CWEN vs NEE vs WAVE Stock Comparison

Clearway Energy, Nextera Energy and Eco Wave Power Global AB (publ) Prices as of Oct 27, 2026 Peers: Industry group
CWEN Clearway Energy, Inc.
$32.72 +9.8% 1M +2.3% 1Y
Market cap
$3.60B
P/E
35.7x
Revenue (TTM)
$1.57B
Div. yield
0.10%
Renewable Power Producers Utilities
2 wins
NEE Nextera Energy Inc
$82.42 +8.3% 1M -4.2% 1Y
Market cap
$169.18B
P/E
14.5x
Revenue (TTM)
$28.83B
Div. yield
–
Regulated Electric Utilities Utilities
8 wins

Head to Head

10 decided of 12

Nextera Energy leads on 8 of the 12 questions below (Nextera Energy 8, Clearway Energy 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionCWENNEEWAVELeader
Larger companyMarket capitalisation $3.60B $169.18B $216.46M NEE
Cheaper on earningsLower P/E, profitable companies only 35.7x 14.5x -62.0x NEE
Cheaper on forward earningsLower price / next fiscal year consensus EPS — 21.2x — –
Faster revenue growthRevenue growth, trailing twelve months +9.9% +9.6% — CWEN
More profitableNet margin, trailing twelve months 6.4% 40.4% — NEE
Better return on capitalReturn on invested capital 1.4% 4.7% — NEE
Less leveragedLower net debt / EBITDA 7.6x 7.0x — NEE
Higher dividend yieldTrailing dividend yield 0.10% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months +2.3% -4.2% -42.4% CWEN
Better 5-year returnAnnualised price return, 5 years -1.3%/yr -0.9%/yr -7.9%/yr NEE
Less volatileAnnualised volatility, 1 year 30.6% 21.1% 70.6% NEE
Higher overall scoreMean of the five percentile scores vs peers 56/100 60/100 33/100 NEE

Percentile Scorecard

CWENNEEWAVE

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

AxisCWENNEEWAVE
Valuation 74 #7 of 24 24 #51 of 67 0 #24 of 24
Growth 41 #14 of 23 92 #6 of 65 36 #15 of 23
Profitability 50 #12 of 23 89 #8 of 63 5 #22 of 23
Financial Health 35 #16 of 24 47 #34 of 63 91 #3 of 24
Shareholder Returns 79 #5 of 20 50 #34 of 67 –
Overall 56 60 33
  • CWEN ranked among 24 companies in Power Generation
  • NEE ranked among 67 companies in Regulated Utilities
  • 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

PeriodCWENNEEWAVESPY
1 month +9.8%+8.3%-27.6% -0.2%
3 months +4.0%-7.7%-40.6% +3.9%
6 months -19.1%-14.6%-41.4% +8.2%
Year to date -1.6%+2.7%-25.0% +12.9%
1 year +2.3%-4.2%-42.4% +12.3%
3 years +51.8%+46.6%+86.4% +87.4%
3 years, per year +14.9%+13.6%+23.1% +23.3%
5 years -6.2%-4.6%-33.5% +67.9%
5 years, per year -1.3%-0.9%-7.9% +10.9%
10 years +113.9%+163.5%— +261.1%
10 years, per year +7.9%+10.2%— +13.7%

Risk

MeasureCWENNEEWAVESPY
Volatility, 1Y 30.6%21.1%70.6% 12.7%
Downside volatility, 1Y 29.7%22.2%63.5% 12.7%
Beta vs S&P 500, 1Y 0.720.101.07 1.00
Return / volatility, 1Y 0.08-0.20-0.60 0.97
Max drawdown, 5Y -54.9%-47.2%-86.3% -25.4%
From 52-week high -20.7%-15.8%-55.8% -1.2%
52-week high $41.26$97.88$9.92 $779.14
52-week low $29.16$75.50$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.

MultipleCWENNEEWAVE
P/E now vs peer median 35.6xmedian 25.0x 14.8xmedian 20.9x -58.6xmedian 25.0x
P/S now vs peer median 4.5xmedian 2.8x 6.0xmedian 2.9x —median 2.8x
EV/EBITDA now vs peer median 13.7xmedian 11.5x 18.4xmedian 13.2x —median 11.5x
P/FCF now vs peer median 10.5xmedian 13.6x 37.0xmedian 36.9x —median 13.6x
P/B now vs peer median 1.3xmedian 2.1x 2.4xmedian 1.7x 26.7xmedian 2.1x
PEG now vs peer median -6.10median 0.60 1.06median 2.31 —median 0.60

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 monthsCWENNEEWAVE
Revenue $1.57B $28.83B –
Operating income $211.00M $8.66B -$3.00M
Net income -$299.00M $11.64B -$3.50M
Free cash flow $671.00M $4.67B –
R&D – – $747.00K
EPS (diluted) $0.83 $5.55 –
Cash & equivalents $251.00M $5.58B $8.15M
Total debt $9.06B $413.84B $4.83M
Shares (diluted) 121.00M 2.10B –
Enterprise value $2.55B $155.93B $189.39M

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
MetricCWENNEEWAVE
P/E 35.6x 14.8x -58.6x
P/FCF 10.5x 37.0x –
P/Operating cash flow 7.0x 11.7x –
P/S 4.5x 6.0x –
P/B 1.3x 2.4x 26.7x
P/Tangible book 1.3x 2.4x 26.7x
EV/EBITDA 13.7x 18.4x –
EV/EBIT 75.3x 32.1x -66.0x
EV/Revenue 10.1x 9.6x –
EV/FCF 23.7x 59.4x –
EV/Operating cash flow 15.6x 18.7x –
PEG (3Y EPS CAGR) -6.10 1.06 –

