Intrinsic value of Pattern Energy Group - PEGI

Previous Close

$22.13

  Intrinsic Value

$2.82

stock screener

  Rating & Target

str. sell

-87%

Previous close

$22.13

 
Intrinsic value

$2.82

 
Up/down potential

-87%

 
Rating

str. sell

We calculate the intrinsic value of PEGI stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 2016), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 1.9

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
2016(a)
   2017
   2018
   2019
   2020
   2021
   2022
   2023
   2024
   2025
   2026
   2027
   2028
   2029
   2030
   2031
   2032
   2033
   2034
   2035
   2036
   2037
   2038
   2039
   2040
   2041
   2042
   2043
   2044
   2045
   2046

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  7.27
  16.10
  14.99
  13.99
  13.09
  12.28
  11.55
  10.90
  10.31
  9.78
  9.30
  8.87
  8.48
  8.13
  7.82
  7.54
  7.29
  7.06
  6.85
  6.67
  6.50
  6.35
  6.21
  6.09
  5.98
  5.89
  5.80
  5.72
  5.65
  5.58
  5.52
Revenue, $m
  354
  411
  473
  539
  609
  684
  763
  846
  934
  1,025
  1,120
  1,220
  1,323
  1,431
  1,542
  1,659
  1,780
  1,905
  2,036
  2,171
  2,313
  2,459
  2,612
  2,771
  2,937
  3,110
  3,290
  3,479
  3,675
  3,880
  4,094
Variable operating expenses, $m
 
  374
  430
  490
  554
  623
  694
  770
  850
  933
  1,019
  1,110
  1,204
  1,302
  1,404
  1,509
  1,619
  1,734
  1,853
  1,976
  2,104
  2,238
  2,377
  2,522
  2,673
  2,830
  2,994
  3,165
  3,344
  3,531
  3,726
Fixed operating expenses, $m
 
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total operating expenses, $m
  354
  374
  430
  490
  554
  623
  694
  770
  850
  933
  1,019
  1,110
  1,204
  1,302
  1,404
  1,509
  1,619
  1,734
  1,853
  1,976
  2,104
  2,238
  2,377
  2,522
  2,673
  2,830
  2,994
  3,165
  3,344
  3,531
  3,726
Operating income, $m
  0
  37
  43
  48
  55
  62
  69
  76
  84
  92
  101
  110
  119
  129
  139
  149
  160
  171
  183
  195
  208
  221
  235
  249
  264
  280
  296
  313
  331
  349
  368
EBITDA, $m
  174
  239
  275
  314
  355
  398
  444
  493
  543
  597
  652
  710
  770
  833
  898
  966
  1,036
  1,109
  1,185
  1,264
  1,346
  1,432
  1,521
  1,613
  1,710
  1,810
  1,915
  2,025
  2,139
  2,259
  2,383
Interest expense (income), $m
  70
  62
  81
  101
  122
  144
  168
  194
  220
  248
  277
  308
  340
  373
  407
  443
  480
  519
  559
  601
  644
  689
  736
  785
  836
  889
  944
  1,002
  1,062
  1,125
  1,190
Earnings before tax, $m
  -44
  -25
  -38
  -52
  -67
  -83
  -100
  -117
  -136
  -156
  -176
  -198
  -221
  -244
  -268
  -294
  -320
  -347
  -376
  -405
  -436
  -468
  -501
  -536
  -572
  -609
  -648
  -689
  -731
  -776
  -822
Tax expense, $m
  8
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Net income, $m
  -17
  -25
  -38
  -52
  -67
  -83
  -100
  -117
  -136
  -156
  -176
  -198
  -221
  -244
  -268
  -294
  -320
  -347
  -376
  -405
  -436
  -468
  -501
  -536
  -572
  -609
  -648
  -689
  -731
  -776
  -822

