Pattern Energy Group Inc (NASDAQ:PEGI) has been upgraded to Hold in a statement by Zacks Investment Research earlier today.
- Updated: October 7, 2016
Having a price of $21.73, Pattern Energy Group Inc (NASDAQ:PEGI) traded -0.09% lower on the day. With the last close down -1.69% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same period. Pattern Energy Group Inc has recorded a 50-day average of $23.41 and a two hundred day average of $22.10. Trade Volume was down over the average, with 549,926 shares of PEGI changing hands under the typical 904,523
Zacks Investment Research has upgraded Pattern Energy Group Inc (NASDAQ:PEGI) to Hold in a statement released on 10/8/2016.
On 9/27/2016, UBS released a statement on Pattern Energy Group Inc (NASDAQ:PEGI) upped the target price from $0.00 to $24.00 that suggested an upside of 0.03%.
With a total market value of $0, Pattern Energy Group Inc has with a one year low of $14.56 and a one year high of $25.13 .
A total of 12 brokerages have issued a ratings update on the company. 3 brokers rating the company a strong buy, nine brokerages rating the company a buy, one analyst rating the company a hold, 0 brokers rating the stock a underperform, and finally zero firms rating the stock a sell with a consensus target price of $25.33.
About Pattern Energy Group Inc (NASDAQ:PEGI)
Pattern Energy Group Inc. (Pattern Energy) is an independent power company focused on owning and operating power projects. The Company holds interests in over 16 wind power projects located in the United States, Canada and Chile with total capacity of over 2,280 megawatts (MW). Each of its projects has contracted to sell its output pursuant to a power sale agreement. Pattern Energy sells its electricity and environmental attributes, including renewable energy credits (RECs), to local utilities under long-term and fixed-price power purchase agreements (PPAs). The Company's operating projects include 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; Grand, Ontario; Post Rock, Kansas; Lost Creek, Missouri; K2, Ontario; Logan's Gap, Texas, and Amazon Wind Farm Fowler Ridge, Indiana.
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