Clearway Energy Reports Control Weakness in HLBV Calculations

Clearway Energy ( (CWEN) ) has issued an update.

In a filing covering its quarterly periods ended March 31, June 30 and September 30, 2025, Clearway Energy, Inc. and Clearway Energy LLC disclosed that they had identified and corrected immaterial errors in the hypothetical liquidation at book value (HLBV) calculations used to allocate net income and loss to redeemable noncontrolling interests and noncontrolling interests in tax equity partnerships. The company concluded under SEC guidance that these errors were not material to any prior reporting period and therefore did not require restatement of previously issued financial statements, and the adjustments did not affect reported net income or cash flow from operations, though prior-period figures will be revised when presented in future filings. Management also reported that in the fourth quarter of 2025 it had identified a material weakness in internal control over financial reporting related to the review of these HLBV calculations, and while Clearway has begun remediation efforts and plans process changes to strengthen controls, it acknowledged that the weakness will remain until the new controls are fully tested and may require additional measures, underscoring ongoing governance and reporting risk for investors and other stakeholders.

The most recent analyst rating on (CWEN) stock is a Buy with a $38.00 price target. To see the full list of analyst forecasts on Clearway Energy stock, see the CWEN Stock Forecast page.

Spark’s Take on CWEN Stock

According to Spark, TipRanks’ AI Analyst, CWEN is a Neutral.

Clearway Energy’s overall stock score reflects a combination of strong technical momentum and positive earnings call insights, tempered by mixed financial performance and valuation concerns. The company’s strategic growth initiatives and robust dividend yield are significant positives, but challenges in revenue growth and cash flow generation need to be addressed.

To see Spark’s full report on CWEN stock, click here.

More about Clearway Energy

Clearway Energy, Inc., through Clearway Energy LLC, operates in the energy sector with a focus on projects structured with tax equity partnerships, where financial reporting involves complex allocations of net income and loss between the company, redeemable noncontrolling interests, and other noncontrolling interests.

Average Trading Volume: 1,067,815

Technical Sentiment Signal: Strong Buy

Current Market Cap: $6.67B

For an in-depth examination of CWEN stock, go to TipRanks’ Overview page.