Zacks Investment Research downgraded Pattern Energy Group Inc (NASDAQ:PEGI) to Sell in a report released today.
- Updated: September 17, 2016
Having a price of $23.68, Pattern Energy Group Inc (NASDAQ:PEGI) traded 0.47% lower on the day. With the last stock price up 6.67% from the 200-day moving average, compared with the S&P 500 which has decreased -0.01% over the same period. PEGI has recorded a 50-day moving average of $23.88 and 200-day average of $21.65. Trading volume was was down over the average, with 888,679 shares of PEGI changing hands under the typical 1,015,840 shares.
Zacks Investment Research has downgraded Pattern Energy Group Inc(NASDAQ:PEGI) to Sell in a statement released 8/18/2016.
Recent Performance Graphic:
A total of 12 brokers have released a ratings update on PEGI. Three analysts rate the stock a strong buy, nine firms rate the stock a buy, one firm rate the company a hold, 0 rate the stock to underperform, and finally 0 brokeragesrate the stock as sell with a one year target of $25.33
Pattern Energy Group Inc has a one-year low of $14.56 and a 52 week high of $25.13 and has a total market value of $0.0.
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, and Indiana.
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