|Bid||19.88 x 800|
|Ask||19.90 x 1800|
|Day's Range||19.82 - 20.14|
|52 Week Range||16.58 - 21.94|
|Beta (3Y Monthly)||1.10|
|PE Ratio (TTM)||13.04|
|Earnings Date||Feb 27, 2019 - Mar 4, 2019|
|Forward Dividend & Yield||1.69 (8.34%)|
|1y Target Est||23.19|
Through the first nine months of 2018, revenue was up 20% year over year. So what took the wind out of this company's sails last year?
Pattern Energy (PEGI) sells its minority interest in the K2 Wind power facility and plans to double its renewable production by 2020.
SAN FRANCISCO, Jan. 9, 2019 /PRNewswire/ -- Pattern Energy Group Inc. (NASDAQ and TSX: PEGI) ("Pattern Energy" or the "Company") today announced it completed the sale of the Company's 90 megawatt ("MW") minority owned interest in the K2 Wind power facility ("K2") in Ontario for a purchase price of CAD$216.0 (US$160.0 million1), to a consortium of investors led by Axium Infrastructure. "The sale of K2 at a 15.0x ten-year average CAFD multiple2 demonstrates the intrinsic value of our wind power assets and highlights our ability to selectively recycle assets in order to redeploy capital into more accretive opportunities," said Mike Garland, CEO of Pattern Energy. "We have now sold two assets, El Arrayán and K2, at significant premiums to the multiple at which we trade in the markets.
The sun may be rising on solar stocks in 2019, but according to one Wall Street analyst several popular solar stocks may be left in the shade this year. The Analyst Goldman Sachs analyst Brian Lee made ...
NEW YORK, Jan. 03, 2019 -- In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors,.
SAN FRANCISCO , Dec. 31, 2018 /PRNewswire/ -- Pattern Energy Group Inc. (NASDAQ and TSX: PEGI) ("Pattern Energy" or the "Company") today announced changes to its Board of Directors ...
The renewable energy business announced third-quarter 2018 operating results and two transactions related to wind farms in its portfolio.
Pattern Energy (PEGI) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
SAN FRANCISCO, Nov. 26, 2018 /PRNewswire/ -- Pattern Energy Group Inc. (NASDAQ and TSX: PEGI) ("Pattern Energy" or the "Company") today announced the acquisition of a 35 megawatt ("MW") owned interest in the Stillwater Wind ("Stillwater") facility from Pattern Energy Group 2 LP ("Pattern Development 2.0"). Stillwater commenced commercial operations in late October and is located in Stillwater County, Montana. Pattern Energy acquired 51% of the class B interests in Stillwater for a total cash consideration of approximately $23 million, which represents a CAFD multiple of less than 10x of the five-year average CAFD1, and was funded using available liquidity.
With tech stocks looking like an increasingly risky bet, analysts have been getting more bullish on some key defensive names. Here we use TipRanks' Trending Stocks tool to pinpoint the best-rated defensive stocks right now. All five stocks covered below have received only buy ratings from top analysts in the last three months.
SAN FRANCISCO, Nov. 19, 2018 /PRNewswire/ -- Montana has a new wind power facility. Pattern Energy Group 2 LP ("Pattern Development") today announced it has completed construction and begun operations at its 79.75 megawatt (MW) Stillwater Wind facility located in Stillwater County, Montana. "Montana has one of the strongest wind resources in the U.S. and arguably the greatest opportunity for wind development among any state in the West," said Governor Steve Bullock.
Corp. on Wednesday said they agreed to sell their stakes in the K2 Wind plant in Ontario for 216 million Canadian dollars ($165 million) apiece to a group led by private-equity firm Axium Infrastructure, the other partner in the venture. K2 is a 270-megawatt wind-power facility that began commercial operations in June 2015. Pattern, a San Francisco independent power company, said it would post a pretax gain of $65 million to $69 million on the sale, adding that it will use the proceeds for general purposes, including acquisitions and debt repayment.
SAN FRANCISCO, Nov. 7, 2018 /PRNewswire/ -- Pattern Energy Group Inc. (NASDAQ and TSX: PEGI) ("Pattern Energy" or the "Company") today announced it has entered into an agreement for the sale of the Company's 90 megawatt ("MW") minority owned interest in the K2 Wind power facility ("K2") in Ontario for a purchase price of CAD$216.0 (US$166.0 million1), to a consortium of investors led by Axium Infrastructure (the "Axium Consortium").
Pattern Energy (PEGI) delivered earnings and revenue surprises of -225.00% and -3.89%, respectively, for the quarter ended September 2018. Do the numbers hold clues to what lies ahead for the stock?
The San Francisco-based company said it had a loss of 13 cents per share. The results fell short of Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research ...
- Declares dividend of $0.4220 per Class A common share for fourth quarter 2018 - SAN FRANCISCO , Nov. 5, 2018 /PRNewswire/ -- Pattern Energy Group Inc. (the "Company" or "Pattern Energy") ...
NEW YORK, Oct. 29, 2018 -- In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors,.
There's similarities between these two high-yield renewable power players, but some big differences too.