Clearway Net Receivables vs Net Invested Capital Analysis

CWEN Stock

USD 28.70 0.35 1.23%

Clearway Energy financial indicator trend analysis is way more than just evaluating Clearway Energy Class prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Clearway Energy Class is a good investment. Please check the relationship between Clearway Energy Net Receivables and its Net Invested Capital accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Clearway Energy Class. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

Net Receivables vs Net Invested Capital

Net Receivables vs Net Invested Capital Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Clearway Energy Class Net Receivables account and Net Invested Capital. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Clearway Energy's Net Receivables and Net Invested Capital is 0.82. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Net Invested Capital in the same time period over historical financial statements of Clearway Energy Class, assuming nothing else is changed. The correlation between historical values of Clearway Energy's Net Receivables and Net Invested Capital is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Receivables of Clearway Energy Class are associated (or correlated) with its Net Invested Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Invested Capital has no effect on the direction of Net Receivables i.e., Clearway Energy's Net Receivables and Net Invested Capital go up and down completely randomly.

Correlation Coefficient

0.82

Relationship Direction	Positive
Relationship Strength	Strong

View All Relationships

Net Receivables

Net Invested Capital

The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.

Most indicators from Clearway Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Clearway Energy Class current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Clearway Energy Class. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

At this time, Clearway Energy's Tax Provision is very stable compared to the past year. As of the 26th of November 2024, Sales General And Administrative To Revenue is likely to grow to 0.04, while Selling General Administrative is likely to drop about 23.2 M.

	2021	2022	2023	2024 (projected)
Interest Expense	312M	232M	337M	245.9M
Depreciation And Amortization	664M	701M	727M	387.2M

