Clearway Energy (CWEN) vs OGE Energy (OGE)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 9, 2026.
Summary
OGE Energy (OGE) has outperformed Clearway Energy (CWEN) over the past year, gaining 0.6% versus a loss of 6.3%. Over five years, OGE leads with a +36.6% price change compared with -4.1% for CWEN. OGE Energy is the larger company by market cap ($9.61 billion vs $7.44 billion), about 1.3 times the size.
On valuation, OGE Energy trades at a lower forward P/E (17.8x vs 18.4x for Clearway Energy). Clearway Energy offers the higher dividend yield (6.05% vs 3.65%). OGE Energy converts more of its revenue into profit, with a net margin of 14.4% 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 | CWEN | OGE |
|---|---|---|
| Share price | $30.18 | $46.50 |
| Market cap | $7.44B | $9.61B |
| 1-day change | +0.77% | +0.85% |
| YTD return | -9.95% | +7.99% |
| 1-year return | -6.26% | +0.57% |
| 5-year return | -4.07% | +36.62% |
| P/E ratio (TTM) | 39.19 | 20.48 |
| Forward P/E | 18.43 | 17.83 |
| EPS (TTM) | $0.77 | $2.27 |
| Dividend yield | 6.05% | 3.65% |
| Annual dividend | $1.83 | $1.70 |
| Revenue (latest FY) | $1.43B | $3.26B |
| Revenue growth (YoY) | +4.23% | +9.21% |
| Net income (latest FY) | $169.00M | $470.70M |
| Gross margin | 62.91% | 61.35% |
| Operating margin | 11.20% | 24.52% |
| Net margin | 11.83% | 14.44% |
| 52-week high | $41.74 | $50.59 |
| 52-week low | $28.57 | $41.70 |
| Distance from 52-week high | -27.70% | -8.08% |
| Analyst consensus | strong_buy | buy |
| Avg. price target upside | +37.51% | +6.62% |
| Average volume | 1.19M | 1.59M |
| Shares outstanding | 121.17M | 206.58M |
| Employees | — | 2,248 |
| 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
- Clearway Energy trades at a higher earnings multiple (39.2x vs 20.5x trailing P/E).
- Clearway Energy offers a meaningfully higher dividend yield (6.05% vs 3.65%).
About Clearway Energy
CWEN stock →Clearway Energy, Inc. operates in the clean energy generation assets business in the United States.
Utilities · Electric Utilities: Central
About OGE Energy
OGE stock →OGE Energy Corp., through its subsidiaries, generates, transmits, distributes, and sells electric energy in the United States. It owns and operates coal-fired, natural gas-fired, wind-powered, and solar-powered generating assets.
Utilities · Electric Utilities: Central · 2,248 employees
CWEN vs OGE FAQ
Which is bigger, Clearway Energy or OGE Energy?
OGE Energy (OGE) is larger, with a market capitalization of $9.61B compared with $7.44B for Clearway Energy (CWEN).
Which stock has performed better over the past year, CWEN or OGE?
OGE returned +0.57% over the past 12 months, compared with -6.26% for CWEN (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, CWEN or OGE?
OGE has the lower trailing P/E at 20.5, versus 39.2 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, Clearway Energy or OGE Energy?
Clearway Energy has the higher yield at 6.05%, compared with 3.65% for OGE Energy.
Are Clearway Energy and OGE Energy in the same industry?
Yes. Both are classified in the Electric Utilities: Central industry within the Utilities sector.