SCHEDULE: Neuberger Berman Discloses Stake in Clearway Energy

Neuberger Berman Group LLC and its affiliate Neuberger Berman Investment Advisers LLC have filed a Schedule 13G, reporting beneficial ownership of 3.8% of Clearway Energy Inc.'s common stock as of May 31, 2026.

Summary

• Neuberger Berman Group LLC and Neuberger Berman Investment Advisers LLC have filed an amendment to their Schedule 13G filing.
• The filing indicates that as of May 31, 2026, Neuberger Berman Group LLC beneficially owns 4,559,315 shares of Clearway Energy Inc. common stock.
• This represents approximately 3.8% of the class of securities.
• Neuberger Berman Investment Advisers LLC beneficially owns 4,545,386 shares, also representing approximately 3.8% of the class of securities.
• The filing clarifies that various entities within Neuberger Berman may be deemed to beneficially own these securities in their fiduciary capacities.
• Neuberger Berman Group LLC, through its subsidiaries, controls these entities.
• The filing explicitly states that this is not an admission of beneficial ownership and disclaims beneficial ownership of the securities covered by the statement.
• Securities held by other subsidiaries separated by an information barrier are not reflected in this filing.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing. It's a standard disclosure of a passive investment stake by an institutional investor, with no new strategic information or significant financial performance data.

Positives

• Neuberger Berman Group LLC and its affiliate maintain a significant, though passive, stake in Clearway Energy Inc., indicating continued investor confidence.
• The filing is an amendment to a Schedule 13G, suggesting ongoing monitoring and reporting of holdings, which is standard practice for institutional investors.

Negatives

• The filing explicitly disclaims beneficial ownership and states that the securities were not acquired or held for the purpose of influencing control, suggesting a passive investment role rather than an activist one.

Risks

• The disclaimer of beneficial ownership and intent to influence control suggests that Neuberger Berman's investment is passive and may not lead to strategic initiatives that could benefit Clearway Energy.
• The exclusion of securities held by certain separated subsidiaries due to information barriers could obscure the full extent of Neuberger Berman's potential influence or holdings.

Future Outlook

The filing does not contain forward-looking statements or guidance regarding future performance or strategy. It is a disclosure of current beneficial ownership.

Management Comments

• "This report is not an admission that any of these entities are the beneficial owner of the securities covered by this report and each of Neuberger Berman Group LLC, Neuberger Berman Investment Advisers Holdings LLC, Neuber Trust Holdings LLC, Neuberger Berman Trust Co. N.A., Neuberger Berman Asia Ltd., Neuberger Berman Canada ULC, Neuberger Berman Trust Co. of Delaware N.A. and Neuberger Berman Investment Advisers LLC and certain affiliated persons disclaim beneficial ownership of the securities covered by this statement pursuant to Exchange Act Rule 13d-4."
• "The securities of the issuer, if any, that may be deemed to be beneficially owned by NB Alternatives Advisers LLC and other subsidiaries of Neuberger Berman Group LLC that are separated from the NBG Filers by an information barrier in accordance with SEC Release No. 34-39538 (January 12, 1998) are not reflected in this filing."
• "By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11."

Industry Context

StockSavvy.ai notes that this Schedule 13G filing by Neuberger Berman Group LLC and its affiliate is a routine disclosure for institutional investors exceeding a certain ownership threshold in a publicly traded company. It signifies a passive investment position rather than an active attempt to gain control or influence management decisions.

Stakeholder Impact

• Shareholders: The filing provides transparency regarding a significant institutional investor's stake, which can be a factor in market perception, but the passive nature of the investment suggests limited immediate impact on share price or corporate strategy.
• Management of Clearway Energy Inc.: The filing confirms Neuberger Berman's passive investment approach, indicating no immediate threat of a takeover or pressure for strategic changes from this specific holder.

Next Steps

• Continued monitoring of Clearway Energy Inc.'s performance and stock price by Neuberger Berman Group LLC and its affiliates.
• Potential future amendments to the Schedule 13G filing if ownership levels change significantly.

Key Dates

Keywords

Clearway Energy Inc, Schedule 13G, Neuberger Berman Group LLC, Neuberger Berman Investment Advisers LLC, Beneficial Ownership, Common Stock, SEC Filing, Investment Holding