Pattern Energy Group (PEGI) has risen sharply, recording gains of 0.25% in the past 4 weeks. However, the stock has corrected -2.86% in the past 1 week, providing a good buying opportunity on dips. Pattern Energy Group (PEGI) : During the past 4 weeks, traders have been relatively bearish on Pattern Energy Group (PEGI), hence the stock is down -0.77% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -2.91% relative to the S&P 500.
The stock has recorded a 20-day Moving Average of 1.2% and the 50-Day Moving Average is 3.86%. Pattern Energy Group (NASDAQ:PEGI): On Fridays trading session , Opening price of the stock was $23.91 with an intraday high of $23.99. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $23.77. However, the stock managed to close at $23.81, a loss of 0.42% for the day. On the previous day, the stock had closed at $23.91. The total traded volume of the day was 1,319,840 shares.
The company Insiders own 1.15% of Pattern Energy Group shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -3.96% . During last six month period, the net percent change held by insiders has seen a change of -3.96%.
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.