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Pattern Energy Group

OverviewSuggest Edit

Pattern Energy is an independent power company that owns and operates wind & solar power facilities around the world. The Company has a portfolio of 20 renewable energy facilities, including one project it has agreed to acquire.

TypePublic
Founded2012
HQSan Francisco, USMap
Websitepatternenergy.com
Employee Ratings3.8More
View Jobs (14)

Recent NewsAll News

Latest Updates

Employees (est.) (Dec 2019)228(+10%)
Job Openings14
Revenue (FY, 2019)$541 M(+13%)
Share Price (Mar 2020)$26.7
Cybersecurity ratingCMore

Key People/Management at Pattern Energy Group

Michael Garland

Michael Garland

Chief Executive Officer & Co-Founder
Esben Pedersen

Esben Pedersen

Chief Financial Officer
Hunter Armistead

Hunter Armistead

Chief Development Officer
Daniel Elkort

Daniel Elkort

Executive Vice President and Chief Legal Officer
Christopher Shugart

Christopher Shugart

Senior VP, Corporate Operations
Jean Wilson

Jean Wilson

Senior VP, Business Development
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Pattern Energy Group Office Locations

Pattern Energy Group has offices in San Francisco and Houston
San Francisco, US (HQ)
1088 Sansome St, San Francisco
Houston, US
Total Plaza, 1201 Louisiana St #3200
Show all (2)

Pattern Energy Group Financials and Metrics

Pattern Energy Group Revenue

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Pattern Energy Group's revenue was reported to be $541 m in FY, 2019
USD

Revenue (FY, 2019)

541.0m

Gross profit (FY, 2019)

32.0m

Gross profit margin (FY, 2019), %

5.9%

Net income (FY, 2019)

(31.0m)

EBIT (FY, 2019)

(47.0m)

Market capitalization (20-Mar-2020)

2.6b

Closing stock price (20-Mar-2020)

26.7

Cash (31-Dec-2019)

156.0m

EV

5.5b
Pattern Energy Group's current market capitalization is $2.6 b.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Revenue

201.6m265.5m329.8m354.1m411.3m483.0m541.0m

Revenue growth, %

32%24%7%

Cost of goods sold

140.9m182.2m258.0m303.3m348.7m419.0m509.0m

Gross profit

60.7m83.3m71.8m50.7m62.7m64.0m32.0m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Revenue

49.5m65.0m71.5m64.9m84.7m89.7m87.6m93.4m91.9m100.8m107.8m92.0m111.7m139.9m118.4m135.0m140.0m119.0m

Cost of goods sold

37.3m38.0m53.9m54.3m62.3m67.4m75.7m77.0m75.1m72.9m86.6m93.7m97.2m96.3m98.2m129.0m123.0m122.0m

Gross profit

12.3m27.0m17.7m10.6m22.3m22.3m12.0m16.4m16.8m27.9m21.1m(1.7m)14.5m43.7m20.2m6.0m17.0m(3.0m)

Gross profit Margin, %

25%42%25%16%26%25%14%18%18%28%20%(2%)13%31%17%4%12%(3%)
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Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Cash

103.6m101.7m94.8m83.9m116.8m101.0m156.0m

Accounts Receivable

21.0m35.8m45.3m80.1k54.9m50.0m81.0m

Prepaid Expenses

13.9m28.0m14.5m17.8m18.0m15.0m

Inventories

Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Cash

557.0k100.3m234.0m230.7m243.3m82.9m103.2m90.6m87.6m65.7m244.7m162.6m91.1m162.1m116.5m125.7m93.0m124.0m106.0m

Accounts Receivable

27.1m40.6m31.8m35.0m48.4m37.5m42.3m49.3m39.4m46.0m48.3m49.0m62.9m74.0m68.0m65.0m

Prepaid Expenses

9.9m10.9m18.0m14.3m26.0m23.6m13.2m11.1m15.5m12.9m11.8m18.4m17.7m13.0m13.0m16.0m

Current Assets

150.2m299.4m295.3m322.7m206.4m208.0m247.9m241.1m209.5m385.9m304.1m239.5m315.1m551.3m240.2m222.0m240.0m241.0m
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Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Net Income

10.1m(40.0m)(55.6m)(52.3m)(82.4m)(69.0m)(107.0m)

Depreciation and Amortization

83.2m104.4m143.4m174.5m198.6m280.0m353.0m

Accounts Payable

3.0m3.7m4.7m(2.5m)17.6m3.0m(24.0m)

Cash From Operating Activities

78.2m110.4m117.8m163.7m217.6m279.0m167.0m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Net Income

(2.3m)(21.9m)(14.7m)(24.0m)(22.1m)(16.4m)(51.7m)(29.0m)(44.7m)(55.7m)2.5m(12.1m)(60.5m)(12.6m)(14.4m)(45.9m)(46.0m)(76.0m)(147.0m)

Depreciation and Amortization

21.2m42.5m72.5m29.1m43.4m87.1m130.8m43.7m92.3m144.6m55.5m110.4m187.7m90.0m174.0m489.0m

Accounts Payable

(5.0m)348.0k1.5m(688.0k)615.0k4.2m(18.7m)(9.6m)(2.7m)(4.4m)31.0m16.4m(18.7m)15.0m(12.0m)(6.0m)

Cash From Operating Activities

(2.3m)16.4m60.8m83.9m16.2m48.6m83.3m14.7m69.0m105.4m43.8m157.2m159.3m27.8m123.5m230.5m8.0m75.0m118.0m
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USDQ3, 2013

Debt/Equity

-205.9 x

Debt/Assets

2.3 k x

Financial Leverage

-0.1 x
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Pattern Energy Group Cybersecurity Score

