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Last $30.52 USD
Change Today -0.14 / -0.46%
Volume 263.3K
As of 8:10 PM 04/24/15 All times are local (Market data is delayed by at least 15 minutes).

pattern energy group inc (PEGI) Snapshot

Open
$30.81
Previous Close
$30.66
Day High
$30.85
Day Low
$30.37
52 Week High
07/22/14 - $34.51
52 Week Low
12/15/14 - $22.68
Market Cap
2.1B
Average Volume 10 Days
434.2K
EPS TTM
$-0.26
Shares Outstanding
69.1M
EX-Date
03/27/15
P/E TM
--
Dividend
$1.37
Dividend Yield
4.35%
Current Stock Chart for PATTERN ENERGY GROUP INC (PEGI)

pattern energy group inc (PEGI) Related Businessweek News

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pattern energy group inc (PEGI) Details

Pattern Energy Group Inc., an independent power company, owns and operates power projects in the United States, Canada, and Chile. As of March 2, 2015, the company owned interests in 12 wind power projects with the capacity of 1,636 megawatts. It sells electricity primarily to local utilities. Pattern Energy Group Inc. was founded in 2012 and is headquartered in San Francisco, California.

69 Employees
Last Reported Date: 03/2/15
Founded in 2012

pattern energy group inc (PEGI) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $810.0K
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

Samsung, Pattern Energy Sign 100-MW Wind PPA in Ontario

Pattern Energy Group LP, or Pattern Development, and Samsung Renewable Energy Inc. announced that their 100-MW North Kent Wind project in Ontario, Canada has secured a long-term off-take contract. More specifically, the wind farm will sell its output under a 20-year power purchase agreement (PPA) with the Independent Electricity System Operator (IESO). The developers expect construction work on the plant to begin by the end of next year, with completion scheduled for the end of 2017. Local contractors will be hired to work on the wind park. Entegrus Inc, for instance, will receive a maintenance services contract, the parties noted. Once finalised, the North Kent Wind park will be producing enough power for about 35,000 Ontario homes per year. The municipality of Chatham-Kent, where the plant will be located, will have the right to buy a 15% stake in the power station.

Pattern Energy Declares Increased Dividend for the First Quarter 2015, Payable on April 30, 2015

Pattern Energy declared an increased dividend for the first quarter 2015, payable on April 30, 2015, to holders of record on March 31, 2015, in the amount of $0.342 per Class A share, which represents $1.368 on an annualized basis. This is a 2% increase from the fourth quarter 2014 dividend of $0.335.

Pattern Energy Group Inc. Reports Unaudited Earnings and Operating Results for the Fourth Quarter and Full Year Ended December 31, 2014; Provides Production Guidance for the Year 2015

Pattern Energy Group Inc. reported unaudited earnings and operating results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported total revenue was $79,418,000 compared to $41,767,000 a year ago. Operating income was $18,109,000 compared to $1,272,000 a year ago. Net loss before income tax was $11,345,000 compared to $8,030,000 a year ago. Net loss attributable to controlling interest was $20,392,000 compared to $13,179,000 a year ago. Net cash provided by operating activities was $26.548 million compared to $9.756 million in the same period last year. Capital expenditures were $100,891,000 compared to $2,552,000 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 $0.36 compared to $0.17 for the same period of last year. Basic and diluted loss per share Class B common stock was $0.23 compared to $0.48 for the same period of last year. Adjusted EBITDA was $57,724,000 compared to $29,417,000 in the same period last year. EBITDA was $39,640,000 compared to $28,579,000 in the same period last year. The 40% in Adjusted EBITDA increase during the full year period was primarily attributable to the commencement of operations at the 4 newly operational projects and the additional production at Ocotillo. For the year, the company reported total revenue was $265,493,000 compared to $201,573,000 a year ago. Operating income was $54,981,000 compared to $47,728,000 a year ago. Net loss before income tax was $36,863,000 compared to net income before income tax of $14,618,000 a year ago. Net loss attributable to controlling interest was $31,290,000 compared to net income attributable to controlling interest of $16,959,000 a year ago. Basic and diluted loss per share Class A common stock was $0.56 compared to $0.17 for the same period of last year. Basic and diluted loss per share Class B common stock was $0.49 compared to $0.48 for the same period of last year. Net cash provided by operating activities was $110.448 million compared to $78.152 million in the same period last year. Capital expenditures were $119,506,000 compared to $123,517,000 in the same period last year. Adjusted EBITDA was $198.1 million, up 40% from the same period of last year. The change in the full year results was due primarily to unrealized losses on interest rate and energy derivatives (including the Company's proportion of the unrealized losses at its unconsolidated investments) which increased by $54.1 million for the year. Adjusted EBITDA was $198,112,000 compared to $141,769,000 in the same period last year. EBITDA was $134,283,000 compared to $158,916,000 in the same period last year. The company sold 888,577 MWh of electricity on a proportional basis in the fourth quarter of 2014 compared to 440,623 MWh sold in the same period in 2013. Pattern Energy sold 2,914,810 MWh of electricity on a proportional basis for the full year 2014 compared to 1,771,772 MWh sold in 2013. The increases were primarily attributable to the commencement of commercial operations at South Kent, El Arrayan, Panhandle 1 and Panhandle 2 at various times during the year and the twelve-month figure also reflects an increase in production from an additional 42 MW at Ocotillo for the full year of 2014. The increases were primarily attributable to the commencement of commercial operations at South Kent, El Arrayán, Panhandle 1 and Panhandle 2 at various times during the year. For the year 2015, the company expects 2015 performance at the operating projects to be roughly in line with 2014, which would result in growth in cash available for distribution in 2015, being predominantly driven by the completion of project construction which occurred in various times for projects in 2014. One project currently under construction, Logan's Gap, and the drop-down acquisitions that they anticipate making later this year are not likely to have meaningful cash flow impacts until the fourth quarter or maybe a bit in the third quarter. Production has been below long-term average to start the first quarter of 2015 but is within the range of variability that they expect for short periods of time.

 

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PEGI

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Valuation PEGI Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 5.7x
Price/Book 3.0x
Price/Cash Flow 28.8x
TEV/Sales NM Not Meaningful
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