Large Inflow of Money Witnessed in Pattern Energy Group

Pattern Energy Group (PEGI) : $17.54 million worth of transactions were on upticks in Pattern Energy Group (PEGI), compared to $4.93 million on downticks. The ratio between the two was 3.56, whereas, the net money flow stood at a healthy $12.61 million on Thursdays session.The block trades show a bullish bias with only $0.79 million worth of transactions done on downticks. The consistent buying on upticks in the stock accounted for $12.68million worth of trades. The up-down ratio between the uptick and downtick was 16.13, confirming that the stronger hands have been buying the stock on every weakness. The total money flow into the stock stood at $11.9 million. The bulls and the bears were in an equilibrium as the stock closed with a loss of -1.31%. The stock was trading at $23.43, with a drop of $0.31 over the previous days close. The stock recorded -0.68% for the week.


Pattern Energy Group (PEGI) : Average target price received by Pattern Energy Group (PEGI) is $26.33 with an expected standard deviation of $3.43. The most aggressive target on the stock is $35, whereas the most downbeat target is $23. 9 financial analysts are currently covering the stock. The stock has recorded a 20-day Moving Average of 7.7% and the 50-Day Moving Average is 11.36%.

Pattern Energy Group (NASDAQ:PEGI): The stock opened at $23.84 on Thursday but the bulls could not build on the opening and the stock topped out at $23.96 for the day. The stock traded down to $23.25 during the day, due to lack of any buying support eventually closed down at $23.43 with a loss of -1.31% for the day. The stock had closed at $23.74 on the previous day. The total traded volume was 1,780,460 shares.

Pattern Energy Group Inc. (Pattern Energy) owns and operates power projects. It holds interests in 12 wind power projects located in the United States, Canada and Chile with total capacity of 1,636 megawatts (MW). The projects consist of 11 operating projects and one project under construction. Each of its projects has contracted to sell its output pursuant to a power sale agreement. It sells its electricity and environmental attributes, including renewable energy credits (RECs), to local utilities under long-term, fixed-price power purchase agreements (PPAs). The Companys operating projects are Gulf Wind, Texas; Hatchet Ridge, California; St. Joseph, Manitoba; Spring Valley, Nevada; Santa Isabel, Puerto Rico; Ocotillo, California; South Kent, Ontario; El Arrayan, Chile; Panhandle 1, Texas; Panhandle 2, Texas, and Grand, Ontario.

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