26.85 0.00 (0.00%)
After hours: 4:42PM EDT
|Bid||26.86 x 1300|
|Ask||26.86 x 3200|
|Day's Range||26.45 - 26.93|
|52 Week Range||17.23 - 27.77|
|Beta (3Y Monthly)||0.94|
|PE Ratio (TTM)||N/A|
|Earnings Date||Nov 4, 2019 - Nov 8, 2019|
|Forward Dividend & Yield||1.69 (6.46%)|
|1y Target Est||25.75|
Pattern Energy (PEGI) announces agreements to acquire Henvey Inlet and Grady Wind Facilities, result of its robust acquisition strategy and focus on renewables.
Pattern Development and Nigig Power Corporation, a wholly-owned subsidiary of Henvey Inlet First Nation, are joint venture partners in the facility, which is located on Henvey Inlet First Nation Reserve No. 2, on the northeast shore of the Georgian Bay. "This landmark project is a first on many fronts: largest single-phase wind facility in Canada , largest on-reserve wind installation in the country, and the first to develop a First Nation Environmental Stewardship Regime under the First Nations Lands Management Act," said Mike Garland , CEO of Pattern Development.
"Today's ratings affirmation follows Pattern's announcement that it will issue $260 million of perpetual preferred stock to partly fund the acquisition of ownership-interests in two Canadian wind farms, 50% in the Henvey Inlet (Ontario) and 51% in the Grady (New Mexico) projects for a total purchase price of nearly $368 million using USD to CAD exchange rate of $1.30. This total price includes Pattern's purchase of a C$97 million loan that is repayable by the Nigig Power Corporation. "Pattern's planned use of available excess cash to fund the rest of the price considerations drives our expectation that the company's consolidated debt to EBITDA run-rate will remain around 8x based on P(90) wind resource projections and applying proportional consolidation, including Pattern's 29% interest in Pattern Development", added Martel.
SAN FRANCISCO, Oct. 11, 2019 /PRNewswire/ -- Pattern Energy Group Inc. (NASDAQ and TSX: PEGI) ("Pattern Energy" or the "Company") today announced agreements to acquire ownership interests in two operating wind power facilities, the Henvey Inlet Wind facility in Ontario and the Grady Wind facility in New Mexico. The Company has also entered into an agreement for a $260 million private placement of perpetual preferred stock (the "Series A Preferred Stock") with certain institutional investors and intends to use a portion of the net proceeds to finance the two acquisitions.
Pattern Energy Group Inc. (NASDAQ:PEGI), which is in the renewable energy business, and is based in United States, saw...
SAN FRANCISCO , Oct. 2, 2019 /CNW/ -- Pattern Energy Group Inc. (NASDAQ and TSX: PEGI) ("Pattern Energy" or the "Company") today released its inaugural sustainability report of the Company's sustainable practices and environmental, social, governance (ESG) metrics in accordance with the GRI Reporting Standards: Core option. Pattern Energy is dedicated to confronting this challenge," said Mike Garland , CEO of Pattern Energy.
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SAN FRANCISCO, Sept. 4, 2019 /PRNewswire/ -- New Mexico's newest wind power facility is now up and running. Pattern Energy Group 2 LP ("Pattern Development") today announced it has completed construction and begun operations at its 220 megawatt (MW) Grady Wind facility located in Curry County, New Mexico. This is the third and final phase of a 544 MW suite of wind projects, which now represent the largest investment in clean power in the history of New Mexico.
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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 ...
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%.