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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, CA, USMap
Websitepatternenergy.com
Employee Ratings4.2More
View Jobs (40)

Recent NewsAll News

Latest Updates

Employees (est.) (Dec 2019)228(+10%)
Job Openings40
Revenue (FY, 2019)$541 M(+13%)
Share Price (Mar 2020)$26.7
Cybersecurity ratingDMore

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
Kevin Devlin

Kevin Devlin

Senior VP, Project Operations
Sarah Webster

Sarah Webster

VP, External Affairs and Market Intelligence
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Pattern Energy Group Office Locations

Pattern Energy Group has offices in San Francisco and Houston
San Francisco, CA, US (HQ)
1088 Sansome St, San Francisco
Houston, TX, 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%)
show all
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
show all
USDQ3, 2013

Debt/Equity

-205.9 x

Debt/Assets

2.3 k x

Financial Leverage

-0.1 x
Show all financial metrics

Pattern Energy Group Cybersecurity Score

Cybersecurity ratingPremium dataset

D

69/100

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Pattern Energy Group Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 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 Company Culture

  • CEO Rating

    A-

    80/100

  • Compensation

    A+

    100/100

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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

July 14, 2020

Pattern Energy Operations Announces Pricing of Offering of Senior Notes

Pattern Energy Operations Announces Pricing of Offering of Senior Notes Maricel.Felici… Tue, 07/14/2020 - 18:59 Pattern Energy Operations Announces Pricing of Offering of Senior Notes July 14, 2020 at 7:00 PM EDT This release is a backfill from a News Wire …
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, CALIFORNIA – July 13, 2020 – 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 principal
June 23, 2020

Pattern Energy Group Inc. Notice to Note Holders

Pattern Energy Group Inc. Notice to Note Holders Content Import Tue, 06/23/2020 - 11:58 Pattern Energy Group Inc. Notice to Note Holders June 23, 2020 at 11:57 AM EDT This release is a backfill from a News Wire General SAN FRANCISCO…
April 06, 2020

Pattern Energy Group Inc. Announces Consent Solicitation to the Holders of its 5.875% Senior Notes Due 2024

Pattern Energy Group Inc. Announces Consent Solicitation to the Holders of its 5.875% Senior Notes Due 2024 Content Import Mon, 04/06/2020 - 08:31 Pattern Energy Group Inc. Announces Consent Solicitation to the Holders of its 5.875% Senior Notes Due 2024 April 6, 2020 at 8:3…
March 16, 2020

Pattern Energy and Canada Pension Plan Investment Board Complete Transaction

SAN FRANCISCO and TORONTO , March 16, 2020 /PRNewswire/ --   Pattern Energy Group Inc. (NASDAQ and TSX: PEGI) (" Pattern Energy " or "the Company") and Canada Pension Plan Investment Board ("CPP Investments") today announced the completion of the previously announced merger transaction (the
March 10, 2020

Pattern Energy Stockholders Approve Canada Pension Plan Investment Board Merger Agreement

Expects to Close Transaction Shortly SAN FRANCISCO , March 10, 2020 /PRNewswire/ --  Pattern Energy Group Inc. (Nasdaq and TSX: PEGI) (" Pattern Energy " or "the Company") today announced that its stockholders voted to approve the Company's pending merger transaction (the "Transaction") with Canada
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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 Avangrid Renewables, Sempra Energy and Sterlite Power.

  • 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.