ENLT vs ORA vs CWEN Stock Comparison

Enlight Renewable Energy, Ormat Technologies and Clearway Energy Prices as of Oct 27, 2026 Peers: Industry group
ORA Ormat Technologies, Inc.
$92.07 -1.7% 1M -13.6% 1Y
Market cap
$5.66B
P/E
44.7x
Revenue (TTM)
$1.19B
Div. yield
0.52%
Renewable Power Producers Utilities
3 wins
CWEN Clearway Energy, Inc.
$32.72 +9.8% 1M +2.3% 1Y
Market cap
$7.08B
P/E
35.6x
Revenue (TTM)
$1.57B
Div. yield
5.66%
Renewable Power Producers Utilities
3 wins

Head to Head

11 decided of 12

Enlight Renewable Energy leads on 5 of the 12 questions below (Enlight Renewable Energy 5, Clearway Energy 3, Ormat Technologies 3). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionENLTORACWENLeader
Larger companyMarket capitalisation $9.69B $5.66B $7.08B ENLT
Cheaper on earningsLower P/E, profitable companies only 101.1x 44.7x 35.6x CWEN
Cheaper on forward earningsLower price / next fiscal year consensus EPS — 36.5x — –
Faster revenue growthRevenue growth, trailing twelve months +36.5% +31.1% +9.9% ENLT
More profitableNet margin, trailing twelve months 15.3% 10.7% 6.4% ENLT
Better return on capitalReturn on invested capital 7.9% 6.4% 1.4% ENLT
Less leveragedLower net debt / EBITDA 0.6x -0.3x 7.6x ORA
Higher dividend yieldTrailing dividend yield — 0.52% 5.66% CWEN
Better 1-year returnPrice return, last 12 months +102.1% -13.6% +2.3% ENLT
Better 5-year returnAnnualised price return, 5 years — +4.8%/yr -1.3%/yr ORA
Less volatileAnnualised volatility, 1 year 59.2% 37.8% 30.6% CWEN
Higher overall scoreMean of the five percentile scores vs peers 62/100 63/100 56/100 ORA

Percentile Scorecard

ENLTORACWEN

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

AxisENLTORACWEN
Valuation 30 #17 of 24 48 #13 of 24 74 #7 of 24
Growth 86 #4 of 23 50 #12 of 23 41 #14 of 23
Profitability 96 #2 of 23 77 #6 of 23 50 #12 of 23
Financial Health 70 #8 of 24 78 #6 of 24 35 #16 of 24
Shareholder Returns 26 #15 of 20 63 #8 of 20 79 #5 of 20
Overall 62 63 56
  • ENLT ranked among 24 companies in Power Generation
  • ORA ranked among 24 companies in Power Generation
  • CWEN ranked among 24 companies in Power Generation

Price Performance

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

Returns

PeriodENLTORACWENSPY
1 month +5.5%-1.7%+9.8% -0.2%
3 months -15.6%-6.4%+4.0% +3.9%
6 months -17.4%-18.6%-19.1% +8.2%
Year to date +61.2%-16.7%-1.6% +12.9%
1 year +102.1%-13.6%+2.3% +12.3%
3 years +500.3%+49.9%+51.8% +87.4%
3 years, per year +81.8%+14.5%+14.9% +23.3%
5 years —+26.3%-6.2% +67.9%
5 years, per year —+4.8%-1.3% +10.9%
10 years —+96.5%+113.9% +261.1%
10 years, per year —+7.0%+7.9% +13.7%

Risk

MeasureENLTORACWENSPY
Volatility, 1Y 59.2%37.8%30.6% 12.7%
Downside volatility, 1Y 60.6%39.8%29.7% 12.7%
Beta vs S&P 500, 1Y 2.110.900.72 1.00
Return / volatility, 1Y 1.73-0.360.08 0.97
Max drawdown, 5Y -39.3%-41.5%-54.9% -25.4%
From 52-week high -31.8%-36.5%-20.7% -1.2%
52-week high $107.42$145.10$41.26 $779.14
52-week low $34.10$86.61$29.16 $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.

