NRG Energy has repurchased approximately $300 million of its common stock from certain stockholders in a privately negotiated transaction. This buyback was conducted concurrently with a registered secondary public offering of 14.3 million shares by the same stockholders, from which NRG will receive no proceeds.
Key Details
- Share Repurchase: NRG repurchased 1,829,269 shares for a total of approximately $300 million on March 4, 2026, as part of its existing share repurchase program.
- Secondary Offering: On March 2, 2026, Selling Stockholders (Lightning Power Holdings, Thunder Generation, and CCS Power Holdings) agreed to sell 14,300,000 shares. The underwriters have a 30-day option for an additional 2,145,000 shares.
- Lock-Up Agreement: The Selling Stockholders agreed to a 45-day lock-up period for their remaining 8.1 million shares, effective from the date of the underwriting agreement.