Clearway Energy Inc. (CLEA) – Securities Investigation
Are you concerned about your investment in Clearway Energy Inc.? The company’s stock has reprotedly lost about 27% of its value since the disastrous Camp Fire started on November 8.
Clearway Inc. (NYSE: CWEN), a renewable energy yieldco, operates as a subsidiary of NRG Energy Inc. (NYSE: NRG), and its stock has lost about 12% in the past week as investors worry about whether PG&E will honor its power purchase agreements (PPAs) with the company after filing for Chapter 11 bankruptcy protection.
Yieldcos are similar to master limited partnerships (MLPs) that rule the energy infrastructure sector with pipelines and storage facilities to transport and store oil and gas and the main function of which is to spin off cash distributions, primarily to the parent (sponsor) company.
Other yieldcos have also reportedly dropped due to the PGE Bankrutpcy, including NextEra Energy Partners L.P. (NYSE: NEP), Atlantica Yield PLC (NASDAQ: AY Patterson Energy Group Inc. (NASDAQ: PEGI).
Free Consultation with a Securities Attorney
Your financial advisor has a responsibility to perform adequate due diligence on any investment before recommending it to you. If your advisor unsuitably recommended Clearway Energy Inc., and you lost money, the securities attorneys at The White Law Group may be able to help you by filing a FINRA Arbitration claim against the brokerage firm that sold you the investment.
For a free consultation with a securities attorney, please contact the offices of The White Law Group at 1-888-637-5510.
The White Law Group is a national securities fraud, securities arbitration, and investor protection law firm with offices in Chicago, Illinois and Vero Beach, Florida.
FINRA provides an arbitration forum for investors to resolve disputes. The White Law Group represents investors in FINRA arbitration claims throughout the country. Visit the firm’s homepage to learn more about the firm’s representation of investors.