ORA vs. CWEN
ORA (Ormat Technologies, Inc.) and CWEN (Clearway Energy, Inc.) are both stocks. Both operate in the Utilities - Renewable industry within the Utilities sector. Over the past 10 years, ORA returned 8.62%/yr vs 11.93%/yr for CWEN. Their 0.43 correlation means their historical movements had little consistent relationship.
Performance
ORA vs. CWEN - Performance Comparison
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Returns By Period
In the year-to-date period, ORA achieves a -11.49% return, which is significantly lower than CWEN's -2.33% return. Over the past 10 years, ORA has underperformed CWEN with an annualized return of 8.62%, while CWEN has yielded a comparatively higher 11.93% annualized return.
ORA
- 1D
- 0.90%
- 1M
- -13.31%
- 6M
- -21.74%
- YTD
- -11.49%
- 1Y
- 10.49%
- 3Y*
- 7.10%
- 5Y*
- 7.58%
- 10Y*
- 8.62%
- ALL TIME*
- 9.66%
CWEN
- 1D
- 0.00%
- 1M
- -3.14%
- 6M
- -10.14%
- YTD
- -2.33%
- 1Y
- 3.06%
- 3Y*
- 13.54%
- 5Y*
- 7.48%
- 10Y*
- 11.93%
- ALL TIME*
- 6.46%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $36.19M | $37.28M | $48.06M | |
| $86.66M | $85.89M | $116.62M |
ORA vs. CWEN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ORA Ormat Technologies, Inc. | -11.49% | 64.06% | -10.05% | -11.82% | 9.68% | -11.59% | 21.92% | 43.45% | -17.42% | 20.50% |
CWEN Clearway Energy, Inc. | -2.33% | 35.48% | 0.87% | -8.93% | -7.89% | 17.83% | 67.04% | 21.37% | -2.11% | 26.92% |
Correlation
The correlation between ORA and CWEN is 0.40, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.40 |
Correlation (3Y) Balances recent behavior with more history. | 0.54 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.54 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.46 |
Correlation (All Time) Calculated using the full available price history since Jul 17, 2013 | 0.43 |
The correlation between ORA and CWEN shifts across timeframes, from 0.40 (1 year) to 0.54 (3 years), reflecting how their relationship changes across market environments.
Fundamentals
ORA:
$6.00B
CWEN:
$6.52B
ORA:
$2.06
CWEN:
$0.02
ORA:
47.27
CWEN:
1.44K
ORA:
2.32
CWEN:
5.50
ORA:
5.18
CWEN:
1.94
ORA:
2.35
CWEN:
0.20
ORA:
$1.16B
CWEN:
$1.49B
ORA:
$320.13M
CWEN:
$543.00M
ORA:
$398.22M
CWEN:
$878.00M
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Return for Risk
ORA vs. CWEN — Risk / Return Rank
ORA
CWEN
ORA vs. CWEN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Ormat Technologies, Inc. (ORA) and Clearway Energy, Inc. (CWEN). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ORA | CWEN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.22 | ||
| Sortino ratioReturn per unit of downside risk | +0.29 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.04 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 0.28 | 0.09 | +0.18 |
| Martin ratioReturn relative to average drawdown | 0.85 | 0.27 | +0.59 |
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Drawdowns
ORA vs. CWEN - Drawdown Comparison
The maximum ORA drawdown since its inception was -73.96%, smaller than the maximum CWEN drawdown of -79.41%. Use the drawdown chart below to compare losses from any high point for ORA and CWEN.
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Drawdown Indicators
| ORA | CWEN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.96% | -79.41% | +5.45% |
Max Drawdown (1Y)Largest decline over 1 year | -34.99% | -25.40% | -9.59% |
Max Drawdown (3Y)Largest decline over 3 years | -34.99% | -26.03% | -8.96% |
Max Drawdown (5Y)Largest decline over 5 years | -41.21% | -52.09% | +10.88% |
Max Drawdown (10Y)Largest decline over 10 years | -52.39% | -52.09% | -0.30% |
Current DrawdownCurrent decline from peak | -32.75% | -23.10% | -9.65% |
Average DrawdownAverage peak-to-trough decline | -30.53% | -35.21% | +4.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.31% | 8.78% | +2.53% |
Volatility
ORA vs. CWEN - Volatility Comparison
Ormat Technologies, Inc. (ORA) has a higher volatility of 10.63% compared to Clearway Energy, Inc. (CWEN) at 8.43%. This indicates that ORA's price experiences larger fluctuations and is considered to be riskier than CWEN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ORA | CWEN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.63% | 8.43% | +2.20% |
Volatility (6M)Calculated over the trailing 6-month period | 27.92% | 22.33% | +5.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.97% | 30.29% | +2.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.52% | 30.45% | +1.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.47% | 31.27% | +1.20% |
Dividends
ORA vs. CWEN - Dividend Comparison
ORA's dividend yield for the trailing twelve months is around 0.49%, less than CWEN's 5.76% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CWEN Clearway Energy, Inc. | 5.76% | 5.32% | 6.36% | 5.62% | 4.48% | 3.68% | 3.29% | 4.01% | 7.29% | 5.81% | 5.98% | 6.88% |
ORA Ormat Technologies, Inc. | 0.49% | 0.43% | 0.71% | 0.63% | 0.56% | 0.61% | 0.49% | 0.59% | 1.01% | 0.91% | 0.97% | 0.71% |
Financials
ORA vs. CWEN - Financials Comparison
This section allows you to compare key financial metrics between Ormat Technologies, Inc. and Clearway Energy, Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
ORA vs. CWEN - Profitability Comparison
ORA - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Ormat Technologies, Inc. reported a gross profit of 120.37M and revenue of 403.91M. Therefore, the gross margin over that period was 29.8%.
CWEN - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Clearway Energy, Inc. reported a gross profit of 0.00 and revenue of 354.00M. Therefore, the gross margin over that period was 0.0%.
ORA - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Ormat Technologies, Inc. reported an operating income of -4.13M and revenue of 403.91M, resulting in an operating margin of -1.0%.
CWEN - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Clearway Energy, Inc. reported an operating income of 20.00M and revenue of 354.00M, resulting in an operating margin of 5.7%.
ORA - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Ormat Technologies, Inc. reported a net income of 44.07M and revenue of 403.91M, resulting in a net margin of 10.9%.
CWEN - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Clearway Energy, Inc. reported a net income of -163.00M and revenue of 354.00M, resulting in a net margin of -46.1%.
Frequently Asked Questions
ORA and CWEN have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ORA has higher volatility (10.63%) compared to CWEN (8.43%). In terms of maximum drawdown, ORA dropped -73.96% vs CWEN's -79.41%.
ORA currently has the higher Sharpe Ratio (0.29 vs 0.08), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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