Recent Investment Analysts’ Ratings Updates for Pattern Energy Group (PEGI)

Pattern Energy Group (NASDAQ: PEGI) has recently received a number of price target changes and ratings updates:

  • 2/14/2018 – Pattern Energy Group had its price target lowered by analysts at National Bank Financial from $26.00 to $25.00. They now have an “outperform” rating on the stock.
  • 2/14/2018 – Pattern Energy Group was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Pattern Energy Group Inc. is a premium power company. It engages in developing, constructing, owning and operating wind power. The company’s project situated primarily in the United States, Canada and parts of Latin America. Pattern Energy Group Inc. is based in San Francisco, United States. “
  • 2/9/2018 – Pattern Energy Group was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 2/7/2018 – Pattern Energy Group had its price target lowered by analysts at National Bank Financial from $28.00 to $26.00. They now have an “outperform” rating on the stock.
  • 2/6/2018 – Pattern Energy Group had its “buy” rating reaffirmed by analysts at BMO Capital Markets. They now have a $26.00 price target on the stock.
  • 2/2/2018 – Pattern Energy Group was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.
  • 1/13/2018 – Pattern Energy Group was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 1/10/2018 – Pattern Energy Group was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Pattern Energy Group Inc. is a premium power company. It engages in developing, constructing, owning and operating wind power. The company’s project situated primarily in the United States, Canada and parts of Latin America. Pattern Energy Group Inc. is based in San Francisco, United States. “

Pattern Energy Group Inc (PEGI) opened at $18.57 on Thursday. Pattern Energy Group Inc has a 1-year low of $18.15 and a 1-year high of $26.56. The stock has a market cap of $1,820.00, a price-to-earnings ratio of 464.25, a PEG ratio of 3.32 and a beta of 0.88. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.87.

In other news, insider Esben W. Pedersen sold 2,400 shares of the business’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $22.53, for a total transaction of $54,072.00. Following the completion of the transaction, the insider now owns 141,011 shares of the company’s stock, valued at $3,176,977.83. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In the last three months, insiders have sold 7,200 shares of company stock valued at $155,112. Corporate insiders own 1.60% of the company’s stock.

Pattern Energy Group Inc is an independent power company focused on owning and operating power projects. The Company holds interests in over 18 wind power projects located in the United States, Canada and Chile with total capacity of over 2,644 megawatts (MW). Each of its projects has contracted to sell its output pursuant to a power sale agreement.

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