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  84
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  3,753
  4,281
  4,923
  5,612
  6,346
  7,126
  7,949
  8,816
  9,724
  10,675
  11,668
  12,703
  13,781
  14,902
  16,067
  17,279
  18,538
  19,846
  21,205
  22,619
  24,089
  25,619
  27,211
  28,869
  30,596
  32,397
  34,275
  36,234
  38,280
  40,416
  42,649
Adjusted assets (=assets-cash), $m
  3,669
  4,281
  4,923
  5,612
  6,346
  7,126
  7,949
  8,816
  9,724
  10,675
  11,668
  12,703
  13,781
  14,902
  16,067
  17,279
  18,538
  19,846
  21,205
  22,619
  24,089
  25,619
  27,211
  28,869
  30,596
  32,397
  34,275
  36,234
  38,280
  40,416
  42,649
Revenue / Adjusted assets
  0.096
  0.096
  0.096
  0.096
  0.096
  0.096
  0.096
  0.096
  0.096
  0.096
  0.096
  0.096
  0.096
  0.096
  0.096
  0.096
  0.096
  0.096
  0.096
  0.096
  0.096
  0.096
  0.096
  0.096
  0.096
  0.096
  0.096
  0.096
  0.096
  0.096
  0.096
Average production assets, $m
  3,310
  3,843
  4,419
  5,037
  5,697
  6,396
  7,135
  7,913
  8,729
  9,582
  10,473
  11,402
  12,370
  13,376
  14,422
  15,509
  16,639
  17,814
  19,034
  20,303
  21,622
  22,995
  24,424
  25,913
  27,463
  29,079
  30,765
  32,524
  34,360
  36,278
  38,281
Working capital, $m
  -149
  -5
  -5
  -6
  -7
  -8
  -8
  -9
  -10
  -11
  -12
  -13
  -15
  -16
  -17
  -18
  -20
  -21
  -22
  -24
  -25
  -27
  -29
  -30
  -32
  -34
  -36
  -38
  -40
  -43
  -45
Total debt, $m
  1,564
  1,929
  2,398
  2,901
  3,438
  4,008
  4,610
  5,243
  5,908
  6,603
  7,328
  8,085
  8,873
  9,692
  10,544
  11,430
  12,350
  13,306
  14,300
  15,334
  16,408
  17,526
  18,690
  19,902
  21,165
  22,481
  23,854
  25,286
  26,782
  28,343
  29,975
Total liabilities, $m
  2,765
  3,130
  3,599
  4,102
  4,639
  5,209
  5,811
  6,444
  7,109
  7,804
  8,529
  9,286
  10,074
  10,893
  11,745
  12,631
  13,551
  14,507
  15,501
  16,535
  17,609
  18,727
  19,891
  21,103
  22,366
  23,682
  25,055
  26,487
  27,983
  29,544
  31,176
Total equity, $m
  988
  1,152
  1,324
  1,510
  1,707
  1,917
  2,138
  2,371
  2,616
  2,872
  3,139
  3,417
  3,707
  4,009
  4,322
  4,648
  4,987
  5,339
  5,704
  6,085
  6,480
  6,891
  7,320
  7,766
  8,230
  8,715
  9,220
  9,747
  10,297
  10,872
  11,472
Total liabilities and equity, $m
  3,753
  4,282
  4,923
  5,612
  6,346
  7,126
  7,949
  8,815
  9,725
  10,676
  11,668
  12,703
  13,781
  14,902
  16,067
  17,279
  18,538
  19,846
  21,205
  22,620
  24,089
  25,618
  27,211
  28,869
  30,596
  32,397
  34,275
  36,234
  38,280
  40,416
  42,648
Debt-to-equity ratio
  1.583
  1.670
  1.810
  1.920
  2.010
  2.090
  2.160
  2.210
  2.260
  2.300
  2.330
  2.370
  2.390
  2.420
  2.440
  2.460
  2.480
  2.490
  2.510
  2.520
  2.530
  2.540
  2.550
  2.560
  2.570
  2.580
  2.590
  2.590
  2.600
  2.610
  2.610
Adjusted equity ratio
  0.269
  0.269
  0.269
  0.269
  0.269
  0.269
  0.269
  0.269
  0.269
  0.269
  0.269
  0.269
  0.269
  0.269
  0.269
  0.269
  0.269
  0.269
  0.269
  0.269
  0.269
  0.269
  0.269
  0.269
  0.269
  0.269
  0.269
  0.269
  0.269
  0.269
  0.269

