Pattern Energy Group (NASDAQ:PEGI), A drop of 93,244 shares or 1.2% was seen in the short interest of Pattern Energy Group Inc. – Class A Common Stock. Even as the interest dropped from 7,991,352 shares on May 31,2016 to 7,898,108 shares on June 15,2016, the days to cover came in at 10. The updated interest stood at 13.9% of the stocks floats. The stock has seen an average daily volume of 753,320 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Pattern Energy Group (NASDAQ:PEGI): The stock opened at $21.75 on Friday but the bulls could not build on the opening and the stock topped out at $22.13 for the day. The stock traded down to $21.54 during the day, due to lack of any buying support eventually closed down at $22.02 with a loss of -3.59% for the day. The stock had closed at $22.84 on the previous day. The total traded volume was 2,578,705 shares.
The company shares have dropped -24.10% from its 1 Year high price. On Jun 29, 2015, the shares registered one year high at $30.19 and the one year low was seen on Feb 29, 2016. The 50-Day Moving Average price is $21.18 and the 200 Day Moving Average price is recorded at $19.45.
Pattern Energy Group (NASDAQ:PEGI) has climbed 4.41% in the past week and advanced 2.9% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 6.14% and the outperformance has advanced to 6.01% for the last 4 weeks period.
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.