Renewable Utilities
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RNW vs CWEN vs BEP
Revenue, margins, valuation, and 5-year total return — side by side.
Renewable Utilities
Renewable Utilities
RNW vs CWEN vs BEP — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | |||
|---|---|---|---|
| Industry | Renewable Utilities | Renewable Utilities | Renewable Utilities |
| Market Cap | $1.33B | $7.84B | $10.57B |
| Revenue (TTM) | $129.66B | $1.43B | $6.43B |
| Net Income (TTM) | $11.97B | $169M | $212M |
| Gross Margin | 77.9% | 50.3% | 44.8% |
| Operating Margin | 48.4% | 12.0% | 13.3% |
| Forward P/E | 0.4x | 26.9x | — |
| Total Debt | $732.28B | $10.20B | $35.73B |
| Cash & Equiv. | $40.42B | $818M | $2.31B |
RNW vs CWEN vs BEP — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | Feb 21 | May 26 | Return |
|---|---|---|---|
| ReNew Energy Global… (RNW) | 100 | 49.1 | -50.9% |
| Clearway Energy, In… (CWEN) | 100 | 138.9 | +38.9% |
| Brookfield Renewabl… (BEP) | 100 | 81.8 | -18.2% |
Price return only. Dividends and distributions are not included.
Quick Verdict: RNW vs CWEN vs BEP
Each card shows where this stock fits in a portfolio — not just who wins on paper.
RNW has the current edge in this matchup, primarily because of its strength in growth exposure.
- Rev growth 19.4%, EPS growth 10.1%, 3Y rev CAGR 17.8%
- 19.4% revenue growth vs CWEN's 4.2%
- Better valuation composite
CWEN is the clearest fit if your priority is income & stability and long-term compounding.
- Dividend streak 2 yrs, beta 0.54, yield 7.9%
- 237.4% 10Y total return vs BEP's 199.1%
- Lower volatility, beta 0.54, current ratio 1.13x
BEP is the clearest fit if your priority is momentum.
- +60.8% vs RNW's -17.7%
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 19.4% revenue growth vs CWEN's 4.2% | |
| Value | Better valuation composite | |
| Quality / Margins | 11.8% margin vs BEP's 3.3% | |
| Stability / Safety | Beta 0.54 vs BEP's 0.85 | |
| Dividends | 7.9% yield, 2-year raise streak, vs BEP's 11.7%, (1 stock pays no dividend) | |
| Momentum (1Y) | +60.8% vs RNW's -17.7% | |
| Efficiency (ROA) | 1.2% ROA vs BEP's 0.2%, ROIC 4.9% vs 0.9% |
RNW vs CWEN vs BEP — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
Segment breakdown not available.
RNW vs CWEN vs BEP — Financial Metrics
Side-by-side numbers across 3 stocks — who leads on profitability, valuation, growth, and risk.
Income & Cash Flow (Last 12 Months)
RNW leads this category, winning 3 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
RNW is the larger business by revenue, generating $129.7B annually — 90.7x CWEN's $1.4B. CWEN is the more profitable business, keeping 11.8% of every revenue dollar as net income compared to BEP's 3.3%. On growth, RNW holds the edge at +37.2% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | |||
|---|---|---|---|
| RevenueTrailing 12 months | $129.7B | $1.4B | $6.4B |
| EBITDAEarnings before interest/tax | $86.9B | $1.0B | $3.3B |
| Net IncomeAfter-tax profit | $12.0B | $169M | $212M |
| Free Cash FlowCash after capex | -$23.8B | $268M | -$8.3B |
| Gross MarginGross profit ÷ Revenue | +77.9% | +50.3% | +44.8% |
| Operating MarginEBIT ÷ Revenue | +48.4% | +12.0% | +13.3% |
| Net MarginNet income ÷ Revenue | +9.2% | +11.8% | +3.3% |
| FCF MarginFCF ÷ Revenue | -18.4% | +18.8% | -128.7% |
| Rev. Growth (YoY)Latest quarter vs prior year | +37.2% | +21.1% | +9.1% |
| EPS Growth (YoY)Latest quarter vs prior year | +94.8% | -35.3% | +25.3% |
Valuation Metrics
Evenly matched — RNW and BEP each lead in 2 of 4 comparable metrics.
