Black Hills (BKH) vs Clearway Energy (CWEN)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
Black Hills (BKH) has outperformed Clearway Energy (CWEN) over the past year, gaining 23.9% versus a loss of 2.2%. Over five years, BKH leads with a +17.5% price change compared with -3.0% for CWEN. Clearway Energy is the larger company by market cap ($7.47 billion vs $5.78 billion), about 1.3 times the size, while Black Hills is growing revenue faster (+8.6% vs +4.2%).
On valuation, Black Hills trades at a lower forward P/E (16.4x vs 18.5x for Clearway Energy). Clearway Energy offers the higher dividend yield (6.03% vs 3.64%). Black Hills converts more of its revenue into profit, with a net margin of 12.6% versus 11.8%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | BKH | CWEN |
|---|---|---|
| Share price | $75.84 | $30.29 |
| Market cap | $5.78B | $7.47B |
| 1-day change | +7.21% | -1.43% |
| YTD return | +9.25% | -8.93% |
| 1-year return | +23.88% | -2.23% |
| 5-year return | +17.45% | -2.98% |
| P/E ratio (TTM) | 19.10 | 39.34 |
| Forward P/E | 16.39 | 18.50 |
| EPS (TTM) | $3.97 | $0.77 |
| Dividend yield | 3.64% | 6.03% |
| Annual dividend | $2.76 | $1.83 |
| Revenue (latest FY) | $2.31B | $1.43B |
| Revenue growth (YoY) | +8.57% | +4.23% |
| Net income (latest FY) | $291.60M | $169.00M |
| Gross margin | — | 62.91% |
| Operating margin | 23.27% | 11.20% |
| Net margin | 12.62% | 11.83% |
| 52-week high | $78.69 | $41.74 |
| 52-week low | $59.91 | $28.57 |
| Distance from 52-week high | -3.62% | -27.43% |
| Analyst consensus | strong_buy | strong_buy |
| Avg. price target upside | +8.12% | +37.01% |
| Average volume | 869.75K | 1.18M |
| Shares outstanding | 76.25M | 121.17M |
| Employees | 2,795 | — |
| Sector | Utilities | Utilities |
| Industry | Electric Utilities: Central | Electric Utilities: Central |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- BKH has outperformed CWEN by 26.1 percentage points over the past year.
- Clearway Energy trades at a higher earnings multiple (39.3x vs 19.1x trailing P/E).
- Clearway Energy offers a meaningfully higher dividend yield (6.03% vs 3.64%).
About Black Hills
BKH stock →Black Hills Corporation, through its subsidiaries, operates as an electric and natural gas utility company in the United States. The company operates through the Electric Utilities and Gas Utilities segments.
Utilities · Electric Utilities: Central · 2,795 employees
About Clearway Energy
CWEN stock →Clearway Energy, Inc. operates in the clean energy generation assets business in the United States.
Utilities · Electric Utilities: Central
BKH vs CWEN FAQ
Which is bigger, Black Hills or Clearway Energy?
Clearway Energy (CWEN) is larger, with a market capitalization of $7.47B compared with $5.78B for Black Hills (BKH).
Which stock has performed better over the past year, BKH or CWEN?
BKH returned +23.88% over the past 12 months, compared with -2.23% for CWEN (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, BKH or CWEN?
BKH has the lower trailing P/E at 19.1, versus 39.3 for CWEN. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, Black Hills or Clearway Energy?
Clearway Energy has the higher yield at 6.03%, compared with 3.64% for Black Hills.
Are Black Hills and Clearway Energy in the same industry?
Yes. Both are classified in the Electric Utilities: Central industry within the Utilities sector.