PEGI - Pattern Energy Group Inc.

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
27.56
+0.14 (+0.51%)
At close: 4:00PM EST
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Previous Close27.42
Open27.44
Bid27.55 x 1300
Ask27.56 x 3100
Day's Range27.32 - 27.58
52 Week Range17.52 - 28.50
Volume642,896
Avg. Volume1,279,082
Market Cap2.707B
Beta (3Y Monthly)1.03
PE Ratio (TTM)N/A
EPS (TTM)-1.17
Earnings DateNov 4, 2019
Forward Dividend & Yield1.69 (6.16%)
Ex-Dividend Date2019-12-30
1y Target Est26.77
  • PR Newswire

    READ NOW: Monteverde & Associates PC Announces an Investigation of PATTERN ENERGY GROUP, INC - PEGI

    NEW YORK , Nov. 15, 2019 /PRNewswire/ -- Juan Monteverde , founder and managing partner at Monteverde & Associates PC , a national securities firm headquartered at the Empire State Building in New York ...

  • GlobeNewswire

    WLH, AXE, IBKC and PEGI, SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Reminds Investors of Investigations of Buyouts

    WILMINGTON, Del., Nov. 13, 2019 -- Rigrodsky & Long, P.A. announces that it is investigating: William Lyon Homes (NYSE: WLH) regarding possible breaches of fiduciary.

  • GlobeNewswire

    Shareholder Investigation Alert: Halper Sadeh LLP Investigates Whether the Sale of These Companies is Fair to Shareholders – FOMX, CISN, PEGI, AXE

    NEW YORK, Nov. 11, 2019 -- Halper Sadeh LLP, a global investor rights law firm, announces it is investigating the following companies: Foamix Pharmaceuticals Ltd. (NASDAQ:.

  • Moody's

    Pattern Energy Group Inc. -- Moody's announces completion of a periodic review of ratings of Pattern Energy Group Inc.

    Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Pattern Energy Group Inc. New York, November 08, 2019 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Pattern Energy Group Inc. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.

  • Business Wire

    PATTERN ENERGY INVESTOR ALERT By the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Pattern Energy Group Inc. - PEGI

    Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC are investigating the proposed sale of Pattern Energy Group Inc.

  • GlobeNewswire

    AXE, IPHS, PEGI, and SBHO SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Reminds Investors of Investigations of Buyouts

    WILMINGTON, Del., Nov. 07, 2019 -- Rigrodsky & Long, P.A. announces that it is investigating: Anixter International, Inc. (NYSE: AXE) regarding possible breaches of.

  • Clearway Energy (CWEN) Lags Q3 Earnings & Revenue Estimates
    Zacks

    Clearway Energy (CWEN) Lags Q3 Earnings & Revenue Estimates

    Clearway Energy's (CWEN) Q3 earnings are lower than expected. The company reiterated its CAFD guidance for 2019 and expects strong contribution from operating segments.

  • ACCESSWIRE

    SHAREHOLDER INVESTIGATION ALERT: Halper Sadeh LLP Investigates Whether the Sale of These Companies is Fair to Shareholders - LPT, AXE, PEGI

    NEW YORK, NY / ACCESSWIRE / November 6, 2019 / Halper Sadeh LLP, a global investor rights law firm, announces it is investigating the following companies: Liberty Property Trust (NYSE:LPT) The investigation ...

  • SHAREHOLDER ALERT: WeissLaw LLP Investigates Pattern Energy Group Inc.
    PR Newswire

    SHAREHOLDER ALERT: WeissLaw LLP Investigates Pattern Energy Group Inc.

    NEW YORK, Nov. 5, 2019 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the Board of Directors of Pattern Energy Group Inc. ("PEGI" or the "Company") (PEGI) in connection with the proposed acquisition of the Company by the Canada Pension Plan Investment Board ("CPPIB"). Under the terms of the acquisition agreement, PEGI shareholders will receive $26.75 per share in cash, a 4% discount from its closing price on the last trading day prior to the announcement of the deal.

  • Pattern Energy (PEGI) Q3 Loss Wider Than Expected, Sales Lag
    Zacks

    Pattern Energy (PEGI) Q3 Loss Wider Than Expected, Sales Lag

    Pattern Energy's (PEGI) Q3 results are adversely impacted by rising expenses despite a 6.9% year-over-year increase in electricity sales volumes.

  • ACCESSWIRE

    MERGER INVESTIGATION ALERT: Halper Sadeh LLP Investigates Whether the Sale of These Companies is Fair to Shareholders - PEGI, IBKC, WMGI

    NEW YORK, NY / ACCESSWIRE / November 5, 2019 / Halper Sadeh LLP, a global investor rights law firm, announces it is investigating the following companies: Pattern Energy Group Inc. (NASDAQ:PEGI) The investigation ...

