SCHEDULE: Neuberger Berman Discloses Stake in Clearway Energy

Neuberger Berman Group LLC and its affiliates report beneficial ownership of 5.2% of Clearway Energy Inc.'s common stock as of March 31, 2026.

Summary

• Neuberger Berman Group LLC and its affiliates, including Neuberger Berman Investment Advisers LLC, have filed a Schedule 13G indicating beneficial ownership of 4,464,250 shares of Clearway Energy Inc. common stock.
• This represents 5.2% of the class of securities.
• The filing date is March 31, 2026, and the event requiring the filing is the acquisition or change in ownership status.
• The reporting entities are organized in Delaware.
• Neuberger Berman Group LLC, through its subsidiaries, controls various entities that may be deemed to beneficially own these securities in their fiduciary capacities.
• The filing explicitly states that this is not an admission of beneficial ownership and disclaims beneficial ownership beyond their fiduciary roles.
• Securities held by entities separated by an information barrier, such as NB Alternatives Advisers LLC, are not included in this filing.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing. It's a routine disclosure of an institutional investor's passive stake and does not inherently signal positive or negative performance for the underlying company.

Positives

• Neuberger Berman Group LLC has taken a significant, though passive, stake in Clearway Energy Inc., indicating confidence in the company's business model or future prospects.
• The filing is a standard disclosure for institutional investors exceeding a certain ownership threshold, demonstrating compliance with regulatory requirements.

Negatives

• The filing does not contain any negative financial performance indicators or operational challenges for Clearway Energy Inc. itself, as it is a disclosure of ownership by an external entity.

Risks

• The filing does not explicitly mention risks related to Clearway Energy Inc. The primary risk associated with this type of filing is the potential for future changes in beneficial ownership by Neuberger Berman, which could impact the stock price.
• The disclaimer of beneficial ownership and economic interest by Neuberger Berman Group LLC and its affiliates suggests a complex ownership structure, which could introduce ambiguity for investors regarding ultimate control or influence.

Future Outlook

The filing itself does not contain forward-looking statements or guidance from Clearway Energy Inc. It is a disclosure of ownership by Neuberger Berman Group LLC.

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."
• "Neuberger Berman Group LLC or its affiliated persons do not, however, have any economic interest in the securities of those clients. The clients have the sole right to receive and the power to direct the receipt of dividends from or proceeds from the sale of such securities."

Industry Context

StockSavvy.ai notes that institutional investors like Neuberger Berman frequently take significant stakes in publicly traded companies, particularly in sectors like energy infrastructure where Clearway Energy operates. This filing indicates a notable investment by a major asset manager.

Stakeholder Impact

• Shareholders: The filing indicates a significant institutional investor's passive interest, which can be seen as a vote of confidence, but the disclaimer of direct control limits immediate impact.
• Management of Clearway Energy Inc.: The company is aware of Neuberger Berman's stake and its passive nature.
• Regulators: The filing ensures compliance with SEC disclosure requirements.

Next Steps

• Monitor future filings by Neuberger Berman Group LLC for any changes in their stake in Clearway Energy Inc.
• Observe Clearway Energy Inc.'s operational and financial performance reports for insights into the company's underlying value.

Key Dates

Keywords

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