The company has not filed an annual or quarterly report since its FY2019 10-K, filed Mar 2, 2020. Its latest SEC filing is a 15-12B from Apr 27, 2020.
10-K for FY2019, filed Mar 2, 2020
The sections below describe the company as of the FY2019 annual report.
Generates and sells electricity and renewable energy credits primarily to local utilities. Also owns an interest in a developer of wind, solar, storage, and transmission projects.
10-K for FY2019, filed Mar 2, 2020Through our operating business segment, we hold ownership interests in 28 renewable energy projects with an operating capacity that totals…View ↗
We own an approximate 29% interest in Pattern Development which engages in the development of projects around the world primarily in the…View ↗
We sell our electricity and RECs primarily to local utilities under long-term, fixed-price PPAs or, in limited instances, local liquid ISO…View ↗
Utilities and market buyers pay for electricity based on metered amounts delivered, at contract or market prices; standalone renewable energy credits are sold for payment when delivered.
10-K for FY2019, filed Mar 2, 2020The Company generates revenues primarily by delivering electricity to customers under PSAs and market participants. The revenues are…View ↗
The Company transfers control of the electricity over time and the customer simultaneously receives and consumes the benefits provided by…View ↗
Each promise to deliver RECs is a distinct performance obligation that is satisfied at a point in time as none of the criteria are met to…View ↗
$541M
10-K for FY2019, filed Mar 2, 2020
$541M ↗
Sells electricity primarily to local utilities through long-term power agreements; some sales go to local electricity markets. Standalone renewable energy credits are also sold to customers.
10-K for FY2019, filed Mar 2, 2020
No. It lost $31M in FY2019.
10-K for FY2019, filed Mar 2, 2020
−$47MView ↗
10-K for FY2019, filed Mar 2, 2020
−$31MView ↗
10-K for FY2019, filed Mar 2, 2020
−$97MView ↗
8-K, filed Mar 16, 2020
On the Closing Date, Parent completed the acquisition of the Company. Pursuant to the Merger Agreement, each share of Class A common stock…View ↗
Grew. Revenue grew 64% in 4 years, from $329.8M in FY2015 to $541M in FY2019, about 13% a year.
Broader project mix
The earlier report described wind projects in the United States, Canada, and Chile; the latest portfolio includes solar projects and operating assets in Japan.
10-K for FY2016, filed Mar 1, 2017 10-K for FY2019, filed Mar 2, 2020We hold interests in 18 wind power projects, including the Broadview project which we have committed to acquire in April 2017, located in…View ↗
Development investment
The latest report describes an ownership interest in Pattern Development and a share of its sale returns; the earlier report describes access to development companies' pipeline and acquisition rights.
10-K for FY2016, filed Mar 1, 2017 10-K for FY2019, filed Mar 2, 2020As of December 31, 2016, Pattern Development 1.0 owned approximately 19% of our outstanding Class A common stock. Our continuing…View ↗
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