PEGI - Pattern Energy: Still Undervalued
Data by YCharts
Back in May, we published an article discussing why Pattern Energy Group (PEGI) was undervalued and poised for growth due to a steady expansion of the business and a safe dividend. Then, the share price sat at $18.21/share, and since, it has risen to around 12-month highs at $21 (with relatively high volatility), representing a roughly 15% increase. While the stock currently sits at these highs, we believe that the company remains undervalued at these levels given continued steady growth under management, sure to maintain dividend growth.