Pattern Energy Group (PEGI) Shares are Down -0.55%

Pattern Energy Group (PEGI) has been under a strong bear grip, hence the stock is down -3.04% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.11% in the past 1 week. The 4-week change in the price of the stock is -3.24% and the stock has fallen -0.55% in the past 1 week.

For the current week, the company shares have a recommendation consensus of Buy. The stock has recorded a twenty day Moving Average of 1.22% and the fifty day Moving Average is 0.78%. Pattern Energy Group Inc. is up 12.23% in the last three month period. Year-to-Date the stock performance stands at 17.22%.

Pattern Energy Group (PEGI) : The consensus price target for Pattern Energy Group (PEGI) is $28.14 for the short term with a standard deviation of $3.72. The most optimist securities analyst among the 7 who monitor the stock believes that the stock can reach $35, however, the pessimist price target for the company is $25.


Pattern Energy Group (NASDAQ:PEGI): On Fridays trading session , Opening price of the stock was $23.72 with an intraday high of $24.24. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $23.53. However, the stock managed to close at $23.58, a loss of 0.04% for the day. On the previous day, the stock had closed at $23.59. The total traded volume of the day was 828,444 shares.

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.

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