Clearway Energy Inc Class C (CWEN)
Return on equity (ROE)
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 79,000 | 54,000 | 82,000 | 614,000 | 582,000 | 562,000 | 551,000 | 16,000 | 51,000 | 34,000 | 45,000 | 57,000 | 25,000 | 44,000 | 51,000 | -20,000 | -11,000 | -77,000 | -95,000 | 8,000 |
| Total stockholders’ equity | US$ in thousands | 4,995,000 | 4,268,000 | 4,142,000 | 4,162,000 | 4,033,000 | 4,116,000 | 4,193,000 | 3,139,000 | 3,300,000 | 2,955,000 | 3,003,000 | 2,995,000 | 2,715,000 | 2,237,000 | 2,232,000 | 2,264,000 | 2,263,000 | 2,046,000 | 2,054,000 | 1,772,000 |
| ROE | 1.58% | 1.27% | 1.98% | 14.75% | 14.43% | 13.65% | 13.14% | 0.51% | 1.55% | 1.15% | 1.50% | 1.90% | 0.92% | 1.97% | 2.28% | -0.88% | -0.49% | -3.76% | -4.63% | 0.45% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $79,000K ÷ $4,995,000K
= 1.58%
Clearway Energy Inc's return on equity (ROE) has fluctuated over the past eight quarters, ranging from as low as 0.91% in Q1 2022 to as high as 28.60% in Q1 2023. The ROE exhibited a downward trend in the most recent quarters of Q3 2023 and Q4 2023, standing at 2.56% and 3.76% respectively. The significant decline in ROE between Q1 2023 (28.60%) and Q2 2023 (3.83%) is noteworthy.
Overall, the ROE of Clearway Energy Inc has shown variability, indicating fluctuations in the company's profitability relative to its shareholders' equity. It would be advisable to further investigate the factors influencing these fluctuations in ROE to assess the company's financial performance and sustainability.
Peer comparison
Dec 31, 2023