Last $25.17 USD
Change Today +0.06 / 0.24%
Volume 1.1M
PEGI On Other Exchanges
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As of 8:10 PM 12/19/14 All times are local (Market data is delayed by at least 15 minutes).

pattern energy group inc (PEGI) Snapshot

Open
$25.25
Previous Close
$25.11
Day High
$26.08
Day Low
$25.01
52 Week High
07/22/14 - $34.51
52 Week Low
12/15/14 - $22.68
Market Cap
1.6B
Average Volume 10 Days
668.7K
EPS TTM
$-0.31
Shares Outstanding
46.5M
EX-Date
12/29/14
P/E TM
--
Dividend
$1.34
Dividend Yield
5.07%
Current Stock Chart for PATTERN ENERGY GROUP INC (PEGI)

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pattern energy group inc (PEGI) Details

Pattern Energy Group Inc., an independent energy generation company, focuses on the construction, ownership, and operation of energy projects in the United States, Canada, and Chile. The company owns interests in 11 wind power projects consisting of 7 operating projects and 4 under construction projects that have a total owned capacity of 1,472 megawatts. It sells electricity primarily to local utilities. The company was founded in 2012 and is headquartered in San Francisco, California.

44 Employees
Last Reported Date: 05/5/14
Founded in 2012

pattern energy group inc (PEGI) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $810.0K
Executive Vice President and General Counsel
Total Annual Compensation: $931.5K
Chief Investment Officer
Total Annual Compensation: $508.3K
Executive Vice President of Business Developm...
Total Annual Compensation: $498.0K
Compensation as of Fiscal Year 2013.

pattern energy group inc (PEGI) Key Developments

Pattern Energy Increases ROFO Pipeline With Largest Wind Project in Ontario

Pattern Energy Group Inc. announced the addition of 150 megawatts (MW) of the 300 MW Henvey Inlet Wind project to its list of identified Right of First Offer (ROFO) projects from Pattern Energy Group LP (Pattern Development). Highlights: Largest wind project in Ontario; Increases ROFO list to eight projects with 874 MW of total owned capacity; 20-year power purchase agreement (PPA) with Ontario Power Authority. The Henvey Inlet Wind project, to be built in Parry Sound County, Ontario, is a 50/50 joint venture partnership between Pattern Development and Nigig Power Corporation, which is wholly owned by Henvey Inlet First Nation. Pattern Development will own 150 MW of the project, which has a 20-year PPA with the Ontario Power Authority for 100% of its expected production. Pattern Development expects to arrange both construction and long-term debt financing for Henvey Inlet in 2016. Upon completion, it will be the large wind facility in Ontario. The addition of Henvey Inlet Wind increases Pattern Energy's ROFO list to eight projects with a total owned capacity of 874 MW. The list of identified ROFO projects represents a portion of Pattern Development's 3,000 MW pipeline of development projects, all of which are subject to Pattern Energy's right of first offer.

Pattern Energy Approves Dividend for the Fourth Quarter of 2014, Payable on January 30, 2015

Pattern Energy announced that its board of directors approved a 2% quarter-over-quarter increase in fourth quarter dividend to $0.335 per Class A share, which will be paid on January 30, 2015 to holders of record on December 31, 2014.

Pattern Energy Group Inc. Reports Unaudited Earnings and Operating Results for the Third Quarter and Nine Months Ended September 30, 2014

Pattern Energy Group Inc. reported unaudited earnings and operating results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported total revenue was $71,519,000 compared to $57,257,000 a year ago. Operating income was $10,405,000 compared to $17,650,000 a year ago. Net loss before income tax was $12,819,000 compared to net income before income tax of $4,838,000 a year ago. Net loss was $9,281,000 compared to net income of $4,243,000 a year ago. Net loss attributable to controlling interest was $7,208,000 compared to net income attributable to controlling interest of $995,000 a year ago. Net loss attributable to common stockholders was $29,688,000. Adjusted EBITDA was $44.3 million compared to $31.9 million in the same period last year. EBITDA was $34.938 million compared to $40.292 million in the same period last year. Net cash provided by operating activities was $23.078 million compared to $26.738 million in the same period last year. Operations and maintenance capital expenditures were $40,000 compared to $56,000 in the same period last year. Basic and diluted loss per share Class A common stock was $0.15. Basic and diluted loss per share Class B common stock was $0.06. For the nine months, the company reported total revenue was $186,075,000 compared to $159,806,000 a year ago. Operating income was $36,872,000 compared to $46,456,000 a year ago. Net loss before income tax was $25,518,000 compared to net income before income tax of $22,648,000 a year ago. Net loss was $24,013,000 compared to net income of $29,447,000 a year ago. Net loss attributable to controlling interest was $10,898,000 compared to net income attributable to controlling interest of $30,137,000 a year ago. Net loss attributable to common stockholders was $66,972,000. Adjusted EBITDA was $140.4 million compared to $112.4 million in the same period last year. EBITDA was $94.643 million compared to $130.338 million in the same period last year. Net cash provided by operating activities was $83.9 million compared to $68.396 million in the same period last year. Operations and maintenance capital expenditures were $134,000 compared to $431,000 in the same period last year. Capital expenditures were $18,615,000 compared to $120,965,000 in the same period last year. The changes in net income (loss) during the third quarter and year-to-date periods were due primarily to unrealized losses on interest rate and energy derivatives. Basic loss per share Class A common stock was $0.16 and diluted loss per share Class A common stock was $0.20. Basic and diluted loss per share Class B common stock was $0.30. The company sold 710,325 MWh of electricity on a proportional basis in the third quarter of 2014 compared to 365,766 MWh sold in the same period in 2013. The company sold 2,026,233 MWh of electricity on a proportional basis for the nine months ended September 30, 2014 compared to 1,331,149 MWh sold in the same period in 2013. The increases in proportional MWh sold were primarily attributable to the commencement of commercial operations at South Kent, Panhandle 1 and El Arrayán and an increase in production at Ocotillo.

 

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Price/Cash Flow 22.4x
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