PEGI - Attractive 8.4% Yield From Renewable Energy For Income And Upside Potential
Co-produced with Philip Mause and Julian Lin of High Dividend Opportunities.
Pattern Energy Group (PEGI) closed recently at $20/share after reporting strong second-quarter results. PEGI now pays an annual dividend of $1.69 for a yield of 8.4%. PEGI owns and operates wind energy facilities and is expanding at a measured but steady pace primarily by targeting an increasingly attractive international market. The stock is attractively priced for a high yield with 20% upside to our price target.
The Second Quarter
PEGI's second-quarter numbers were stellar.
- On a year-over-year ((YOY)) basis in comparison