Pattern Energy Group Inc. operates as an integrated renewable energy company.
Slightly overvalued unattractive dividend payer.
Share Price & News
How has Pattern Energy Group's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: PEGI has not had significant price volatility in the past 3 months.
7 Day Return
US Renewable Energy
1 Year Return
US Renewable Energy
Return vs Industry: PEGI exceeded the US Renewable Energy industry which returned -20.9% over the past year.
Return vs Market: PEGI exceeded the US Market which returned -16.6% over the past year.
Price Volatility Vs. Market
How volatile is Pattern Energy Group's share price compared to the market and industry in the last 5 years?
Simply Wall St News
5 months ago | Simply Wall StDoes Pattern Energy Group's (NASDAQ:PEGI) Share Price Gain of 50% Match Its Business Performance?
6 months ago | Simply Wall StHow Does Pattern Energy Group Inc. (NASDAQ:PEGI) Affect Your Portfolio Volatility?
6 months ago | Simply Wall StWhy Pattern Energy Group Inc. (NASDAQ:PEGI) Could Be Worth Watching
Is Pattern Energy Group undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: PEGI ($26.74) is trading below our estimate of fair value ($64.37)
Significantly Below Fair Value: PEGI is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: PEGI is unprofitable, so we can't compare its PE Ratio to the Renewable Energy industry average.
PE vs Market: PEGI is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate PEGI's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: PEGI is overvalued based on its PB Ratio (3.1x) compared to the US Renewable Energy industry average (1.3x).
How is Pattern Energy Group forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: PEGI is forecast to remain unprofitable over the next 3 years.
Earnings vs Market: PEGI is forecast to remain unprofitable over the next 3 years.
High Growth Earnings: PEGI is forecast to remain unprofitable over the next 3 years.
Revenue vs Market: PEGI's revenue (6.7% per year) is forecast to grow slower than the US market (7.5% per year).
High Growth Revenue: PEGI's revenue (6.7% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if PEGI's Return on Equity is forecast to be high in 3 years time
How has Pattern Energy Group performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: PEGI is currently unprofitable.
Growing Profit Margin: PEGI is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: PEGI is unprofitable, but has reduced losses over the past 5 years at a rate of 23.5% per year.
Accelerating Growth: Unable to compare PEGI's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: PEGI is unprofitable, making it difficult to compare its past year earnings growth to the Renewable Energy industry (-19.9%).
Return on Equity
High ROE: PEGI has a negative Return on Equity (-4.14%), as it is currently unprofitable.
How is Pattern Energy Group's financial position?
Financial Position Analysis
Short Term Liabilities: PEGI's short term assets ($337.0M) do not cover its short term liabilities ($929.0M).
Long Term Liabilities: PEGI's short term assets ($337.0M) do not cover its long term liabilities ($3.7B).
Debt to Equity History and Analysis
Debt Level: PEGI's debt to equity ratio (132.2%) is considered high.
Reducing Debt: PEGI's debt to equity ratio has increased from 128.4% to 132.2% over the past 5 years.
Inventory Level: PEGI has a high level of physical assets or inventory.
Debt Coverage by Assets: PEGI's debt is not covered by short term assets (assets are 0.1x debt).
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: PEGI has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if PEGI has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.
What is Pattern Energy Group's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: PEGI's dividend (6.31%) is higher than the bottom 25% of dividend payers in the US market (2.06%).
High Dividend: PEGI's dividend (6.31%) is in the top 25% of dividend payers in the US market (5.59%)
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, PEGI has been paying a dividend for less than 10 years.
Growing Dividend: PEGI's dividend payments have increased, but the company has only paid a dividend for 6 years.
Current Payout to Shareholders
Dividend Coverage: PEGI is paying a dividend but the company is unprofitable.
Future Payout to Shareholders
Future Dividend Coverage: PEGI's dividends in 3 years are not forecast to be well covered by earnings (109.3% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mike Garland (68yo)
Mr. Michael M. Garland, also known as Mike, serves as the Chief Executive Officer at Pattern Energy Group LP and Pattern Renewable Holdings Canada ULC. Mr. Garland has been President of Pattern Renewable H ...
CEO Compensation Analysis
Compensation vs Market: Mike's total compensation ($USD2.09M) is below average for companies of similar size in the US market ($USD5.55M).
Compensation vs Earnings: Mike's compensation has increased whilst the company is unprofitable.
|CEO & Director||7.42yrs||US$2.09m||0.40% $10.4m|
|Chief Financial Officer||0.92yr||US$1.24m||0.16% $4.2m|
|Executive VP||6.58yrs||US$1.09m||0.092% $2.4m|
|President of Pattern Development & Executive VP of Business Development||6.58yrs||US$1.35m||0.21% $5.5m|
|Vice President of Operation||no data||no data||no data|
|Senior VP & Chief Accounting Officer||0.92yr||no data||0.032% $839.1k|
|Vice President of Investor Relations||no data||no data||no data|
|Vice President of Human Resources||2.17yrs||no data||no data|
|Senior Vice President of Corporate Operations||no data||no data||0.072% $1.9m|
Experienced Management: PEGI's management team is considered experienced (2.2 years average tenure).
|CEO & Director||7.42yrs||US$2.09m||0.40% $10.4m|
|Independent Director||1.25yrs||no data||no data|
|Independent Director||6.42yrs||US$131.51k||0.027% $707.5k|
|Independent Chairman of the Board||6.42yrs||US$265.83k||0.038% $1.0m|
|Independent Director||6.42yrs||US$164.01k||0.023% $604.6k|
|Independent Director||6.42yrs||US$152.01k||0.015% $389.2k|
|Independent Director||1.25yrs||no data||0.0048% $125.0k|
Experienced Board: PEGI's board of directors are considered experienced (6.4 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Pattern Energy Group Inc.'s company bio, employee growth, exchange listings and data sources
- Name: Pattern Energy Group Inc.
- Ticker: PEGI
- Exchange: NasdaqGS
- Founded: 2012
- Industry: Renewable Electricity
- Sector: Utilities
- Market Cap: US$2.626b
- Shares outstanding: 98.22m
- Website: https://www.patternenergy.com
Number of Employees
- Pattern Energy Group Inc.
- 1088 Sansome Street
- San Francisco
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|PEGI||NasdaqGS (Nasdaq Global Select)||Yes||Class A Common Stock||US||USD||Sep 2013|
|PEGI||TSX (The Toronto Stock Exchange)||Yes||Class A Common Stock||CA||CAD||Sep 2013|
|P92A||DB (Deutsche Boerse AG)||Yes||Class A Common Stock||DE||EUR||Sep 2013|
Pattern Energy Group Inc. operates as an integrated renewable energy company. It operates in two segments, Operating Business and Development Business. The company holds interest in 28 renewable energy projects with an operating capacity of 4.4 gigawatts located in the United States, Canada, and Japan. It also develops and sells renewable energy projects focusing on wind, solar, storage, and transmission primarily in the United States, Canada, Japan, and Mexico. Pattern Energy Group Inc. sells electricity and renewable energy credits primarily to local utilities and local liquid independent system organizations markets. The company was founded in 2012 and is headquartered in San Francisco, California.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/03/17 03:02|
|End of Day Share Price||2020/03/13 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.