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  -17
  -25
  -38
  -52
  -67
  -83
  -100
  -117
  -136
  -156
  -176
  -198
  -221
  -244
  -268
  -294
  -320
  -347
  -376
  -405
  -436
  -468
  -501
  -536
  -572
  -609
  -648
  -689
  -731
  -776
  -822
Depreciation, amort., depletion, $m
  174
  202
  233
  265
  300
  337
  376
  416
  459
  504
  551
  600
  651
  704
  759
  816
  876
  938
  1,002
  1,069
  1,138
  1,210
  1,285
  1,364
  1,445
  1,530
  1,619
  1,712
  1,808
  1,909
  2,015
Funds from operations, $m
  219
  177
  194
  213
  233
  254
  276
  299
  323
  348
  375
  402
  431
  460
  491
  523
  556
  590
  626
  663
  702
  742
  784
  828
  874
  921
  971
  1,023
  1,077
  1,134
  1,193
Change in working capital, $m
  55
  -1
  -1
  -1
  -1
  -1
  -1
  -1
  -1
  -1
  -1
  -1
  -1
  -1
  -1
  -1
  -1
  -1
  -1
  -1
  -2
  -2
  -2
  -2
  -2
  -2
  -2
  -2
  -2
  -2
  -2
Cash from operations, $m
  164
  178
  195
  214
  234
  255
  277
  300
  324
  349
  376
  403
  432
  461
  492
  524
  557
  592
  628
  665
  704
  744
  786
  830
  876
  923
  973
  1,025
  1,079
  1,136
  1,195
Maintenance CAPEX, $m
  0
  -174
  -202
  -233
  -265
  -300
  -337
  -376
  -416
  -459
  -504
  -551
  -600
  -651
  -704
  -759
  -816
  -876
  -938
  -1,002
  -1,069
  -1,138
  -1,210
  -1,285
  -1,364
  -1,445
  -1,530
  -1,619
  -1,712
  -1,808
  -1,909
New CAPEX, $m
  -33
  -533
  -576
  -618
  -659
  -700
  -739
  -778
  -816
  -854
  -891
  -929
  -967
  -1,006
  -1,046
  -1,087
  -1,130
  -1,174
  -1,220
  -1,269
  -1,320
  -1,373
  -1,429
  -1,488
  -1,551
  -1,616
  -1,686
  -1,759
  -1,836
  -1,918
  -2,004
Cash from investing activities, $m
  -124
  -707
  -778
  -851
  -924
  -1,000
  -1,076
  -1,154
  -1,232
  -1,313
  -1,395
  -1,480
  -1,567
  -1,657
  -1,750
  -1,846
  -1,946
  -2,050
  -2,158
  -2,271
  -2,389
  -2,511
  -2,639
  -2,773
  -2,915
  -3,061
  -3,216
  -3,378
  -3,548
  -3,726
  -3,913
Free cash flow, $m
  40
  -529
  -584
  -637
  -691
  -745
  -799
  -853
  -908
  -963
  -1,020
  -1,077
  -1,136
  -1,196
  -1,258
  -1,322
  -1,389
  -1,458
  -1,530
  -1,606
  -1,684
  -1,767
  -1,853
  -1,944
  -2,039
  -2,138
  -2,243
  -2,353
  -2,469
  -2,590
  -2,718
Issuance/(repayment) of debt, $m
  -223
  449
  469
  503
  537
  570
  602
  633
  664
  695
  726
  757
  788
  819
  852
  886
  920
  956
  994
  1,033
  1,075
  1,118
  1,164
  1,212
  1,263
  1,316
  1,373
  1,432
  1,495
  1,562
  1,632
Issuance/(repurchase) of shares, $m
  -1
  189
  211
  237
  265
  293
  321
  351
  381
  412
  444
  476
  510
  545
  582
  619
  659
  699
  741
  785
  831
  879
  929
  982
  1,036
  1,093
  1,153
  1,216
  1,282
  1,350
  1,422
Cash from financing (excl. dividends), $m  
  43
  638
  680
  740
  802
  863
  923
  984
  1,045
  1,107
  1,170
  1,233
  1,298
  1,364
  1,434
  1,505
  1,579
  1,655
  1,735
  1,818
  1,906
  1,997
  2,093
  2,194
  2,299
  2,409
  2,526
  2,648
  2,777
  2,912
  3,054
Total cash flow (excl. dividends), $m
  83
  108
  97
  104
  111
  117
  124
  131
  137
  143
  150
  156
  162
  169
  176
  183
  190
  197
  205
  213
  222
  230
  240
  250
  260
  271
  283
  295
  308
  322
  336
Retained Cash Flow (-), $m
  -156
  -189
  -211
  -237
  -265
  -293
  -321
  -351
  -381
  -412
  -444
  -476
  -510
  -545
  -582
  -619
  -659
  -699
  -741
  -785
  -831
  -879
  -929
  -982
  -1,036
  -1,093
  -1,153
  -1,216
  -1,282
  -1,350
  -1,422
Prev. year cash balance distribution, $m
 
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
 
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash available for distribution, $m
 
