Pattern Energy Group Inc. (PEGI) Files Form 4 Insider Selling : Esben W. Pedersen Sells 1,200 Shares

Pattern Energy Group Inc. (PEGI): Esben W. Pedersen , Chief Investment Officer of Pattern Energy Group Inc. sold 1,200 shares on Jun 30, 2016. The Insider selling transaction was reported by the company on Jul 1, 2016 to the Securities and Exchange Commission. The shares were sold at $23.00 per share for a total value of $27,600.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Dec 3, 2015, Douglas G. Hall (director) purchased 5,500 shares at $18.09 per share price.On Nov 5, 2015, Esben W. Pedersen (Chief Investment Officer) sold 3,600 shares at $24.00 per share price.Also, On Nov 5, 2015, Christopher M. Shugart (Senior VP, Operations) sold 3,000 shares at $24.00 per share price.On Aug 17, 2015, Alan R Batkin (director) purchased 5,000 shares at $23.15 per share price.

Pattern Energy Group Inc: On Wednesday, Jun 29, 2016 heightened volatility was witnessed in Pattern Energy Group Inc which led to swings in the share price. The shares opened for trading at $21.99 and hit $22.73 on the upside , eventually ending the session at $22.52, with a gain of 3.30% or 0.72 points. The heightened volatility saw the trading volume jump to 9,63,448 shares. The 52-week high of the share price is $29.81 and the company has a market cap of $1,687 M . The 52-week low of the share price is at $14.56.

Pattern Energy Group Inc Money Flow Index Chart

Company has been under the radar of several Street Analysts.Pattern Energy Group Inc is Initiated by Guggenheim to Buy. The Rating was issued on Apr 13, 2016.

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 1636 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 Company’s 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.

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