Valuation Metrics
At 26.9x trailing earnings, CWEN trades at a 43% valuation discount to RNW's 46.9x P/E. On an enterprise value basis, RNW's 11.3x EV/EBITDA is more attractive than CWEN's 16.2x.
| Metric | |||
|---|---|---|---|
| Market CapShares × price | $1.3B | $7.8B | $10.6B |
| Enterprise ValueMkt cap + debt − cash | $8.6B | $17.2B | $44.0B |
| Trailing P/EPrice ÷ TTM EPS | 46.91x | 26.86x | -512.46x |
| Forward P/EPrice ÷ next-FY EPS est. | 0.40x | — | — |
| PEG RatioP/E ÷ EPS growth rate | — | 0.59x | — |
| EV / EBITDAEnterprise value multiple | 11.27x | 16.23x | 13.18x |
| Price / SalesMarket cap ÷ Revenue | 1.30x | 5.48x | 1.62x |
| Price / BookPrice ÷ Book value/share | 1.43x | 0.77x | 0.28x |
| Price / FCFMarket cap ÷ FCF | — | 21.24x | — |
Profitability & Efficiency
RNW leads this category, winning 5 of 9 comparable metrics.
Profitability & Efficiency
RNW delivers a 8.4% return on equity — every $100 of shareholder capital generates $8 in annual profit, vs $1 for BEP. BEP carries lower financial leverage with a 1.02x debt-to-equity ratio, signaling a more conservative balance sheet compared to RNW's 5.59x. On the Piotroski fundamental quality scale (0–9), BEP scores 5/9 vs CWEN's 4/9, reflecting solid financial health.
| Metric | |||
|---|---|---|---|
| ROE (TTM)Return on equity | +8.4% | +3.0% | +0.6% |
| ROA (TTM)Return on assets | +1.2% | +1.1% | +0.2% |
| ROICReturn on invested capital | +4.9% | +0.9% | +0.9% |
| ROCEReturn on capital employed | +6.9% | +1.2% | +1.1% |
| Piotroski ScoreFundamental quality 0–9 | 4 | 4 | 5 |
| Debt / EquityFinancial leverage | 5.59x | 1.72x | 1.02x |
| Net DebtTotal debt minus cash | $691.9B | $9.4B | $33.4B |
| Cash & Equiv.Liquid assets | $40.4B | $818M | $2.3B |
| Total DebtShort + long-term debt | $732.3B | $10.2B | $35.7B |
| Interest CoverageEBIT ÷ Interest expense | 86.76x | 0.55x | 1.04x |
Total Returns (Dividends Reinvested)
CWEN leads this category, winning 4 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in CWEN five years ago would be worth $17,246 today (with dividends reinvested), compared to $5,427 for RNW. Over the past 12 months, BEP leads with a +60.8% total return vs RNW's -17.7%. The 3-year compound annual growth rate (CAGR) favors CWEN at 12.8% vs RNW's 1.5% — a key indicator of consistent wealth creation.
| Metric | |||
|---|---|---|---|
| YTD ReturnYear-to-date | -7.8% | +13.7% | +25.1% |
| 1-Year ReturnPast 12 months | -17.7% | +39.6% | +60.8% |
| 3-Year ReturnCumulative with dividends | +4.4% | +43.5% | +23.4% |
| 5-Year ReturnCumulative with dividends | -45.7% | +72.5% | +12.6% |
| 10-Year ReturnCumulative with dividends | -50.5% | +237.4% | +199.1% |
| CAGR (3Y)Annualised 3-year return | +1.5% | +12.8% | +7.3% |
Risk & Volatility
Evenly matched — CWEN and BEP each lead in 1 of 2 comparable metrics.
Risk & Volatility
CWEN is the less volatile stock with a 0.54 beta — it tends to amplify market swings less than BEP's 0.85 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. BEP currently trades 96.0% from its 52-week high vs RNW's 65.5% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | |||
|---|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.62x | 0.54x | 0.85x |
| 52-Week HighHighest price in past year | $8.24 | $41.54 | $35.97 |
| 52-Week LowLowest price in past year | $4.38 | $27.67 | $22.27 |
| % of 52W HighCurrent price vs 52-week peak | +65.5% | +91.8% | +96.0% |
| RSI (14)Momentum oscillator 0–100 | 64.1 | 45.9 | 57.2 |
| Avg Volume (50D)Average daily shares traded | 734K | 828K | 875K |
Analyst Outlook
Evenly matched — CWEN and BEP each lead in 1 of 2 comparable metrics.
