Clearway Energy, Inc. (CWEN) vs Ormat Technologies, Inc. (ORA)

Clearway Energy, Inc. and Ormat Technologies, Inc. are both Utilities Renewable companies. Clearway Energy, Inc. is the larger, with a market value of $7.0B against $5.7B — 1.2× the size. Ormat Technologies, Inc. trades at the lower P/E: 42.4× against 855×. Ormat Technologies, Inc. grew revenue faster over the last twelve months: 28.6% against 9.92%. Ormat Technologies, Inc. has the higher net margin (11.1% vs 0.00%) and the higher return on invested capital (5.61% vs 0.94%). Both pay a dividend; Clearway Energy, Inc. yields more (5.43% vs 0.51%). Across the 22 metrics below, Ormat Technologies, Inc. leads on 12 and Clearway Energy, Inc. on 10.

Valuation

Metric CWEN ORA Utilities Renewable median
P/E 855.00 42.39 14.42
P/S 2.63 4.72 1.78
P/B 0.76 2.07 0.88
Price to free cash flow 6.17 n/m 11.75
EV/EBITDA 11.61 16.17 10.16
EV/Sales 8.04 6.90 3.74
Earnings yield 0.12% 2.36% (11.66%)
Free cash flow yield 16.21% (3.72%) (27.02%)

Profitability

Metric CWEN ORA Utilities Renewable median
Gross margin 64.42% 28.44% 40.59%
Operating margin 13.41% 16.66% 0.00%
Net margin 0.00% 11.07% 0.00%
Free cash flow margin 42.63% 27.51% (1.11%)
Return on equity 0.00% 4.97% 0.00%
Return on assets 0.00% 2.09% (0.07%)
Return on invested capital 0.94% 5.61% 0.00%

Growth

Metric CWEN ORA Utilities Renewable median
Revenue growth (TTM) 9.92% 28.55% 16.77%
EPS growth (last fiscal year) 90.67% (0.98%) 28.57%
Revenue growth, 5-year CAGR 3.57% 7.01% 7.01%
Net income growth, 5-year CAGR 46.55% 7.71% 0.00%

Health

Metric CWEN ORA Utilities Renewable median
Debt to equity 1.66 0.00 0.37
Current ratio 1.21 0.92 0.98
Net debt to EBITDA 7.46 4.86 3.56

Dividend

Metric CWEN ORA Utilities Renewable median
Dividend yield 5.43% 0.51% 3.15%
Payout ratio 46.39 0.22 0.17

Size

Metric CWEN ORA Utilities Renewable median
Market cap 7.04b 5.72b 849.13m

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