  • PATTERN ENERGY ALERT: Bragar Eagel & Squire, P.C. Investigates Proposed Sale of PEGI and Encourages Investors to Contact the Firm
    PR Newswire

    PATTERN ENERGY ALERT: Bragar Eagel & Squire, P.C. Investigates Proposed Sale of PEGI and Encourages Investors to Contact the Firm

    NEW YORK, Nov. 4, 2019 /PRNewswire/ -- Bragar Eagel & Squire, P.C., a nationally recognized stockholder law firm, has launched an investigation into whether the board members of Pattern Energy Group Inc. (PEGI) breached their fiduciary duties or violated the federal securities laws in connection with the company's proposed sale to Canada Pension Plan Investment Board. On November 4, 2019, Pattern Energy announced that it had signed an agreement to be acquired by the Canada Pension Plan Investment Board for $26.75 per share in cash, or a total of approximately $6.1 billion. Bragar Eagel & Squire is concerned that Pattern Energy's board of directors oversaw an unfair process and ultimately agreed to an inadequate deal price.

  • Renewable power co. to leave public market after multibillion-dollar deal
    American City Business Journals

    Renewable power co. to leave public market after multibillion-dollar deal

    The company accepted a $6.1 billion bid from the Canadian Pension Plan Investment Board that will see it acquired by the second quarter of 2020.

  • PR Newswire

    ALERT: Rowley Law PLLC is Investigating Proposed Acquisition of Pattern Energy Group Inc.

    NEW YORK , Nov. 4, 2019 /PRNewswire/ -- Rowley Law PLLC is investigating potential securities law violations by Pattern Energy Group Inc. (NASDAQ: PEGI) and its board of directors concerning the proposed ...

  • Canada Pension Giant to Buy Pattern Energy for $2.6 Billion
    Bloomberg

    Canada Pension Giant to Buy Pattern Energy for $2.6 Billion

    (Bloomberg) -- Canada Pension Plan Investment Board agreed to buy Pattern Energy Group Inc. in a deal valued at $2.6 billion as big investors chase wind and solar farms that had lost luster on Wall Street.The Toronto-based pension giant will pay $26.75 a share for Pattern, a 3.8% discount to Friday’s closing price, according to a statement. Pattern’s stock is up about 16% since August following reports that the so-called yieldco had drawn interest from suitors including Brookfield Asset Management Inc.Yieldcos, which operate wind and solar farms and promise growing dividends, were darlings on Wall Street five years ago and fell out of favor as clean-energy giant SunEdison Inc. stumbled toward bankruptcy. But large investors including BlackRock Inc., Global Infrastructure Partners and Brookfield see significant value in their clean-energy projects, which boast steady returns and long-term contracts.“The yieldco as a vehicle has become somewhat maligned,” BloombergNEF analyst Ethan Zindler said in an interview. “These portfolios could find a better home privately.”Pattern’s shares fell as much as 3.3% to $26.89 Monday. That’s still above CPPIB’s price, indicating that investors believe a higher offer may be pending. The deal gives Pattern 35 days to entertain other suitors.Read More: Pattern Energy Unlikely to Get Higher Offer: Industrial AlliancePattern Energy Group is the latest yieldco to draw a buyout offer. Last year, Swiss asset manager Capital Dynamics bought the yieldco 8Point3 Energy Partners LP for $977 million. The previous year, Brookfield bought TerraForm Global Inc. for $750 million. It also bought a controlling stake in TerraForm Power Inc. from SunEdison.Yieldcos emerged more than six years ago and became major growth engines for U.S. renewable power. They allowed developers to sell solar farms to publicly-traded yieldcos they controlled and reinvest the cash to build more. Then SunEdison collapsed after relying on two yieldcos to finance a dizzying buying binge. Questions arose about its governance, and investors began to doubt whether the yieldcos could continue to pay rising dividends.Still, the yieldco model may be making a comeback. Goldman Sachs Group Inc. has launched one that has amassed at least 1 gigawatt of solar arrays, enough to power about 725,000 homes. The firm has sketched out plans to take the company public in the next few years.Development ArmPattern has 28 wind and solar projects in the U.S., Canada and Japan, as well as development projects in Mexico. The San Francisco-based company on Monday reported $119 million in revenue in the third quarter, meeting the average analyst estimate, according to a separate statement.Separately, CPPIB has agreed to purchase Pattern’s development arm at an undisclosed price, said Bruce Hogg, head of power & renewables at the Canadian fund.“Pattern is attractive because it provides scale for us and a portfolio of assets that fits our requirements,” Hogg said in an interview.Pattern Chief Executive Officer Michael Garland, who has run the company for more than a decade, will lead the combined enterprise that includes both Pattern Energy and Pattern Energy Group Holdings 2 LP, a development company. The transaction is expected to close by the second quarter. Pattern will continue paying quarterly dividends until the deal closes, according to the statement.The deal will be financed with $2.6 billion of equity from CPPIB and includes $1 billion in committed debt financing, according to a Pattern presentation Monday.Pattern “reviewed multiple bids as part of a thorough process that involved multiple parties,” Chairman Alan Batkin said in the statement.(Adds chart, company comments in 10th paragraph)\--With assistance from Will Wade and Paula Sambo.To contact the reporters on this story: Brian Eckhouse in New York at beckhouse@bloomberg.net;Christopher Martin in New York at cmartin11@bloomberg.netTo contact the editors responsible for this story: Lynn Doan at ldoan6@bloomberg.net, Joe Ryan, Joe CarrollFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • GlobeNewswire

    SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Investors of an Investigation Regarding Whether the Sale of Pattern Energy Group Inc. to Canada Pension Plan Investment Board is Fair to Shareholders

    NEW YORK, Nov. 04, 2019 -- The following statement is being issued by Levi & Korsinsky, LLP: To: All Persons or Entities who purchased Pattern Energy Group Inc. (“Pattern.

  • ACCESSWIRE

    PATTERN ENERGY GROUP INC. SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation Of Buyout

    WILMINGTON, DE / ACCESSWIRE / November 4, 2019 / Rigrodsky & Long, P.A.: Do you own shares of Pattern Energy Group Inc. (NASDAQ: PEGI )? Did you purchase any of your shares prior to November 4, 2019? Do ...

  • GlobeNewswire

    Shareholder Investigation Alert: Halper Sadeh LLP Investigates Whether the Sale of These Companies is Fair to Shareholders – PEGI, IBKC, WMGI, AXE

    NEW YORK, Nov. 04, 2019 -- Halper Sadeh LLP, a global investor rights law firm, announces it is investigating the following companies: Pattern Energy Group Inc. (NASDAQ:.

  • PR Newswire

    Shareholder Alert: Ademi & O'Reilly, LLP Investigates whether Pattern Energy Group Inc. has obtained a Fair Price in its sale to the Canada Pension Plan Investment Board

    MILWAUKEE , Nov. 4, 2019 /PRNewswire/ -- Ademi & O'Reilly, LLP is investigating Pattern Energy (Nasdaq: PEGI) for possible breaches of fiduciary duty and other violations of the law in connection with ...

  • Pattern Energy (PEGI) Reports Q3 Loss, Misses Revenue Estimates
    Zacks

    Pattern Energy (PEGI) Reports Q3 Loss, Misses Revenue Estimates

    Pattern Energy (PEGI) delivered earnings and revenue surprises of -5200.00% and -14.36%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?

  • Reuters

    UPDATE 2-Renewable power firm Pattern Energy to be bought by CPPIB for $2.6 bln

    Renewable power producer Pattern Energy Group Inc said on Monday it agreed to be taken private by the Canada Pension Plan Investment Board (CPPIB) for $2.63 billion. Shareholders of Pattern Energy, which owns wind and solar projects in North America and Japan, will receive $26.75 per share, according to a statement announcing the deal, a discount of about 4% to the stock's close on Friday. While the deal is subject to a 35-day go-shop process, which would allow another suitor to outbid CPPIB, Pattern Energy Chairman Alan Batkin said there had been a robust sale process ahead of Monday's announcement.

  • Reuters

    Renewable power firm Pattern Energy to be bought by CPPIB for $2.6 billion

    Shareholders of Pattern Energy, which owns wind and solar projects in North America and Japan, will receive $26.75 per share, according to a statement announcing the deal, a discount of about 4% to the stock's close on Friday. While the deal is subject to a 35-day go-shop process, which would allow another suitor to outbid CPPIB, Pattern Energy Chairman Alan Batkin said there had been a robust sale process ahead of Monday's announcement. Pension and infrastructure funds have been investing more in the renewable energy space, given the steady returns such assets generate.

  • MarketWatch

    Pattern Energy to be acquired by CPPIB in all-cash deal valued at $6.1 billion, including debt

    Renewable energy company Pattern Energy Group Inc. said Monday it has reached an agreement to be acquired by Canada Pension Plan Investment Board, or CPPIB, in an all-cash deal valued at about $6.1 billion, including debt. Under the terms of the deal, CPPIB will pay $26.75 per Pattern Energy share, equal to a premium of about 14.7% over the stock's closing price on Aug. 9, the last trading day prior to market speculation about the possible deal. CPPIB has an agreement with Riverstone Holdings LLC to combine Pattern Energy with Pattern Development, a renewable energy and transmission company with a history in wind energy. The new entity will be led the Pattern Energy management team, headed by Chief Executive Mike Garland. The deal is expected to close in the second quarter of 2020. Pattern Energy shares were halted for the news, but have gained 49% in 2019, while the S&P 500 has gained 22%.

  • CNW Group

    Pattern Energy Reports Third Quarter 2019 Financial Results

    Pattern Energy Reports Third Quarter 2019 Financial Results