Clearway Energy (CWEN) - Among the Best Renewable Energy Dividend Stocks to Buy Now

Clearway Energy, Inc. (NYSE:CWEN) is included among the 10 Best Renewable Energy Dividend Stocks to Buy Now.

With a portfolio that comprises approximately 11.8 GW of gross generating capacity in 26 states, Clearway Energy, Inc. (NYSE:CWEN) is one of the largest owners of clean energy generation assets in the United States.

Clearway Energy, Inc. (NYSE:CWEN) received a boost on November 5 when Roth Capital raised its price target on the stock from $38 to $39, while keeping a ‘Buy’ rating on its shares. The update follows an impressive Q3 performance by the company, in which it topped expectations in both earnings and revenue. Clearway’s net income surged to $60 million, more than double compared to last year, helped by lower tax expenses, new investments, and favorable wind patterns.

Clearway Energy, Inc. (NYSE:CWEN) also narrowed its FY 2025 CAFD (Cash Available For Distribution) guidance to a range of $420 million to $440 million, while also introducing a higher-than-expected 2026 guidance of $470 million to $510 million. Moreover, the company’s management confirmed its commitment to a long-term annual growth target of 5% to 8% or higher.

Clearway Energy, Inc. (NYSE:CWEN)’s growth in net income allowed it to increase its dividend by 1.62% to $0.4528 per share, giving the company an annual dividend yield of 5.03% as of the writing of this piece.

While we acknowledge the potential of CWEN as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None.