UBS reported on Pattern Energy (NASDAQ:PEGI), bumping up its price target to $24.00 earlier today
- Updated: September 27, 2016
Pattern Energy (NASDAQ:PEGI) had its target bumped up to $24.00 by UBS in a report issued Tuesday September 27, 2016. The new target price indicates a possible upside of 0.03% from the company's last stock close price.
Displaying a price of $23.34, Pattern Energy (NASDAQ:PEGI) traded -2.02% lower on the day. With the last stock price close up 6.41% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same time period. The company has recorded a 50-day moving average of $23.81 and a 200-day moving average of $21.93. 453,146 shares of PEGI traded, down from an avg. trading volume of 949,945
Pattern Energy has a with a 52 week low of $14.56 and a one year high of $25.13 Pattern Energy’s market capitalization is currently $0.
A total of 12 equity analysts have issued a ratings update on the company. 3 brokers rating the stock a strong buy, nine equity analysts rating the company a buy, one analyst rating the company a hold, 0 brokers rating the company a underperform, and finally zero firms rating the stock a sell with a consensus target price of $25.33.
Brief Synopsis About Pattern Energy (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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