Shares of Pattern Energy Group (PEGI) Sees Large Outflow of Money

Pattern Energy Group (PEGI) : The value of composite uptick trades was $0.56 million, whereas, the value of composite downtick trades was $2.03 million. The uptick to downtick ratio stood at 0.28 with a negative money flow of ($1.47) Million during Mondays trading session. The block trades money flow was negative ($1.1 million). The transaction of the trades on downticks amounted to $1.1 million, which confirms investors selling on the strength of price. Pattern Energy Group (PEGI) gained 16 cents at $23.97, an increase of 0.67% over the previous days close.


Pattern Energy Group Inc. has lost 4.24% in the last five trading days and dropped 0.13% in the last 4 weeks. Pattern Energy Group Inc. is up 19.25% in the last 3-month period. Year-to-Date the stock performance stands at 17.92%.

Pattern Energy Group (NASDAQ:PEGI): The stock opened at $23.78 on Monday but the bulls could not build on the opening and the stock topped out at $24.04 for the day. The stock traded down to $23.69 during the day, due to lack of any buying support eventually closed down at $23.72 with a loss of -0.38% for the day. The stock had closed at $23.81 on the previous day. The total traded volume was 972,260 shares.

In a related news, The officer (Chief Investment Officer), of Pattern Energy Group Inc., Pedersen Esben W. had unloaded 1,200 shares at $24.3 per share in a transaction on August 1, 2016. The total value of transaction was $29,160. 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.

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