MultipleENLTORACWEN
P/E now vs peer median 101.1xmedian 25.0x 44.7xmedian 25.0x 35.6xmedian 25.0x
P/S now vs peer median 16.6xmedian 2.8x 4.8xmedian 2.8x 4.5xmedian 2.8x
EV/EBITDA now vs peer median 20.8xmedian 11.5x 10.9xmedian 11.5x 13.7xmedian 11.5x
P/FCF now vs peer median 7.1xmedian 13.6x -21.4xmedian 13.6x 10.5xmedian 13.6x
P/B now vs peer median 4.5xmedian 2.1x 2.1xmedian 2.1x 1.3xmedian 2.1x
PEG now vs peer median 145.22median 0.60 4.00median 0.60 -6.10median 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 monthsENLTORACWEN
Revenue $585.20M $1.19B $1.57B
Gross profit $414.52M $331.93M –
Operating income $300.63M $197.45M $211.00M
Net income $122.32M $129.46M -$299.00M
Free cash flow $1.37B -$264.77M $671.00M
R&D $15.41M $4.96M –
EPS (diluted) $0.68 $2.03 $0.83
Cash & equivalents $1.16B $513.75M $251.00M
Total debt $4.75B $360.60M $9.06B
Shares (diluted) 132.62M 62.53M 121.00M
Enterprise value $6.52B $4.40B $9.64B

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
MetricENLTORACWEN
P/E 101.1x 44.7x 35.6x
P/FCF 7.1x -21.4x 10.5x
P/Operating cash flow 29.3x 20.3x 7.0x
P/S 16.6x 4.8x 4.5x
P/B 4.5x 2.1x 1.3x
P/Tangible book 5.2x 2.3x 1.3x
EV/EBITDA 20.8x 10.9x 13.7x
EV/EBIT 33.1x 27.9x 75.3x
EV/Revenue 17.0x 4.6x 10.1x
EV/FCF 7.3x -20.8x 23.7x
EV/Operating cash flow 30.1x 19.7x 15.6x
PEG (3Y EPS CAGR) 145.22 4.00 -6.10

Growth

14 metrics
MetricENLTORACWEN
Revenue growth (1Y) 36.5% 31.1% 9.9%
Revenue CAGR (3Y) 34.4% 16.0% 6.5%
Gross profit growth (1Y) 39.3% 26.6% –
Gross profit CAGR (3Y) 42.3% 7.5% –
Operating income growth (1Y) -1.9% 15.5% -6.6%
Operating income CAGR (3Y) 30.8% 10.5% -11.8%
Net income growth (1Y) -12.6% -4.9% -754.3%
Net income CAGR (3Y) 12.5% 9.7% -97.9%
EPS growth (1Y) -27.6% -5.9% 5.0%
EPS CAGR (3Y) 0.7% 11.2% -5.8%
Operating cash flow growth (1Y) 34.6% -37.9% 30.6%
Operating cash flow CAGR (3Y) 29.7% -1.9% 12.4%
Free cash flow growth (1Y) 155.4% -130.3% 19.4%
Free cash flow CAGR (3Y) 76.5% 0.7% 5.2%

Profitability

14 metrics
MetricENLTORACWEN
Gross margin 70.8% 27.9% –
EBITDA margin 81.6% 42.6% 73.8%
Operating margin 51.4% 16.6% 13.4%
Pretax margin 28.4% 7.7% -8.3%
Net margin 15.3% 10.7% 6.4%
FCF margin 234.3% -22.3% 42.6%
Operating cash flow margin 56.5% 23.5% 64.6%
Return on equity 5.3% 4.7% -3.2%
Return on assets 1.2% 1.9% -1.1%
Return on invested capital 7.9% 6.4% 1.4%
Return on capital employed 3.5% 3.4% 1.3%
Asset turnover 0.1x 0.2x 0.1x
Cash conversion (OCF / net income) 2.7x 2.2x -3.4x
Stock comp / revenue 3.0% 1.8% –