Interest Expense Depreciation And Amortization

Clearway Energy fundamental ratios Correlations

	Common Stock Shares Outstanding	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Long Term Debt	Cash And Short Term Investments	Net Receivables	Short Term Investments	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross
Common Stock Shares Outstanding		0.9	0.89	0.5	0.62	0.86	0.65	0.9	0.96	0.89	0.32	0.37	0.61	0.9	0.49	0.34	0.88	0.61	0.54	0.31	0.87	0.87	0.7	0.76	0.88	0.79
Total Assets	0.9		0.99	0.58	0.63	0.95	0.68	1.0	0.9	0.98	0.34	0.43	0.73	1.0	0.71	0.4	0.98	0.73	0.61	0.24	0.99	0.96	0.72	0.87	0.99	0.83
Short Long Term Debt Total	0.89	0.99		0.53	0.67	0.96	0.6	0.98	0.9	1.0	0.23	0.39	0.69	0.99	0.73	0.46	0.99	0.69	0.55	0.31	0.99	0.96	0.69	0.92	1.0	0.8
Other Current Liab	0.5	0.58	0.53		0.51	0.38	0.5	0.56	0.62	0.54	0.18	0.56	0.24	0.55	0.23	0.12	0.51	0.24	0.29	-0.03	0.54	0.35	0.9	0.33	0.57	0.45
Total Current Liabilities	0.62	0.63	0.67	0.51		0.56	0.32	0.61	0.68	0.69	-0.06	0.51	0.17	0.63	0.45	0.34	0.56	0.17	0.29	0.52	0.57	0.54	0.67	0.58	0.67	0.49
Total Stockholder Equity	0.86	0.95	0.96	0.38	0.56		0.57	0.94	0.82	0.95	0.28	0.32	0.71	0.96	0.67	0.52	0.97	0.71	0.5	0.24	0.95	0.97	0.56	0.92	0.95	0.76
Other Liab	0.65	0.68	0.6	0.5	0.32	0.57		0.69	0.64	0.58	0.85	0.39	0.65	0.66	0.31	-0.16	0.59	0.65	0.87	-0.07	0.63	0.59	0.71	0.38	0.62	0.9
Property Plant And Equipment Net	0.9	1.0	0.98	0.56	0.61	0.94	0.69		0.9	0.98	0.35	0.46	0.72	1.0	0.73	0.39	0.97	0.72	0.62	0.27	0.98	0.95	0.71	0.85	0.98	0.84
Current Deferred Revenue	0.96	0.9	0.9	0.62	0.68	0.82	0.64	0.9		0.9	0.28	0.35	0.61	0.9	0.53	0.26	0.88	0.61	0.5	0.34	0.88	0.83	0.77	0.76	0.9	0.77
Net Debt	0.89	0.98	1.0	0.54	0.69	0.95	0.58	0.98	0.9		0.2	0.41	0.65	0.99	0.74	0.48	0.99	0.65	0.54	0.33	0.98	0.96	0.7	0.92	1.0	0.79
Retained Earnings	0.32	0.34	0.23	0.18	-0.06	0.28	0.85	0.35	0.28	0.2		0.08	0.59	0.32	0.0	-0.4	0.23	0.59	0.68	-0.31	0.29	0.3	0.32	0.05	0.25	0.6
Accounts Payable	0.37	0.43	0.39	0.56	0.51	0.32	0.39	0.46	0.35	0.41	0.08		-0.01	0.42	0.43	0.17	0.36	-0.01	0.37	0.08	0.35	0.26	0.61	0.13	0.4	0.45
Cash	0.61	0.73	0.69	0.24	0.17	0.71	0.65	0.72	0.61	0.65	0.59	-0.01		0.72	0.41	-0.06	0.7	1.0	0.48	-0.06	0.74	0.75	0.35	0.57	0.69	0.61
Non Current Assets Total	0.9	1.0	0.99	0.55	0.63	0.96	0.66	1.0	0.9	0.99	0.32	0.42	0.72		0.73	0.42	0.98	0.72	0.6	0.27	0.99	0.97	0.7	0.88	0.99	0.83
Non Currrent Assets Other	0.49	0.71	0.73	0.23	0.45	0.67	0.31	0.73	0.53	0.74	0.0	0.43	0.41	0.73		0.46	0.73	0.41	0.49	0.26	0.72	0.71	0.37	0.71	0.72	0.59
Other Assets	0.34	0.4	0.46	0.12	0.34	0.52	-0.16	0.39	0.26	0.48	-0.4	0.17	-0.06	0.42	0.46		0.5	-0.06	0.03	0.32	0.44	0.48	0.15	0.67	0.45	0.16
Long Term Debt	0.88	0.98	0.99	0.51	0.56	0.97	0.59	0.97	0.88	0.99	0.23	0.36	0.7	0.98	0.73	0.5		0.7	0.55	0.24	0.99	0.97	0.66	0.93	0.99	0.79
Cash And Short Term Investments	0.61	0.73	0.69	0.24	0.17	0.71	0.65	0.72	0.61	0.65	0.59	-0.01	1.0	0.72	0.41	-0.06	0.7		0.48	-0.06	0.74	0.75	0.35	0.57	0.69	0.61
Net Receivables	0.54	0.61	0.55	0.29	0.29	0.5	0.87	0.62	0.5	0.54	0.68	0.37	0.48	0.6	0.49	0.03	0.55	0.48		0.0	0.57	0.59	0.58	0.44	0.56	0.91
Short Term Investments	0.31	0.24	0.31	-0.03	0.52	0.24	-0.07	0.27	0.34	0.33	-0.31	0.08	-0.06	0.27	0.26	0.32	0.24	-0.06	0.0		0.23	0.26	0.03	0.32	0.29	0.13
Non Current Liabilities Total	0.87	0.99	0.99	0.54	0.57	0.95	0.63	0.98	0.88	0.98	0.29	0.35	0.74	0.99	0.72	0.44	0.99	0.74	0.57	0.23		0.97	0.68	0.91	0.99	0.8
Inventory	0.87	0.96	0.96	0.35	0.54	0.97	0.59	0.95	0.83	0.96	0.3	0.26	0.75	0.97	0.71	0.48	0.97	0.75	0.59	0.26	0.97		0.54	0.93	0.96	0.79
Other Current Assets	0.7	0.72	0.69	0.9	0.67	0.56	0.71	0.71	0.77	0.7	0.32	0.61	0.35	0.7	0.37	0.15	0.66	0.35	0.58	0.03	0.68	0.54		0.5	0.72	0.73
Other Stockholder Equity	0.76	0.87	0.92	0.33	0.58	0.92	0.38	0.85	0.76	0.92	0.05	0.13	0.57	0.88	0.71	0.67	0.93	0.57	0.44	0.32	0.91	0.93	0.5		0.91	0.66
Total Liab	0.88	0.99	1.0	0.57	0.67	0.95	0.62	0.98	0.9	1.0	0.25	0.4	0.69	0.99	0.72	0.45	0.99	0.69	0.56	0.29	0.99	0.96	0.72	0.91		0.8
Property Plant And Equipment Gross	0.79	0.83	0.8	0.45	0.49	0.76	0.9	0.84	0.77	0.79	0.6	0.45	0.61	0.83	0.59	0.16	0.79	0.61	0.91	0.13	0.8	0.79	0.73	0.66	0.8

