Clearway Energy Inc (CWEN) is overvalued and Ormat Technologies Inc (ORA) is overvalued.
Both trade above our estimate of their intrinsic value. CWEN is the closer of the two: -180%, against -374% for ORA.
Values as of the 22 Sept 2026 close.
Discounting its cash flows at 6.7% values the shares at $10.93; the price of $30.65 is 180% above that value, and 84% of that value comes from beyond year five.
Leak Score 0/100 on 2 of 12 signals
Discounting its cash flows at 8.0% (average of 3 methods) values the shares at $20.51; the price of $97.28 is 374% above that value, and 79% of that value comes from beyond year five.
Leak Score 0/100 on 3 of 12 signals
| Metric | CWEN | ORA |
|---|---|---|
| Verdict | Overvalued | Overvalued |
| Price | $30.65 | $97.28 |
| Intrinsic value | $10.93 | $20.51 |
| Margin of safety | -180% | -374% |
| Leak Score | 0/100 (2/12) | 0/100 (3/12) |
| Market cap | $6.3B | $6.0B |
| Revenue growth, 5 years | 2.4% | 7.0% |
| Operating margin | 13.2% | 19.4% |
| Net margin | 5.9% | 10.7% |
| Return on equity | 4.9% | 5.0% |
| Debt to equity | 5.34 | 1.31 |
| P/E | 38.8x | 47.7x |
| Forward P/E | 48.0x | 39.9x |
| P/B | 2.0x | 2.3x |
| Dividend yield | 6.2% | 0.5% |