Digging Up the Facts on Pattern Energy Group Inc. (PEGI)

Pattern Energy Group Inc. (PEGI) is an interesting player in the Utilities space, with a focus on Diversified Utilities. The stock has been active on the tape, currently trading at $18.59, up from yesterday’s close by 3.91%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.

Fundamental Analysis

Pattern Energy Group Inc. (PEGI) currently trades with a market capitalization of $1.85 Billion. That value represents a market adjusting for revenues that have been growing by 36.59 % on a quarterly year/year basis as of the company’s last quarterly report.

You can get a sense of how sustainable that is by a levered free cash flow of $187.44 Million over the past twelve months. Generally speaking, earnings are expected to grow in coming quarters. Analysts are forecasting earnings of $0.15 on a per share basis this quarter. Perhaps, that suggests something about why 1.06% of the outstanding share supply is held by institutional investors.

Technical Analysis

No analysis is ever complete without a thorough survey of a stock’s technical behavior. Looking at the stock’s movement on the chart, Pattern Energy Group Inc. recorded a 52-week high of $26.56. It is now trading 7.97% off that level. The stock is trading $17.83 its 50-day moving average by -0.76%. The stock carved out a 52-week low down at $16.58.

In recent action, Pattern Energy Group Inc. (PEGI) has made a move of +5.81% over the past month, which has come on weak relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 12.84, and it’s gotten there by action that has been more volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 10.92% with $96.93 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of PEGI.

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