Oil prices are back in focus as shipping attacks keep crude elevated, which puts steady pressure on energy importers. That keeps attention on power sources that do not run on fuel at all. For investors, this can be a timely moment to look at businesses tied to solar, wind, hydro and tidal projects. This article walks through three renewable energy stocks from the screener that may warrant a closer look.
The three stocks below are just a sample of what emerged, with the full screen surfacing 20 more renewable energy businesses with equally compelling narratives that are not covered in this article.
If you want to identify your own highest conviction ideas across solar, wind, hydro and tidal operators, head straight to the Renewable (solar, wind, hydro or tidal) Energy screener .
Clearway Energy (CWEN)
Clearway Energy leans heavily into the renewable energy theme, with most of its business coming from operating wind, solar and storage projects. This positioning puts it front and center for investors who want exposure to contracted clean power rather than pure fossil fuel generation.
Clearway Energy generates about US$1.3b of revenue from Renewables & Storage and US$320 million from Flexible Generation, giving it a sizeable clean power tilt. The stock carries a market value of roughly US$6.3b.
Expansion of late stage wind, solar and storage projects, with 100% of 2026 and 2027 vintages already commercialized and a 2028 to 2029 pipeline larger than what is needed for internal CAFD targets, gives the company multiple ways to add contracted capacity that can lift CAFD and support dividend coverage.
What really matters now is how one pressure point behind those future cash flows shifts the outlook for earnings quality and payout resilience.
That pressure point is exactly what the full narrative for Clearway Energy unpacks in detail, showing where Clearway Energy's contracted growth story could be accelerating or quietly stalling.
Ormat Technologies (ORA)
Ormat Technologies builds and operates geothermal and solar power plants that sell electricity, while also supplying geothermal equipment and running battery storage sites, with about US$705 million from Electricity, US$349 million from Product and US$134 million from Energy Storage, and a market value near US$5.7b.
Ormat Technologies fits into this screener through its geothermal and solar power operations. However, the more notable aspect is how policy support and project timing may reshape its economics over the next few years.
Recent federal permitting reforms and policy support have significantly expedited geothermal project development timelines in the U.S., enabling Ormat to accelerate greenfield expansion and release more projects for construction, which may support faster revenue growth and increased long-term cash flows.
The key variable for Ormat Technologies now is how one unresolved pressure on profitability shapes the cash that future projects can actually generate.
That unresolved pressure on cash generation is exactly what the full narrative for Ormat Technologies unpacks, separating temporary margin drag from longer term earnings power as projects accelerate.
ReNew Energy Global (RNW)
ReNew Energy Global runs a utility scale renewable power platform in India, mainly building and operating wind and solar projects, while also manufacturing equipment and offering EPC and software services. The group is valued at about US$2.5b.
ReNew Energy Global brings the screener back to its core, large scale clean power. The business is trying to marry a big operating fleet with in house manufacturing and services, and one decision in how it builds that portfolio could reshape long term returns.
ReNew Energy Global has already moved its committed portfolio away from higher CapEx wind projects and toward solar plus battery storage, and the roughly INR 60 billion reduction in build-out CapEx for only about INR 6.5 to 7 billion less EBITDA on those assets could translate into a structurally more efficient capital base and stronger long term returns on invested capital.
What happens to margins if one quiet shift in the way ReNew Energy Global funds and structures new projects does not play out as planned.
If that funding shift is what matters most, the full narrative for ReNew Energy Global shows how ReNew Energy Global's capital choices could accelerate returns while keeping the risk profile in check.
Seeking Fresh Alternatives Beyond Renewables?
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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