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NASDAQ:PEGI - Pattern Energy Group Stock Price, Forecast & News

$26.74
0.00 (0.00 %)
(As of 03/16/2020)
Today's Range
$26.74
Now: $26.74
$26.74
50-Day Range
$26.16
MA: $27.15
$28.30
52-Week Range
$20.70
Now: $26.74
$28.50
Volume100 shs
Average Volume3.22 million shs
Market Capitalization$2.63 billion
P/E RatioN/A
Dividend Yield6.31%
Beta1.05
Pattern Energy Group Inc. operates as an integrated renewable energy company. The company operates in two segments, Operating Business and Development Business. The Operating Business segment holds interest in 24 renewable energy projects with an operating capacity that totals approximately 4 gigawatts located in the United States, Canada, and Japan. The Development Business segment develops and sells renewable energy projects focusing on wind, solar, storage, and transmission primarily in the United States, Canada, Japan,and Mexico. Pattern Energy Group Inc. sells electricity and renewable energy credits primarily to local utilities and local liquid independent system organizations markets. The company was founded in 2012 and is headquartered in San Francisco, California.
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Industry, Sector and Symbol

Industry Electric services
Sub-IndustryN/A
SectorUtilities
Current SymbolNASDAQ:PEGI
CUSIPN/A
Phone415-283-4000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$541 million
Cash Flow$3.28 per share
Book Value$23.93 per share

Profitability

Net Income$-31,000,000.00

Miscellaneous

Employees209
Market Cap$2.63 billion
Next Earnings Date5/8/2020 (Estimated)
OptionableOptionable

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Pattern Energy Group (NASDAQ:PEGI) Frequently Asked Questions

How has Pattern Energy Group's stock been impacted by COVID-19 (Coronavirus)?

Pattern Energy Group's stock was trading at $26.75 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, PEGI stock has decreased by 0.0% and is now trading at $26.74. View which stocks have been mosted impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Pattern Energy Group?

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Pattern Energy Group in the last year. There are currently 1 sell rating and 6 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Pattern Energy Group.

When is Pattern Energy Group's next earnings date?

Pattern Energy Group is scheduled to release its next quarterly earnings announcement on Friday, May 8th 2020. View our earnings forecast for Pattern Energy Group.

How were Pattern Energy Group's earnings last quarter?

Pattern Energy Group Inc (NASDAQ:PEGI) announced its quarterly earnings data on Monday, March, 2nd. The utilities provider reported $0.54 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.02 by $0.52. The utilities provider had revenue of $147 million for the quarter, compared to analysts' expectations of $137.54 million. Pattern Energy Group had a negative net margin of 5.73% and a negative return on equity of 1.52%. The business's revenue was up 30.1% on a year-over-year basis. During the same period last year, the firm earned ($0.15) EPS. View Pattern Energy Group's earnings history.

How often does Pattern Energy Group pay dividends? What is the dividend yield for Pattern Energy Group?

Pattern Energy Group declared a quarterly dividend on Monday, March 2nd. Stockholders of record on Tuesday, March 31st will be given a dividend of $0.422 per share on Thursday, April 30th. This represents a $1.69 annualized dividend and a yield of 6.31%. The ex-dividend date is Monday, March 30th. View Pattern Energy Group's dividend history.

What price target have analysts set for PEGI?

7 brokers have issued 1-year price targets for Pattern Energy Group's stock. Their forecasts range from $23.50 to $27.00. On average, they anticipate Pattern Energy Group's stock price to reach $25.94 in the next twelve months. This suggests that the stock has a possible downside of 3.0%. View analysts' price targets for Pattern Energy Group.

Has Pattern Energy Group been receiving favorable news coverage?

News coverage about PEGI stock has been trending negative on Sunday, InfoTrie reports. The research group identifies positive and negative press coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Pattern Energy Group earned a media sentiment score of -2.0 on InfoTrie's scale. They also assigned media headlines about the utilities provider a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the stock's share price in the near term. View the latest news aboutPattern Energy Group.

Are investors shorting Pattern Energy Group?