  -81
  -114
  -134
  -154
  -175
  -197
  -220
  -244
  -268
  -294
  -320
  -348
  -377
  -406
  -437
  -469
  -502
  -537
  -572
  -610
  -649
  -689
  -732
  -776
  -822
  -870
  -921
  -973
  -1,028
  -1,086
Discount rate, %
 
  9.90
  10.40
  10.91
  11.46
  12.03
  12.64
  13.27
  13.93
  14.63
  15.36
  16.13
  16.93
  17.78
  18.67
  19.60
  20.58
  21.61
  22.69
  23.83
  25.02
  26.27
  27.58
  28.96
  30.41
  31.93
  33.52
  35.20
  36.96
  38.81
  40.75
PV of cash for distribution, $m
 
  -73
  -94
  -98
  -100
  -99
  -97
  -92
  -86
  -79
  -70
  -62
  -53
  -45
  -37
  -30
  -23
  -18
  -14
  -10
  -7
  -5
  -3
  -2
  -1
  -1
  0
  0
  0
  0
  0
Current shareholders' claim on cash, %
  100
  91.1
  83.4
  76.4
  70.1
  64.5
  59.4
  54.9
  50.7
  47.0
  43.5
  40.4
  37.6
  34.9
  32.5
  30.3
  28.3
  26.4
  24.7
  23.0
  21.5
  20.2
  18.9
  17.7
  16.5
  15.5
  14.5
  13.6
  12.7
  11.9
  11.2

Pattern Energy Group Inc. is an independent power company focused on owning and operating power projects. The Company holds interests in over 18 wind power projects located in the United States, Canada and Chile with total capacity of over 2,644 megawatts (MW). Each of its projects has contracted to sell its output pursuant to a power sale agreement. The Company sells its electricity and environmental attributes, including renewable energy credits (RECs), to local utilities under long-term and fixed-price power purchase agreements (PPAs). The Company's operating projects are Gulf Wind, Texas; Hatchet Ridge, California; St. Joseph, Manitoba; Spring Valley, Nevada; Santa Isabel, Puerto Rico; Ocotillo, California; South Kent, Ontario; El Arrayan, Chile; Panhandle 1, Texas; Panhandle 2, Texas; Grand, Ontario; Post Rock, Kansas; Lost Creek, Missouri; K2, Ontario; Logan's Gap, Texas, Amazon Wind Farm Fowler Ridge, Indiana, and Armow Wind power facility in Ontario, Canada.

FINANCIAL RATIOS  of  Pattern Energy Group (PEGI)

Valuation Ratios
P/E Ratio -113.8
Price to Sales 5.5
Price to Book 2
Price to Tangible Book
Price to Cash Flow 11.8
Price to Free Cash Flow 14.8
Growth Rates
Sales Growth Rate 7.3%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate -91.3%
Cap. Spend. - 3 Yr. Gr. Rate -23.3%
Financial Strength
Quick Ratio 0
Current Ratio 0.2
LT Debt to Equity 135.1%
Total Debt to Equity 158.3%
Interest Coverage 0
Management Effectiveness
Return On Assets 1.7%
Ret/ On Assets - 3 Yr. Avg. 1.3%
Return On Total Capital -0.7%
Ret/ On T. Cap. - 3 Yr. Avg. -1.2%
Return On Equity -1.9%
Return On Equity - 3 Yr. Avg. -4%
Asset Turnover 0.1
Profitability Ratios
Gross Margin 14.4%
Gross Margin - 3 Yr. Avg. 22.5%
EBITDA Margin 56.5%
EBITDA Margin - 3 Yr. Avg. 49.7%
Operating Margin 0%
Oper. Margin - 3 Yr. Avg. 9.8%
Pre-Tax Margin -12.4%
Pre-Tax Margin - 3 Yr. Avg. -13.9%
Net Profit Margin -4.8%
Net Profit Margin - 3 Yr. Avg. -8.8%
Effective Tax Rate -18.2%
Eff/ Tax Rate - 3 Yr. Avg. -12%
Payout Ratio -705.9%

PEGI stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the PEGI stock intrinsic value calculation we used $354 million for the last fiscal year's total revenue generated by Pattern Energy Group. The default revenue input number comes from 2016 income statement of Pattern Energy Group. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our PEGI stock valuation model: a) initial revenue growth rate of 16.1% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 9.9%, whose default value for PEGI is calculated based on our internal credit rating of Pattern Energy Group, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of Pattern Energy Group.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of PEGI stock the variable cost ratio is equal to 91%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $0 million in the base year in the intrinsic value calculation for PEGI stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 4.2% for Pattern Energy Group.

