Short Term Rating on Pattern Energy Group (PEGI)

Pattern Energy Group (PEGI) : 7 brokerage houses believe that Pattern Energy Group (PEGI) is a Strong Buy at current levels. 3 Analyst considers the fundamentals to be worthy of a Buy recommendation. Zacks Investment Research suggests a Buy with a rank of 2.The median of all the 10 Wall Street Analysts endorse the stock as a Strong Buy with a rating of 1.3.

Pattern Energy Group (PEGI) : The consensus price target for Pattern Energy Group (PEGI) is $26.5 for the short term with a standard deviation of $3.37. The most optimist securities analyst among the 9 who monitor the stock believes that the stock can reach $35, however, the pessimist price target for the company is $23.

For the current week, the company shares have a recommendation consensus of Buy.


Pattern Energy Group (NASDAQ:PEGI): The stock opened at $24.14 on Tuesday but the bulls could not build on the opening and the stock topped out at $24.41 for the day. The stock traded down to $23.88 during the day, due to lack of any buying support eventually closed down at $23.89 with a loss of -0.75% for the day. The stock had closed at $24.07 on the previous day. The total traded volume was 1,041,221 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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