PEGI - Creating Clarity From Confusion: Pattern Energy's CAFD
For any YieldCo, CAFD is a top-priority metric. I had a hard time finding CAFD forecasts in previous articles. That prompted me to look into it. As it turns out, finding out the right CAFD level is quite cumbersome and requires a fair amount of financial statement analysis because Pattern Energy Group's (PEGI) financial reporting makes it hard to pinpoint. My goal is to establish the current fair CAFD level and a projected CAFD run rate for PEGI, so investors can use this in their own valuation. As a bonus, I also throw in an