PEGI stock: buy or sell?

PEGI stock price: $26.74 0.07% At close on March 13th, 2020

Updated on:
March 13th, 2020

3

Pattern Energy shares remained constant 0.07% to $26.74 on March/13.

Pattern Energy Group Inc. operates as an independent power company that owns and operates power projects in the United States, Canada, and Chile.

Should I buy PEGI stock?

Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Trading strategies are meant for helping you in the decision process of what stocks to choose and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best.

Currently, Pattern Energy stock doesn't match any of these trading strategies, so our recommendation is not to buy.

Buy setupElegible
New all-time highNo
New 52 week highNo
Price crossing up 200d MANo
100d MA crossing up 200d MANo
This doesn't mean PEGI will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems.

Is Pattern Energy stock a buy?

Banks and financial institutions publish stock ratings everyday. Unfortunately, we couldn't detect any rating for PEGI stock for the last 30 days.

PEGI stock analysis

Daily outlook

Pattern Energy shares remained steady 0.07% to $26.74 on March 13th.

Pattern Energy ended on Mar 13th at $26.74 and remained stable a tight 0.07%. PEGI marked a lower low and a lower high in the short term, defining a downward trend. Climbing above $27.58 would break this short term down trend and open possibilities for reversing this situation. For the last 22 days when PEGI stock price broke down the SMA100d line, it slid $-0.44 per share (-1.62%). On Feb 25th, PEGI hit a new all time high, pushing higher than on Feb 24th tops. Check different trading setups that use ATHs as triggers.

PEGI stock chart (daily)

Weekly outlook

Pattern Energy shares depreciated -1.62% early March, ending at $26.74.

Not so far away is the last all-time high Pattern Energy marked late February. Early March, Pattern Energy stock lost the significant level of the 20-weeks moving average.

PEGI stock chart (weekly)

PEGI stock price history

PEGI stock went public on September 27th, 2013 with a price of $15.731. Since then, PEGI stock surged a 70.00%, with an average of 11.70% per year. If you had invested right after PEGI's IPO a $1,000 in PEGI stock in 2013, it would worth $700.00 today.

1: Adjusted price after possible price splits or reverse-splits.

PEGI stock historical price chart

PEGI stock reached all-time highs on February/25 with a price of $28.43.

PEGI stock price target

Predicting the price evolution of a stock or any financial instrument in a reliable and repeatable way is probably impossible. However, many stock price predictions are published every day by banks, financial institutions and independent analysts. We do not recommend to follow these stock price predictions without a critical thinking from your side, as their accuracy is usually low. For the last month we have not detected any price forecast for Pattern Energy stock by any trusted analyst.

Financials and fundamental analysis

Earnings date and Earnings per Share

, Pattern Energy didn't meet the expectations of the analysts and reported a bloodcurdling EPS of $-0.15 per share when experts were expecting $0.21.
PEGI earnings date and EPS evolution
QuarterReporting dateEstimated EPSActual EPSSurprise
2017-Q1-n/a0.06n/a
2017-Q2-n/a0.16n/a
2017-Q32017-11-09-0.14-0.34n/a
2017-Q42018-03-010.050.11120.0%
2018-Q12018-05-100.131.32915.4%
2018-Q22018-08-090.080.34325.0%
2018-Q32018-11-05-0.04-0.13n/a
2018-Q42019-03-010.21-0.15n/a
2019-Q1-n/an/an/a
2019-Q2-n/an/an/a

Annual financial results

Compared to 2017, last anual revenues report draw an amazing increase of 17.52% to $483.00 million dollars. Similarly, its earnings margin (compared to revenues) climbed to 29.40%, that is $142.00 million.

PEGI annual Sales and Income evolution
YearSalesYoYIncome/(margin)YoY
2013$196 M-$-13.34 M-6.8%-
2014$265 M35.42%$-31.29 M-11.8%134.56%
2015$330 M24.23%$-32.53 M-9.9%3.97%
2016$354 M7.34%$-17.11 M-4.8%-47.40%
2017$411 M16.08%$-18.00 M-4.4%5.20%
2018$483 M17.52%$142 M29.4%-888.89%

Quarterly financial results

Pattern Energy reported $113.01 M in sales for 2018-Q4, a -4.55% less compared to previous quarter. Reported quarter income marked $-14.05 million with a profit margin of -12.43%. Profit margin decreased a -1.79% compared to previous quarter when profit margin was -10.64%. When comparing revenues to same quarter last year, Pattern Energy sales marked a tiny growth and raised a 2.07%. Looking back to recent quarterly results, Pattern Energy posted 2 negative quarters in a row.
PEGI quarterly Sales and Income evolution
QuarterSales1QoQ2Income1/(margin)QoQ2
2017-Q1$97 M-$6 M5.8%-
2017-Q2$108 M11.20%$14 M13.1%152.04%
2017-Q3$92 M-14.83%$-30 M-32.4%-310.20%
2017-Q4$111 M20.31%$-8 M-7.2%-73.35%
2018-Q1$112 M0.85%$136 M121.7%-1,809.71%
2018-Q2$140 M25.33%$33 M23.4%-75.93%
2018-Q3$118 M-15.40%$-13 M-10.6%-138.50%
2018-Q4$113 M-4.55%$-14 M-12.4%11.51%

Pattern Energy ownership

When you are planning to buy shares of a stock, it's always worth to check its ownership structure.

Management staff in all public traded companies that hold equity is required to report every transaction to the SEC. For Pattern Energy, of all outstanding shares are owned by its staff.

For a better understanding, the next table shows ownership data compared to other related companies:

PEGI
Market cap$0.0 M
Total shares0.0 M
Float shares0.0 M
  - Institutional holdings (%)0.0%
  - Insider holdings (%)0.0%
Shares in short selling0.0%

PEGI summary

Friday, March 13th, 2020
Open$26.74
Close$26.74
Day range$26.72 - $26.76
Previous close$26.72
Session gain0.07%
Average true range$0.53
50d mov avg$27.06
100d mov avg$27.00
200d mov avg$25.51
Daily patternlb06a
Weekly pattern

Pattern Energy performance

To better understand Pattern Energy performance you must compare its gains with other related stocks in same sector or industry. For Pattern Energy, the benchmark is made against .
Stock3m6m12m
PEGIPattern Energy-0.22%1.36%30.76%

Pattern Energy competitors

Unfortunately, we could not find any public company that could be defined as Pattern Energy competitor. This doesn't mean Pattern Energy does not have any competitor in the market, it's just we could not detected it.