Pattern Energy Group Inc. PEGI

what is happening

[lewp]

anybody know why the current price drop?

[Sadie222]

SA has a report out, forecasting possibly slightly lower production over the winter. Bigger issue is that PEGI doesn’t have the volume to absorb a bigger sell without triggering bottom fishers and maybe tripping some stops. imho

[bestiole]

Selloff is overblown; PEGI’s portfolio should be safe PEGI’s stock price declined over 10% with a couple of downgrades and the Ontario Throne Speech. One major concern on the street is the fact that PEGI’s portfolio in Ontario (about 14% of total) could be at risk with the PC party not favouring renewable energy in the province (could look to cancel Green Energy Act). Contract is a

[lewp]

THANKS FOR YOUR INFO Hopefully this stock thrives in the future and continues to pay its lucrative dividend

[Sadie222]

I just read a report about the new government trying to stop a small project that’s weeks from completion! Not a Pattern project afaik. Taxpayers are going to get stiffed again, for cancellation costs (another $100 mln?).