Clearway Energy And 2 Clean Energy Stocks To Watch

Energy headlines today focus on rising oil costs for Europe, with the EU paying about €10b more each month for petroleum imports. Expensive fossil fuels increase the appeal of power sources that do not rely on overseas crude. That is where listed companies tied to solar, wind, hydro and tidal projects come in. This article highlights three US renewable energy stocks from that group.

These three renewable energy stocks are just a sample, and the full screen on Simply Wall St surfaced 20 more companies with equally compelling narratives that are not covered here. To identify and analyze the highest conviction opportunities in this space, head straight into the Renewable (solar, wind, hydro or tidal) Energy screener.

Clearway Energy is a large US-based power producer that fits this screener because most of its assets are wind, solar and battery projects that supply contracted clean electricity to utilities and big corporate buyers.

Clearway Energy operates about 12.9 GW of capacity across the US. Around US$1.3b of revenue comes from the Renewables & Storage segment and US$320 million from Flexible Generation, with a market cap near US$6.7b.

“Rising long-term power demand from data centers and large technology customers, including multi decade PPAs with hyperscalers and Google, supports a larger contracted asset base that can increase revenue visibility and support future earnings growth.”

What really matters now is how pressure on its capital costs and funding mix shapes the durability of those future cash flows.

Those funding pressures sit at the heart of the full narrative for Clearway Energy, which lays out what could accelerate Clearway Energy or quietly cap its upside.

Ormat Technologies gives this renewable screen exposure to geothermal power projects and related equipment, linking earth heat into grid-scale clean electricity in a way few listed players match.

Ormat Technologies generates about US$705 million from its Electricity segment, US$349 million from Product activities, and US$134 million from Energy Storage, with a market cap near US$5.7b.

“Recent federal permitting reforms and policy support have significantly expedited geothermal project development timelines in the U.S., enabling Ormat Technologies to accelerate greenfield expansion and release more projects for construction, which could support faster growth in electricity revenue and long term cash flows.”

What really moves the needle for Ormat Technologies now is how one pressure on future project economics plays out against that policy tailwind.

How that pressure reshapes future project returns is exactly what the full narrative for Ormat Technologies unpacks. This includes where current policy tailwinds may be masking bigger upside or risk.

ReNew Energy Global gives this renewable screen direct exposure to utility scale wind and solar projects in India, while also tying in solar module manufacturing and grid related services that extend its reach across the clean power value chain.

ReNew Energy Global develops and operates utility scale wind and solar projects in India and provides related services such as equipment manufacturing and power sector support activities. It generates ₹137,779 million of revenue in India and has a market cap of about US$2.5b.

“ReNew Energy Global is still positioned to benefit from rising global and corporate decarbonization demands as it scales its renewable operating base.”

What really matters now is how one pressure on the returns from that expanding clean power and manufacturing platform actually plays out.

That tension around future returns is exactly what the full narrative for ReNew Energy Global pulls apart, highlighting where accelerating demand could be masking both risk and surprisingly powerful upside.

Curious About Alternative Opportunities?

Fresh ideas move first. Before the next breakout gathers momentum and gets caught by the crowd, scan the under the radar lists while it matters and get in early.

• Spot cash rich businesses that still look overlooked by the market by running the 19 high quality undiscovered gems before that neglect disappears.

• Track high yielding companies where payouts and balance sheets both look solid by checking the 6 dividend fortresses while prices have not fully reflected that strength.

• Zero in on companies built for resilience instead of drama by filtering through the 32 resilient stocks with low risk scores before calmer names start attracting fast money.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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