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Held by 393 of 5,944 reporting institutions (96th percentile) — extremely crowded.
Data as of Q1 2026
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Total shares institutions bought (green) vs sold (red) each quarter across all holders.
Inferred from quarter-over-quarter change in each fund's 13F position (new stakes count as buys, exits as sells). Not tick-level trades.
Solve the discounted cash flow backwards, then stress-test the assumptions.
To be worth $30.96 today, the market must believe free cash flow compounds 14.2%/yr for a decade (off $447M normalized FCF).
The market's 14.2% is more optimistic than its 9-yr track record.
2-stage DCF · 0.20B shares · net debt $8.1B
mean 1.7% · volatility σ 38% · implied rate exceeded in 4/9 yrs
Central path = implied 14.2%/yr growth; shaded band = ±1σ (38%) of this company's historical FCF volatility, widening with time. The wider the band, the less certain the growth.
Reverse DCF: rather than guessing a fair value, we solve for the growth the current price implies, then you stress-test the assumptions. Enterprise value of the FCF stream, less net debt, ÷ shares. Educational — not a recommendation.
No trend data available for this metric.
Total return (dividends reinvested) vs the market, from quarter-end prices.
Above 0 = ahead of the S&P 500 since the window start; below 0 = behind. Rising means it's pulling ahead.
How far the stock fell below its prior peak. Deeper, longer drawdowns = a rougher ride to the same return.
Quarter-end, dividend-adjusted (total return). Beta & volatility from quarterly returns (annualized). Benchmark is the S&P 500 (SPY total return). Annual returns compound the quarters ending in each calendar year; the first and last years in a window may be partial. Past performance doesn't predict future results.
Top 40 institutional holders — bubble size is position value, color is the move since last quarter. Hover any holder for detail.
Drag any bubble to rearrange · size = dollar value of the position
Ranked against 95 sector peers with collected financials. Valuation from latest close × latest fiscal-year fundamentals; 13F conviction as of 2026-03-31.
Percentile is “goodness” within the peer set (100 = best). For valuation and leverage that means cheaper / less-levered ranks higher.
| Company | Mkt cap ▼ | P/E | EV/EBITDA | P/S | Rev gr | Gross | Net | ROE | ROIC | Net D/EBITDA | 13F |
|---|---|---|---|---|---|---|---|---|---|---|---|
| GEV | $249.3B | 52.3× | 124.5× | 6.5× | 9.0% | 19.8% | 12.8% | 43.7% | 43.4% | 0.0× | 2,989 |
| NEE | $169.3B | 24.6× | — | 6.6× | 9.8% | — | 26.5% | 12.5% | 4.6% | — | 2,911 |
| SO | $95.7B | 22.1× | — | 3.2× | 10.6% | — | 14.7% | 12.1% | 11.8% | — | 2,268 |
| DUK | $92.2B | 18.8× | 10.7× | 2.9× | 5.6% | — | 15.7% | 9.6% | 3.7% | 5.1× | 2,360 |
| CEG | $82.0B | 35.5× | 21.5× | 3.2× | 8.3% | — | 9.1% | 16.0% | 9.9% | 2.2× | 1,836 |
| AEP | $65.8B | 18.3× | 12.9× | 3.0× | 10.9% | — | 16.9% | 11.9% | 4.8% | 5.3× | 1,854 |
| D | $56.5B | 18.6× | — | 3.4× | 14.2% | — | 18.2% | 10.3% | 3.8% | — | 1,421 |
| SRE | $53.6B | 29.9× | — | 3.9× | 3.9% | — | 13.4% | 5.8% | 5.1% | — | 1,217 |
| VST | $48.5B | 65.8× | 17.1× | 2.7× | 3.0% | — | 5.3% | 18.5% | 3.9% | 4.8× | 1,246 |
| XEL | $45.9B | 21.5× | — | — | — | — | — | 8.5% | 3.5% | — | 1,208 |
| ETR | $45.7B | 26.4× | 13.1× | 3.5× | 9.0% | — | 13.7% | 10.5% | 3.9% | 5.2× | 1,224 |
| EXC | $43.6B | — | 11.1× | 1.8× | 5.3% | — | 11.4% | 9.6% | 3.6% | 5.9× | 1,230 |
| ED | $38.7B | 19.0× | — | 2.3× | 10.9% | — | 12.0% | 8.4% | 4.0% | — | 1,368 |
| PEG | $35.3B | 16.8× | — | 2.9× | 18.3% | — | 17.3% | 12.4% | 5.3% | — | 1,231 |
| WEC | $34.1B | 21.8× | 14.6× | 3.5× | 14.0% | 66.7% | 15.9% | 11.1% | 4.5% | 5.5× | 1,310 |
