Clearway Energy (CWEN) vs Pinnacle West Capital (PNW)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 9, 2026.
Summary
Pinnacle West Capital (PNW) has outperformed Clearway Energy (CWEN) over the past year, gaining 6.6% versus a loss of 6.3%. Over five years, PNW leads with a +44.0% price change compared with -4.1% for CWEN. Pinnacle West Capital is the larger company by market cap ($11.99 billion vs $7.45 billion), about 1.6 times the size, while Clearway Energy is growing revenue faster (+4.2% vs +4.2%).
On valuation, Pinnacle West Capital trades at a lower forward P/E (17.7x vs 18.4x for Clearway Energy). Clearway Energy offers the higher dividend yield (6.05% vs 3.66%). Pinnacle West Capital converts more of its revenue into profit, with a net margin of 11.8% 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 | PNW |
|---|---|---|
| Share price | $30.19 | $98.92 |
| Market cap | $7.45B | $11.99B |
| 1-day change | +0.80% | +0.96% |
| YTD return | -9.95% | +10.46% |
| 1-year return | -6.26% | +6.56% |
| 5-year return | -4.07% | +44.05% |
| P/E ratio (TTM) | 39.21 | 18.99 |
| Forward P/E | 18.44 | 17.71 |
| EPS (TTM) | $0.77 | $5.21 |
| Dividend yield | 6.05% | 3.66% |
| Annual dividend | $1.83 | $3.63 |
| Revenue (latest FY) | $1.43B | $5.34B |
| Revenue growth (YoY) | +4.23% | +4.20% |
| Net income (latest FY) | $169.00M | $631.64M |
| Gross margin | 62.91% | 63.79% |
| Operating margin | 11.20% | 19.99% |
| Net margin | 11.83% | 11.83% |
| 52-week high | $41.74 | $111.16 |
| 52-week low | $28.57 | $86.18 |
| Distance from 52-week high | -27.67% | -11.01% |
| Analyst consensus | strong_buy | hold |
| Avg. price target upside | +37.46% | +4.05% |
| Average volume | 1.19M | 1.18M |
| Shares outstanding | 121.17M | 121.20M |
| Employees | — | 6,610 |
| 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
- PNW has outperformed CWEN by 12.8 percentage points over the past year.
- Clearway Energy trades at a higher earnings multiple (39.2x vs 19.0x trailing P/E).
- Clearway Energy offers a meaningfully higher dividend yield (6.05% vs 3.66%).
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 Pinnacle West Capital
PNW stock →Pinnacle West Capital Corporation, through its subsidiary, provides retail and wholesale electric services in the state of Arizona. The company engages in the generation, transmission, and distribution of electricity using nuclear, gas, oil, coal, and solar generating facilities.
Utilities · Electric Utilities: Central · 6,610 employees
CWEN vs PNW FAQ
Which is bigger, Clearway Energy or Pinnacle West Capital?
Pinnacle West Capital (PNW) is larger, with a market capitalization of $11.99B compared with $7.45B for Clearway Energy (CWEN).
Which stock has performed better over the past year, CWEN or PNW?
PNW returned +6.56% 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 PNW?
PNW has the lower trailing P/E at 19.0, 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 Pinnacle West Capital?
Clearway Energy has the higher yield at 6.05%, compared with 3.66% for Pinnacle West Capital.
Are Clearway Energy and Pinnacle West Capital in the same industry?
Yes. Both are classified in the Electric Utilities: Central industry within the Utilities sector.