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25.08.2019 20:07:00

This High-Yield Renewable-Energy Stock Remains on Track for High-Powered Growth

Pattern Energy (NASDAQ: PEGI) ended last year in a tight spot. The renewable-energy company barely generated enough cash flow to cover its high-yield dividend. As a result, it had to take action to improve its financial profile and put its dividend on a more sustainable footing.The company unveiled its two-year improvement plan earlier this year. While it's still early, Pattern has made excellent progress on that strategy through the second quarter, which was one of the themes on the accompanying conference call. As a result, its 6.5%-yielding dividend is looking increasingly secure.Image source: Getty Images.Continue reading
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