Pattern Energy Group saw a increase in short interest in the month of February. As of February 14th, there was short interest totaling 3,310,000 shares, an increase of 15.3% from the January 30th total of 2,870,000 shares. Based on an average daily trading volume, of 1,080,000 shares, the days-to-cover ratio is currently 3.1 days. Approximately 3.4% of the company's shares are sold short. View Pattern Energy Group's Current Options Chain.

Who are some of Pattern Energy Group's key competitors?

What other stocks do shareholders of Pattern Energy Group own?

Who are Pattern Energy Group's key executives?

Pattern Energy Group's management team includes the following people:
  • Mr. Michael M. Garland, CEO & Director (Age 68)
  • Mr. Michael J. Lyon, Pres (Age 60)
  • Mr. Esben W. Pedersen, Chief Financial Officer (Age 46)
  • Mr. Daniel M. Elkort, Exec. VP, Chief Legal Officer & Chief Compliance Officer (Age 61)
  • Mr. Hunter H. Armistead, Pres of Pattern Devel. & Exec. VP of Bus. Devel. (Age 50)

What is Pattern Energy Group's stock symbol?

Pattern Energy Group trades on the NASDAQ under the ticker symbol "PEGI."

Who are Pattern Energy Group's major shareholders?

Pattern Energy Group's stock is owned by many different institutional and retail investors. Top institutional investors include State Street Corp (2.06%), UBS Group AG (2.04%), CNH Partners LLC (1.59%), Beach Investment Counsel Inc. PA (1.21%), Bank of Montreal Can (1.21%) and Water Island Capital LLC (1.10%). Company insiders that own Pattern Energy Group stock include Christopher M Shugart, Esben W Pedersen and Kevin E Devlin. View institutional ownership trends for Pattern Energy Group.

Which major investors are selling Pattern Energy Group stock?

PEGI stock was sold by a variety of institutional investors in the last quarter, including CI Investments Inc., Intact Investment Management Inc., Beach Investment Counsel Inc. PA, Advisors Asset Management Inc., Phoenix Holdings Ltd., Alliancebernstein L.P., Shelton Capital Management, and Nuveen Asset Management LLC. View insider buying and selling activity for Pattern Energy Group.

Which major investors are buying Pattern Energy Group stock?

PEGI stock was bought by a variety of institutional investors in the last quarter, including UBS Group AG, CNH Partners LLC, Water Island Capital LLC, Norges Bank, Bank of Montreal Can, Vivaldi Asset Management LLC, Gabelli Funds LLC, and FIL Ltd. View insider buying and selling activity for Pattern Energy Group.

How do I buy shares of Pattern Energy Group?

Shares of PEGI can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Pattern Energy Group's stock price today?

One share of PEGI stock can currently be purchased for approximately $26.74.

How big of a company is Pattern Energy Group?

Pattern Energy Group has a market capitalization of $2.63 billion and generates $541 million in revenue each year. The utilities provider earns $-31,000,000.00 in net income (profit) each year or ($0.35) on an earnings per share basis. Pattern Energy Group employs 209 workers across the globe. View additional information about Pattern Energy Group.

What is Pattern Energy Group's official website?

The official website for Pattern Energy Group is http://www.patternenergy.com/.

How can I contact Pattern Energy Group?

Pattern Energy Group's mailing address is 1088 SANSOME STREET, SAN FRANCISCO CA, 94111. The utilities provider can be reached via phone at 415-283-4000 or via email at [email protected]


MarketBeat Community Rating for Pattern Energy Group (NASDAQ PEGI)

Community Ranking:  2.7 out of 5 (star star)
Outperform Votes:  490 (Vote Outperform)
Underperform Votes:  410 (Vote Underperform)
Total Votes:  900
MarketBeat's community ratings are surveys of what our community members think about Pattern Energy Group and other stocks. Vote "Outperform" if you believe PEGI will outperform the S&P 500 over the long term. Vote "Underperform" if you believe PEGI will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 3/29/2020 by MarketBeat.com Staff

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