Brokerage Firm Rating Update on Pattern Energy Group (PEGI)

Pattern Energy Group (PEGI) has an average broker rating of 1.33, which is interpreted as a Strong Buy, as rated by 9 equity analysts. Nonetheless, 6 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 3 other analysts advise a Buy. Ranking by Zacks Investment Research for Coach Inc is 4, which is also a Sell.

Pattern Energy Group (PEGI) : 8 investment research analysts covering Pattern Energy Group (PEGI) have an average price target of $27.88 for the near short term. The highest target price given by the Brokerage Firm to the stock is $35 and the lowest target is $25 for the short term. Analysts expect the variance to be within $3.52 of the average price.


For the current week, the company shares have a recommendation consensus of Buy.

Pattern Energy Group (NASDAQ:PEGI): The stock opened at $24.49 and touched an intraday high of $24.93 on Wednesday. During the day, the stock corrected to an intraday low of $24.39, however, the bulls stepped in and pushed the price higher to close in the green at $24.91 with a gain of 1.63% for the day. The total traded volume for the day was 789,464. The stock had closed at $24.51 in the previous trading session.

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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