Financial Health

11 metrics
MetricENLTORACWEN
Debt / assets 13.7% 5.3% 54.0%
Debt / equity 0.7x 0.1x 1.7x
Net debt / EBITDA 0.6x -0.3x 7.6x
Debt / FCF 1.0x -1.4x 13.5x
Liabilities / assets 79.3% 59.7% 67.4%
Equity / assets 20.7% 40.3% 32.6%
Interest coverage 4.5x 1.2x 0.5x
Current ratio 1.1x 1.0x 1.2x
Quick ratio 1.0x 0.7x 0.6x
Cash ratio 0.8x 0.5x 0.3x
Altman Z-score 0.91 1.32 0.53

Shareholder Returns

7 metrics
MetricENLTORACWEN
Dividend yield – 0.5% 5.7%
Net buyback yield -7.3% 0.4% -0.7%
Shareholder yield -7.3% 1.0% 5.0%
Payout ratio (earnings) – 22.6% -124.4%
Payout ratio (FCF) – -11.1% 55.4%
Dividend growth (1Y) – 0.6% 7.5%
Dividend CAGR (3Y) – 1.9% 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.

ConsensusENLTORACWEN
Forward P/E – 36.5xFY2026 –
EPS, next fiscal year – $2.52FY2026 $-0.10FY2026
EPS growth, next FY – +12.5%FY2026 -107.0%FY2026
EPS growth, the year after – -6.7% –
Revenue, next fiscal year – $1.25BFY2026 $1.69BFY2026
Revenue growth, next FY – +26.3%FY2026 +18.0%FY2026
Revenue growth, the year after – -3.7% +14.8%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersENLTORACWEN
Held by institutions 31.2% 86.4% 47.3%
Institutions holding 174 438 475
Change in shares held, QoQ -20.2% +2.1% +31.6%
Institutions buying 130 255 362
Institutions selling 28 111 71
Buyers to sellers 4.64 2.30 5.10

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.

ENLTORACWEN
ENLT 1.00 0.38 0.40
ORA 0.38 1.00 0.51
CWEN 0.40 0.51 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, ENLT, ORA and CWEN?

Enlight Renewable Energy (ENLT) is the largest by market capitalisation: Enlight Renewable Energy (ENLT) $9.69B, Ormat Technologies (ORA) $5.66B, Clearway Energy (CWEN) $7.08B.

Which stock is cheaper, ENLT, ORA and CWEN?

Clearway Energy (CWEN) trades on the lowest price-to-earnings ratio (Enlight Renewable Energy (ENLT) 101.1x, Ormat Technologies (ORA) 44.7x, Clearway Energy (CWEN) 35.6x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Enlight Renewable Energy (ENLT) grew revenue fastest over the trailing twelve months: Enlight Renewable Energy (ENLT) +36.5%, Ormat Technologies (ORA) +31.1%, Clearway Energy (CWEN) +9.9%.

Which company is more profitable?

Enlight Renewable Energy (ENLT) has the highest net margin (Enlight Renewable Energy (ENLT) 15.3%, Ormat Technologies (ORA) 10.7%, Clearway Energy (CWEN) 6.4%). On return on invested capital, Enlight Renewable Energy (ENLT) leads (Enlight Renewable Energy (ENLT) 7.9%, Ormat Technologies (ORA) 6.4%, Clearway Energy (CWEN) 1.4%).

Which stock has performed better?

Over the past year Enlight Renewable Energy (ENLT) returned the most: Enlight Renewable Energy (ENLT) +102.1%, Ormat Technologies (ORA) -13.6%, Clearway Energy (CWEN) +2.3%. Over five years, Ormat Technologies (ORA) compounded fastest (Ormat Technologies (ORA) +4.8%/yr, Clearway Energy (CWEN) -1.3%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Clearway Energy (CWEN) has the highest dividend yield: Ormat Technologies (ORA) 0.52%, Clearway Energy (CWEN) 5.66%. Enlight Renewable Energy (ENLT) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Clearway Energy (CWEN) has been the steadiest (Enlight Renewable Energy (ENLT) 59.2%, Ormat Technologies (ORA) 37.8%, Clearway Energy (CWEN) 30.6%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, ENLT, ORA and CWEN?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Enlight Renewable Energy (ENLT) leads on 5. 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.