trending Market Intelligence /marketintelligence/en/news-insights/trending/pb-fU424gDwOmi1uCYvU-Q2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us
In This List

UBS launches coverage of Pattern Energy

Q2: U.S. Solar and Wind Power by the Numbers

Essential Energy Insights - September 17, 2020

Essential Energy Insights September 2020

Rate case activity slips, COVID-19 proceedings remain at the forefront in August

UBS launches coverage of Pattern Energy

UBS Securities LLC on Sept. 27 initiated coverage ofPattern Energy GroupInc. with a "neutral" rating and a $24 price target.          

While the brokerage views Pattern Energy as reasonablyattractive independent yieldco, the focus is now on its potential transition toa full development company.

"We perceive a wider array of investors as open to thismore sustainable structure, particularly given the uncertainty of the long-termcommitment from a private developer," UBS analyst Julien Dumoulin-Smithsaid.

Pattern Energy's growth pipeline relies on third-partyacquisitions and from its primary shareholder .