Takeover rumors are circulating about Pattern Energy. The rumor is that Brookfield Asset Management (BAM), which owns about 65% of TerraForm Power (TERP), has floated the idea of merging the company with Pattern Energy Group (PEGI). The rumors are coming from Bloomberg’s Scott Deveau and Kiel Porter.

Bloomberg reports that suitors are showing takeover interest.

Pegi stock exploded on the takeover rumors.
Pattern Energy Group In the News