Clearway Energy, Inc. Announces $100,000,000 At-The-Market (ATM) Equity Offering Program
Clearway Energy (NYSE: CWEN) has announced a $100 million At-The-Market (ATM) equity offering program. The company has entered into an Equity Distribution Agreement with multiple leading financial institutions including Morgan Stanley, BofA Securities, Citigroup, J.P. Morgan, and Wells Fargo Securities.
Under the agreement, Clearway Energy will be able to sell shares of its Class C common stock through these agents, with sales primarily conducted through ordinary brokers' transactions on the NYSE at market prices. The shares will be issued under a prospectus supplement dated August 6, 2025.
The company plans to use the net proceeds for general corporate purposes, including potential debt repayment, working capital, capital expenditures, and funding acquisitions and investments.
Clearway Energy (NYSE: CWEN) ha annunciato un programma di offerta azionaria At-The-Market (ATM) da 100 milioni di dollari. La societ脿 ha stipulato un Accordo di Distribuzione Azionaria con diverse importanti istituzioni finanziarie, tra cui Morgan Stanley, BofA Securities, Citigroup, J.P. Morgan e Wells Fargo Securities.
Secondo l'accordo, Clearway Energy potr脿 vendere azioni della sua azione ordinaria di Classe C tramite questi agenti, con le vendite principalmente effettuate attraverso transazioni ordinarie di broker sul NYSE a prezzi di mercato. Le azioni saranno emesse secondo un supplemento al prospetto datato 6 agosto 2025.
La societ脿 intende utilizzare i proventi netti per scopi aziendali generali, inclusi potenziali rimborsi di debito, capitale circolante, spese in conto capitale e finanziamento di acquisizioni e investimenti.
Clearway Energy (NYSE: CWEN) ha anunciado un programa de oferta de acciones At-The-Market (ATM) por 100 millones de d贸lares. La empresa ha firmado un Acuerdo de Distribuci贸n de Acciones con varias instituciones financieras l铆deres, incluyendo Morgan Stanley, BofA Securities, Citigroup, J.P. Morgan y Wells Fargo Securities.
Bajo el acuerdo, Clearway Energy podr谩 vender acciones de su clase com煤n C a trav茅s de estos agentes, con ventas realizadas principalmente mediante transacciones ordinarias de corredores en la NYSE a precios de mercado. Las acciones ser谩n emitidas bajo un suplemento de prospecto fechado el 6 de agosto de 2025.
La compa帽铆a planea utilizar los ingresos netos para prop贸sitos corporativos generales, incluyendo posible pago de deuda, capital de trabajo, gastos de capital y financiamiento de adquisiciones e inversiones.
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Clearway Energy (NYSE : CWEN) a annonc茅 un programme d鈥檕ffre d鈥檃ctions At-The-Market (ATM) d鈥檜ne valeur de 100 millions de dollars. La soci茅t茅 a conclu un accord de distribution d鈥檃ctions avec plusieurs institutions financi猫res majeures, dont Morgan Stanley, BofA Securities, Citigroup, J.P. Morgan et Wells Fargo Securities.
Dans le cadre de cet accord, Clearway Energy pourra vendre des actions de sa cat茅gorie C 脿 travers ces agents, les ventes 茅tant principalement r茅alis茅es via des transactions ordinaires de courtiers sur le NYSE 脿 des prix du march茅. Les actions seront 茅mises selon un suppl茅ment de prospectus dat茅 du 6 ao没t 2025.
La soci茅t茅 pr茅voit d鈥檜tiliser le produit net 脿 des fins g茅n茅rales d鈥檈ntreprise, incluant le remboursement potentiel de dettes, le fonds de roulement, les d茅penses d鈥檌nvestissement ainsi que le financement d鈥檃cquisitions et d鈥檌nvestissements.
Clearway Energy (NYSE: CWEN) hat ein 100 Millionen US-Dollar At-The-Market (ATM) Aktienangebotprogramm angek眉ndigt. Das Unternehmen hat eine Aktienvertriebsvereinbarung mit mehreren f眉hrenden Finanzinstituten wie Morgan Stanley, BofA Securities, Citigroup, J.P. Morgan und Wells Fargo Securities abgeschlossen.
Im Rahmen der Vereinbarung kann Clearway Energy Aktien seiner Stammaktien der Klasse C 眉ber diese Agenten verkaufen, wobei die Verk盲ufe haupts盲chlich 眉ber gew枚hnliche Brokertransaktionen an der NYSE zu Marktpreisen erfolgen. Die Aktien werden gem盲脽 einem Prospekterg盲nzungsblatt vom 6. August 2025 ausgegeben.
Das Unternehmen plant, die Nettoerl枚se f眉r allgemeine Unternehmenszwecke zu verwenden, einschlie脽lich m枚glicher Schuldenr眉ckzahlungen, Betriebskapital, Investitionsausgaben sowie zur Finanzierung von 脺bernahmen und Investitionen.
- Flexible funding mechanism through ATM program allowing controlled equity raises
- Strong banking syndicate with five major financial institutions
- Multiple use cases for proceeds including debt reduction and growth opportunities
- Potential dilution for existing shareholders through new share issuance
- Market-dependent pricing could result in suboptimal execution
Insights
Clearway Energy's $100M ATM offering provides flexible capital raising ability without immediate dilution, supporting growth initiatives and debt management.