| AEE | $28.7B | 19.4× | — | 3.3× | 15.4% | — | 16.6% | 10.9% | 4.5% | — | 884 |
| AWK | $27.0B | 24.3× | 10.3× | 5.3× | 10.1% | — | 21.7% | 10.3% | 8.9% | 0.6× | 1,100 |
| FE | $26.4B | 26.0× | 6.9× | 1.8× | 12.0% | — | 6.8% | 8.2% | 7.9% | 0.1× | 894 |
| ATO | $26.2B | 21.7× | 11.3× | 5.6× | 12.9% | — | 25.5% | 8.8% | 8.8% | — | 961 |
| ES | $25.9B | 15.1× | 10.0× | 1.9× | 13.8% | — | 12.5% | 10.5% | 3.8% | 5.2× | 1,012 |
| PPL | $25.2B | 21.1× | 12.4× | 2.8× | 6.9% | — | 13.1% | 7.9% | 3.5% | 5.4× | 947 |
| CNP | $25.2B | 24.1× | 12.7× | 2.7× | 8.3% | 100.0% | 11.2% | 9.4% | 3.3% | 5.8× | 774 |
| EIX | $21.4B | 4.8× | 5.8× | 1.1× | 9.8% | — | 23.1% | 25.4% | 8.0% | 3.7× | 1,005 |
| CMS | $20.3B | 18.8× | 12.7× | 2.4× | 13.6% | — | 12.5% | 11.7% | 3.8% | 6.2× | 762 |
| NRG | $20.2B | 26.5× | 9.8× | 0.7× | 9.2% | — | 2.8% | 51.4% | 4.8% | 5.1× | 1,010 |
| CWEN | $6.3B | — | 17.1× | 4.4× | 4.2% | 62.9% | 11.8% | 2.9% | 1.2% | 9.9× | 393 |
Peers = companies sharing CWEN's sector (Utilities) with collected SEC financials. Multiples use the most recent end-of-day close and latest fiscal-year fundamentals (trailing, not forward). Missing cells mean the peer never reported that line item, has no collected price, or has a non-positive denominator. Not investment advice.
EOD close · as of 2026-09-17
How a revenue dollar becomes profit — FY2025
Each value shows its share of revenue below it (common-size).
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.43B 100.0% | $1.37B 100.0% | $1.31B 100.0% | $1.19B 100.0% | $1.29B 100.0% | $1.20B 100.0% | $1.03B 100.0% | $1.05B 100.0% | $1.01B 100.0% | $1.03B 100.0% |
| Cost of Revenue | $530.0M 37.1% | $501.0M 36.5% | $473.0M 36.0% | $435.0M 36.6% | $451.0M 35.1% | $366.0M 30.5% | $337.0M 32.7% | $327.0M 31.1% | $326.0M 32.3% | $308.0M 29.8% |
| Selling, General & Admin | $41.0M 2.9% | $39.0M 2.8% | $36.0M 2.7% | $40.0M 3.4% | $40.0M 3.1% | $34.0M 2.8% | $29.0M 2.8% | $20.0M 1.9% | $19.0M 1.9% | $16.0M 1.5% |
| Total Operating Expenses | $1.27B 88.8% | $1.18B 85.7% | $1.05B 80.0% | $1.01B 85.0% | $1.02B 79.2% | $866.0M 72.2% | $808.0M 78.3% | $706.0M 67.0% | $326.0M 32.3% | $308.0M 29.8% |
| Operating Income | $160.0M 11.2% | $196.0M 14.3% | $263.0M 20.0% | $1.47B 123.5% | $267.0M 20.8% | $333.0M 27.8% | $224.0M 21.7% | $347.0M 33.0% | $283.0M 28.0% | $222.0M 21.4% |
| Interest Expense | $387.0M 27.1% | $307.0M 22.4% | $337.0M 25.6% | $232.0M 19.5% | $312.0M 24.3% | $415.0M 34.6% | $404.0M 39.1% | $306.0M 29.1% | $307.0M 30.4% | $284.0M 27.4% |
| Other Income (Expense), net | -$335.0M -23.4% | -$229.0M -16.7% | -$279.0M -21.2% | -$188.0M -15.8% | -$330.0M -25.7% | -$387.0M -32.3% | -$328.0M -31.8% | -$231.0M -21.9% | -$235.0M -23.3% | -$221.0M -21.4% |
| Pretax Income | -$175.0M -12.2% | -$33.0M -2.4% | -$16.0M -1.2% | $1.28B 107.7% | -$63.0M -4.9% | -$54.0M -4.5% | -$104.0M -10.1% | $116.0M 11.0% | $48.0M 4.8% | $1.0M 0.1% |
| Income Tax Expense | $56.0M 3.9% | $30.0M 2.2% | -$2.0M -0.2% | $222.0M 18.7% | $12.0M 0.9% | $8.0M 0.7% | -$8.0M -0.8% | $62.0M 5.9% | $72.0M 7.1% | -$1.0M -0.1% |
| Net Income | $169.0M 11.8% | $88.0M 6.4% | $79.0M 6.0% | $582.0M 48.9% | $51.0M 4.0% | $25.0M 2.1% | -$11.0M -1.1% | $48.0M 4.6% | -$16.0M -1.6% | $2.0M 0.2% |
| Per Share | ||||||||||
| EPS (Basic) | — | $0.75 | $0.67 | $4.99 | $0.44 | $0.22 | — | — | — | — |
| EPS (Diluted) | — | $0.75 | $0.67 | $4.99 | $0.44 | $0.22 | — | — | — | — |
| Weighted Avg Shares (Diluted) | 35.0M | 35.0M | 35.0M | 35.0M | 35.0M | 35.0M | — | — | — | — |
Source: SEC EDGAR XBRL filings (annual, fiscal year). Quarterly flow items are derived from cumulative filings; balance-sheet figures are as-of each period end. Ratios and margins are computed, not reported.
