On a relative basis, the stock has outperformed the S&P 500 by 10.5% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.72% in the last 1 week, and is up 12.29% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The company shares have dropped -18.66% from its 1 Year high price. On Jul 13, 2015, the shares registered one year high at $29.51 and the one year low was seen on Feb 29, 2016. The 50-Day Moving Average price is $21.92 and the 200 Day Moving Average price is recorded at $19.66.
The stock has recorded a 20-day Moving Average of 8.83% and the 50-Day Moving Average is 12.68%.
Pattern Energy Group (NASDAQ:PEGI): stock turned positive on Friday. Though the stock opened at $23.59, the bulls momentum made the stock top out at $23.78 level for the day. The stock recorded a low of $23.26 and closed the trading day at $23.76, in the green by 1.41%. The total traded volume for the day was 845,106. The stock had closed at $23.43 in the previous days trading.
In an insider trading activity, The Officer (Chief Investment Officer), of Pattern Energy Group Inc., Pedersen Esben W. had unloaded 1,200 shares at $23 per share in a transaction on June 30, 2016. The total value of transaction was $27,600. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
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.