National Bank Financial Comments on Pattern Energy Group Inc’s Q3 2016 Earnings (PEG)
Pattern Energy Group Inc (TSE:PEG) – Research analysts at National Bank Financial raised their Q3 2016 earnings estimates for Pattern Energy Group in a research note issued to investors on Wednesday. National Bank Financial analyst R. Merer now forecasts that the firm will post earnings per share of ($0.13) for the quarter, up from their prior forecast of ($0.14). National Bank Financial also issued estimates for Pattern Energy Group’s Q4 2016 earnings at $0.19 EPS, FY2016 earnings at ($0.40) EPS and FY2017 earnings at $0.56 EPS.
Separately, Royal Bank Of Canada boosted their price objective on Pattern Energy Group from C$32.00 to C$33.00 in a report on Tuesday, July 5th.
Pattern Energy Group (TSE:PEG) opened at 28.64 on Monday. The stock’s market capitalization is $2.18 billion. Pattern Energy Group has a 1-year low of $20.50 and a 1-year high of $35.00. The company has a 50-day moving average price of $30.38 and a 200 day moving average price of $28.82.
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Pattern Energy Group Company Profile
Pattern Energy Group Inc (Pattern Energy) is an independent power company focused on owning and operating power projects. The Company holds interests in over 16 wind power projects located in the United States, Canada and Chile with total capacity of over 2,280 megawatts (MW). Each of its projects has contracted to sell its output pursuant to a power sale agreement.
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