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Fly News Breaks for July 16, 2018
PEGI
Jul 16, 2018 | 09:33 EDT
Goldman Sachs analyst Brian Lee noted that Pattern Energy shares had traded down 8% previously following news that Ontario's new government issued a directive to cancel 758 green energy projects and he expects the stock to rally now that Ontario published the official list of impacted projects, which included none that were associated with Pattern and only five wind projects total out of the 758 being cancelled. He reiterates a Buy rating and $22 price target on Pattern Energy shares.
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