Click cells to compare fundamentals

Clearway Energy Account Relationship Matchups

Clearway Energy fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Common Stock Shares Outstanding	104M	109M	116M	117M	134.6M	98.9M
Total Assets	9.7B	10.6B	12.8B	12.3B	14.7B	9.0B
Short Long Term Debt Total	7.0B	7.3B	8.3B	7.4B	8.7B	5.8B
Other Current Liab	16M	161M	678M	240M	187M	124.4M
Total Current Liabilities	2.1B	634M	1.6B	617M	906M	765.6M
Total Stockholder Equity	1.8B	1.8B	1.8B	2.2B	2.1B	1.7B
Other Liab	130M	217M	382M	623M	716.5M	752.3M
Property Plant And Equipment Net	6.3B	7.6B	8.2B	7.9B	10.1B	5.9B
Current Deferred Revenue	112M	123M	138M	119M	136M	98.3M
Net Debt	6.9B	7.0B	8.1B	6.7B	8.1B	5.5B
Retained Earnings	(72M)	(84M)	(33M)	463M	361M	379.1M
Accounts Payable	105M	89M	181M	55M	161M	105.5M
Cash	155M	268M	179M	657M	535M	276.3M
Non Current Assets Total	9.1B	9.9B	11.3B	11.0B	13.1B	8.2B
Non Currrent Assets Other	103M	115M	107M	40M	157M	95.7M
Other Assets	195M	218M	202M	70M	80.5M	76.5M
Long Term Debt	5.0B	6.6B	6.9B	6.5B	7.5B	5.1B
Cash And Short Term Investments	155M	268M	179M	657M	535M	276.3M
Net Receivables	118M	143M	144M	153M	345M	362.3M
Liabilities And Stockholders Equity	9.7B	10.6B	12.8B	12.3B	14.7B	9.0B
Non Current Liabilities Total	5.4B	7.2B	7.9B	7.7B	8.8B	5.5B
Other Current Assets	295M	313M	1.2B	419M	625M	656.3M
Other Stockholder Equity	1.9B	1.9B	1.9B	1.8B	1.7B	1.6B
Total Liab	7.4B	7.9B	9.5B	8.3B	9.7B	6.3B
Property Plant And Equipment Gross	6.3B	7.6B	8.2B	7.9B	13.6B	14.3B
Total Current Assets	608M	708M	1.5B	1.3B	1.6B	1.6B
Short Term Debt	1.8B	384M	772M	322M	558M	481.0M
Intangible Assets	1.4B	1.4B	2.5B	2.6B	2.4B	1.4B
Property Plant Equipment	6.3B	7.2B	8.2B	7.4B	8.5B	5.2B
Net Tangible Assets	422M	1.8B	(665M)	2.2B	2.6B	2.7B
Long Term Debt Total	5.0B	6.6B	6.9B	6.5B	7.5B	5.6B
Capital Surpluse	1.9B	1.9B	1.9B	1.8B	2.0B	1.9B
Non Current Liabilities Other	121M	523M	173M	201M	287M	172.7M

Pair Trading with Clearway Energy

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Clearway Energy position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Clearway Energy will appreciate offsetting losses from the drop in the long position's value.

Moving against Clearway Stock

0.55	WAVE	Eco Wave Power Upward Rally	Pair Corr
0.54	NRGV	Energy Vault Holdings Buyout Trend	Pair Corr
0.53	ELLO	Ellomay Capital	Pair Corr
0.36	STEM	Stem Inc	Pair Corr
0.34	ORA	Ormat Technologies	Pair Corr

The ability to find closely correlated positions to Clearway Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Clearway Energy when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Clearway Energy - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Clearway Energy Class to buy it.

The correlation of Clearway Energy is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Clearway Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Clearway Energy Class moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Clearway Energy can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether Clearway Energy Class offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Clearway Energy's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Clearway Energy Class Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Clearway Energy Class Stock:

How To Invest In Clearway

Details

Is Clearway Stock a good investment?

Details

What is Clearway Energy's Net Worth?

Details

Largest Independent Power and Renewable Electricity Producers Companies

View

Largest Utilities Companies

View

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Clearway Energy Class. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

You can also try the Technical Analysis module to check basic technical indicators and analysis based on most latest market data.

Is Independent Power and Renewable Electricity Producers space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Clearway Energy. If investors know Clearway will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Clearway Energy listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

7.924

Dividend Share

1.627

Earnings Share

1.03

Revenue Per Share

11.584

Quarterly Revenue Growth

0.31

The market value of Clearway Energy Class is measured differently than its book value, which is the value of Clearway that is recorded on the company's balance sheet. Investors also form their own opinion of Clearway Energy's value that differs from its market value or its book value, called intrinsic value, which is Clearway Energy's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Clearway Energy's market value can be influenced by many factors that don't directly affect Clearway Energy's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Clearway Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Clearway Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Clearway Energy's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC

Clearway Net Receivables vs Net Invested Capital Analysis

Net Receivables vs Net Invested Capital

Net Receivables vs Net Invested Capital Correlation Analysis

Correlation Coefficient

Net Receivables

Net Invested Capital

Clearway Energy fundamental ratios Correlations

Clearway Energy Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Clearway Energy fundamental ratios Accounts

Pair Trading with Clearway Energy

Moving against Clearway Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Property Plant And Equipment Net	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Total Assets
Net Debt	+ 1.0	Short Long Term Debt Total
Total Liab	+ 1.0	Short Long Term Debt Total
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Total Liab	+ 1.0	Net Debt

Other Assets	- 0.4	Retained Earnings
Short Term Investments	- 0.31	Retained Earnings
Other Assets	- 0.16	Other Liab
Short Term Investments	- 0.07	Other Liab
Short Term Investments	- 0.06	Cash And Short Term Investments
Cash And Short Term Investments	- 0.06	Other Assets