Pattern Energy Group Inc.PEGI was a big mover last session, as the company saw its shares rise more than 5% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, which remained volatile and traded within the range of $17.09 -$19.47 in the past one-month time frame, witnessed a sharp increase yesterday.
The company has seen one negative estimate revisions in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few weeks, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.
Pattern Energy currently has a Zacks Rank #3 (Hold) while its Earnings ESP is positive.
Pattern Energy Group Inc. Price
Pattern Energy Group Inc. Price | Pattern Energy Group Inc. Quote
A better-ranked stock in the Utilities sector is Algonquin Power & Utilities Corp. AQN , which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
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Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free reportPattern Energy Group Inc. (PEGI): Free Stock Analysis ReportAlgonquin Power & Utilities Corp. (AQN): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research