We have detected what looks like a dark pool buy order in CWEN stock on January 9, 2020.
This dark pool buy order may be from the fact that we are entering the seasonally strong time of year for energy sector stocks.
Back on December 9, 2019, Clearway Energy, Inc. (NYSE: CWEN, CWEN.A) announced it has completed the acquisition of the 527 MW Carlsbad Energy Center (Carlsbad) from Global Infrastructure Partners III (GIP) for a purchase price of $184 million1. The transaction closed on December 6, 2019.
“The closing of the Carlsbad transaction is an important milestone for Clearway as it provides both diversification and significant accretive growth,” said Christopher Sotos, Clearway Energy, Inc.’s President and Chief Executive Officer. “As we await the final resolution of the PG&E bankruptcy, with Carlsbad now in the portfolio, the Company is able to advance its business plan and remains well positioned to deliver upon its long-term growth objectives.”
Carlsbad is a 527 MW natural gas fired facility located in Carlsbad, CA. The project has a 20-year power purchase and tolling agreement with San Diego Gas and Electric Company, with approximately 19 years remaining under the agreement. The project is expected to have a five-year average annual asset CAFD of approximately $27 million beginning in 2020.
What’s Next? Make Sure To Review This Lesson On Dark Pool Trading!