Pattern Energy Group Inc (NASDAQ: PEGI) has reported E.P.S. of $-0.53 for its third fiscal quarter (ending September 30) versus $-0.13 for the same period a year ago. This result fell short of the consensus estimate of $-0.22 by $-0.31. For the latest four quarters through September 30, E.P.S. were $-1.06 versus $1.52 for the same period a year ago — a decline of -170%.
Recent Price Action
On 11/4/19, Pattern Energy Group Inc (NASDAQ: PEGI) stock suffered a large decline of -2.5%, closing at $27.11. Moreover, this decline was accompanied by exceptionally high trading volume at 1338% of normal. The stock has been exceptionally strong relative to the market over the last nine months but has declined -2.3% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to fall short of the cost of capital, PEGI is expected to continue to be an important Value Eraser.
Pattern Energy has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Pattern Energy has a very low Appreciation Score of 8 but a very high Power Rating of 90, triggering the Neutral Value Trend Rating.
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.