Pattern Energy +3% as Goldman says unharmed by Ontario cancellations

|About: Pattern Energy Group Inc. (PEGI)|By:, SA News Editor

Pattern Energy (NASDAQ:PEGI) +3.1% premarket as Goldman Sachs says it expects the stock to rally today after tumbling 11% last week on news that Ontario's new government issued a directive to cancel 758 green energy projects.

Goldman says only five of the projects on Ontario's list were wind projects and none were associated with PEGI.

The firm also continues to see PEGI's "risk-reward as one of the more attractive setups in our coverage."

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