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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Pattern Energy Group Inc    PEGI

PATTERN ENERGY GROUP INC

(PEGI)
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Delayed Quote. Delayed Nasdaq - 08/16 04:00:00 pm
26.37 USD   +2.73%
08/13Pattern Energy Confirms It Has Drawn Takeover Interest
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Pattern Energy Confirms It Has Drawn Takeover Interest

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08/13/2019 | 08:52am EDT

By Colin Kellaher

Pattern Energy Group Inc. (PEGI.T, PEGI) Tuesday confirmed that it has drawn takeover interest and is responding to the inquiries, but it said no agreements have been reached.

Bloomberg on Monday reported that the San Francisco independent power company was considering its options after drawing interest from suitors including Brookfield Asset Management, which reportedly floated the idea of merging Pattern with TerraForm Power.

Pattern's U.S.-listed shares rose nearly 8% on Monday to close at $25.15.

Pattern didn't identify any of the potential bidders, and it said a deal may or may not be reached.

Pattern said its policy is to not comment on market speculation or rumors, but said it was responding to a request for comment from the Investment Industry Regulatory Organization of Canada.

Trading in Pattern shares was halted premarket Tuesday.

Write to Colin Kellaher at colin.kellaher@wsj.com

Stocks mentioned in the article
ChangeLast1st jan.
BROOKFIELD ASSET MANAGEMENT 1.68% 67.79 Delayed Quote.29.57%
PATTERN ENERGY GROUP INC 2.08% 34.86 Delayed Quote.37.19%
PATTERN ENERGY GROUP INC 2.73% 26.37 Delayed Quote.41.62%
TERRAFORM POWER INC 0.77% 16.92 Delayed Quote.50.80%
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Financials (USD)
Sales 2019 522 M
EBIT 2019 -16,2 M
Net income 2019 -81,1 M
Debt 2019 2 416 M
Yield 2019 6,41%
P/E ratio 2019 -31,9x
P/E ratio 2020 -228x
EV / Sales2019 9,58x
EV / Sales2020 8,39x
Capitalization 2 591 M
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Technical analysis trends PATTERN ENERGY GROUP INC
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 13
Average target price 24,19  $
Last Close Price 26,37  $
Spread / Highest target 6,18%
Spread / Average Target -8,26%
Spread / Lowest Target -24,2%
EPS Revisions
Managers
NameTitle
Mike M. Garland President, CEO & Non-Independent Director
Alan R. Batkin Chairman
Christopher M. Shugart Senior Vice President-Operations
Michael J. Lyon CFO & Principal Accounting Officer
Dean S. Russell VP-Special Projects & SVP-Engineering/Consruction
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