|Bid||25.24 x 1300|
|Ask||26.83 x 800|
|Day's Range||25.66 - 26.43|
|52 Week Range||17.23 - 26.65|
|Beta (3Y Monthly)||1.10|
|PE Ratio (TTM)||N/A|
|Earnings Date||Nov 4, 2019 - Nov 8, 2019|
|Forward Dividend & Yield||1.69 (7.36%)|
|1y Target Est||24.71|
David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Pattern Energy Group (NASDAQ: PEGI ) confirmed it's responding to a request from the Investment Industry Regulatory Organization of Canada to comment on recent media reports. Pattern Energy says it has ...
(Bloomberg) -- Pattern Energy Group Inc., a power producer that owns wind and solar farms in the U.S., Canada and Japan, has “drawn interest” from potential takeover suitors, according to a statement Tuesday."No agreement or arrangement for any transaction has been reached," the San Francisco-based company said in the statement, confirming an earlier report in Bloomberg News. "Pattern Energy has a track record of regularly assessing various types of transactions that may be in the best interests of Pattern Energy and its shareholders."Pattern Energy is working with a financial adviser after drawing interest from suitors including Brookfield Asset Management Inc., which has floated the idea of merging the company with TerraForm Power Inc., according to people familiar with the matter, who asked to not be identified because the matter isn’t public. Brookfield owns about 65% of TerraForm Power, according to data compiled by Bloomberg.Talks are ongoing, no decision has been made and the company could opt to remain independent, the people said.Pattern rose 8% Monday on the news, its largest gain since December 2015. The company has a market value of about $2.5 billion. It had $2.5 billion in total debt at June 30, according to data compiled Bloomberg.Pattern Energy has 26 wind and solar energy projects in the U.S., Canada and Japan, as well as additional development projects in Mexico, according to its website. It went public in 2013 as a so-called yieldco, or renewable power company that doles out much of the cash it collects from electricity sales as dividends to investors.Yieldcos fell out of favor with investors about four years ago after some of them faltered.\--With assistance from Brian Eckhouse.To contact the reporters on this story: Scott Deveau in New York at firstname.lastname@example.org;Kiel Porter in Chicago at email@example.comTo contact the editors responsible for this story: Liana Baker at firstname.lastname@example.org, Matthew Monks, Michael HythaFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Pattern Energy Group Inc. on Tuesday confirmed that it has drawn interest from third parties and is responding to their inquiries "as appropriate." The San Francisco-based, independent power company said it was responding to a request from the Investment Industry Regulatory Organization of Canada to comment on recent media reports. The stock is also listed on the Toronto exchange. "A transaction may or may not be agreed as a result of any such inquiries or discussions," the company said in a statement, adding that it regularly assesses potential deals, that include joint ventures, asset M&A, debt and equity capital transactions, and project debt refinancings. The company will not make any further public statements on rumors or speculation unless it deems it to be necessary. The stock was halted for the news, but has gained 35% in 2019, while the S&P 500 has gained 15%.
SAN FRANCISCO , Aug. 13, 2019 /CNW/ -- Pattern Energy Group Inc. (NASDAQ and TSX: PEGI) ("Pattern Energy" or the "Company") is today responding to a request from the Investment Industry Regulatory Organization of Canada to comment on recent media reports.
Pattern Energy Group (PEGI) incurs loss in Q2 versus earnings a year ago. Volumes of electricity sold during the quarter drop year over year due to unfavorable wind conditions.
Pattern Energy (PEGI) delivered earnings and revenue surprises of -275.00% and -8.47%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?
Pattern Energy (PEGI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
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