Analyst Ratings

Date	Action	Analyst	Rating	Target
May-27-26	Reiterated	Morgan Stanley	Overweight	$56 → $60
Apr-14-26	Reiterated	Morgan Stanley	Overweight	$50 → $56
Apr-09-26	Reiterated	Deutsche Bank		$42 → $41
Feb-24-26	Reiterated	UBS	Buy	$40 → $45
Feb-24-26	Reiterated	RBC Capital	Outperform	$36 → $42
Dec-17-25	Upgrade	CIBC	Neutral → Outperform	$38
Dec-10-25	Reiterated	UBS	Buy	$35 → $39
Dec-02-25	Reiterated	Morgan Stanley	Overweight	$36 → $50
Nov-24-25	Reiterated	Roth Capital	Buy	$39 → $40
Nov-05-25	Reiterated	Roth Capital	Buy	$38 → $39

Financial Statements

DataTimeframe

Line Item (USD, M)	TTM —	FY 2025 12/31/2025	FY 2024 12/31/2024	FY 2023 12/31/2023
Total Revenue	1,485	1,429	1,371	Upgrade your experience to unlock full historical data
Cost of Goods Sold Incl. D&A	722	1,212	501
Gross Profit	763	217	870
Selling, General and Administrative Excl. Other	42	41	39
Research and Development	0	0	0
Other Operating Expense	526	0	635
Operating Income	195	176	196
Interest Expense	372	387	307
Unusual Expense	—	—	—
Non-Operating Income (Expense)	-36	-36	-78
Net Income Before Taxes	-141	-175	-33
Income Taxes	54	56	30
Consolidated Net Income	2	169	88
Net Income From Continuing Operations	-195	-231	-63
Net Income	2	169	88
EPS (Recurring)	0.04	1.42	0.75
EPS (Basic, Before Extraordinaries)	0.04	1.42	0.75
EPS (Diluted)	0.04	1.42	0.75
EBITDA	1,129	1,097	1,083
Other After Tax Adjustments	—	—	—
Stock Option Compensation Expense	—	—	—
Price To Earnings Ratio	935.50	23.42	—
Price To Sales Ratio	3.00	2.77	—
Gross Margin	51.38	15.19	63.46
Operating Margin	13.13	12.32	14.30
Net Margin	0.13	11.83	6.42
Shares Outstanding	119	119	118
Market Capitalization	4,453	3,958	—
Operating Lease Expense	—	—	—

Insider Trading

Insider	Relationship	Date	Transaction	Cost	#Shares	Value ($)	#Shares Total	SEC Form 4
Malcarney Kevin P.	EVP, GEN COUNSEL AND CORP SECR	Apr 15 '26	Option Exercise	0.00	7,086	0	90,734	Apr 17 12:00 AM
Rubenstein Sarah	EVP AND CFO	Apr 15 '26	Option Exercise	0.00	6,629	0	52,945	Apr 17 12:00 AM
Rubenstein Sarah	EVP AND CFO	Apr 15 '25	Option Exercise	0.00	2,399	0	36,880	Apr 17 12:00 AM
Malcarney Kevin P.	EVP, GEN COUNSEL AND CORP SECR	Apr 15 '25	Option Exercise	0.00	2,952	0	80,888	Apr 17 12:00 AM
Ford Brian R.	Director	Dec 11 '24	Sale	26.74	2,000	53,486	8,153	Dec 13 12:00 AM
ONEAL E STANLEY	Director	Aug 09 '24	Buy	28.35	3,000	85,045	67,842	Aug 13 12:00 AM
Malcarney Kevin P.	EVP, GEN COUNSEL AND CORP SECR	Apr 15 '24	Option Exercise	0.00	5,472	0	73,893	Apr 17 12:00 AM
Sotos Christopher S	PRESIDENT AND CEO	Apr 15 '24	Option Exercise	0.00	24,085	0	358,498	Apr 17 12:00 AM
TotalEnergies SE	director, 10 percent owner:	Mar 28 '24	Buy	22.86	196,964	4,502,833	295,235	Apr 01 12:00 AM
Global Infrastructure Investors III, LLC	director, 10 percent owner:	Mar 28 '24	Buy	22.86	196,964	4,502,833	295,235	Apr 01 12:00 AM
Sotos Christopher S	PRESIDENT AND CEO	Aug 14 '23	Buy	23.68	4,000	94,720	31,100	Aug 16 12:00 AM
Malcarney Kevin P.	EVP, GEN COUNSEL AND CORP SECR	Apr 15 '23	Option Exercise	0.00	18,467	0	72,069	Apr 18 12:00 AM
Sotos Christopher S	PRESIDENT AND CEO	Apr 15 '23	Option Exercise	0.00	96,873	0	349,578	Apr 18 12:00 AM
TotalEnergies SE	director, 10 percent owner:	Mar 31 '23	Buy	31.15	71,980	2,242,350	172,601	Apr 04 12:00 AM
Global Infrastructure Investors III, LLC	director, 10 percent owner:	Mar 31 '23	Buy	31.15	71,980	2,242,350	172,601	Apr 04 12:00 AM


Market Cap	7.56B	Forward P/E	41.51	EPS next Y	0.90	Insider Trans	0.01%	Shs Float	-	Perf Month	3.77%


Enterprise Value	17.17B	PEG	-	EPS next Q	0.36	Inst Own	-	Short Float	-	Perf Quarter	-5.72%


Income	3.78M	P/S	5.09	EPS this Y	-2541.80%	Inst Trans	-	Short Ratio	-	Perf Half Y	15.57%


Sales	1.49B	P/B	0.80	EPS next Y	192.30%	ROA	0.01%	Short Interest	-	Perf YTD	12.51%


Book/sh	27.13	P/C	4.40	EPS next 5Y	-	ROE	0.05%	52W High	41.74 -10.35%	Perf Year	18.27%


Cash/sh	1.58	P/FCF	12.89	EPS past 3/5Y	-	ROIC	1.18%	52W Low	27.67 35.24%	Perf 3Y	-


Dividend Est.	1.83 (4.88%)	EV/EBITDA	15.21	Sales past 3/5Y	6.29% 3.57%	Gross Margin	51.38%	Volatility	1.99% 2.17%	Perf 5Y	-


Dividend TTM	1.83 (4.88%)	EV/Sales	11.56	EPS Y/Y TTM	-94.67%	Oper. Margin	13.13%	ATR (14)	1.26	Perf 10Y	-


Dividend Ex-Date	Jun 01, 2026	Quick Ratio	1.02	Sales Y/Y TTM	8.32%	Profit Margin	0.13%	RSI (14)	43.43	Recom	2.17


Dividend Gr. 3/5Y	7.38% 10.97%	Current Ratio	1.11	EPS Q/Q	-	SMA20	-4.35%	Beta	0.74	Target Price	47.00


Payout	18300.00%	Debt/Eq	1.81	Sales Q/Q	18.79%	SMA50	-3.96%	Rel Volume	7.17	Prev Close	36.77


Employees	60	LT Debt/Eq	1.60	Earnings	Aug 04	SMA200	5.03%	Avg Volume	1.21M	Price	37.42


IPO Date	May 15, 2015	Option/Short	Yes / Yes	EPS/Sales Surpr.	-200.00% 3.81%	Net Debt/EBITDA	8.52	Volume	8,648,582	Change	1.77%

CWEN