Clearway Energy, Inc. Class A (CWEN.A) Covered Calls

Clearway Energy, Inc. is a leading publicly traded energy infrastructure company focused on modern, sustainable power generation. It owns a diversified portfolio of wind, solar, and natural gas-fired power generation assets across the United States. The company is dedicated to providing clean, reliable energy through long-term off-take agreements with utilities and corporate customers, aiming to deliver stable and growing cash flows to its shareholders.

You can sell covered calls on Clearway Energy, Inc. Class A to lower risk and earn monthly income. Born To Sell's covered call screener gives you customized search capabilities across all possible covered calls but here are a couple of examples for CWEN.A (prices last updated Tue 4:16 PM ET):

Clearway Energy, Inc. Class A (CWEN.A) Stock Quote
Last Change Bid Ask Volume P/E Market Cap
36.29 -1.20 35.00 38.37 355K 16 7.6
Covered Calls For Clearway Energy, Inc. Class A (CWEN.A)
Expiration Strike Call Bid Net Debit Return
If Flat		 Annualized
Return If Flat
Mar 20 35 1.40 36.97 -4.1% -59.9%
Apr 17 35 0.05 38.32 -7.5% -51.7%
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Core Business and Products

Clearway Energy, Inc. operates as a "YieldCo," an investment vehicle designed to own and operate operating power generation assets that produce predictable cash flows. The company’s portfolio is primarily composed of renewable energy projects, including utility-scale wind and solar farms, complemented by highly efficient natural gas generation facilities. These assets are typically contracted under long-term Power Purchase Agreements (PPAs) with creditworthy counterparts, which insulates the company’s revenue from fluctuations in market power prices.

The company maintains a strategic relationship with its sponsor, Clearway Energy Group, which provides a pipeline of newly developed renewable projects for potential acquisition. This "dropdown" mechanism allows the company to steadily expand its gigawatt capacity. Clearway also provides thermal energy services—chilled water and steam—to commercial and district customers in several major U.S. cities, further diversifying its revenue base beyond standard electricity generation.

Competitive Landscape

The renewable energy infrastructure sector is highly competitive, with players vying for project acquisitions and long-term utility contracts. Clearway competes with other yield-oriented power producers like NextEra Energy Partners and traditional utilities expanding their green footprints. Primary competitors listed on the NYSE or NASDAQ with active, liquid options chains include NextEra Energy, Brookfield Renewable Partners, and The AES Corporation. In the broader independent power producer space, it also overlaps with Vistra Corp.

Strategic Outlook and Innovation

Clearway’s strategic roadmap for 2026 is centered on capital recycling and the expansion of energy storage capabilities. The company is increasingly pairing its existing solar installations with large-scale battery energy storage systems (BESS) to enhance grid reliability and capture higher-value peak pricing. Innovation efforts are also directed toward "repowering" older wind farms—replacing aged turbines with more efficient, higher-capacity models to increase production from existing sites without the need for new land permits.

The company’s growth outlook is supported by a robust pipeline of solar-plus-storage projects located in key markets like California and Texas. By leveraging the tax incentives provided by current federal energy policies, Clearway aims to lower its cost of capital for new developments. The firm remains focused on a total-return strategy, prioritizing dividend growth supported by increasing Cash Available for Distribution (CAFD). Strategic priorities include optimizing the performance of its natural gas fleet to provide critical backup power as the U.S. grid transitions to a higher percentage of intermittent renewable sources.