Analyst Outlook
Analyst consensus: RNW as "Buy", CWEN as "Buy", BEP as "Buy". Consensus price targets imply 20.7% upside for RNW (target: $7) vs 1.8% for BEP (target: $35). For income investors, BEP offers the higher dividend yield at 11.70% vs CWEN's 7.89%.
| Metric | |||
|---|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy | Buy |
| Price TargetConsensus 12-month target | $6.52 | $43.67 | $35.17 |
| # AnalystsCovering analysts | 6 | 16 | 20 |
| Dividend YieldAnnual dividend ÷ price | — | +7.9% | +11.7% |
| Dividend StreakConsecutive years of raises | 1 | 2 | 1 |
| Dividend / ShareAnnual DPS | — | $3.01 | $4.04 |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | 0.0% | 0.0% |
RNW leads in 2 of 6 categories (Income & Cash Flow, Profitability & Efficiency). CWEN leads in 1 (Total Returns). 3 tied.
RNW vs CWEN vs BEP: Key Questions Answered
10 questions · data-driven answers · updated daily
01Is RNW or CWEN or BEP a better buy right now?
For growth investors, ReNew Energy Global Plc (RNW) is the stronger pick with 19.
4% revenue growth year-over-year, versus 4. 2% for Clearway Energy, Inc. (CWEN). Clearway Energy, Inc. (CWEN) offers the better valuation at 26. 9x trailing P/E, making it the more compelling value choice. Analysts rate ReNew Energy Global Plc (RNW) a "Buy" — based on 6 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — RNW or CWEN or BEP?
On trailing P/E, Clearway Energy, Inc.
(CWEN) is the cheapest at 26. 9x versus ReNew Energy Global Plc at 46. 9x.
03Which is the better long-term investment — RNW or CWEN or BEP?
Over the past 5 years, Clearway Energy, Inc.
(CWEN) delivered a total return of +72. 5%, compared to -45. 7% for ReNew Energy Global Plc (RNW). Over 10 years, the gap is even starker: CWEN returned +237. 4% versus RNW's -50. 5%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — RNW or CWEN or BEP?
By beta (market sensitivity over 5 years), Clearway Energy, Inc.
(CWEN) is the lower-risk stock at 0. 54β versus Brookfield Renewable Partners L. P. 's 0. 85β — meaning BEP is approximately 58% more volatile than CWEN relative to the S&P 500. On balance sheet safety, Brookfield Renewable Partners L. P. (BEP) carries a lower debt/equity ratio of 102% versus 6% for ReNew Energy Global Plc — giving it more financial flexibility in a downturn.
05Which is growing faster — RNW or CWEN or BEP?
By revenue growth (latest reported year), ReNew Energy Global Plc (RNW) is pulling ahead at 19.
4% versus 4. 2% for Clearway Energy, Inc. (CWEN). On earnings-per-share growth, the picture is similar: Brookfield Renewable Partners L. P. grew EPS 92. 4% year-over-year, compared to 10. 1% for ReNew Energy Global Plc. Over a 3-year CAGR, RNW leads at 17. 8% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — RNW or CWEN or BEP?
Clearway Energy, Inc.
(CWEN) is the more profitable company, earning 11. 8% net margin versus -0. 3% for Brookfield Renewable Partners L. P. — meaning it keeps 11. 8% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: RNW leads at 53. 5% versus 12. 3% for CWEN. At the gross margin level — before operating expenses — RNW leads at 91. 1%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is RNW or CWEN or BEP more undervalued right now?
Analyst consensus price targets imply the most upside for RNW: 20.
7% to $6. 52.
08Which pays a better dividend — RNW or CWEN or BEP?
In this comparison, BEP (11.
7% yield), CWEN (7. 9% yield) pay a dividend. RNW does not pay a meaningful dividend and should not be held primarily for income.
09Is RNW or CWEN or BEP better for a retirement portfolio?
For long-horizon retirement investors, Clearway Energy, Inc.
(CWEN) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 54), 7. 9% yield, +237. 4% 10Y return). Both have compounded well over 10 years (CWEN: +237. 4%, RNW: -50. 5%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between RNW and CWEN and BEP?
Both stocks operate in the Utilities sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
In terms of investment character: RNW is a small-cap high-growth stock; CWEN is a small-cap income-oriented stock; BEP is a mid-cap income-oriented stock. CWEN, BEP pay a dividend while RNW does not, making them suitable for different income and tax situations. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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