Pattern Energy Q1 2019 Power Production Preview [Seeking Alpha]
PATTERN ENERGY GROUP INC CL (PEGI)
Last pattern energy group inc cl earnings: 3/2 06:00 am
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Source: Seeking Alpha
Pattern Energy Q1 2019 Power Production Preview Summary Wind speed data points to power production in the first quarter in line with long-term averages. Revenues and CAFD are expected to be modestly higher than the year-ago period. The stock is in an uptrend with the next resistance level at $24. Introduction This article is part of a series tracking and analyzing wind speed data in order to estimate the quarterly power production of Pattern Energy ( PEGI wind speed data published Can Wind Speed Data Really Predict Pattern Energy Earnings? The Track Record So Far No model is perfect, and this model is very simplistic and uses crude data. However, there seems to be a reasonable correlation between the model predictions and the actual reported results. Shown below is the historical performance: Wind Speeds This Quarter (Source: NOAA) January was a mostly average month, with some weakness showing up at the Post Rock site and slightly above-average wind speeds in California and Canada. Wi
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