Is the value real, and is the business safe? Academic scores + earnings quality + solvency, from SEC filings.
Safe > 2.99 · grey 1.81–2.99 · distress < 1.81
Eight indices comparing this year to last (receivables, margins, asset quality, growth, accruals, leverage). Above −1.78 suggests possible manipulation; below −2.22 is clean.
A screen, not proof — high growth alone can raise it.
Earnings are backed by cash (FCF ≥ net income) — high quality. Lower/negative accruals = higher quality (Sloan).
Interest coverage is thin — monitor; leverage rising year-over-year.
F-Score (0–9 fundamental momentum), Altman Z (distress risk), and Beneish M (earnings-manipulation screen) are academic models computed from the SEC filings. Screens and context — educational, not recommendations.
What the company returns to shareholders — and whether it's covered by cash.
No dividend to cover. Last year: $0 dividends + $0 buybacks = $0 returned on $369M FCF.
Yields use the latest fiscal-year dividends/buybacks over current market cap. Dividends and buybacks from the SEC cash-flow statement; payout coverage vs net income and free cash flow. Educational — not a recommendation.
How management deployed cash over 10 years — and what it earned on reinvestment.
A reinvestment story — most cash went back into growth rather than to shareholders.
Operating income fell despite reinvestment — a warning on capital productivity. Current ROIC on all capital: 1%. Rough measure (includes maintenance capex).
Cash uses aggregated from the SEC cash-flow statement over 10 fiscal years. "Return on reinvestment" is a rough proxy — operating-income change ÷ cumulative CapEx + M&A — and includes maintenance capex. Educational — not a recommendation.
How much the company owes, how it's trended, and how comfortably it's serviced.
Cash of $231M is below the $1.1B due within a year — relies on refinancing or operating cash flow. Scheduled principal only (excludes interest & revolver draws). As of 2025-12-31 (10-K).
Green ≤ 1.5× · amber ≤ 3× · red > 3× (leverage relative to cash earnings).
Thin coverage — earnings barely cover interest. Effective rate ~4.6% on $8.3B of debt.
Cash of $231M is below short-term debt of $431M — relies on refinancing/operations.
Mostly long-term debt (balance-sheet current vs non-current split). See the maturity ladder above for the year-by-year repayment schedule.
Debt, cash, interest and equity from the SEC balance sheet & income statement. Effective rate = interest ÷ average debt. Maturity ladder from the SEC long-term-debt repayment schedule. Educational — not a recommendation.
EOD close · as of 2026-09-17
Where each multiple sits in its own 13-yr range · 73th pct blended
Dot = today · shaded = middle 50% · line = median. Lower percentile = cheaper vs its own 13-yr history.
Is the profit real, and how strong is the balance sheet?
FY2025 · every deduction from revenue to net income
DuPont — the three levers
Watch the leverage lever — a chunk of ROE comes from the balance sheet.
What the company owes vs. what it holds
Year-by-year maturities aren't in SEC companyfacts (footnote-only), so this shows the debt/cash structure and net leverage instead.
Latest year: profit growth vs revenue growth
Profit and sales moved in opposite directions this year.
Each line as % of revenue — the trend in color
| % of revenue | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|
| Cost of Revenue | 31.1 | 32.7 | 30.5 | 35.1 | 36.6 | 36.0 | 36.5 | 37.1 |
| SG&A | 1.9 | 2.8 | 2.8 | 3.1 | 3.4 | 2.7 | 2.8 | 2.9 |
| Operating Income | 33.0 | 21.7 | 27.8 | 20.8 | 123.5 | 20.0 | 14.3 | 11.2 |
| Income Tax | 5.9 | -0.8 | 0.7 | 0.9 | 18.7 | -0.2 | 2.2 | 3.9 |
| Net Income | 4.6 | -1.1 | 2.1 | 4.0 | 48.9 | 6.0 | 6.4 | 11.8 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on CWEN: price, valuation, headline fundamentals, and an auto-generated scorecard from SEC filings. Flags are rule-based signals, not recommendations.