Growth

14 metrics
MetricCWENNEEWAVE
Revenue growth (1Y) 9.9% 9.6% –
Revenue CAGR (3Y) 6.5% 1.7% –
Gross profit growth (1Y) – – –
Gross profit CAGR (3Y) – – –
Operating income growth (1Y) -6.6% 13.4% -16.2%
Operating income CAGR (3Y) -11.8% -3.5% -1.5%
Net income growth (1Y) -754.3% 79.0% -17.5%
Net income CAGR (3Y) -97.9% 15.1% -14.6%
EPS growth (1Y) 5.0% 76.7% –
EPS CAGR (3Y) -5.8% 14.0% –
Operating cash flow growth (1Y) 30.6% 23.8% –
Operating cash flow CAGR (3Y) 12.4% 16.3% –
Free cash flow growth (1Y) 19.4% 30.9% –
Free cash flow CAGR (3Y) 5.2% 124.1% –

Profitability

14 metrics
MetricCWENNEEWAVE
Gross margin – – –
EBITDA margin 73.8% 52.2% –
Operating margin 13.4% 30.0% –
Pretax margin -8.3% 35.0% –
Net margin 6.4% 40.4% –
FCF margin 42.6% 16.2% –
Operating cash flow margin 64.6% 51.4% –
Return on equity -3.2% 13.9% -56.2%
Return on assets -1.1% 4.1% -40.5%
Return on invested capital 1.4% 4.7% –
Return on capital employed 1.3% 4.2% -48.6%
Asset turnover 0.1x 0.1x –
Cash conversion (OCF / net income) -3.4x 1.3x –
Stock comp / revenue – – –

Financial Health

11 metrics
MetricCWENNEEWAVE
Debt / assets 54.0% 45.0% 12.0%
Debt / equity 1.7x 1.5x 0.2x
Net debt / EBITDA 7.6x 7.0x –
Debt / FCF 13.5x 23.6x –
Liabilities / assets 67.4% 70.3% 24.5%
Equity / assets 32.6% 29.7% 75.5%
Interest coverage 0.5x 2,164x -2.9x
Current ratio 1.2x 0.5x 3.5x
Quick ratio 0.6x 0.3x 3.4x
Cash ratio 0.3x 0.2x 3.3x
Altman Z-score 0.53 0.99 –

Shareholder Returns

7 metrics
MetricCWENNEEWAVE
Dividend yield 5.7% 2.9% –
Net buyback yield -0.7% -0.6% –
Shareholder yield 5.0% 2.4% –
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.

ConsensusCWENNEEWAVE
Forward P/E – 21.2xFY2026 –
EPS, next fiscal year $-0.10FY2026 $3.89FY2026 $-0.74FY2026
EPS growth, next FY -107.0%FY2026 +4.9%FY2026 –
EPS growth, the year after – +18.5% –
Revenue, next fiscal year $1.69BFY2026 $32.08BFY2026 $179.29KFY2026
Revenue growth, next FY +18.0%FY2026 +17.0%FY2026 –
Revenue growth, the year after +14.8% +9.6% +35.0%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersCWENNEEWAVE
Held by institutions 47.3% 84.3% 1.2%
Institutions holding 475 3,020 22
Change in shares held, QoQ +31.6% +2.3% +520.8%
Institutions buying 362 1,589 14
Institutions selling 71 1,054 2
Buyers to sellers 5.10 1.51 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.

CWENNEEWAVE
CWEN 1.00 0.40 0.02
NEE 0.40 1.00 0.05
WAVE 0.02 0.05 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, CWEN, NEE and WAVE?

Nextera Energy (NEE) is the largest by market capitalisation: Clearway Energy (CWEN) $3.60B, Nextera Energy (NEE) $169.18B, Eco Wave Power Global AB (publ) (WAVE) $216.46M.

Which stock is cheaper, CWEN, NEE and WAVE?

Nextera Energy (NEE) trades on the lowest price-to-earnings ratio (Clearway Energy (CWEN) 35.7x, Nextera Energy (NEE) 14.5x, Eco Wave Power Global AB (publ) (WAVE) -62.0x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Clearway Energy (CWEN) grew revenue fastest over the trailing twelve months: Clearway Energy (CWEN) +9.9%, Nextera Energy (NEE) +9.6%.

Which company is more profitable?

Nextera Energy (NEE) has the highest net margin (Clearway Energy (CWEN) 6.4%, Nextera Energy (NEE) 40.4%). On return on invested capital, Nextera Energy (NEE) leads (Clearway Energy (CWEN) 1.4%, Nextera Energy (NEE) 4.7%).

Which stock has performed better?

Over the past year Clearway Energy (CWEN) returned the most: Clearway Energy (CWEN) +2.3%, Nextera Energy (NEE) -4.2%, Eco Wave Power Global AB (publ) (WAVE) -42.4%. Over five years, Nextera Energy (NEE) compounded fastest (Clearway Energy (CWEN) -1.3%/yr, Nextera Energy (NEE) -0.9%/yr, Eco Wave Power Global AB (publ) (WAVE) -7.9%/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%, Nextera Energy (NEE) 0.00%, Eco Wave Power Global AB (publ) (WAVE) 0.00%. Nextera Energy (NEE) and Eco Wave Power Global AB (publ) (WAVE) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Nextera Energy (NEE) has been the steadiest (Clearway Energy (CWEN) 30.6%, Nextera Energy (NEE) 21.1%, Eco Wave Power Global AB (publ) (WAVE) 70.6%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, CWEN, NEE 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, Nextera Energy (NEE) leads on 8. 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.