Corporate tax rate of 27% is the nominal tax rate for Pattern Energy Group. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the PEGI stock is equal to 0%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for PEGI are equal to 935%.

Life of production assets of 19 years is the average useful life of capital assets used in Pattern Energy Group operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for PEGI is equal to -1.1%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $988 million for Pattern Energy Group - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 87.727 million for Pattern Energy Group is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of Pattern Energy Group at the current share price and the inputted number of shares is $1.9 billion.

RELATED COMPANIES Price Int.Val. Rating
SRE Sempra Energy 119.51 34.75  str.sell
WR Westar Energy 55.42 39.31  sell
PCG PG&E 54.00 38.90  sell
NEP NextEra Energy 39.12 37.87  hold
TERP TerraForm Powe 12.64 1.36  str.sell
VSLR Vivint Solar 3.45 1.21  str.sell

COMPANY NEWS

▶ 3 Unknown but Amazing Dividend Stocks   [Nov-17-17 09:19AM  Motley Fool]
▶ 3 Growth Dividend Stocks for November   [Nov-10-17 07:54PM  Motley Fool]
▶ Pattern Energy reports 3Q loss   [11:07AM  Associated Press]
▶ Top 4 Alternative Energy Stocks as of November 2017   [Nov-07-17 01:50PM  Investopedia]
▶ 3 High-Yield Renewable Energy Stocks   [09:32PM  Motley Fool]
▶ Pattern Energy Sees IBD RS Rating Climb To 71   [03:00AM  Investor's Business Daily]
▶ 3 Energy Income Stocks You Can Feel Good About Owning   [Sep-30-17 09:30AM  Motley Fool]
▶ 3 High-Yield Renewable Energy Stocks   [Sep-21-17 12:35PM  Motley Fool]
▶ 3 High-Yield Stocks at Rock-Bottom Prices   [Sep-19-17 03:28PM  Motley Fool]
▶ IBD Rating Upgrades: NRG Yield Cl C Flashes Improved Technical Strength   [Sep-18-17 03:00AM  Investor's Business Daily]
▶ 3 High-Yield Alternative Energy Stocks   [08:16AM  Motley Fool]
▶ Stocks Showing Improved Relative Strength: NRG Yield   [Aug-30-17 03:00AM  Investor's Business Daily]
▶ 3 Energy Stocks With Dividends Yielding More Than 5%   [Aug-19-17 09:10AM  Motley Fool]
▶ 3 High-Yield Renewable-Energy Stocks   [Aug-14-17 11:34AM  Motley Fool]
▶ This Week in Solar   [Aug-11-17 08:00PM  Motley Fool]
▶ Pattern Energy tops 2Q profit forecasts   [Aug-08-17 04:18PM  Associated Press]
▶ The Best Dividend Stocks You've Never Heard Of   [Aug-05-17 09:12AM  Motley Fool]
▶ 5 Strong Value Utility Stocks To Buy Now   [Jun-27-17 04:02PM  Zacks]
▶ 3 Value Stocks for Long-Term Investors   [Jun-24-17 07:34AM  Motley Fool]
▶ This Week in Solar   [Jun-23-17 05:02PM  Motley Fool]
▶ ETF Flyer: The Sun Shines on TAN   [Jun-22-17 04:50PM  Barrons.com]
▶ Pattern Energy Reports Results of Director Election   [Jun-02-17 04:30PM  CNW Group]
▶ Pattern Energy beats 1Q profit forecasts   [06:24AM  Associated Press]
▶ 5 High-Yield Dividend Stocks to Buy in April   [Apr-11-17 08:54AM  Motley Fool]
▶ 3 Wind Energy Stocks to Buy in 2017   [Mar-16-17 01:09PM  Motley Fool]
▶ 3 Wind Energy Stocks to Buy in 2017   [01:09PM  at Motley Fool]
Financial statements of PEGI
Valuation of Stocks

The paper VALUATION OF STOCKS: The Quest for Intrinsic Value provides a detailed description of our valuation model and discloses the calculation algorithm.

FREE DOWNLOAD
Follow us on:   twitter   twitter   twitter   twitter

VALUATION THEORY       ASSET ALLOCATION

About X-FIN       Site news       Privacy policy       Terms of use       FAQ

Copyright © X-FIN.com 2005-2017. All rigths reserved.