vs WAVE Stock Comparison

Clearway Energy, Brookfield Renewable Partners and Eco Wave Power Global AB (publ) Prices as of Oct 28, 2026 Peers: Industry group
CWEN Clearway Energy, Inc.
$32.77 +12.2% 1M +2.2% 1Y
Market cap
$3.62B
P/E
35.8x
Revenue (TTM)
$1.57B
Div. yield
0.10%
Renewable Power Producers Utilities
6 wins

Head to Head

9 decided of 12

Clearway Energy leads on 6 of the 12 questions below (Clearway Energy 6, Brookfield Renewable Partners 3). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionCWENBEP-PAWAVELeader
Larger companyMarket capitalisation $3.62B $7.93B $228.94M BEP-PA
Cheaper on earningsLower P/E, profitable companies only 35.8x -8.4x -65.6x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS — — — –
Faster revenue growthRevenue growth, trailing twelve months +9.9% +7.6% — CWEN
More profitableNet margin, trailing twelve months 6.4% -14.5% — CWEN
Better return on capitalReturn on invested capital 1.4% 4.9% — BEP-PA
Less leveragedLower net debt / EBITDA 7.6x 8.5x — CWEN
Higher dividend yieldTrailing dividend yield 0.10% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months +2.2% -9.3% -43.5% CWEN
Better 5-year returnAnnualised price return, 5 years -1.6%/yr -8.5%/yr -7.3%/yr CWEN
Less volatileAnnualised volatility, 1 year 30.6% 18.5% 70.4% BEP-PA
Higher overall scoreMean of the five percentile scores vs peers 56/100 35/100 33/100 CWEN

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 78 #6 of 24 52 #12 of 24 0 #24 of 24
Growth 41 #14 of 23 14 #20 of 23 36 #15 of 23
Profitability 50 #12 of 23 59 #10 of 23 5 #22 of 23
Financial Health 35 #16 of 24 22 #19 of 24 91 #3 of 24
Shareholder Returns 78 #5 of 19 28 #14 of 19 –
Overall 56 35 33
  • 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 +12.2%+4.2%-28.0% +0.9%
3 months +6.5%-0.5%-35.4% +5.9%
6 months -14.2%-7.7%-35.5% +8.5%
Year to date -1.5%-7.0%-21.6% +13.3%
1 year +2.2%-9.3%-43.5% +12.4%
3 years +52.1%+10.1%+94.9% +88.1%
3 years, per year +15.0%+3.3%+24.9% +23.5%
5 years -7.6%-35.9%-31.6% +68.2%
5 years, per year -1.6%-8.5%-7.3% +11.0%
10 years +117.0%—— +263.4%
10 years, per year +8.1%—— +13.8%

Risk

MeasureCWENBEP-PAWAVESPY
Volatility, 1Y 30.6%18.5%70.4% 12.7%
Downside volatility, 1Y 29.7%21.1%63.5% 12.7%
Beta vs S&P 500, 1Y 0.720.261.07 1.00
Return / volatility, 1Y 0.07-0.50-0.62 0.98
Max drawdown, 5Y -54.9%-42.3%-86.3% -25.4%
From 52-week high -20.6%-10.1%-53.8% -0.9%
52-week high $41.26$18.89$9.92 $779.14
52-week low $29.16$16.15$4.38 $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 35.7xmedian 24.9x -8.4xmedian 24.9x -61.3xmedian 24.9x
P/S now vs peer median 4.5xmedian 2.7x 1.2xmedian 2.7x —median 2.7x
EV/EBITDA now vs peer median 13.7xmedian 11.6x 11.2xmedian 11.6x —median 11.6x
P/FCF now vs peer median 10.6xmedian 13.8x -6.1xmedian 13.8x —median 13.8x
P/B now vs peer median 1.3xmedian 2.1x 2.1xmedian 2.1x 28.0xmedian 2.1x
PEG now vs peer median -6.11median 0.61 —median 0.61 —median 0.61

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 $6.54B –
Gross profit – $3.53B –
Operating income $211.00M $1.17B -$3.00M
Net income -$299.00M -$1.08B -$3.50M
Free cash flow $671.00M -$1.31B –
R&D – – $747.00K
EPS (diluted) $0.83 – –
Cash & equivalents $251.00M $1.97B $8.15M
Total debt $9.06B $32.05B $4.83M
Shares (diluted) 121.00M – –
Enterprise value $2.56B $8.17B $201.87M

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 35.7x -8.4x -61.3x
P/FCF 10.6x -6.1x –
P/Operating cash flow 7.0x 5.2x –
P/S 4.5x 1.2x –
P/B 1.3x 2.1x 28.0x
P/Tangible book 1.3x 2.1x 28.0x
EV/EBITDA 13.7x 11.2x –
EV/EBIT 75.3x 28.3x -69.1x
EV/Revenue 10.1x 5.0x –
EV/FCF 23.7x -25.1x –
EV/Operating cash flow 15.6x 21.7x –
PEG (3Y EPS CAGR) -6.11 – –

