Clearway Energy, Inc. (NYSE: CWEN, CWEN.A) has just announced a $100,000,000 at-the-market (ATM) equity offering program. The company will be offering and selling shares of its class C common stock through an equity distribution agreement with Morgan Stanley, BofA Securities, Citigroup, J.P. Morgan, and Wells Fargo Securities.
These shares will be issued pursuant to a prospectus supplement dated August 6, 2025, to the company’s shelf registration statement on Form S-3. The company intends to use the net proceeds from the sale of the shares for general corporate purposes, including the repayment or refinancing of indebtedness, funding of working capital, capital expenditures, acquisitions, investments, and potentially in marketable securities and short-term investments.
Clearway Energy, Inc. is one of the largest owners of clean energy generation assets in the U.S., with a portfolio comprising approximately 12 GW of gross capacity in 27 states. This includes approximately 9.2 GW of wind, solar, and battery energy storage systems, as well as approximately 2.8 GW of dispatchable combustion-based power generation assets.
The press release does 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. Today the company's shares have moved -3.33% to a price of $31.61. For more information, read the company's full 8-K submission here.