Pattern Energy Reports First Quarter 2016 Financial Results

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Go back to Pattern Energy Reports First Quarter 2016 Financial Results

Pattern Energy (PEGI) Misses Q1 EPS Views; Commences $200M 'At-The-Market' Program

May 9, 2016 8:42 AM EDT

Pattern Energy (NASDAQ: PEGI) reported Q1 EPS of ($0.32), $0.34 worse than the analyst estimate of $0.02. Revenue for the quarter came in at $87.6 million versus the consensus estimate of $97.37 million.

Pattern Energy also announced the commencement of a $200,000,000 At-The-Market ("ATM") program and that it has entered into an Equity Distribution Agreement (the "Agreement") with RBC Capital Markets, LLC, KeyBanc Capital Markets Inc. and Morgan Stanley & Co. LLC... More