Growth

14 metrics
MetricCWENBEP-PAWAVE
Revenue growth (1Y) 9.9% 7.6% –
Revenue CAGR (3Y) 6.5% 9.3% –
Gross profit growth (1Y) – 2.8% –
Gross profit CAGR (3Y) – 0.8% –
Operating income growth (1Y) -6.6% -9.9% -16.2%
Operating income CAGR (3Y) -11.8% -8.5% -1.5%
Net income growth (1Y) -754.3% -386.7% -17.5%
Net income CAGR (3Y) -97.9% -76.2% -14.6%
EPS growth (1Y) 5.0% – –
EPS CAGR (3Y) -5.8% – –
Operating cash flow growth (1Y) 30.6% 6.2% –
Operating cash flow CAGR (3Y) 12.4% 8.3% –
Free cash flow growth (1Y) 19.4% -7.7% –
Free cash flow CAGR (3Y) 5.2% -40.0% –

Profitability

14 metrics
MetricCWENBEP-PAWAVE
Gross margin – 53.9% –
EBITDA margin 73.8% 45.1% –
Operating margin 13.4% 17.8% –
Pretax margin -8.3% 47.9% –
Net margin 6.4% -14.5% –
FCF margin 42.6% -20.0% –
Operating cash flow margin 64.6% 23.2% –
Return on equity -3.2% 14.3% -56.2%
Return on assets -1.1% 0.5% -40.5%
Return on invested capital 1.4% 4.9% –
Return on capital employed 1.3% 1.4% -48.6%
Asset turnover 0.1x 0.1x –
Cash conversion (OCF / net income) -3.4x -1.4x –
Stock comp / revenue – – –

Financial Health

11 metrics
MetricCWENBEP-PAWAVE
Debt / assets 54.0% 33.1% 12.0%
Debt / equity 1.7x 8.6x 0.2x
Net debt / EBITDA 7.6x 8.5x –
Debt / FCF 13.5x -24.5x –
Liabilities / assets 67.4% 96.1% 24.5%
Equity / assets 32.6% 3.9% 75.5%
Interest coverage 0.5x 1.0x -2.9x
Current ratio 1.2x 0.8x 3.5x
Quick ratio 0.6x 0.8x 3.4x
Cash ratio 0.3x 0.5x 3.3x
Altman Z-score 0.53 – –

Shareholder Returns

7 metrics
MetricCWENBEP-PAWAVE
Dividend yield 5.7% 0.0% –
Net buyback yield -0.7% – –
Shareholder yield 4.9% 0.0% –
Payout ratio (earnings) -124.4% -102.4% –
Payout ratio (FCF) 55.4% -84.3% –
Dividend growth (1Y) 7.5% 7.6% –
Dividend CAGR (3Y) 7.3% 8.3% –

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 $-1.42FY2026 $-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 47.3% – 1.2%
Institutions holding 475 – 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 0.13 0.02
BEP-PA 0.13 1.00 -0.02
WAVE 0.02 -0.02 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) $3.62B, Brookfield Renewable Partners (BEP-PA) $7.93B, Eco Wave Power Global AB (publ) (WAVE) $228.94M.

Which company is growing faster?

Clearway Energy (CWEN) grew revenue fastest over the trailing twelve months: Clearway Energy (CWEN) +9.9%, Brookfield Renewable Partners (BEP-PA) +7.6%.

Which company is more profitable?

Clearway Energy (CWEN) has the highest net margin (Clearway Energy (CWEN) 6.4%, Brookfield Renewable Partners (BEP-PA) -14.5%). On return on invested capital, Brookfield Renewable Partners (BEP-PA) leads (Clearway Energy (CWEN) 1.4%, Brookfield Renewable Partners (BEP-PA) 4.9%).

Which stock has performed better?

Over the past year Clearway Energy (CWEN) returned the most: Clearway Energy (CWEN) +2.2%, Brookfield Renewable Partners (BEP-PA) -9.3%, Eco Wave Power Global AB (publ) (WAVE) -43.5%. Over five years, Clearway Energy (CWEN) compounded fastest (Clearway Energy (CWEN) -1.6%/yr, Brookfield Renewable Partners (BEP-PA) -8.5%/yr, Eco Wave Power Global AB (publ) (WAVE) -7.3%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: Clearway Energy (CWEN) 0.10%, Brookfield Renewable Partners (BEP-PA) 0.00%, Eco Wave Power Global AB (publ) (WAVE) 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) 30.6%, Brookfield Renewable Partners (BEP-PA) 18.5%, Eco Wave Power Global AB (publ) (WAVE) 70.4%). 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, Clearway Energy (CWEN) leads on 6. 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.