Cybersecurity ratingPremium dataset

C

74/100

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Pattern Energy Group Online and Social Media Presence

Pattern Energy Group's Trends

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Pattern Energy Group News and Updates

July 13, 2020

Pattern Energy Operations Announces Proposed Offering of Senior Notes and Conditional Redemption of Pattern Energy Group Inc.'s Existing Senior Notes due 2024

SAN FRANCISCO, July 13, 2020 /PRNewswire/ -- Pattern Energy Operations LP (the "Company") and Pattern Energy Operations Inc. (together with the Company, the "Issuers") announced today that they propose to offer, subject to market conditions and other factors, US$700 million aggregate...
April 10, 2020

Pattern Energy Group Inc. Announces Results of Its Consent Solicitation and Receipt of Requisite Consents from the Holders of Its 5.875% Senior Notes Due 2024

SAN FRANCISCO, April 10, 2020 /PRNewswire/ -- Pattern Energy Group Inc. (the "Company") announced today that it has received consents from the holders of a majority in outstanding principal amount of its 5.875% senior notes due 2024 (the "Notes") as of 5:00 p.m., New York City time, on...
January 18, 2020

Faruqi & Faruqi, LLP Announces Filing of a Class Action Lawsuit Against Pattern Energy Group Inc. (PEGI)

NEW YORK, Jan. 17, 2020 /PRNewswire/ -- Notice is hereby given that Faruqi & Faruqi, LLP has filed a class action lawsuit in the United States District Court for the Northern District of California, Case No. 1:19-cv-08437-RS, on behalf of shareholders of Pattern Energy Group Inc....
July 16, 2018

Pattern Energy Group: Crisis Or Opportunity?

July 16, 2018

Pattern Energy Group: I Bought The Dip

May 10, 2018

Pattern Energy Group's (PEGI) CEO Mike Garland on Q1 2018 Results - Earnings Call Transcript

Pattern Energy Group Blogs

March 09, 2020

Pattern Energy Comments on ISS Update Regarding the Proposed Transaction with Canada Pension Plan Investment Board

Pattern Energy Comments on ISS Update Regarding the Proposed Transaction with Canada Pension Plan Investment Board Content Import Mon, 03/09/2020 - 18:20 Pattern Energy Comments on ISS Update Regarding the Proposed Transaction with Canada Pension Plan Investment Board March …
March 09, 2020

Pattern Energy's Board of Directors Urges Stockholders to Vote "FOR" the Canada Pension Plan Investment Board Transaction Today

Special Meeting to be Held on Tuesday, March 10, 2020 SAN FRANCISCO , March 9, 2020 /PRNewswire/ --  Pattern Energy Group Inc. (Nasdaq and TSX: PEGI) (" Pattern Energy " or the "Company") today announced that its Board of Directors is reminding stockholders to vote "FOR" the proposals related to
March 02, 2020

Pattern Energy Reports Fourth Quarter and Year End 2019 Financial Results

- Declares dividend of $0.4220 per Class A common share ( 1 )  for first quarter 2020 - SAN FRANCISCO , March 2, 2020 /PRNewswire/ -- Pattern Energy Group Inc. (the "Company" or " Pattern Energy ") (NASDAQ & TSX: PEGI) today announced its financial results for the 2019 fourth quarter and year en…
February 28, 2020

Pattern Energy Highlights the Significant, Immediate and Certain Value of its Pending Transaction and the Risks of ISS's Recommendation

Board of Directors Firmly Recommends Stockholders Vote " FOR " the Proposed Transaction SAN FRANCISCO , Feb. 28, 2020 /PRNewswire/ -- Pattern Energy Group Inc. (Nasdaq and TSX: PEGI) (" Pattern Energy " or the "Company") today reiterated the firm recommendation of its Board of Directors (the
February 26, 2020

Pattern Energy Sets the Record Straight Regarding Water Island's False Assertions and Mischaracterizations

Believes Water Island's Lawsuit is Frivolous, Entirely without Merit and is Being Done as a PR Stunt Board Continues to Urge Stockholders to Vote " FOR " the Transaction with Canada Pension Plan Investment Board SAN FRANCISCO , Feb. 26, 2020 /PRNewswire/ -- Pattern Energy Group Inc.
February 24, 2020

Pattern Energy Files Investor Presentation

Board Urges Stockholders to Vote " FOR " the Transaction with Canada Pension Plan Investment Board SAN FRANCISCO , Feb. 24, 2020 /PRNewswire/ --  Pattern Energy Group Inc. (Nasdaq and TSX: PEGI) (" Pattern Energy " or the "Company") today filed an investor presentation highlighting that the
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 Pattern Energy Group Frequently Asked Questions

  • When was Pattern Energy Group founded?

    Pattern Energy Group was founded in 2012.

  • Who are Pattern Energy Group key executives?

    Pattern Energy Group's key executives are Michael Garland, Esben Pedersen and Hunter Armistead.

  • How many employees does Pattern Energy Group have?

    Pattern Energy Group has 228 employees.

  • What is Pattern Energy Group revenue?

    Latest Pattern Energy Group annual revenue is $541 m.

  • What is Pattern Energy Group revenue per employee?

    Latest Pattern Energy Group revenue per employee is $2.4 m.

  • Who are Pattern Energy Group competitors?

    Competitors of Pattern Energy Group include Sterlite Power, Polat Energy and MOWEA.

  • Where is Pattern Energy Group headquarters?

    Pattern Energy Group headquarters is located at 1088 Sansome St, San Francisco, San Francisco.

  • Where are Pattern Energy Group offices?

    Pattern Energy Group has offices in San Francisco and Houston.

  • How many offices does Pattern Energy Group have?

    Pattern Energy Group has 2 offices.