Clearway Energy's announcement of a
This approach offers several advantages. First, it minimizes potential market disruption and share price pressure that typically accompanies large secondary offerings. Second, it allows Clearway to opportunistically access capital when market conditions are favorable, potentially achieving better pricing. Third, the company avoids immediate dilution of existing shareholders, as shares will only be issued when needed.
The stated use of proceeds for general corporate purposes 鈥� including debt repayment, working capital, capital expenditures, and potential acquisitions 鈥� gives management considerable flexibility. For a renewable energy company like Clearway with significant capital requirements, having ready access to equity capital is particularly valuable for pursuing growth opportunities in the fast-evolving clean energy sector.
While the ATM program establishes the infrastructure for share issuance, it's important to note that Clearway is not obligated to sell the full
PRINCETON, N.J., Aug. 06, 2025 (GLOBE NEWSWIRE) -- Clearway Energy, Inc. (NYSE: CWEN, CWEN.A) (the 鈥淐ompany鈥� or 鈥淐learway Energy鈥�), today announced a
The shares will be issued pursuant to a prospectus supplement, dated August 6, 2025, to the Company鈥檚 shelf registration statement on Form S-3 (File No. 333-273804), which became effective upon filing with the Securities and Exchange Commission in the United States on August 8, 2023. Copies of the prospectus supplement may be obtained from: Morgan Stanley & Co. LLC, Attn: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014; BofA Securities, NC1-022-02-25, 201 North Tryon Street, Charlotte, NC 28255-0001, Attn: Prospectus Department or email: [email protected]; Citigroup, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 (Tel: 800-831-9146); J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 or by email at [email protected] and [email protected]; and Wells Fargo Securities, LLC, 500 West 33rd Street, New York, New York 10001, Attention: Equity Syndicate Department (fax no: 212-214-5918). You may also obtain these documents free of charge when they are available by visiting EDGAR on the SEC鈥檚 website at www.sec.gov.
The Company intends to use the net proceeds from the sale of the shares for general corporate purposes, which may include the repayment or refinancing of indebtedness and the funding of working capital, capital expenditures, acquisitions and investments, and the Company may invest funds not required immediately for such purposes in marketable securities and short-term investments.
The shares that may be issued by the Company under the ATM program have been approved for listing on the New York Stock Exchange. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor will there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Clearway Energy
Clearway Energy, Inc. is one of the largest owners of clean energy generation assets in the U.S. Our portfolio comprises approximately 12 GW of gross capacity in 27 states, including approximately 9.2 GW of wind, solar and battery energy storage systems and approximately 2.8 GW of dispatchable combustion-based power generation assets that provide critical grid reliability services. Through this environmentally-sound, diversified and primarily contracted portfolio, Clearway Energy endeavors to provide its investors with stable and growing dividend income. Clearway Energy, Inc.鈥檚 Class C and Class A common stock are traded on the New York Stock Exchange under the symbols CWEN and CWEN.A, respectively. Clearway Energy, Inc. is sponsored by its controlling investor, Clearway Energy Group LLC.
Safe Harbor Disclosure
This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements are subject to certain risks, uncertainties and assumptions, and typically can be identified by the use of words such as 鈥渆xpect,鈥� 鈥渆stimate,鈥� 鈥渢arget,鈥� 鈥渁nticipate,鈥� 鈥渇orecast,鈥� 鈥減lan,鈥� 鈥渙utlook,鈥� 鈥渂elieve鈥� and similar terms. Such forward-looking statements include, but are not limited to, statements regarding the anticipated consummation of the transactions described above, the anticipated benefits, opportunities and results with respect to such transactions and the Company鈥檚 anticipated use of proceeds from the sale of shares under the ATM program.
Although the Company believes that the expectations are reasonable, it can give no assurance that these expectations will prove to be correct, and actual results may vary materially. Factors that could cause actual results to differ materially from those contemplated above include, among others, risks and uncertainties related to the capital markets generally, whether the Company will offer or sell shares under the ATM program and the anticipated use of proceeds.
Clearway Energy undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. The foregoing review of factors that could cause Clearway Energy鈥檚 actual results to differ materially from those contemplated in the forward-looking statements included in this news release should be considered in connection with information regarding risks and uncertainties that may affect Clearway Energy鈥檚 future results included in Clearway Energy鈥檚 filings, or the filings of Clearway Energy LLC, with the Securities and Exchange Commission at www.sec.gov. In addition, Clearway Energy makes available free of charge at www.clearwayenergy.com, copies of materials it files with, or furnishes to, the Securities and Exchange Commission.
Investors:
Akil Marsh, 609-608-1500
[email protected]
Media:
Zadie Oleksiw, 202-836-5754
[email protected]
FAQ
What is the size of Clearway Energy's (CWEN) new ATM offering program?
Which investment banks are acting as agents for CWEN's ATM program?
How will Clearway Energy use the proceeds from the ATM offering?
What type of shares will be offered through CWEN's ATM program?
Where will the CWEN ATM program shares be traded?
