TERP - The Worst Mistake Pattern Energy Investors Can Make Right Now
After a few challenging years, shares of renewable energy company Pattern Energy (NASDAQ: PEGI) have bounced back big-time in 2019. The company's stock is up 42% so far this year, including a spike of more than 12% in the past month on news that it has received takeover interest.
That rebound likely has shareholders wondering whether they should do something. Some might be thinking about cashing out, while others are probably contemplating adding to their position. However, making a move in response to a potential buyout is the worst thing Pattern Energy investors could do right now. Here's why.
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